Sunday, October 18
India's aviation security regulator on Thursday revoked the security clearance of an Indian arm of Turkish airport ground handling major Celebi Aviation Holding with immediate effect, saying the move was in the interest of "national security".The government's decision follows reports that the Pakistani army used Turkish drones against India in the conflict last week."In the exercise of power conferred upon BCAS (Bureau of Civil Aviation Security) on Thursday, the security clearance in r/o Celebi Airport Services India Pvt Ltd is hereby revoked with immediate effect in the interest of national security. This issues with the approval of DG, BCAS," said BCAS in an order issued on Thursday, which was reviewed by ET.Also Read: Indians boycott Turkey, Azerbaijan for backing Pakistan after Operat
India’s merchandise exports in the fiscal year 2024-25 were significantly bolstered by agriculture, pharmaceuticals, electronics, and engineering goods, which collectively contributed over 50 percent of the total, govt data released on May 16 showed.The new data is being seen as a clear pointer to the success of the govt's ongoing efforts to widen the country's exports basket and boost manufacturing and increase value-added exports.The engineering goods sector emerged as the most significant contributor, accounting for 26.67 percent of India’s total exports, which amounted to USD 437.42 billion in 2024-25. Meanwhile, agriculture, pharmaceuticals, and electronics made up 11.85 percent, 6.96 percent, and 8.82 percent, respectively.Notably, the electronic goods sector achieved the highest
New Delhi: The government is considering a proposal to reintroduce interest subsidy on credit to exporters-especially the micro, small and medium enterprises (MSMEs)-under the proposed Export Promotion Mission to help bolster their competitiveness amid global tariff uncertainties, senior officials said.In December 2024, the government had stopped an interest equalisation scheme, under which eligible exporters were getting rupee export credit at subsidised rates, prompting MSME exporters to seek cheaper loans amid global headwinds. The latest proposal is aimed at making the interest aid "more targeted and focused", one of the officials said.The commerce department has informed its expenditure counterpart that competing at the global level without assistance would be extremely difficult for
