trade

Seoul, April 7 – South Korea has secured an additional 60 million barrels of alternative oil supplies for May, which will replace supplies from the Middle East that have been disrupted due to the effective closure of the Strait of Hormuz, the government said on Tuesday.The country has secured...

Thane, April 5 Ambassador of Nepal to India, Dr. Shankar Prasad Sharma, emphasized the need to further strengthen trade, investment, and economic ties between the two neighboring countries on Sunday.Speaking at the Indo-Nepal Trade Programme and Trade Promotion Initiative organized in Thane...

New Delhi, April 5: India's pharmaceutical exports reached over $28 billion by February of the current financial year, registering a growth of more than 5 per cent compared to the same period last year, a senior government official has said.Speaking at the inaugural session of ‘Chintan Shivir...

New Delhi, April 2 The government has announced measures to help exporters mitigate the impact of the West Asia crisis, and more decisions are being considered, Commerce and Industry Minister Piyush Goyal said on Thursday.The US-Israel attack launched on Iran in February has disrupted shipping...

Seoul, April 2 – South Korea has secured approximately 50 million barrels of alternative oil supplies for this month to replace supplies from the Middle East, which have been disrupted due to the effective closure of the Strait of Hormuz, government officials said on Thursday, pledging continued...

South Korea Launches Crude Oil Swap System to Counter Supply Risks Amid Strait of Hormuz Disruptions Government Introduces Temporary Oil Swap Mechanism Seoul, March 31: South Korea’s government has introduced a crude oil swap system with private refiners starting Tuesday, aiming to stabilize...

Himachal Fuel Dealers Oppose Petrol, Diesel Cess, Warn of Sales Decline Bilaspur (HP), March 29: The Himachal Pradesh Petroleum Dealers Association has strongly opposed the state government’s decision to impose a cess on petrol and diesel, calling the move “unjustified” and cautioning that it...

India-US Economic Partnership Poised for Expansion, Says US Ambassador Sergio Gor Strategic Alignment in Infrastructure, Energy, and Technology New Delhi, March 29: Highlighting the growing convergence between India and the United States, US Ambassador Sergio Gor said the two nations are...

India’s Supply Chains Remain Stable Amid West Asia Tensions, Says CAIT Adequate Stock of Essentials, No Cause for Concern New Delhi, March 29: India’s supply chain ecosystem continues to remain stable and resilient despite rising geopolitical tensions in West Asia, the Confederation of All India...

India’s SEZ Exports Surge 32% to ₹11.7 Lakh Crore in FY26, Boosting Investment and Jobs SEZ Exports Record Strong Growth in 2025-26 New Delhi, March 28 – India’s exports from operational Special Economic Zones (SEZs) crossed ₹11.70 lakh crore in 2025-26 (up to December 2025), registering a...

Jaishankar Congratulates Nepal’s New Foreign Minister Shisir Khanal, Reaffirms Bilateral Ties India Extends Diplomatic Warmth Following Nepal’s New Government Formation Paris, March 27: External Affairs Minister S Jaishankar on Friday extended his greetings to Nepal’s newly appointed Minister of...

India-China Trade Talks Highlight Rising Trade Deficit New Delhi, March 27 – Commerce and Industry Minister Piyush Goyal met his Chinese counterpart Wang Wentaoon Friday to discuss trade-related issues, amid a widening trade deficit between the two countries. The meeting took place on the...

Washington, March 26 The US said on Thursday that it intends to work with Congress to allocate USD 250 million in foreign assistance funding for the Pax Silica initiative, aimed at securing the global supply chain for silicon-based technologies.India formally joined Pax Silica in February...

BRICS Bloc Strengthening Alters Global Dynamics, Kremlin Aide Says BRICS Expansion and Shifting Global Relationships Moscow, March 26 – The BRICS economic bloc is reshaping global relations and fostering South-South cooperation, bypassing Western influence, according to a top Kremlin economic...

Chandigarh, March 25 Haryana Chief Minister Nayab Singh Saini met with Russia's Ambassador to India, Denis Alipov, on Wednesday, and highlighted the state's strengths in various sectors, including IT, automobiles, agro-processing, textiles, and manufacturing.The chief minister held detailed...

India’s Engineering Goods Exports Hit $10.36 Billion in February 2026, Achieving Double-Digit Growth New Delhi, March 25, 2026 – Despite ongoing geopolitical tensions and a global economic slowdown, India’s engineering goods exports recorded 12.9% year-on-year growth in February 2026, reaching...

India Pursues ‘Values-Based’ Economic Corridor to Counter China’s Influence New Delhi, March 25 – India’s recent state visit to Israel has solidified the burgeoning strategic relationship between the two nations as part of a “sophisticated geo-economic strategy,” according to an article in The...

New Delhi, March 23 The government on Monday restored full benefits under the RoDTEP scheme to exporters until March 31 amidst the ongoing West Asia crisis disrupting global trade.Last month, the government halved the rate of duty benefits under the Remission of Duties and Taxes on Exported...

New Delhi, March 23 The government on Monday restored full benefits under the RoDTEP scheme to exporters amidst the ongoing West Asia crisis disrupting global trade.Last month, the government halved the rate of duty benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP)...

New Delhi, March 23 India will consider resuming the purchase of Iranian oil based on techno-commercial feasibility, a senior government official said after Washington temporarily lifted sanctions to ease pressure on prices following the US-Israeli war on Iran.Historically, India was a major...