Gujarat HC orders release of SW South Wind I after pact with exporting firm
The Gujarat High Court on Friday ordered the release of merchant vessel SW South Wind I following a settlement between the vessel’s sub-charterer and MEIR Commodities India Limited. Justice Aniruddha P Mayee passed an oral order after the sub-charterer of the vessel agreed to pay MEIR Commodities claim of $250,984
Cash transactions decline rapidly in India as digital payments surge: RBI economist, ETCFO
New Delhi, In the last three years, digital transactions have surged in such a fashion in India that cash usage, which still accounts for 60 per cent of consumer expenditure (as of March 2024) is rapidly declining, according to a paper by the Reserve Bank of India (RBI) economist. Pradip
Maharashtra, Rajasthan, Gujarat lead the millet march, others lag behind
Maharashtra leads the way in millet consumption in the country with a per capita consumption of 39 kg per month, followed by Rajasthan (33 kg), Gujarat (17 kg), Karnataka (13.5 kg) and Tamil Nadu with 11.4 kg. On the other hand, States like Uttarakhand, Chhattisgarh, Arunachal Pradesh, and Telangana show
RBI Governor Shaktikanta Das, ETCFO
India cannot risk another bout of inflation and the best approach would be to remain flexible and wait for more evidence of inflation aligning durably with the target, Reserve Bank Governor Shaktikanta Das observed in the last meeting of MPC while also noting that the Indian economy presents a picture
ONDC set to launch its own buyer app, DigiHaat to widen seller participation from diverse sectors
In a strategic, the Open Network for Digital Commerce (ONDC) has decided to launch its own buyer app “DigiHaat” through a new 100 per cent subsidiary Nimrit Bharat to ensure wider participation sellers from diverse segments. It said it that the buyer app will give special focus for onboarding small
Government unveils guidelines for seaweed imports to boost coastal economy
The Ministry of Fisheries announced new guidelines for live seaweed imports on Friday, aiming to address seed shortages in its growing seaweed industry and boost coastal economies. The regulatory framework, which includes strict quarantine procedures and biosecurity measures, will allow importers to bring high-quality seaweed germplasm into the country following
India, ASEAN can work on regional policy framework for green energy transition: CERC member, ETCFO
India and ASEAN can work together to create a regional policy framework for green energy transition with increasing usage of small modular nuclear reactors, a senior official of Indian power sector regulator CERC has said. According to Harish Dudani, Member, Central Electricity Regulatory Commission (CERC), the ASEAN (Association of Southeast
40% see exports declining this year: Survey, CFO News, ETCFO
A majority of exporters have identified high interest rates as a key stumbling block with three-fourths saying they borrow at over 12 per cent , and that too, after giving collaterals. In a survey conducted by the Federation of Indian Export Organisations and shared with TOI, 40 per cent said
Freebie economics weakens state finances, CFO News, ETCFO
Greetings for the festive season. I am sure you must be excited to celebrate Diwali with your loved ones. Some of you must be looking at air tickets or train berth confirmations and many of you must have planned your weekend just for shopping and decorations. Like many offices in
Boeing Union Workers Reject Contract
The vote, hours after Boeing reported a $6.1 billion loss, will extend a monthlong strike at factories where the company makes its best-selling commercial plane. Source link