New Delhi/Bengaluru, March 23 (IANS) Amid the escalating conflict in West Asia, the Central government has stepped up monitoring of its potential impact on India, with Prime Minister Narendra Modi chairing an emergency meeting of the Union Cabinet Committee on Sunday night, stated Union Minister for Food, Public Distribution and Consumer Affairs Pralhad Joshi on Monday.Union Minister Joshi has released a press statement in this regard.”The Prime Minister held detailed discussions with senior min…
Latest global trade News & Updates
New Delhi, March 20 (IANS) The past year has tested the global order, challenging long-standing assumptions about trade liberalisation and cooperation, and yet, in this moment of uncertainty, the India-EU trade agreement offers a path forward, a Member of the European Parliament has said.For India, it means deeper access to one of the world’s largest markets. For the EU, it reinforces ties with a dynamic and influential partner. For both, it is a chance to reaffirm our commitment to open, rule…
New Delhi, March 13 (IANS) As global supply chains face recurring disruptions from geopolitical tensions and shifting trade routes, resilient infrastructure and logistics networks will be critical to sustaining economic growth, said Karan Adani, Managing Director (MD), Adani Ports and Special Economic Zone (APSEZ), and Director, Adani Cement, at the annual leadership summit of a media group here on Friday.He noted that the ongoing crisis in West Asia has highlighted the vulnerability of global t…
New Delhi, March 10 (IANS) Assocham on Tuesday cautioned that a prolonged regional conflict in West Asia, amid escalating tensions involving the United States, Israel and Iran, could disrupt global trade and affect India’s energy supplies and exports.The apex industry chamber said India’s economy is closely linked to West Asian supply chains while also relying heavily on the Gulf region as a key export destination.The Middle East remains a major supplier of crude oil, liquefied natural gas (…
New Delhi, March 7 (IANS) The government on Saturday extended the deadline for fulfilling export obligations under certain export promotion schemes to August 31, 2026, to help exporters facing disruptions in global trade and shipping routes.The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, announced the decision through a public notice.The move comes amid ongoing geopolitical developments that are affecting global shipping routes, logistics corridors a…
New Delhi, March 2 (IANS) India’s experience demonstrates that import substitution and export strength can move together when approached strategically. Across sectors, from mobile phones and medicines to automobiles and defence, the push is to build in India not only for domestic needs, but for global markets as well, according to an official factsheet issued on Monday.As local capacity expands and imports reliance falls, many industries also gain the scale to export more, strengthening the ex…
New Delhi, Feb 23 (IANS) Union Commerce and Industry Minister Piyush Goyal on Monday said that quality must become the core focus of India’s manufacturing and export ecosystem if the country wants to achieve its long-term economic goals.Addressing the first National Quality Conclave virtually, organised by the Department for Promotion of Industry and Internal Trade (DPIIT) in partnership with the Quality Council of India (QCI), Goyal stressed that Prime Minister Narendra Modi’s vision of “…
New Delhi, Feb 21 (IANS) Opposition leaders in India on Saturday welcomed the decision of the US Supreme Court striking down tariff measures imposed during the tenure of US President Donald Trump, terming the verdict significant for global trade and rule-based economic order.Aam Aadmi Party (AAP) MP Ashok Mittal also referred to fluctuations in tariff levels in recent years.“On August 27, 2025, the US increased the tariff from 25 per cent to 50 per cent. Earlier, under the interim trade deal b…
New Delhi, Feb 21 (IANS) Calling the US decision to reduce tariffs to 10 per cent a ‘very positive development’ for emerging markets, an expert on Saturday said the move helps normalise global trade and brings much-needed clarity to businesses and investors.Speaking to IANS on the sidelines of an event organised by All India Management Association (AIMA) here, Vishal Kampani, Senior Vice President of AIMA and Vice Chairman & Managing Director of JM Financial Limited, said the US move to …
Washington, Feb 19 (IANS) The International Monetary Fund has urged China to take stronger steps to revive domestic demand and reduce economic imbalances, warning that weak consumption and deflation could slow growth and affect the global economy. The IMF Executive Board, which concluded its 2025 Article IV consultation with China on February 13 (local time), said the economy “has remained remarkably resilient despite facing multiple shocks in recent years.”China’s economy grew 5 per cent …