by AIP Online Bureau | Feb 28, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
Almost all of India’s trade with Europe goes through the Red Sea channel, India’s ambassador to the United Arab Emirates said, adding to the urgency for the India-Middle East-Europe Economic Corridor project The volatile situation in the Red Sea increases the need for...
by AIP Online Bureau | Jan 29, 2024 | Eco/Invest/Demography, International News, Risk Management
The Suez Canal, a critical waterway connecting the Mediterranean Sea to the Red Sea, handled approximately 12% to 15% of global trade in 2023. UNCTAD estimates that the trade volume going through the Suez Canal decreased by 42% over the last two months Geneva: The...
by AIP Online Bureau | Jan 13, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance, Risk Management
The commerce ministry has also set up an internal strategic group, comprising additional secretaries of the ministry, to discuss global issues impacting the country’s trade on a daily basis and prepare a strategy so that India’s response can be quick and...
by AIP Online Bureau | Jan 3, 2024 | Eco/Invest/Demography, Indian News, Risk Management
Asked will the Red sea developments have any impact on India’s maritime trade, Ports, Shipping and Waterways secretary T K Ramachandran said, “no impact”. New Delhi: Ports, Shipping and Waterways secretary T K Ramachandran on Wednesday said the...
by AIP Online Bureau | Sep 17, 2022 | Eco/Invest/Demography, Non-Life, Policy, Reinsurance, Technology
High logistics cost in India impacts both external and internal trade. The cost in India is estimated at 13-14 per cent of the gross domestic product against 9-10 per cent in the US and Europe and 11 per cent in Japan It also involves 200 shipping agencies, 36...
