The Union Cabinet is expected to approve a Rs 37,500 crore incentive scheme to promote coal gasification projects aimed at boosting clean energy production and reducing import dependence. The Coal Ministry has prepared a Cabinet note with the financial outlay, marking a significant expansion from the Rs 8,500 crore programme approved in January 2024. The...Read More

istock.com/scyther5 | Photo Credit: scyther5 India’s services exports have emerged as a key pillar of external sector resilience, according to the Finance Ministry’s April Monthly Economic Review, with robust growth helping cushion widening merchandise trade pressures. The report underlined that “services exports continue to provide thrust to the country’s total exports,” reflecting sustained global demand...Read More

In the corresponding period of ****, imports totalled **,***.* million rand. South Africa remains structurally dependent on imported textiles and apparel, sourcing heavily from low-cost Asian supply chains, particularly China, India, Bangladesh, Pakistan, and Vietnam, due to limited cost competitiveness, scale constraints, ageing machinery, and persistent manufacturing bottlenecks in its domestic textile and apparel industry....Read More

WASHINGTON, D..C. (RFD NEWS) — Corn led the latest weekly export sales report, while soybean sales softened and cotton shipments stayed active. USDA said buyers booked about 62.9 million bushels of old-crop corn during the week ending April 23, up 21 percent from the previous week, while corn exports reached 63.4 million bushels. Soybean sales...Read More

Afghanistan’s domestic oil production is steadily increasing under the Islamic Emirate’s initiatives, marking a significant step toward reducing the country’s heavy dependence on imported fuel. According to official data, locally produced oil currently accounts for 15.7 percent of Afghanistan’s total oil consumption. However, new extraction programs are expected to boost this share substantially...Read More

Iraq can restore its oil output and exports to normal levels within seven days after the Strait of Hormuz crisis comes to an end, Deputy Oil Minister Basim Mohammed said on Saturday, according to Reuters. The Iraqi official said the country would be able to bring production and export operations back to normal within a...Read More

Govt warns against fake livestock import permit circulating online DHAKA, May 2, 2026 (BSS) – The Ministry of Fisheries and Livestock today warned against a fake livestock import permit being circulated online in the name of the Department of Livestock Services (DLS). The Ministry issued the warning in a press release today, saying a purported...Read More

The Madras High Court has held that an importer cannot escape penal consequences for misdeclaration merely by opting to re-export the goods and clarified that penalties, confiscation, duty demand, and redemption fine operate independently and can be imposed simultaneously in appropriate cases. The bench of Justice G. Jayachandran and Justice Shamim Ahmed reversed the CESTAT’s...Read More

The Kenya Sugar Board (KSB) has pushed back against concerns that imported industrial sugar is being diverted into the local retail market, insisting that all such consignments are raw materials destined for manufacturing and are subject to close multi-agency oversight, Eastleigh Voice reported. The clarification was made during an oversight session with the National Assembly...Read More

A man can be seen off-loading sugar backs from a truck. —AFP/File LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has said that the export of surplus sugar will reduce Pakistan’s trade deficit. Speaking at the chamber, President LCCI Faheemur Rehman Sehgal said that this is a food security issue. He supported the sugar...Read More