India exported engineering goods of $111.63 billion in FY22, an increase of 45.51per cent year over year.

Some of the logistics industry veterans share their valuable insights into the developments in the sector and their expectations from the upcoming union budget for 2023–24.

Both Sri Lanka and Russia are in talks to use the rupee for their international trade soon after the government announced its intention to promote the Indian rupee trade settlement mechanism.

A.P. Moller-Maersk is expecting its logistics revenue to overshadow its ocean business around the middle of this decade.

After being renewed twice, the GST exemption on export freight expired on September 30, 2022. Exporters must now pay GST on export freight, however, they are eligible for a refund. CargoInsights seeks the industry’s opinions on the matter.

Bibek Debroy, Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), stated that India should have a GST with a single rate and a taxation system with no exemptions.