US sanctions on Iran may impact Indian exports

With the new US sanctions against Iran set to that came into effect from 7th August, the fate of India’s rice and tea exports may now depend on the possible exemption of food and medicines from the sanctions and the agreement on oil imports reached between New Delhi and Tehran. “We are keen to study
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A collision incident has been reported to the Directorate-General of Shipping, under the Ministry of Shipping, involving a fishing boat OCEANIC, registered in Kerala, and an unknown merchant vessel. The date, time and position of the casualty were reported as August 7, 2018, 03:30 am (IST) and 10 deg. 24 mins N, 075 deg. 38
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Buying interest from India for Australian 5,500 kcal/k NAR thermal coal was minimal, after bids from China slumped to levels in the low $60s/mt FOB, market sources said Friday. “Buyers [are] on the sidelines as prices continue to fall,” one market source said Friday, commenting on the state of China’s seaborne market, and adding he
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The Union Cabinet, chaired by the Prime Minister, has approved the first extension of Concessional Financing Scheme (CFS) to support Indian entities bidding for strategically important infrastructure projects abroad. Details Under the CFS, the government of India has been supporting Indian entities bidding for strategically important infrastructure projects abroad since 2015-16. Since the objectives of
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After the US sanctions against buyers of Iranian crude come into effect in November, Iran has reportedly decided to start providing ships and insurance cover to Indian buyers importing its crude. The US, which in May pulled out of a landmark nuclear deal and said sanctions will be re-imposed on Iran within 180 days, has
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MUMBAI: The hike in anti-dumping duty on Indian shrimp exports to US in the final review by the US Department of Commerce (USDoC) is unlikely to have a material impact on Indian exports, says rating agency ICRA. India was the largest exporter of frozen shrimp to the US in 2017 with 32% share after some
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NEW DELHI: India’s trade deficit widened to its highest in more than five years in June, the Commerce Ministry said, driven largely by a surge in oil prices and a weaker rupee. Though merchandise exports rose 17.57 percent year-on-year in June, the trade deficit widened to $16.6 billion from $14.62 billion in May. Oil imports
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MUMBAI: Indian Register of Shipping (IRClass), a leading International classification society has started issuing electronic certificates for all its classed vessels. Recognising the importance of digitalisation, these e-Certificates are in accordance with International Maritime Organization (IMO) guidelines for the use of e-Certificates (FAL.5-Circ.39-Rev2) dated April 2016 and, are available on the IRClass website through a
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NEW DELHI: India could export soya bean, groundnut and oilmeals to China if the US-China trade war persists. With Beijing raising duties on American oilmeals, Delhi is hopeful of using this price advantage to its favour, officials said. “If this situation persists for a few days, this tariff imposition will give us a window of
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RAJKOT: Under the guidance of Shri Piyush Goyal, Minister of Finance, Corporate Affairs, Railways and Coal, in order to capture the lost traffic through new delivery model for domestic cargo, Indian Railways has introduced Double Stack Dwarf Container Services. This freight train was flagged off on 7th July, 2018 from Western Railway’s Rajkot railway station
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