Ashwani Kumar Elected as New President of FIEO The Federation of Indian Export Organisations (FIEO) has recently appointed Ashwani Kumar as its new President. Kumar, a seasoned professional with extensive experience in international trade and commerce, assumes this prestigious position with a vision to further bolster India’s export sector. His appointment comes at a crucial…
International Customs Day 2024: Date, History, Theme, and Significance The field of customs plays a pivotal role in the global trade landscape, ensuring the smooth flow of goods across borders. As aspirants gearing up for various government exams, including those for teaching, police services, banking, railways, defense, and civil services like PSCS to IAS, staying…
Senthil Pandian C Appointed as India’s WTO Ambassador India has recently appointed Senthil Pandian C as its Ambassador to the World Trade Organization (WTO), marking a significant development in the country’s representation on the global trade stage. Senthil Pandian C, an experienced diplomat with a proven track record, is set to take charge at a…
PM Modi Inaugurates Vibrant Gujarat Global Trade Show in Gandhinagar Prime Minister Narendra Modi inaugurated the Vibrant Gujarat Global Trade Show in Gandhinagar, marking a significant milestone in the state’s efforts to bolster international trade and investment. The event, known for its prominence in showcasing Gujarat’s economic prowess, commenced with fervor and enthusiasm. In his…
PLI and FTAs to Give Fillip to Manmade Fibre Textile Exports The Indian government’s recent initiatives focusing on the Production Linked Incentive (PLI) scheme and Free Trade Agreements (FTAs) have set the stage for a substantial boost in the export of manmade fibre textiles. This strategic move aims to fortify the nation’s position in the…
India-Bound Ship Hijacked by Yemen’s Houthi Rebels in Red Sea The recent hijacking of an India-bound ship by Yemen’s Houthi rebels in the Red Sea has sparked concerns globally. The vessel, carrying crucial cargo, was en route to India but was intercepted and commandeered by the rebels. This alarming incident has raised security apprehensions and…
DGFT Forecasts Explosive Growth in Indian E-commerce Exports, Aiming for $200 Billion in 6-7 Years The Directorate General of Foreign Trade (DGFT) has recently projected a monumental surge in India’s e-commerce exports, setting an ambitious target of reaching $200 billion within the next 6-7 years. This revelation comes as a testament to the expanding landscape…
Positive Trends in India’s Exports During April-October 2023: Netherlands, UK, and Australia are Key Drivers India’s export sector has exhibited remarkable growth during the period from April to October 2023, showcasing encouraging trends and significant advancements. The country’s export performance, particularly in key markets like the Netherlands, UK, and Australia, has emerged as a substantial…
Understanding the Renminbi: China’s Currency Dynamics China’s currency, the Renminbi (RMB), has been a topic of growing significance in global economic discussions. As students preparing for government exams, especially those aspiring to roles in banking, civil services, and international relations, it becomes imperative to comprehend the intricacies of China’s currency system. The Renminbi, abbreviated as…
Indian Government Grants Approval for Non-Basmati Rice Exports The Indian government has recently granted its approval for the export of non-basmati rice, marking a significant development in the country’s agricultural sector. This decision holds immense importance, not only for the agricultural industry but also for the broader Indian economy. Why this News is important: Enhancing…
