Govt Reworking Chabahar Deal, A High Level Iranian Delegation Recently Visited India

NEW DELHI: The looming US sanctions on Iran has put the deal for Chabahar Port between India and Iran on the fast-track. The two countries are working on amending the clause that mandates activation of the deal after receiving funding from India. Recently a high level Iranian delegation visited India to discuss issues related to
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NEW DELHI: Exporters have asked the Government to organise the fourth tranche of its special refund fortnight to clear all the dues under the Goods & Services Tax (GST) regime as the pending claims were affecting their cash flow and competitiveness in the global market. “Refund of IGST (Integrated GST) worth Rs. 8,000 crore and
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CHENNAI: NTC Institute of Driver Training & Research, Namakkal along Government of India’s Rural Development Ministry organised a driver licence distribution ceremony (LMV with PSV badge) on October 8, 2018. Nearly 60 beneficiaries were handed over the licences. The training for drivers was held under the aegis of NTC’s Institute under the Mahatma Gandhi National
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Besides announcing a number of measures to shore up the rupee and control the current account deficit (CAD), the government has indicated that it may soon curb non-essential imports. Some of the steps announced following a recent meeting chaired by the Prime Minister to review the state of the economy include scrapping withholding tax on
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WASHINGTON: The US Government’s development Finance Institution OPIC is keen to invest in the development of India’s infrastructure and port sectors, a top US official said recently. Overseas Private Investment Corporation (OPIC) Executive Vice-President David Bohigian, who is visiting India, further said that India is a clearly the anchor of US Government’s Indo-Pacific strategy. OPIC
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The government has taken control of the debt-laden Infrastructure Leasing & Financial Services (IL&FS). It has suspended the existing board and constituted a new six-member board led by Mr Uday Kotak, MD of Kotak Mahindra Bank. Dr Malini Shankar, Director-General of Shipping, is also a member of the new board, it is learnt.

The South Korean government is planning to build smart shipyards equipped with artificial intelligence (AI) technology to secure the cost competitiveness of the Korean shipbuilding industry. The plan comes after President Moon Jae-in announced during his visit to Geoje on September 14 that the government would promote the shipbuilding industry. According to the Ministry of
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India raised import duty on a range of items as Government seeks to rein in the current account deficit and shore up the rupee. The move follows an announcement to this effect by Finance Minister Arun Jaitley earlier this month after a meeting with Prime Minister Narendra Modi in the wake of the slump in
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NEW DELHI: Northeast States of India has welcomed the Bangladeshi Government’s decision to enable the neighbouring Country to use Chittagong’s and Mongla’s Ports to move goods to and from India. Finance Ministers of both Tripura and Assam have said that opening up the ports will strengthen the connectivity of the Northeastern States, as the ports
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The Bangladesh cabinet has approved a draft agreement to allow India to use the Chittagong and Mongla ports to transport cargo to its north-eastern states. The decision came at a cabinet meeting at the Prime Minister’s office, which was presided over by the Prime Minister, Sheikh Hasina. Briefing reporters after the meeting, the Cabinet Secretary,
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