Day: January 9, 2023

India’s central bank governor has expressed concern over growing debt distress among regional trade partners and said he is alert to possible risks to his country’s economy from a global slowdown. Shaktikanta Das said in an interview with the Financial Times that he was optimistic about India’s growth and financial stability despite the deteriorating global economic outlook. The IMF expects recession to affect one-third of the global economy this year, it said recently. Analysts forecast that India will be a Read Full Details…

In 2022, Korea’s trade with India touched an all-time high at USD 27.8 bn while Japan lingers around USD 20 bn. Similar was the case last year, and previously too. The count of Korean companies in India is increasing fast whereas the number of Japanese companies remained stagnant in the past few years. ACN EXCLUSIVE: On their mission to look for an alternate turf beyond China to expand their trade and settle for years to come, Japan and South Korea Read Full Details…

New Delhi: Centre has allowed International Trade Settlements in Indian Rupees for Export Promotion Schemes under the Foreign Trade Policy. According to the Ministry of Commerce and Industry, the decision was taken to facilitate and ease international trade transactions in the rupee. Certain amendments have been made to the Foreign Trade Policy (FTP) and Handbook of Procedures to allow International Trade Settlement in rupees including, invoicing, payment, and settlement of exports and imports in rupees. While the move is seen Read Full Details…