by DIGITAL MEDIA EXECUTIVE | May 26, 2023 | News & Insights
The StraitsX Singapore Dollar (XSGD) on the Hedera network has been announced by the Southeast Asian-based StraitsX digital asset payment infrastructure. One of the largest non-USD stablecoins by market capitalization today, XSGD has had significant adoption since its...
by DIGITAL MEDIA EXECUTIVE | Apr 11, 2023 | Business & Policy, Import/Export
As a long-term visionary document without a sunset clause, Foreign Trade Policy 2023 presents a wealth of prospects for advancing international trade financing (FFT). The FTP has set an ambitious export objective, with merchandise exports estimated to account for half...
by DIGITAL MEDIA EXECUTIVE | Apr 11, 2023 | Country Report
Federico Salas Lotfe, the Mexican ambassador to India, stated in an interview that studies between India and Mexico have begun to look into the possibility of a free-trade agreement (FTA). However, Lotfe said that the agreement is unlikely to be inked within the next...
by DIGITAL MEDIA EXECUTIVE | Apr 3, 2023 | Business & Policy, Finance & Economy
The $2 trillion export goal set for 2030 and adopted by FTP 2023 includes $1 trillion in exports of goods and $1 trillion in exports of services. The $2 trillion goal looks challenging but not insurmountable when compared to the combined goods and services export...
by DIGITAL MEDIA EXECUTIVE | Apr 3, 2023 | Trade Analysis
Beginning on April 1, the Central Board of Indirect Taxes and Customs (CBIC) will gradually make the Electronic Cash Ledger (ECL) available to importers and exporters. Every assesset must keep an electronic cash ledger in the customs portal in accordance with Section...
by DIGITAL MEDIA EXECUTIVE | Apr 3, 2023 | Business & Policy
The government revealed its new foreign trade policy (FTP) for 2023 on Friday, sticking to its goal of $2 trillion in goods and service exports for 2030 while moving away from incentives and towards a system based on remissions and entitlements. The policy includes...
by DIGITAL MEDIA EXECUTIVE | Feb 28, 2023 | COTTON PRICE
Mr. Rajkumar, who also chairs the MCX Cotton Products Advisory Committee, and Mr. Ravi Sam told the press here on Monday that following a steep rise in cotton prices during the previous cotton season (October 2021 to September 2022), textile units There is a need to...
by DIGITAL MEDIA EXECUTIVE | Feb 21, 2023 | Business & Policy
The Hunstman Corporation had announced that it has secured all the regulatory approvals which are required to complete the sale of the Textile Effects Division to Achroma (a portfolio company of SK Capital Partners). Both the parties are expecting the transaction to...
by DIGITAL MEDIA EXECUTIVE | Feb 18, 2023 | Garment, Import/Export, Trade Analysis
AUTEFA Solutions will present its most recent technical advancements in the area of nonwoven production technology at INDEX in Geneva from April 18–21, 2023. Within the context of the “Evaluation for Thermal Systems,” the emphasis is not just on...