Day: October 22, 2023

Oct 22

How Sluggish Inflation is Damaging International Trade: Uncovering the Core Reasons?

Inflation, the rise in the prices of goods and services over time, is a vital economic indicator that significantly impacts various facets of a country’s economy. While moderate inflation is often seen as a sign of a healthy economy, sluggish or persistently low inflation can have far-reaching consequences. In this article, we will delve into the subject of how sluggish inflation can damage international trade, shedding light on the core reasons behind this phenomenon. I. The Role of Inflation in Read Full Details…

Oct 22

Ministry of E & IT & Directorate General of Foreign Trade launches online import management system

The Ministry of Electronics and Information Technology and the Directorate General of Foreign Trade launched an online import management system for the issuance of authorization for the import of Information Technology hardware. Briefing the media about the online portal, Electronics and Information Technology Secretary, S. Krishnan said that the portal developed in collaboration with the Department of Revenue is an end-to-end online system introduced to make import authorization seamless, faceless, paperless, and contactless. Laptops, tablets, personal computers, and servers will Read Full Details…

ndian govt extends restriction on sugar exports beyond Oct 31
Oct 22

Indian govt extends restriction on sugar exports beyond Oct 31

Directorate General of Foreign Trade (DGFT) on Wednesday announced that the restriction on export of all varieties of sugar has been extended beyond October 31, according to the notification. “This restriction is not applicable to sugar being exported to EU and USA under CXL and TRQ quota as per prescribed procedure in the respective public notices,” said the notification. India, the world’s second-largest sugar exporter last year had placed sugar in a restricted category until October 31, 2023 ‘to prevent Read Full Details…