by TEXTILE VALUE CHAIN | Jun 27, 2023 | Finance & Economy, News & Insights
Global Currency Highlights: Dollar to weaken if incoming data remains soft and Fed rate hikes get priced out. Narrowing rate advantage over EUR and GBP to weigh on dollar. More rate hikes by ECB and BoE favour EUR and GBP upside. JPY to remain under pressure on rising...
by DIGITAL MEDIA EXECUTIVE | Jun 5, 2023 | Finance & Economy
According to the central bank’s (RBI) annual report, which was recently published, India’s growth momentum is anticipated to continue in fiscal 2023–24 (FY24) in an environment of easing inflationary pressures amid sound macroeconomic policies, softer...
by DIGITAL MEDIA EXECUTIVE | May 27, 2023 | E-commerce
An innovative commodity traceability system has been developed using AI technology, according to Liza, a well-known community e-commerce business in Vietnam. By enabling one-click queries of the commodity’s circulation path, this system maintains the...
by DIGITAL MEDIA EXECUTIVE | May 6, 2023 | Import/Export
According to a top official of a grouping of exporters, India’s exports of products and services could reach $900 billion in the current fiscal year, up from $770 billion in the year prior. This indicates that India is remaining resilient despite global...
by DIGITAL MEDIA EXECUTIVE | Apr 15, 2023 | Finance & Economy
Geopolitical unrest and a downturn in developed economies impacted on external demand, causing India’s exports to experience their biggest decline in nearly three years in March, falling 13.9% year-over-year (YoY) to $38.38 billion. As supply networks were...
by DIGITAL MEDIA EXECUTIVE | Apr 11, 2023 | Finance & Economy
Thomas Cook (India) Limited, India’s leading omnichannel travel services company, inaugurated new Forex outlets at the new Manohar International Airport – at Mopa, Goa. The Company has won a 5 year contract for setting up and operating 4 foreign exchange...
by DIGITAL MEDIA EXECUTIVE | Apr 10, 2023 | Finance & Economy
After the July 2022 RBI circular allowing rupee invoicing, payment, and settlement of commerce (exports/imports), the phrase “rupee invoicing” became popular. The new Foreign Trade Policy (FTP) 2023 suggests that both trade partners raise their invoices...
by DIGITAL MEDIA EXECUTIVE | Apr 3, 2023 | Finance & Economy
Its initiatives to encourage the use of the Indian rupee in foreign trade were discussed by Reserve Bank of India (RBI) governor Shaktikant Das in a recent interview with the Financial Times. With the US dollar’s strong increase against the majority of other...
by DIGITAL MEDIA EXECUTIVE | Apr 3, 2023 | Import/Export
The Plastics Export Promotion Council (Plexconcil) has hailed the Foreign Trade Policy (FTP) 2023 as “forward looking and dynamic”. “The policy is duration free in the sense that there is no end date to the FTP so that the Government of India can respond dynamically...
by DIGITAL MEDIA EXECUTIVE | Apr 1, 2023 | Trade Analysis
Welcoming the New Foreign Trade Policy 2023, Shri Sunil Patwari, Chairman, TEXPROCIL said “The FTP 2023 provides continuity with a responsive framework and progressive, growth oriented and in the right direction”. One of the key highlights of the FTP 2023, Shri...
by DIGITAL MEDIA EXECUTIVE | Mar 30, 2023 | Finance & Economy
There is little to no transaction going place in the local currency, which presents significant challenges for the rupee settlement mechanism. This is true even though the Reserve Bank of India (RBI) has given banks from 18 different nations permission to open Special...
by DIGITAL MEDIA EXECUTIVE | Mar 24, 2023 | Finance & Economy
Salman F. Rahman, the prime minister’s advisor on private sector and investments, recently stated that the Bangladeshi government is on the correct road to maintain domestic macroeconomic stability given the manner it has been responding to the numerous issues...
