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RBI’s stricter KYC rules may slow merchant onboarding

RBI draft norms for stricter KYC rules for payment aggregators could slow the onboarding of online merchants by up to 90%.

Pulse importers from Myanmar advised to use Rupee/Kyat mechanism

Government of India has simplified the payment mechanism for traders importing pulses from Myanmar, with the introduction of Rupee/Kyat mechanism.

WTO forecasts 2.6% rebound in global trade in 2024

After a 5% decline in goods trade in 2023, the WTO has predicted a 2.6% rise in 2024, driven by rising real incomes in advanced economies.

India and Mauritius sign new agreement to tackle tax avoidance

India and Mauritius have signed a new agreement that significantly reduces tax benefits for Mauritian investors in India. This aims to crack down on tax avoidance strategies.

G-33 Urges Meaningful Outcome in Abu Dhabi Agri Negotiations

As the 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) has commenced in Abu Dhabi, the G-33 consortium, which includes India among its members, has issued a call to action. Their primary objective is to secure a resolution on public stockholding aimed at ensuring food security. Representing 47 developing and least developed nations, the […]

Specialty Steel PLI: investment of INR 10,000 Cr in FY-25

The government anticipates an investment of INR 10,000 crore in the production-linked incentive (PLI) for specialty steel during the fiscal year 2025. This sum will be in addition to the INR 16,000 crore projected for the current financial year.

Concerns Raised Over WTO Dispute Resolution Draft

India, Bangladesh, Egypt, Indonesia, and South Africa are raising objections to a recent World Trade Organization (WTO) draft on dispute settlement reform. The draft suggests alterations, including the involvement of mediators and changes to dispute settlement panel structures, with concerns focused on potential hindrances for developing countries in accessing the resolution system.

Government considering component-linked incentive scheme

A new component-linked incentive scheme is being developed by the government to promote the manufacturing of electronic components, in addition to semiconductors.

MNRE reinstates solar module standards from April 1

The Ministry of New and Renewable Energy reinstates the Approved List of Models & Manufacturers (ALMM) for solar modules, effective April 1, 2024.

India and UAE to work on energy, digital, and ports

PM Modi to strengthen collaboration with UAE in energy, ports, fintech, digital infrastructure, railways, and investment sectors.

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