India gears up to expand carbon-efficient coastal shipping services
Coastal shipping is a cost-effective and carbon-efficient mode of transport. Yet, India has not fully utilised its 7,500 km coastline and over 14,000 km of navigable inland waterways — water transport accounts for only 6.4 per cent of overall trade logistics. In contrast, waterways have 24 per cent share of trade
Why construction gear is less in demand
The $9.5-billion Indian construction equipment (CE) sector is likely to record muted sales growth in FY25 as the Lok Sabha elections held in May this year led to a delay in award of infrastructure projects, including road construction. Construction equipment sales comprises earthmoving (around 70 per cent), material handling (14
Mandi prices indicate higher production in soyabean, groundnut
The prices in agriculture market yards (mandis) in the last 30 days signal that the output of at least four Kharif crops – soyabean, groundnut, jowar, and niger may be higher than last year while there may be a fall in harvest of tur, urad, moong, sunflower and sesame. Production
Punjab & Sind Bank launches e-bank guarantee facility
Punjab & Sind Bank (PSB), a public sector bank, has launched e-Bank Guarantee (e-BG) facility in partnership with National e-Governance Services Ltd (NeSL). This new facility replaces paper-based BG issuance process with stamping and signatures. With secured transmission and enhanced transparency, beneficiaries are saved of efforts and time in verification
After Diwali and festivities, traders’ focus shifts to wedding season
After a successful Diwali season, traders across the country are now preparing for major business opportunities in the upcoming wedding season, set to begin with Dev Uthani Ekadashi on November 12 and continue until December 16. According to a study conducted by the Confederation of All India Traders (CAIT), the
IMF sees India driving growth in Asia-Pacific region, CFO News, ETCFO
New Delhi, India remains the world’s fastest-growing economy with investment and private consumption driving growth, according to the IMF’s latest Regional Economic Outlook for Asia-Pacific. The IMF, in its World Economic Outlook report released on October 2, had retained India’s gross domestic product (GDP) growth forecasts at a robust 7
India’s 7%+ FY25 growth target relies on robust investment, inflation control: EY report, ETCFO
NEW DELHI: Optimistic GDP growth projections for FY25 depend on strong government investment and effective inflation control for India to reach over 7 per cent growth, according to Ernst & Young (EY) report. Recent reports indicate a mixed outlook, with the Reserve Bank of India (RBI) maintaining a cautious stance
FPIs record unprecedented Rs 1.13 lakh crore sell-off in October, remain buyers in cash market, ETCFO
Marking the highest-ever monthly selling spree, the foreign portfolio investors (FPIs) in India offloaded a staggering Rs 1,13,858 crore through the exchanges in the month of October. However, they remained active buyers in the primary market for the month. As opposed to the huge sell-off in the secondary market, the
India’s 7%+ FY25 growth target relies on robust government investment, inflation control: EY report
Optimistic GDP growth projections for FY25 depend on strong government investment and effective inflation control for India to reach over 7 per cent growth, according to Ernst & Young (EY) report. Recent reports indicate a mixed outlook, with the Reserve Bank of India (RBI) maintaining a cautious stance on monetary
Manufacturing method of lab grown diamonds should be declared before export and import: CBIC
Central Board of Indirect Taxes & Customs (CBIC) has made it mandatory from December 1 to declare the method used for producing synthetic or reconstructed diamonds at the time of export or import. This will help in quick processing and inspection of consignment which in turn will facilitate the trade.