1.   

Ministers approve draft of India's food security bill

Keen to introduce the food security bill in Parliament during the upcoming monsoon session, an empowered group of ministers (EGoM) headed by finance minister Pranab Mukherjee on Monday approved a draft version of the bill. The bill as approved by the ministerial panel dilutes some of the proposals put forward the National Advisory Council.....

2.   

Govt allows export of 50,000 tonnes of foodgrains to Oman

India today allowed the export of 50,000 tonnes of wheat and non-basmati rice to Oman on diplomatic grounds. "We have cleared export of 40,000 tonnes of wheat and 10,000 tonnes of non-basmati rice to Oman through a diplomatic channel," Food Minister K V Thomas told PTI here. Yesterday, the Finance Minister Pranab Mukherjee-headed Empowered Group of Ministers on.....

3.   

Global demand lifts basmati exports by 27% despite Iran payment issues

India's April-June basmati rice exports have grown from 5.5 lakh tonnes last fiscal to 7 lakh tonnes this fiscal, an increase of 27.3%, according to data from the Agricultural & Processed Food Products Export Development Authority (Apeda). The increase comes despite continuing payment issues with Iran, the country’s largest.....

4.   

Indonesia expects to double trade with India over next 5 years

Speaking at an inter-active session at the Indian Chamber of Commerce (ICC) on Tuesday, the Indonesian ambassador to India, Lt General (retd) Andi Ghalib, said that the Prime Minister of India Manmohan Singh and the President of Indonesia, Sushilo Bambang Yudhoyono, had signed an agreement in New Delhi early last year worth billions of US dollars with the.....