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Russia is ready to export grain if the West lifts bans

June 30, 2022 Vinayak Barot

New Delhi: Russian Foreign Ministry Spokeswoman Maria Zakharova on Wednesday said, “Russia is not preventing the export of grain from the territory of Ukraine and is ready to export tens of millions of tonnes of its own grain if the West stops blocking food supplies.” According to her, if the West is worried about the onset […]

Business

Easy Trade Between India-EU to Help Open Doors for Several Domestic Sectors

June 21, 2022 Vinayak Barot

New Delhi: Minister of Commerce and Industry Ministry – Piyush Goyal on Monday said, “The proposed free trade agreement with the European Union, when implemented, will provide greater market access for several domestic sectors such as textiles, leather, and sports goods in the EU market,” Minister Goyal told reporters that, “the EU is a large […]

English

Russia must comply with international standards, rules of the trade: official

June 20, 2022 Vinayak Barot

New Delhi: Russia must comply with rules of international trade and international standards, including technical, food, and other ones, Russian Accounts Chamber chairman Alexey Kurdin believes. “Russia must retain its adherents to the basic institutions of the market; the globalization has not gone anywhere, although many have started talking about island economies, and technological powers. I […]

Russia’s Foreign Minister Lavrov interviewed at 2022 St Petersburg International Economic Forum

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US weapons supplies to Kyiv won’t force Russia to comply with Washington’s rules

June 20, 2022 Vinayak Barot

New Delhi: By supplying arms to Ukraine, the United States will not be able to deprive Russia of the right to its own voice in international affairs and force it to comply with the rules invented by Washington, Russian Foreign Minister Sergey Lavrov said in an interview with the media on Sunday. When asked about what […]

Business

After a 9-year lull, India and EU re-launch negotiations for India-EU Free Trade Agreement

June 18, 2022 Vinayak Barot

New Delhi: In a joint event held at the Headquarters of the European Union (EU) in Brussels yesterday, Union Minister for Commerce and Industry, Consumer Affairs and Food & Public Distribution and Textiles, Piyush Goyal, and Valdis Dombrovskis, Executive Vice-President of European Commission formally re-launched the India-EU Free Trade Agreement (FTA) negotiations. Besides, Negotiations were also […]

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One District One Product will give Impetus to the Handicraft Sector

June 15, 2022 Vinayak Barot

New Delhi: One District One Product (ODOP) will give impetus to the handicraft sector as well as the artisans, said Minister of State for Textiles, Darshana Vikram Jardosh while inaugurating the “The Lota Shop”, at National Crafts Museum on June 14. She reiterated the significance of museums stating that there’s huge potential for them to attract […]

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Business

Trade: India’s merchandise exports likely to be at USD 117.2 bn in Q1 FY23

June 14, 2022 Vinayak Barot

New Delhi: In the middle of rising export of the nation, The India Exim Bank has predicted that the merchandise export of the country in Q1 of FY23 may be USD 117.2 billion. “The total merchandise exports stood at USD 95.5 billion in the corresponding quarter of the previous year,” the statement released by the Bank […]

Business

Russia won’t leave the global food market

June 13, 2022 Vinayak Barot

New Delhi: Russia, a major global food exporter, doesn’t plan to leave the market, Deputy Economic Development Minister Vladimir Ilyichev told the media in an interview. Ilyichev leads the Russian delegation at the 12th ministerial conference of the World Trade Organization that opened in Geneva on Sunday. Causes of the food crisis “As a major supplier […]

Business

Japan bans exports of trucks, dump trucks, and bulldozers to Russia

June 10, 2022 Vinayak Barot

New Delhi: As a part of its new package of anti-Russian sanctions, Japan will prohibit exports of trucks, dump trucks, and bulldozers to Russia, Japanese Minister of Economy, Trade and Industry Koichi Hagiuda told reporters on Friday. “In accordance with the cabinet of ministers’ June 7 decision to prohibit exporting to Russia goods that contribute to […]

Russian Foreign Minister Sergei Lavrov visits Turkey

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Conditions for Putin-Zelensky talks, grain exports: Lavrov

June 9, 2022 Vinayak Barot

New Delhi: Russia will not use the demining of Ukrainian ports for military purposes and agrees “in one way or another” to formalize appropriate guarantees, Russian Foreign Minister Sergey Lavrov said on Wednesday at a press conference following talks with his Turkish counterpart Mevlut Cavusoglu. According to the minister, Moscow is ready to discuss with Kyiv […]