US charges 5 over illegal exports for Pakistan's nuclear programme; Islamabad says no information
According to the indictment, between September 2014 and October 2019, the five operated an international procurement network of front companies that existed to acquire US-origin goods for the Advanced Engineering Research Organisation (AERO) and the Pakistan Atomic Energy Commission (PAEC). They exported US-made goods to the two Pakistani entities.
Cheaper loans for exporters in the works
The commerce department has proposed giving rupee credit to exporters at around 7.5% rate of interes...
India's exports decline for fifth straight month in December, trade deficit narrows
Merchandise exports fell to $27.36 billion in December co...
upGrad, BridgeLabz roll out development programme for engineering talent
This partnership with BridgeLabz is aimed at reaching out to a larger number of engineers across the country, helping them harness their full potential with robust, dynamic skill sets.
Nikkei closes at 1-month high as hopes of global demand boost exporters
The Nikkei 225 Index closed 0.45 per cent firmer at 24,041.26. I=
Air India on block but Boeing 747’s VVIP duty continues
The government has almost finalised bid documents for the privatisation of Air India.
Exports shrink 1.8% in Dec, fifth month of fall
India's exports declined 1.8% in December to $27.36 billion, on the back of currency volatility and fluctuation in commodities prices coupled with the sluggish global economy.
Pakistan caught again in nuclear smuggling activity
According to the US Justice Department, the five men, based in Canada, Hong Kong, and UK, “operated an international procurement network of front companies that existed to acquire US-origin goods for AERO) and PAEC, and to cause those goods to be exported from the United States to the entities without export licenses in violation of federals law.”
Apparel, made-ups exports get 1% ad hoc sop
The textile ministry has announced a special one-time additional ad hoc incentive of up to 1% of free on board (FoB) value for exports of apparel and made-ups.
Air India unable to move engine due to Rs 100 crore GST dues
The airline hopes to pay the GST dues on Thursday, along with salary to employees. “We have raised the cash to pay for these things from our ticket sales. Hopefully, we will be able to send the engine to Vadodara once some GST dues are paid on Thursday, and then we raise the e-way bill required for that shipment,” said the official.
Full emergency on Pune-Jaipur IndiGo flight, plane diverted to Mumbai after engine snag
High vibrations on yet another unmodified Pratt & Whitney (PW) engine forced an IndiGo Airbus A320 Neo flying from Pune to Jaipur to divert ...
DGCA extends deadline to replace Neo engines
In a major relief to IndiGo, aviation regulator DGCA has extended the deadline to replace the Pratt and Whitney (PW) engines of the airline'...
High duty on non-categorised imports: Piyush Goyal
Commerce and industry minister Piyush Goyal has warned against imports under the 'others' category and said that within a month, high duty will be imposed on all products categorised as 'others' if they are not carry the specific globally-accepted tariff code.
Techchefs to expand to US, Singapore
Singapore is rated as the second-best country to conduct business globally and as one of the most competitive places to do business, along with being a top startup hub, which is why the company was setting up an office there.
Trade deal hopes may aid diamond exports
Cut and polished diamond exports in December 2019 declined by 3.92 per cent to Rs. 8926.58 crore.
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