trade disruption

Ludhiana, April 9 The country's merchandise exports are expected to decline by 2-3 per cent in 2025-26 due to global economic uncertainties, exacerbated by the West Asia crisis, according to FIEO.Federation of Indian Export Organisations (FIEO) President S C Ralhan said that the crisis may...

New Delhi, April 1 The government has announced a one-time special relief measure in the form of certain duty benefits for special economic zones (SEZs), a move that would provide support to units in these enclaves amid global uncertainties.However, the exemption will only be available if the...

New Delhi, April 1 The government has extended fiscal benefits under the RoDTEP scheme for exporters by six months, until September 30, amid disruptions to global trade caused by the ongoing West Asia crisis.The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, launched in...

New Delhi, March 24 The government is closely monitoring the situation in West Asia and the Gulf region, including its impact on India's external trade, shipping routes, and logistics chains, Parliament was informed on Tuesday.In a written reply to the Lok Sabha, Minister of State for Commerce...

Washington, March 22: India’s economic momentum is facing a fresh challenge as the ongoing US-Israeli conflict with Iran disrupts its deep-rooted ties with the Gulf, a key pillar of trade, energy supplies, and remittances, according to a report in The New York Times.Just weeks ago, India...

Mumbai, March 19 Global shipping giant Hapag-Lloyd is in discussions with its partners to cover some of the additional costs, which have increased by USD 40-50 million per week amid the ongoing situation in the Middle East and disruptions in cargo movement, its CEO Rolf Habben Jensen has said...

New Delhi, March 19 The government launched the RELIEF (Resilience & Logistics Intervention for Export Facilitation) scheme on Thursday, with an outlay of ₹497 crore, to provide relief to Indian exporters facing disruptions due to the ongoing conflict in West Asia.Speaking at a press...

Vellore, March 19 – The century-old weekly cattle market in Poigai, near Vellore in Tamil Nadu, which attracts thousands of traders every Tuesday, has seen a sharp decline in activity following the enforcement of the Model Code of Conduct (MCC) for the upcoming Assembly elections.Located near...

New Delhi, March 18 – The conflict between Afghanistan and Pakistan is evolving into a regional destabilizer, posing a serious threat to the South Asian region with far-reaching consequences for security, trade, and the economy, further exacerbating the existing humanitarian crisis.The war has...

New Delhi, March 16 The Ministry of Commerce is expected to announce certain support measures to help exporters cope with the crisis in West Asia, Commerce Secretary Rajesh Agrawal said on Monday."Hopefully, within this week, we will provide you with a detailed briefing on the steps the...

Agra (UP), March 16 The ongoing conflict between the US and Israel, and Iran, has cast a shadow over Agra's marble handicrafts industry, which is renowned for its Pachikari artwork, and traders say is on the verge of grinding to a halt.Artisans say that demand has dwindled due to geopolitical...

New Delhi, March 13 The Ministry of Commerce is working to provide insurance support to exporters to help them cope with the ongoing West Asia crisis, an official said on Friday.An inter-ministerial group is monitoring developments on a daily basis and interacting with exporters."There is...

Mumbai, March 9 Jawaharlal Nehru Port said on Monday that the number of stranded containers at the facility has been reduced from around 5,000 TEUs on March 1 to nearly 3,200 TEUs on March 8, following sustained coordinated efforts taken in the face of disruptions due to the West Asia crisis...

New Delhi, March 7 India's agricultural and food product exports worth USD 11.8 billion to West Asia are at risk as the conflict in the region is disrupting shipping routes, raising insurance costs, and creating uncertainty in logistics, think tank GTRI said on Saturday.In 2025, India exported...

March 07, New Delhi: India's Minister of Trade and Commerce, Piyush Goyal, stated on Friday that the newly formed Inter-Ministerial Group has been in regular contact with exporters amid tensions in the Middle East that have disrupted trade and shipping routes.Speaking to the media, the...

New Delhi, March 2 India's imports of edible sunflower oil and key fertilizer inputs are facing disruption due to the escalating US-Iran conflict, while exports of agricultural commodities to the Middle East and Europe could also be affected, industry bodies said on Monday.Shipping companies...

New Delhi, March 1 The Ministry of Commerce has convened a meeting of exporters, shipping lines, freight forwarders, and officials from other ministries on Monday to assess the impact of escalating tensions in the Middle East region on India's trade.The US and Israel jointly launched military...

Rising tensions in the Middle East, following attacks by the US and Israel on Iran, are expected to disrupt trade flows, increase freight and insurance costs, delay cargo shipments, and drive up global oil prices, thereby increasing India's import bill, according to experts.While India's trade...

New Delhi, February 28 With a joint attack by the US and Israel on Iran triggering a major military confrontation in the Middle East, Indian exporters said on Saturday that this development is expected to increase transportation and insurance costs, potentially disrupting shipments to the US and...

New Delhi, February 21 Congress leader P Chidambaram accused US President Donald Trump on Saturday of "weaponizing tariffs" and said the move must be condemned.In a post on X, the former finance minister said he was not surprised that Trump was "desperately searching" for ways to reimpose...