Import/Export Industry Notifications
05 June 2020
FINEXTRA | DBS Bank India has introduced a completely digital and innovative payments solution in the Indian transportation and logistics sector
05 June 2020
DBS Bank India has introduced a completely digital and innovative payments solution in the Indian transportation and logistics sector. The bank has partnered with TCIL for empowering truck drivers by facilitating real-time payments through the DBS RAPID.
05 June 2020
INDIAN EXPRESS | The MRAI has moved the Supreme Court for implementation of government orders by shipping lines and CFS
05 June 2020
The MRAI has moved the Supreme Court for implementation of government orders, directing shipping lines and CFS to waive off detention charges, ground rent and demurrage during the lockdown period. Despite the government notification on the waiver, the CFS, the shipping lines and the ICDs have either partially or fully levying penalty on importers.
03 June 2020
THE HINDU | APSEZ, India's biggest private port operator, has signed up with TradeLens
03 June 2020
Adani Ports and Special Economic Zone Ltd (APSEZ), India's biggest private port operator, has signed up with TradeLens. It is a blockchain-based digital container logistics platform, jointly developed by A P Moller - Maersk and IBM.
03 June 2020
THE LOADSTAR| DP World has joined the blockchain Trade Lens platform
03 June 2020
DP World has joined the blockchain Trade Lens platform, developed by Maersk and IBM. It has outlined plans to connect its 82 terminals around the world, as well as its feeder companies and logistics divisions.
03 June 2020
HAPAG LLOYD | Notice that there will be incremental delays for import arrivals into Inland Container Depot (ICD) SONIPAT
03 June 2020
HAPAG LLYOD has issued a notice that there will be incremental delays for import arrivals into Inland Container Depot (ICD) SONIPAT, due to an exponential rise in import volumes and COVID 19 situation. Average Import dwell time at the port is about two weeks. Average transit time is between 5 to 15 days.
03 June 2020
THE WEEK | The Minimum Support Price (MSP) for 14 Kharif crops has been increased by 50-83 per cent
03 June 2020
As India enters the first day of ‘Unlock 1’, a meeting of the Union Cabinet was chaired by Prime Minister Narendra Modi. The Minimum Support Price (MSP) for 14 Kharif crops has been increased by 50-83 per cent to provide relief to farmers.
29 May 2020
NEW INDIAN EXPRESS | Government reduced the annual fishing ban days to 47 from the earlier 61 days.
29 May 2020
The Central government on Monday has reduced the annual fishing ban days to 47 from the earlier 61 days. The amendment in the period of uniform fishing ban is applicable only for the current year.
29 May 2020
BUSINESS TODAY | FIEO request Govt. of West Bengal for an early resumption of India-Bangladesh trade through land ports
29 May 2020
The FIEO has written to West Bengal Chief Minister, Mamata Banerjee, seeking her intervention for an early resumption of India-Bangladesh trade through land ports. The FIEO said that it is hurting the export-import community to a large extent. And, a sizeable chunk of that belongs to the MSME sector. Exporters have been witnessing cancellation of orders due to non-delivery of goods. And importers are seeking compensation for incurring losses at their end.
29 May 2020
MONEY CONTROL | India's exports contracted by a record of 60.28 per cent to $10.36 billion in April,
29 May 2020
According to government data, India's exports contracted by a record of 60.28 per cent to $10.36 billion in April, amid the coronavirus lockdown. Imports tumbled by 58.65 per cent to $17.12 billion in April from $41.4 billion in the same month last year.
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