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New Delhi: The government has notified Director General of Shipping as National Authority for Recycling of Ships, an official statement said on Thursday. DG Shipping is designated as apex authority under the Recycling of Ships Act, 2019 for the ship recycling industry of India and the office of the national authority will be set up in Gandhinagar, Gujarat.

New Delhi: The Centre on Thursday notified the directorate general of shipping as the National authority for recycling of ships, as it moves closer to aligning India with an international convention for safe recycling of ships.

A trade deficit is an amount by which the cost of a country's imports exceeds its exports. It's one way of measuring international trade, and it's also called a negative balance of trade. You can calculate a trade deficit by subtracting the total value of a country's exports from the total value of its imports.

Imports are foreign goods and services bought by citizens, businesses, and the government of another country.¹

Exports are the goods and services produced in one country and purchased by residents of another country.¹ It doesn't matter what the good or service is. It doesn't matter how it is sent. It can be shipped, sent by email, or carried in personal luggage on a plane. If it is produced domestically and sold to someone in a foreign country, it is an export.