Commerce ministry begins Covid-19 helpdesk to resolve import, export points

The commerce ministry on Monday stated it has began a COVID-19 helpdesk to assist resolve problems with exporters and importers pertaining to worldwide commerce comparable to customs clearance delays and banking issues.

The Directorate Common of International Commerce (DGFT), an arm of the ministry, took this initiative to observe the standing of exports and imports, and difficulties being confronted by commerce stakeholders in view of the surge in COVID-19 circumstances.

“DGFT has accordingly operationalised a ‘COVID-19 Helpdesk’ to assist and search appropriate resolutions to points arising in respect of worldwide commerce,” the ministry stated.

It added that the helpdesk would look into points referring to import and export licensing, customs clearance delays and complexities arising thereon, import/export documentation, and banking issues.

“Helpdesk would additionally acquire and collate commerce associated points regarding different ministries/departments/ businesses of central and state governments and can coordinate to hunt their assist and supply potential decision,” it stated.

Stakeholders can submit data on the DGFT web site about their points on which assist is required.

“The standing of resolutions and suggestions could also be tracked utilizing the Standing

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Huge teams plan O2 storage, transport; PM Cares Fund for 551 crops

Because the variety of Covid-19 deaths as a result of lack of medical oxygen at hospitals mounts, India’s huge conglomerates have begun collaborating with the Union authorities on the manufacturing, provide and storage of the important medical useful resource.

The Tatas, Larsen & Toubro and Bharat Forge on Sunday expressed curiosity in constructing stress swing adsorption (PSA) oxygen crops at hospital websites, whereas Indian Oil Company and Reliance Industries are pitching in with each oxygen and cryogenic tankers wanted for its transportation.

India has additionally tied up with a few of these firms to import tankers from 4 locations — Dubai, Bangkok, Shanghai and Dusseldorf. 4 tankers from Singapore purchased by the Tatas have already reached Vishakhapatnam on an Indian Air Power airplane.

A complete of 262 tankers are anticipated to be imported. IndianOil plans to fabricate 100 cryogenic tankers at its Nashik facility however the first models from there could be out there solely after three weeks.

So far as oxygen imports go, up to now there has solely been a agency dedication of 500 tonnes from a Gulf organisation and about 3,000 tonnes from different international locations towards a

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World Navy Spending Grows Regardless of Pandemic

Navy expenditure worldwide rose to just about $2 trillion in 2020, defying the financial influence of the Covid-19 pandemic, researchers stated Monday.

World navy spending elevated by 2.6 p.c to $1,981 billion (about 1,650 billion euros) in 2020, when international GDP shrank 4.4 p.c, in accordance with a report from the Stockholm Worldwide Peace Analysis Institute (SIPRI).

Diego Lopes da Silva, one among report’s authors, instructed AFP the event was surprising.

The US elevated its navy spending for the third 12 months in a row in 2020, after seven years of reductions (pictured: the USS Ronald Reagan service strike group)
 Navy Workplace of Info / Erwin Jacob V. MICIANO

“Due to the pandemic, one would suppose navy spending would lower,” he stated.

“However it’s potential to conclude with some certainty that Covid-19 didn’t have a big influence on international navy spending, in 2020 no less than,” Lopes da Silva stated.

He cautioned nevertheless that as a result of nature of navy spending, it may take time for nations “to adapt to the shock”.

The truth that navy spending continued to extend in a 12 months with an financial downturn meant the “navy burden”, or the share of navy spending out

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