Red Sea Crisis May Push Costs For Traders
The Business Guardian|January 08, 2024
The increasing Red Sea crisis may impact trade as it is expected to push shipping and insurance costs for exporters, and to deal with the situation the government should consider extending financial assistance to exporters, a report by economic think tank GTRI said on Saturday.
Red Sea Crisis May Push Costs For Traders

The report outlines potential impacts, citing a projected increase of up to 60% in shipping costs and a 20% rise in insurance premiums due to the crisis. GTRI emphasizes the necessity for India to prepare for prolonged shipping disruptions, prompted by recent drone and missile attacks on merchant vessels.

The challenges faced by exporters include skyrocketing shipping costs and extended delivery times, placing severe pressure on profit margins. Those with contracts covering delivery costs to buyers’ ports are particularly affected.

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Aam Aadmi Party (AAP) leader Manish Sisodia on Monday put the blame on the Bharatiya Janata Party (BJP)-led central government over rising pollution in North India.

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The Business Guardian

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The Business Guardian

CM ATISHI HITS OUT AT CENTRE AS POLLUTION SOARS IN NORTH INDIA

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LG orders staggered office hours

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Air purifier, mask sales up in Delhi-NCR

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Govt to act on 'odd-even' scheme based on expert advice

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SC Collegium recommends appointment of Justice D Krishnakumar as the Chief Justice of Manipur High Court
The Business Guardian

SC Collegium recommends appointment of Justice D Krishnakumar as the Chief Justice of Manipur High Court

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Supreme Court dismisses plea for enquiry into Netaji Subhash Chandra Bose's death
The Business Guardian

Supreme Court dismisses plea for enquiry into Netaji Subhash Chandra Bose's death

The Supreme Court in the case observed and has dismissed the petition filed seeking inquiry into the death of Netaji Subhash Chandra Bose.

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Delhi High Court directs RSY News to take down original videos of ANI in copyright infringement suit

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