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Monthly Archives: February 2020

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Coronavirus Could Damage Global Growth In 2020: IMF

BlogBy Adarsh VyasFebruary 16, 2020Leave a comment

The coronavirus epidemic could damage global economic growth this year, the IMF head said Sunday, but a sharp and rapid economic rebound could follow. “There may be a cut that we are still hoping would be in the 0.1-0.2 percentage space,” the managing director of the International Monetary Fund, Kristalina Georgieva, told the Global Women’s…

US Bans Visits By Sri Lanka Army Chief Over War Crimes

BlogBy Adarsh VyasFebruary 15, 2020Leave a comment

The United States said Friday it would refuse entry to Sri Lanka’s army chief over “credible” evidence of human rights violations in the bloody 2009 finale to the civil war. Lieutenant General Shavendra Silva, whose appointment last year drew extensive international criticism, will be ineligible to visit the United States, as will his immediate family,…

Berge Bulk Ship Takes 1st Commercial Delivery Of 3D Printed Parts

BlogBy Adarsh VyasFebruary 14, 2020Leave a comment

The delivery is part of Wilhelmsen’s 3DP printing early adopter program launched in December 2019. The program for 3D printed marine spare parts eliminates the need for physical inventory storage, distribution and high logistics costs, according to Wilhelmsen. “We are very excited with this milestone – completing one of the first commercial deliveries of 3D…

CMA CGM Teams Up With Energy Observer To Promote Hydrogen As Fuel

BlogBy Adarsh VyasFebruary 13, 2020Leave a comment

French shipping giant CMA CGM is joining forces with Energy Observer within a project focusing on testing the potential of hydrogen as a marine fuel.  Energy Observer, formerly a legendary race boat, is embarking on a world round trip using hydrogen as fuel. CMA CGM said it would contribute its industrial expertise to this floating lab, in…

Over $2.4B In Exports Bring Best-Ever January For Automotive Industry

BlogBy Adarsh VyasFebruary 12, 2020Leave a comment

The locomotive of Turkish exports, the automotive industry enjoyed its best January ever as it managed to export goods worth over $2.4 billion, according to data by Uludağ Automotive Exporters Association (OİB). Having maintained its export leadership for 14 consecutive years, the industry managed to increase its overseas sales by 3.2% last month to $2.4…

Govt Has Taken Specific Steps To Boost Exports: Nirmala Sitharaman

BlogBy Adarsh VyasFebruary 11, 2020Leave a comment

The government has taken several steps, including a tax refund scheme and enhanced credit to exporters, to boost outbound shipments, Finance Minister Nirmala Sitharaman said on Tuesday. Replying to a debate on the Union Budget, the Finance Minister mentioned six specific steps taken for improving the country’s exports. New schemes She said that the Remission…

India Removes Some Masks And Gloves From Banned Export List

BlogBy Adarsh VyasFebruary 10, 2020Leave a comment

India will again allow shipments of surgical and disposable masks and some gloves, about a week after placing them on a list of banned export items. However, exports of gloves made from nitrile rubber, a synthetic variety generally known as NBR, and masks other than two and three-ply, will continue to be restricted, according to…

Thai Soldier Kills 26 In Mall Rampage; Shot Dead By Security Forces

BlogBy Adarsh VyasFebruary 9, 2020Leave a comment

Thai security forces shot and killed the rogue soldier on Sunday morning after an overnight standoff at the Terminal 21 shopping centre in the northeastern Thai city of Nakhon Ratchasima A Thai soldier angry over a land deal went on a shooting spree that killed at least 26 people, most of them in a shopping…

Hope Sri Lanka Will Fulfil Aspirations Of Tamil People: Modi After Talks With SL PM

BlogBy Adarsh VyasFebruary 8, 2020Leave a comment

India on Saturday hoped that the Sri Lankan government will realise the aspirations of the Tamil community in the island nation as the issue figured prominently in wide-ranging talks between Prime Minister Narendra Modi and his Sri Lankan counterpart Mahinda Rajapaksa. In their talks, the two prime ministers deliberated on the entire expanse of bilateral…

Centre Allows Exports Of Krishnapuram Onions, But With Conditions

BlogBy Adarsh VyasFebruary 7, 2020Leave a comment

The variety, not too popular in the domestic market, is mainly grown for exports The Centre has allowed the exports of Krishnapuram onions, a variety grown in Andhra Pradesh primarily for exports. However, there is an export cap, with conditions including port restrictions and the need for certification from the AP Horticulture Department. “The export…

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