Sunday, September 13
The government is working on measures to boost India's exports, including targeting 50 countries in regions such as the Middle East and Africa, amid the heavy tariffs imposed by the US on Indian goods, an official said on Monday. These 50 countries account for about 90 per cent of India's exports. The official said that the commerce ministry is working on four pillars including export diversification, import substitution, and export competitiveness "Detailed analysis is underway on these pillars. The ministry is working product by product," the official said. The commerce ministry was already focusing on 20 countries and now 30 more have now been included in the strategy. India's exports remained flat at USD 35.14 billion in June due to global economic uncertainties, while the trade defic
Parliament approved The Merchant Shipping Bill, 2025 on Monday paving the way for a modern, efficient and globally aligned maritime policy framework in India.The bill proposed to expand the eligibility criteria for ownership of merchant shipping vessels and provide for investigation and enquiries on marine casualties. It empowers the central government to take charge and detain vessels within India or in coastal waters as a vessel without nationality, if such vessel is not legally entitled to fly the flag of a state or has lost such a right.The bill seeks to repeal the Merchant Shipping Act, 1958 and provides for contemporaneous, futuristic and dynamic legislation to meet the requirements of India as an emerging economy."The Merchant Shipping Bill, 2025 — a progressive, future-ready legi
