Air India Warned by Canada After Pilot Found Tipsy
Transport Canada threatens to revoke Air India's flight authorisation following a pilot alcohol incident in Vancouver. Read the full story and potential consequences.
Category : Trade & Export
New Rs 5,181 Cr Interest Subsidy Scheme for MSME Exporters Launched
The Commerce Department launches a major dual-scheme initiative to boost MSME exports. Get details on the new interest subsidy and loan guarantee corpus designed to ease credit access.
Exporters Cite High Costs, Testing Gaps Hurting Trade
Indian exporters highlight 15-20% higher raw material costs, testing facility shortages, and US tariffs as key challenges impacting competitiveness. Details from the recent Board of Trade meeting chaired by Piyush Goyal.
India Seeks Russian Market Access for Goods Amid Trade Deficit
India is negotiating with Russia to lower trade barriers for electronics, engineering goods, and food to utilize over $50 billion in rupee balances. Learn about the key challenges and high-level talks.
Russian oil discount to India jumps to $8 a barrel
Russian crude suppliers now offer Indian refiners discounts up to $8 per barrel, doubling since October. This could lower India's import bill as global oil prices hover around $60. Read more.
Vande Bharat Stops for 1 Hour After Bird Strike
A Vande Bharat Express train was halted for nearly an hour near Bengaluru after a bird strike damaged its power supply. The incident occurred on Friday afternoon. Read the full details here.
Oil Steady at $61 as Supply Surplus Offsets OPEC Risks
Oil markets opened 2026 cautiously as a forecast 3.8 million barrel daily surplus counters Middle East tensions. Key OPEC meeting set for Jan 4. Read the full analysis.
Kolkata's 'Mini Bangladesh' hit by 2nd year of tourist slump
Central Kolkata's 'Mini Bangladesh' area sees a sharp drop in Bangladeshi tourists for the second consecutive Dec-Jan season, hurting traders and hoteliers. Read about their cautious hope for the new year.
7 Oil Tankers Avoid Venezuela Amid US Sanctions Threat
US sanctions force oil tankers to avoid Venezuela, hitting Maduro's regime. Storage fills, production plunges. Chevron continues under license. Read the latest.
Canadian Dollar Falls as Factory PMI Stays in Contraction
The Canadian dollar extended its weekly decline against a strong US dollar, pressured by an 11th month of manufacturing contraction. Get the latest on CAD, PMI data, and bond yields.
Shankh Air Targets March Launch, International Flights by 2029
Shankh Air, a new Indian airline, plans to start domestic flights in March 2026. It aims to boost regional connectivity and launch international routes by 2029. Read more about its fleet and vision.
Govt Launches Interest Subsidy & Collateral Guarantee for MSME Exporters
The Indian government launches two key financial schemes to boost MSME exports: an interest subvention of 2.75% and a collateral guarantee up to 85%. Learn how this ₹25,060 crore mission aims to slash export costs.
₹7,295 Crore Export Support Package Announced for MSMEs
Indian government launches a ₹7,295 crore export support package with interest subvention and collateral guarantee schemes for MSME exporters, running from 2025 to 2031. Read details.
DGFT Details Interest Subvention for MSME Exporters
The DGFT has released operational guidelines for the Interest Equalisation Scheme, offering 2-3% support to MSME and manufacturer exporters. Learn eligibility and how to apply.
Indian Oil Buys Colombian Crude for First Time
Indian Oil Corp makes landmark Colombian crude purchase as Russia sanctions reshape global oil flows. Discover how India is diversifying its energy sources.
India Monitors Russian Oil Buys Weekly for US Trade Deal
India mandates refiners to report weekly crude imports from Russia & US, seeking accurate data for sensitive trade negotiations. Talks face hurdles over Russian oil purchases and agricultural access.
India Post adds 50 nations to boost e-commerce exports
India Post expands its International Tracked Packet Service to 50 new countries, aiding MSMEs and diversifying markets. This move supports India's e-commerce export push as US tariffs bite.
Delhi-Patna trains delayed up to 12 hours due to dense fog
Dense fog and poor visibility severely disrupted train operations on the Delhi-Patna route, causing massive delays and passenger hardship. Key trains like Rajdhani and Sampoorna Kranti were delayed by over 10 hours. Read more for details.
QatarEnergy Reduces Petrol, Diesel Prices for January 2026
QatarEnergy slashes fuel prices for January 2026, offering relief to consumers. Premium petrol now QR 1.95, Super & Diesel at QR 2 per litre. Read the full details.
Delhi Fog: 66 Flights Cancelled, Visibility Hits Zero
Dense fog at Delhi airport led to 66 flight cancellations on Friday. Learn about DGCA's fog window norms, pilot training, and how Category-III systems work to ensure safety.
South Korea Exports Hit Record $700 Billion in 2025
South Korea's exports soar to a historic $700 billion in 2025, driven by strong global semiconductor demand. Discover the key factors behind this economic milestone.
Supply constraints for key metals likely to ease: Report
A new report predicts easing supply pressures for copper, aluminium, and iron ore, potentially cooling prices. Key factors include mine expansions and Chinese demand. Read the full analysis.
India-UK trade deal expected by first half of 2026
The landmark India-UK free trade agreement is projected to be operational by mid-2026, promising major gains for textiles, engineering, and more. Discover the sectors set to benefit.
Pakistan OKs Biman's Direct Dhaka-Karachi Flights
Pakistan's aviation authority greenlights Biman Bangladesh Airlines to start direct operations on the Dhaka-Karachi route. Flight schedules to be finalised next week.
Canada Asks Air India to Probe Drunk Pilot Incident
Transport Canada has formally asked Air India to investigate an incident where a pilot reported for duty under alcohol influence. The airline must submit findings by Jan 26. Details inside.
Turbat Protests Over Pak-Iran Border Trade Shutdown
Residents of Turbat, Pakistan, protest the indefinite closure of the Pak-Iran border crossing, demanding the restoration of trade vital for local economy and livelihoods.
Canada Asks Air India to Probe Pilot Alcohol Incident
Canadian authorities have formally asked Air India to investigate an incident where a pilot reported for duty under the influence of alcohol before a Toronto flight. Details inside.
Air India pilot fails alcohol test in Vancouver
An Air India pilot was offloaded in Vancouver after failing a breathalyser test. The airline has grounded the crew member and is cooperating with Canadian authorities. Read about the safety breach and potential consequences.
Air India Pilot Fails Pre-Flight Alcohol Test in Canada
An Air India pilot was found under the influence of alcohol at Vancouver Airport, leading to his grounding. The airline has launched a probe into the serious safety breach. Read details.
Oil Rises on Geopolitical Risks After Steep 2025 Decline
Crude oil prices saw a slight increase on the first trading day of 2026, following their sharpest annual fall since 2020. The uptick is driven by renewed geopolitical tensions, including Ukrainian drone strikes on Russian oil facilities and fresh US sanct
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