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FIEO CONCERNS ON IRAN
US-Iran peace deal may help boost India's exports, stabilise rupeeA peace deal between the US and Iran is set to reopen the Strait of Hormuz. This agreement is anticipated to significantly boost India's ex...- Exporters seek 6-month loan moratorium, higher credit as $66 billion West Asia trade faces disruptionWest Asia conflict: Indian exporters are requesting a six-month loan repayment pause and increased credit from the government and Reserve B...
- Exclusive| DG Shipping advisory to shipping lines: No predatory, opportunistic or non-transparent pricingIndia's Directorate General of Shipping will soon issue an advisory to shipping lines to curb predatory pricing and excessive surcharges im...
- India unfazed as US slaps 25% tariff on countries trading with IranTrump Tariffs India: US President Trump announced a 25% tariff on countries trading with Iran, aiming to pressure Tehran amidst anti-govern...
- US tariff on Iran partners to have minimal impact on India: Govt sourcesIndia's trade with Iran is minimal, representing a small fraction of its total commerce. Recent US tariff announcements targeting countries...
- Exporters suggest shifting shipments from Bandar Abbas port to Chabahar amid Iran-Israel conflictIndian exporters are considering moving cargo operations from Bandar Abbas to Chabahar port. This shift is due to the ongoing Iran-Israel c...
- Exporters' logistics costs may jump 20%India's exports are anticipated to face increased logistics costs, potentially rising by 15-20%, due to the ongoing Israel-Iran tensions. C...
- Dip in exports: FIEO seeks urgent steps on liquidity frontIndian exporters are urging the government for increased financial support as exports decline amidst global economic uncertainties and logi...
- West Asia war escalation may push logistics cost; disrupt, oil, electronics agri trade: ExportersThink tank Global Trade Research Initiative (GTRI) stated that the conflict is already hurting India's trade with countries like Israel, Jo...
- Merchandise exports likely to reach $500 bn in FY25, growth of labour intensive sectors a concern: FIEOFIEO also said that while meeting the ambitious target of $2 trillion exports by 2030, requiring a CAGR of 12.7%, is challenging, it is wit...
- Can Israel-Palestine war impact India’s Middle East Corridor plan? Ajay Sahai answers"The role of China and Russia will be very crucial. Iran's support is quite visible, the kind of statement which Iran has issued. And we kn...
- Indian Banks' Association, FIEO to organise sensitisation programmes on promoting rupee tradeThe move to open the special vostro account clears the deck for settlement of payments in rupee for trade between India and Russia, enablin...
- SBI says it's not a nodal bank for Russia-related transactionsThe country's largest lender, State Bank of India (SBI) on Thursday clarified that it has not been identified as a nodal bank for handling ...
- Several exporters get pending payments for shipments to Russia; remaining under works“DGFT had shared that information with Department of Financial Services (DFS). About 60 per cent of the exporters have received their payme...
- Exporters see payment hurdles for shipments to RussiaThe US along with its key allies, including the European Union and the UK, have decided to disconnect key sanctioned Russian banks from the...
- Exporters fret over surging freight rates, delays at portsMohit Agarwal, director at Asian Tea & Exports, said freight rates to places like Iran and Kazakhstan have gone up by $500-1,000 per contai...
- Further escalation in US-Iran tension may affect India's exports: FIEOIndia's exports to Iran in 2018-19 were worth $3.51 billion, while imports were valued at $13.52 billion.
- Flow of credit, caution listing, GST refunds a concern for exports: Industry tells govtFIEO President Ganesh Kumar Gupta said global trade has entered a tough phase in the second half of 2018
- Duty refund claims touch Rs 4,800 cr; impacting exports: FIEORaising concerns over raising duty refund claims, exporters said that this is impacting shipments and the government must clear the arrears...
- Finance Ministry asks public sector banks to restrict bulk deposits to 15 per centThe Finance Ministry has asked public sector banks not to accept bulk deposits beyond 15 per cent of total deposits to improve asset-liabil...
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