The portal is mobile responsive through which sellers can submit requests at their convenience and which is then funneled directly to the right department that handles the request without any manual intervention or re-keying of information.
India’s jobless rate fell to the lowest level in four months in July, adding to signs of a nascent recovery in the economy where sales tax collections and demand for some commodities have signaled a rebound. The unemployment rate dropped to 6.95% last month from 9.17% the previous month, according to latest data from private research firm Centre for Monitoring Indian Economy Pvt.
ONGC already has a preliminary agreement with US-based ExxonMobil for partnership in the exploration sector. ExxonMobil is currently studying Indian geological data to finalise exploration opportunities.
"The production for the 64 countries reporting to the World Steel Association (worldsteel) was 167.9 MT on June 2021, an 11.6 per cent increase compared to June 2020, " the global industry body said in its latest report.
“A glance at the FY21 data suggests that some of the major export destinations for India’s top 10 major commodities are also the regions which are expected to witness strong import growth in 2021,” the ratings agency said.
The industry registered a growth of 65% during January-June of 2021 compared to the previous year despite the second wave of Covid-19 impacting sales for a couple of months, said Deepak Shetty, managing director, JCB India.
The country's gross domestic product (GDP) growth is likely to be 8.8 to 9 per cent in the current financial year, driven by agriculture and industry sectors, Care Ratings said in a report.
Crude oil imports also fell to a 9-month low in June as refiners curtailed purchases amid higher fuel inventories due to low consumption and renewed lockdowns in the previous two months, data obtained from trade sources showed.
The forecasts are focused on the organized labor sector, which accounts for less than 20% of the workforce. Much of the informal labor isn’t captured in surveys.
Other luxury automakers in India have also lobbied the government in the past to lower taxes on imported cars but have had little success due to opposition from rivals with domestic operations.
The Directorate of Revenue Intelligence (Mumbai wing) seized a Nissan Patrol SUV worth around Rs 1 crore from Malakpet in connection with a luxury car smuggling racket using diplomatic privileges to evade customs duty. The vehicle was registered in Manipur in the name of a realtor from Malakpet.
A record bout of fundraising and a slew of upcoming startup IPOs has shifted focus to Indian technology startups even as investors are spooked by China’s crackdown on its own tech companies.
India's year-on-year engineering goods exports rose by 52.4 per cent during June 2021.
Recording growth for the seventh month in a row, India's exports rose by 48.34 per cent to $32.5 billion in June on account of healthy growth in shipments of petroleum products, gems and jewellery, and chemicals, even as trade deficit stood at $9.37 billion, according to the official data.
Subramanian said various reforms undertaken by the government in sectors such as agriculture, labour, export PLI scheme, change in MSME definition, creation of the bad bank, privatisation of public sector banks among others, are going to push growth.
According to a ‘Mood of the Consumer 2021’ survey conducted by LocalCircles, a community engagement forum, 47% of the respondents now expect uncertainty with respect to household budget planning to last six to 12 months.
The survey added that vaccination holds the key to mitigating the impact of the second wave on economic activity and boosting consumer sentiment.
The government is also working on an incentive scheme to promote manufacture and use of flex engines in vehicles. The details would be specified when policy in this regard is unveiled.
Interestingly, increasing women in blue-collar jobs by even a nominal 10 per cent has the potential to add $770 billion to Indian GDP by 2025-26.
Members can access these services including creating pickup requests, preparing shipments, and making online payments through a dedicated Aramex banner on the FIEO website.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Hemraj Chaturbhuj Asher | Unlock to View | Unlock to View | Director | 01 Apr,2016 |
| Manish Natwarlal Bhuptani | Unlock to View | Unlock to View | Director | 01 Apr,2016 |
| Dirk Stenkamp | Unlock to View | Unlock to View | Nominee director | 24 Jul,2013 |
| Ralf Gunter Jung | Unlock to View | Unlock to View | Nominee director | 15 Dec,2011 |
| Utsav Rasiklal Kapadia | Unlock to View | Unlock to View | Managing director | 22 Aug,2006 |
| Anil Shripad Rairikar | Unlock to View | Unlock to View | Managing director | 24 Feb,2006 |
| Aditya Premal Kapadia | Unlock to View | Unlock to View | Director | 14 Jun,2005 |
| Premal Narendra Kapadia | Unlock to View | Unlock to View | Director | 08 Aug,1989 |
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