Page 46 - Trade

UCO Bank becomes first lender to get RBI's approval for rupee trade

Many banks in India are planning to open such special vostro accounts for settling trade transactions with other nations

Sebi working on new ASBA-like payment system for secondary trades: Buch

Sebi's planned move could upend Rs 30,000-crore broking industry

G7 nations to take tougher stance on trade with China: German official

The Group of Seven major economies have agreed to take a tougher, more coordinated stance toward China when it comes to trade, Germany's economy minister said Thursday. After a two-day meeting with fellow G-7 officials, Minister for Economic Affairs and Climate Protection Robert Habeck told reporters that discussions about China were part of an effort to ensure high international trade standards and to prevent Beijing from using its economic might to steamroll other nations. The naivety toward China is over, Habeck said, referring to Germany's own position on China. The time when one said Trade, no matter what,' regardless of the social or humanitarian standards, ... is something we shouldn't allow ourselves anymore. He said Germany would work to persuade the European Union to establish a more robust trade policy toward China and respond as Europeans to the coercive measures that China takes to protect its economy. The other partner countries will do exactly the same, Habeck said,

India's trade with Russia in rupees to start soon, says FIEO's President

Indian companies are already swapping out dollars and euros for Asian currencies to settle trades to avoid Western sanctions on Russia

India opts out of trade talks with a US-led group of Asian nations

Known as IPEF, the initiative is an effort by President Joe Biden's administration to deepen ties with Asian nations through a range of issues including trade, climate change, supply chains and tax

CEPA: When it comes to trade with Bangladesh, India is far behind China

China accounted for 10.2 per cent of FDI investments in Bangladesh between 2014 and 2021, India's share was 3.9 per cent

RBI releases 'alert list' of 34 entities barred from forex trades

List not exhaustive, must not assume those not on it are authorised for such trades

NCVT MIS ITI Result 2022 released today; here's how to check your marks

The candidates can check and download NCVT MIS ITI scorecard on the official website- ncvtmis.gov.in

Pakistan to consult coalition partners on importing goods from India: FM

Pakistan's Finance Minister Miftah Ismail said on Wednesday the government will consider importing goods from India after consulting its coalition partners and key stakeholders, as the cash-strapped nation seeks to stablise soaring food prices triggered by flash floods that have wrought havoc across the country. The idea to import edible goods from India was first floated by the finance minister on Monday, when the country's death toll crossed 1,100 and hundreds of thousands of people were displaced, and thousands of acres of crops were destroyed. More than one international agency has approached the govt to allow them to bring food items from India through the land border. The govt will take the decision to allow imports or not based on supply shortage position, after consulting its coalition partners & key stakeholders, Ismail said in a tweet. Meanwhile, Pakistan has decided to import onions and tomatoes from Iran and Afghanistan in the wake of an impending food crisis triggered

Goyal reviews ongoing FTAs; deliberates ways to fast track negotiations

India is currently negotiating trade deals with developed nations such as the United Kingdom (UK), Canada and the European Union (EU).

Will consider importing vegetables, other edible items from India: Pakistan

It looks to import vegetables and other essential food items amid devastating floods

Globalisation shocks that could help India

The long-term consequences of the shocks could be very serious for China

India topped list of trade-related concerns at WTO in 2021 with 35% share

Issues were raised about India's-policy on tyres, import curbs on ACs, quality norms for copier paper and caustic soda, GM-free certification for imported food items, among other things

Kolkata port to undertake trial runs for cargo movement using B'desh ports

The Kolkata port will undertake four trial runs before the implementation of an agreement on the use of neighbouring Bangladesh's Chittagong and Mongla ports by India for trade, an official said

India got highest aid for trade from developed countries in 2020

The total disbursement during 2020 was $48.7 billion, which translates to India getting 4 per cent of the disbursements

Trade settlement in rupee: Banks seek clarity on fund repatriation

Banks also raised the question to the RBI as to why the surplus balances in Vostro accounts could only be invested in government securities and not corporate debt

Share of dollar, euro in Indian trade payments up 30% since 1990s: IMF data

Research shows effect of dollar fluctuations on bilateral trade; RBI mechanism to pay in Indian rupees may help settle trade with Russia and Sri Lanka, remove risks of dealing in greenback

RBI allows settlement in rupee to settle trade with Russia, Sri Lanka

Exchange rate of two trading partners may be market determined, says central bank

Sebi permits FPIs to deal in exchange-traded commodity derivatives

The regulator has also prescribed a working group to examine whether measures towards any additional risk management are required to be prescribed for FPIs

Adani, LG among 15 firms chosen by DPIIT for round-2 of white goods PLI

Rs 1,368 cr committed for manufacturing ACs and LED light components; Total production pegged at Rs 25,583 crore over five years, with 4,000 direct job opportunities