General Trading Company In Dubai 2023-07-21T14:26:50Z https://nsgtrade.com/feed/atom/ WordPress https://nsgtrade.com/wp-content/uploads/2023/07/cropped-fav-32x32.jpg admin https://project.digitalvega.in/nsgtrade <![CDATA[India and UAE sign agreements to settle trade in rupees]]> https://project.digitalvega.in/nsgtrade/?p=3453 2023-07-21T14:26:50Z 2023-07-21T14:22:35Z 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

]]> 0 admin https://project.digitalvega.in/nsgtrade <![CDATA[India bans export of non-basmati white rice]]> https://project.digitalvega.in/nsgtrade/?p=3285 2023-07-21T12:10:04Z 2023-07-21T12:10:03Z 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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