admin – General Trading Company In Dubai https://nsgtrade.com Fri, 21 Jul 2023 14:26:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://nsgtrade.com/wp-content/uploads/2023/07/cropped-fav-32x32.jpg admin – General Trading Company In Dubai https://nsgtrade.com 32 32 shopengine_activated_templates a:0:{} India and UAE sign agreements to settle trade in rupees https://nsgtrade.com/2023/07/21/india-and-uae-sign-agreements-to-settle-trade-in-rupees/ https://nsgtrade.com/2023/07/21/india-and-uae-sign-agreements-to-settle-trade-in-rupees/#respond Fri, 21 Jul 2023 14:22:35 +0000 https://project.digitalvega.in/nsgtrade/?p=3453 Going beyond the USD dollar, India, UAE sign a rupee-dirham trade pact between the two countries to strengthen economic ties.

The recent visit of Prime Minister Modi in UAE in 2023 has aimed to achieve a milestone in the trade market with UAE.

The Reserve Bank of India (RBI) and the Central Bank of UAE on Saturday decided to move further on strengthening the economic engagement between the two countries by agreeing to allow exporters and importers from either side to invoice and pay in their respective domestic currencies — rupee and dirham — while working on a messaging system that could be an alternative to SWIFT

]]> https://nsgtrade.com/2023/07/21/india-and-uae-sign-agreements-to-settle-trade-in-rupees/feed/ 0 India bans export of non-basmati white rice https://nsgtrade.com/2023/07/21/india-bans-export-of-non-basmati-white-rice/ https://nsgtrade.com/2023/07/21/india-bans-export-of-non-basmati-white-rice/#respond Fri, 21 Jul 2023 12:10:03 +0000 https://project.digitalvega.in/nsgtrade/?p=3285 Indian government has prohibited the export of non-basmati white rice with immediate effect, fromThursday, July 2023 due to late start of the seasonal monsoon rains which hurt the crop and raising fears of a production shortfall.

India is the world’s leading rice exporter, accounting for more than 40% of the global rice trading in the world as well as the second-largest producer after China. This ban could affect around 80% of India’s export volumes until further notice is lifted by Indian government.

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