Indias Exim Bank extends LOCs worth $120 million to Rwanda
Sachin Manawaria | The Dollar Business The Export-Import Bank of India (Exim Bank) has extended Lines of Credit (LOC) of a total of $120.05 million to the Government of the Republic of Rwanda for financing irrigation projects in Rwanda. In a statement, the Reserve Bank of India said that the LOC will be used for financing export targeted modern irrigated agricultural projects worth $60.22 million, and extension for exports targeted modern irrigated agricultural projects worth $59.83 million. The LOC will be used for sourcing of goods and services from India. Under the LOC, Exim Bank usually reimburses 100% of contract value to the Indian exporters, upfront upon shipment of goods. For the LOCs to Rwanda, the equipment and services ...
Plant Quarantine (Sixth Amendment) Order, 2014
Dated 10th December, 2014 | Notification | In exercise of the powers conferred by sub-section (1) of Section 3 of the Destructive Insects and Pests Act, 1914 (2 of 1914), the Central Government hereby makes the following Order further to amend the Plant Quarantine (Regulation of Import into India) Order, 2003, namely 1. Short title and Commencement.- (1) This Order may be called the Plant Quarantine(Regulation of Import into India) (Sixth Amendment) Order, 2014. (2) It shall come into force on the date of its publication in the Official Gazette. 2. In the Plant Quarantine (Regulation of import into India) Order, 2003 in Schedule II after serial number 63 and the entries relating thereto the following serial number and entries ...
CII confident of significant jump in Indias rank in Ease of Doing Business
The Dollar Business Bureau Technology is expected to play a major role in India's trade facilitation efforts The Confederation of Indian Industry (CII) has suggested an action plan to the government to help improve India’s ranking on the World Bank’s Ease of Doing Business index in the coming years. CII says that while the recently released World Bank report on Ease of Doing Business 2015 ranks India at a low of 142 out of the total 189 countries, the rankings were for the year ended May 31, 2014. “The wave of new policy reforms have cascaded post the date,” CII said. Prime Minister Narendra Modi has said that India must stand within the Top 50 countries in the Ease ...
