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In a communication to export promotion body APEDA, the Union Commerce Ministry has said "it has been decided to revise the price limit for registration of contract for export of basmati rice from USD 1,200 per tonne to USD 950 per tonne."
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The government has made some changes in the licensing norms to import IT hardware products like laptops and computers. It has put in place an online system for importers of these goods.
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The amendment also mandates reporting entities, that are part of a group, to implement measures against money laundering and terror financing
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Hopes of signing a free trade agreement (FTA) between India and UK before the scheduled Cricket World Cup match between the two nations on 29th october, have dimmed. This was reported in a British news publication, 'The Financial Times.'
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Most of such firms, which largely remain non-compliant with Indian regulations, aggressively promote their illegal site via social media channels. This comes after the government instructed all major OTT platforms to not allow these sites to advertise with them.
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UPI transactions have crossed the 10 billion mark in both August and September. The number of transactions this financial year has witnessed a steady increase.
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The government has granted an extension to the State Bank of India chairman Dinesh Khara till August 2024, according to media reports. The approval comes ahead of the end of his three-year tenure on October 6, 2023. As per the Appointments Committee of the Cabinet (ACC) order, an SBI chairman can hold the post until […]
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To deal with hoarding and curb speculation in the sugar market, the government has issued orders to mandatorily disclose the sugar stock position on the portal of the Department of Food and Public Distribution every Monday
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The central bank has sought comments on the new draft master direction that proposes to expand the scope for lenders which can classify borrowers as wilful defaulters, and refine the identification process
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The need for licensing and quota for import of laptop computers, tabs, personal computers and servers was announced on August 3