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Tag: Red Sea crisis

Red Sea crisis: easing of export credit

Red Sea crisis: The Department of Financial Services (DFS) at the finance ministry has been directed to monitor exporters’ credit requirements and guarantee that credit flows to them are maintained, according to a senior official who spoke at the interministerial meeting on the Red Sea crisis on Wednesday. “We have instructed DFS to keep an…

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Red Sea crisis disrupts trade; shipping and insurance costs soar.

India’s exports and imports are suffering as a result of the Red Sea crisis. Freight rates on some important routes have increased by more than five times, while insurance premiums on shipping risks have increased by a hundred times. According to Ajay Sahai, the director general and chief executive officer of the Federation of Indian…

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