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Indian economy stands out with strong show: Finance Ministry.

Apr 26, 2024

India's 'promising economic performance' continues to be backed by resilient growth, robust economic activity indicators, price stability and steady external sector performance, the finance ministry said Thursday. However, geopolitical tensions such as those roiling West Asia, remain a concern although risk perceptions over them have softened, offering a potential upside for growth, the ministry said in its monthly economic report for March.

    
Source: economictimes.indiatimes.com



Target is to achieve $1 trillion goods exports by 2030: Trade Ministry.

Apr 26, 2024

The commerce Ministry has initiated an exercise to identify required infrastructure needs, potential sectors, and clusters which would help the country achieve the $1 trillion merchandise exports target by 2030 but sustainability will be a major concern going forward, senior government officials said on Thursday.
 
    
Source: indianexpress.com



No fresh cases of ETO reported after Dec 2020 by EU for Indian export of organic products: Official.

Apr 26, 2024

No fresh cases of ethylene oxide (ETO) — a cancer-causing pesticide — were reported after December 2020 by the European Union for Indian export of organic products, an official said on Thursday.

    
Source: theprint.in



Govt allows exports of specified quantity of white onion via three ports.

Apr 26, 2024

Easing export ban, the government on Thursday permitted overseas shipments of a specified quantity of white onion from three ports. The Directorate General of Foreign Trade (DGFT) in a notification said that the exporter shall have to get the certificate from the Horticulture Commissioner, Government of Gujarat, certifying the item and quantity of white onion to be exported.

    
Source: economictimes.indiatimes.com



India-Canada FTA talks unlikely to resume soon.

Apr 26, 2024

Free trade agreement (FTA) talks between India and Canada, on pause since September 2023, will not be resumed unless political issues that have soured bilateral relations are addressed, two people aware of the matter said.

    
Source: livemint.com



India-South Korea CEPA review talks likely in May or June.

Apr 26, 2024

India and South Korea will begin a fresh round of negotiations to upgrade the CEPA (Comprehensive Economic Partnership Agreement) in May-June after the conclusion of the 10th round of negotiation earlier this year, two people aware of the matter said.
 
    
Source: livemint.com



Trade between India-Bangladesh flourishing through Assam’s Karimganj.

Apr 26, 2024

The trade between India and Bangladesh through Sutarkandi Land Port in Assam’s Karimganj district has witnessed a remarkable increase in the past couple of years.
The local businessmen, traders, and local people are expecting that the trade (export and import) between the two neighbouring countries will increase more in the coming days.
    
Source: theprint.in



India to establish CIP-South Asia Regional Centre in Agra.

Apr 26, 2024

India is poised to establish a CIP-South Asia Regional Centre (CIP-SARC) in Agra, following the model of China's regional center of the International Potato Centre (CIP) established seven years prior. This initiative aims to support potato and sweet potato cultivation in major producing regions within India, including Uttar Pradesh, Bihar, and West Bengal, extending benefits to neighboring South Asian countries.
 
    
Source: freshplaza.com



Food crisis looms: Philippines rushes to import rice, sugar, onions.

Apr 26, 2024

The Philippines is facing shortages of essential food items, prompting the National Economic and Development Authority (NEDA) to call for increased imports.
NEDA issued Administrative Order No. 20, aimed at streamlining the import process for rice, sugar, and onions.
    
Source: bilyonaryo.com



Russian Chamber of Commerce & Industry opens office in Mumbai amid big interest of entrepreneurs in India.

Apr 26, 2024

Russian Chamber of Commerce and Industry has opened its office in Mumbai to give a boost to the bilateral trade between Russia and India amid big number of Russian entrepreneurs seeking partners in the country.

    
Source: economictimes.indiatimes.com



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