Birgunj: A protest has erupted in Nepal’s Birgunj town, adjoining India, against the government directive to tax all sorts of items above NRS 100 being imported from India. The protest comes in the wake of the strict monitoring by the security agencies along the border points in the southern plains of Nepal, claimed to control...Read More

UK Export Finance (UKEF) has secured £128 million of support for two major export contracts supplying advanced submarine rescue vehicle systems (SRVS) to the Indonesian Navy. The twin deals will generate more than £67 million of value for the UK economy, with work led by Bristol-based Submarine Manufacturing and Products (SMP) and York-headquartered Forum Energy...Read More

Boosting Domestic Supply Amid High Import Costs India consumes roughly 800 tonnes of gold annually, making it the world’s second-largest buyer. Historically, this demand has been met through imports, straining foreign exchange reserves. In fiscal year 2025-26, gold imports hit a record $71.98 billion (721.03 tonnes), driven by high prices. The Jonnagiri project’s projected 1,000...Read More

In view of the evolving geopolitical situation in West Asia and its continuing impact on maritime logistics across West Asia and adjoining regions, the government has expanded the list of eligible destinations under the time-bound intervention RELIEF (Resilience & Logistics Intervention for Export Facilitation) under the Export Promotion Mission (EPM). With this expansion, Egypt and...Read More

Indian refiners have used Chinese yuan to settle payments for Iranian oil purchases made under a temporary US sanctions waiver, marking a shift in payment mechanisms amid geopolitical and financial constraints. The transactions were routed through ICICI Bank’s Shanghai branch, according to sources familiar with the development.  The purchases follow a 30-day waiver granted by...Read More

The wage debate comes against a backdrop of simmering worker unrest in Haryana and elsewhere Gurgaon: Industrialists from across the state urged the govt to review the recent 35% increase in minimum wages, calling it impractical amid current economic pressures.At a meeting in Udyog Vihar, participants said industries, especially MSMEs, were already under strain due...Read More