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4 more States, Puducherry to roll out intra-State e-way bill

Apr 24, 2018

The Finance Ministry has announced that e-way bill will be mandatory for intra-State trade in four more States and the Union Territory of Puducherry from April 25. The four States are Madhya Pradesh, Arunachal Pradesh, Meghalaya and Sikkim.
 
The Ministry also clarified on who should generate e-way bill in ‘bill to ship to’ situations.
 
It may be recalled that e-way bill is already mandatory for intra-State trade in 12 States — Andhra Pradesh, Bihar, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Telangana, Tripura, Uttarakhand and Uttar Pradesh.
 
E-way bills are getting generated successfully and till April 22, more than 1.84 crore e-way bills have been successfully generated which include more than 22 lakh e-way bills for Intra-State movement of goods, an official release said.
    
Source: The Hindu Business Line



MSMEs to play a key role in job creation: Prabhu

Apr 24, 2018

Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu on Monday said that the mirco, small and medium enterprise (MSME) sector will play a key role in coming days.
 
Speaking at the First International SME Convention, 2018 being convened inNew Delhi, Prabhu said that the world is debating strategies to revive global growth, but there are challenges like the rising gap between rich and poor within a country and also between rich and poor countries along with issues likeclimate change and jobless growth.
 
He emphasised that MSME will play key roles in solving these problems.
 
MSMEs will reduce gap between rich and poor as they are agents of inclusive growth. Micro, Small and Medium Enterprises will help in reducing Green House Gas emissions as they are generally closer to markets leading to reduced carbon footprints, he added.
 
He further said that there is a complementary relationship between big enterprises and MSMEs.
 
Only if thesmall survive the big will prosper.  Big enterprises and MNCs require global value and supply chain, which is not possible without MSMEs. Need of the hour is strengthening these linkages between big and small, and together both will propel the global economy, the minister said.
 
Stressing on role of MSMEs, the Minister said that new Industrial Policy, which will be announced soon, lays great stress on the role of Self Help Groups (SHGs).
 
He also emphasised that MSMEs can take advantage of the Start-up India Program. The Minister suggested that network of MSMEs across countries in Africa, Central Asia and Latin America, may be created to promote their ideas at the global level as MSMEs are the crucible of creation of new ideas in the world of business.
 
The SME International Convention – 2018 is being organised by the Ministry of MSME and National Small Industries Corporation (NSIC) along with KVIC and Coir Board.
    
Source: SME Times



India-Poland bilateral trade crosses $3 bn in 2017: Polish envoy

Apr 24, 2018

The bilateral trade between India and Poland has crossed $ 3 billion in 2017 and the European country is exploring various sectors to improve the trade balance, the Polish envoy to India said here on Monday.
 
The bilateral trade volume crossed $3 billion mark in 2017 and it is around $3.1 billion. Of the total trade, India's export to Poland was $2.3 billion while polish export to India stood at $800 million. It has been a good achievement. Still, there is imbalance and we are trying to reduce this (imbalance) and exploring all possible sectors, said Polish Ambassador Adam Burakowski.
 
However, both the countries had drawn up a blueprint for stepping up investments and identified a series of actions to raise trade from the 2014 level of $2.3 billion to $5 billion by 2018, he said, adding that India is one of the five priority countries in Responsible Development Strategy of Poland.
 
Possible areas for India-Polish joint venture include energy including clean technologies, mining, food and food processing, defence and R&D.
 
India and Poland have common goals in the energy sector as both countries rely on coal as their main source of energy and a possible platform for India-Polish cooperation includes clean coal technologies and low emission technologies, Burakowski said at an interactive session organised by Merchants' Chamber of Commerce.
 
On West Bengal, he said a delegation from the state is expected in the European Economic Congress to be held at Poland's Katowice on May 14-16 and a panel discussion would also be organised relating to the eastern European country and the eastern Indian state.
    
Source: SME Times



Grown-in-India mangoes look to rule China bazaars

Apr 24, 2018

Indian mangoes aim to take the pride of place in produce markets across China — believed to be the world’s third largest and Asia’s biggest exporter of mangoes. Apart from China, the king of fruits is also looking to conquer newer world markets including Iran and Kazakhstan.
 
The Agricultural and Processed Food Products Export Development Authority (APEDA), the government agency responsible for the export of agri and processed foods, is planning promotional events in these markets in May. A senior APEDA official said, These promotion programmes would be organised in association with the respective Indian embassies and high commissions in these countries. The dates of the programmes are yet to be fixed.
And the sweet summer fruits will receive VIP treatment as well. The participating exporters will directly send the mangoes to the Indian embassy stores. The mangoes would be labelled for the diplomatic bag, the official added.
 
Sources from the APEDA said China had granted market access to the Indian mangoes in 2007. However, we could not get desired results due to various reasons. Though some of the leading Indian exporters had sent some shipments, they didn’t receive a positive response. This time, the government has taken this matter seriously as this market could be a game changer for the growers in the country, another senior official of the APEDA said.
 
    
Source: Times of India



India in a race against wilt in Cavendish banana

Apr 24, 2018

Tropical Race 4 (TR4), the virulent strain of fungus Fusarium oxysporum cubense that is threatening banana crop globally with the fusarium wilt disease, has hit the plantations in India, the world’s top producer of the fruit. The devastating disease which surfaced in the Cavendish group of bananas in parts of Bihar is now spreading to Uttar Pradesh, Madhya Pradesh and even Gujarat, and threatening to inflict heavy losses to the country’s Rs.50,000-crore banana industry.
 
Alarmed over the spread of the disease, farm policymakers are expected to discuss control measure with various States to curb the spread of the pathogen at the forthcoming National Conference on Agriculture for Kharif Campaign later this week, sources said.
 
India is the largest producer of banana and accounts for 29.1 per cent of the global output. The country’s output is estimated at around 30 million tonnes from an area of 0.80 million hectares.
 
TR4, the soil-borne pathogen infests banana plants with the fusarium wilt disease through the roots that spreads to the vascular system and blocks transportation of water and nutrients in the stem, resulting in yellowing of leaves and plant death.
 
Low awareness
 
Sources said the fusarium wilt pathogen persists in soil for decades and is extremely difficult to manage.
 
The disease had initially surfaced in the Katihar and Purnea districts of Bihar in 2015 and had spread to Faizabad district of Uttar Pradesh last year and now to Burhanpur district in Madhya Pradesh and Surat in Gujarat. However, details of total acreage affected hit by the disease were not available.
 
In India, most of the farmers use suckers as planting material and are not aware of the serious nature of TR4 in banana. The incidence of Fusarium wilt will increase in the years to come said an agenda note on kharif conference. As the banana bunches are transported to various States, the pathogen can spread through peduncle of the bunches and there is a chance for the spread of this virulent TR4 strain to other States as well.
 
Therefore, creation of awareness and providing training to all the stakeholders on the importance and identification of Fusarium wilt disease, preventive steps to be taken to arrest the further spread of the disease to the uninfested areas in Bihar, it said.
    
Source: The Hindu Business Line



GoM moots cess on sugar, subsidy for cane farmers

Apr 24, 2018

Imposition of a cess on sugarNSE 0.00 %, a production subsidy to sugarcane farmers and reducing goods and services tax on ethanol are some of the suggestions put forward by a group of ministers headed by Nitin Gadkari that is looking into the rising sugarcane arrears. 
 
 
The meeting was attended by food minister Ram Vilas Paswan and petroleum minister Dharmendra Pradhan, apart from key officials 
 
The food ministry will soon prepare a draft cabinet note on the sugar crisis. These suggestions will be circulated to various ministries before being presented to the cabinet, say government officials. 
 
Sugar arrears to be paid to farmers by sugar mills has touched close to Rs 20,000 crore, says the industry. 
 
    
Source: The Economic Times



Haryana to host World Union of wholesale markets in Gurugram

Apr 24, 2018

 
Haryana will host the next World Union of Wholesale Markets (WUWM) Conference at Gurugram in the month of October this year as an agreement in this regard has been signed between Agriculture and Farmers’ Welfare Minister, OP Dhankar and Don Donald chairman, WUWM at Barcelona. 
 
A high-level delegation led by Agriculture and Farmers’ Welfare Minister, Mr O.P Dhankar is on its visit to Barcelona, Spain to attend the WUWM Conference and study the best market practices. The WUHM is an International Organisation of 65 countries having members of around 200 Wholesale Markets across the World. It has its Four Regional Groups for Europe, Asia, Latin America and Africa. This is the only apex organization dealing exclusively in Agricultural Produce Wholesale Markets irrespective of their Management pattern, may be Government, Local Authority, Private, Public-Private jointly. The objective is to promote Wholesale Markets across the world in uniform manner by systems, processes, technology, transparency and trade by exchange of information. 
 
The agriculture minister, who visited largest fruit and vegetable market at Mercabarna, maintained that the world famous market, of Spain can be a model for the International fruits and vegetable being set up at Gannuar, Sonipat in Haryana due to a lot of geographical similarities between the two markets. 
 
    
Source: The Economic Times



Indian elephant ready to run after economic reforms: IMF official

Apr 24, 2018

Global investors feel that the Indian "elephant is ready to run" after sustained economic reforms, a top IMF official has said, but underlined the need for implementing these reforms and having a sound banking sector balance sheet for a steady growth path 
 
Changyong Rhee, Director of the Asia and Pacific Department at the International Monetary Fund (IMF), also praised the Modi government for doing well in the area of reforms. 
 
Changyong -- who oversees the IMF's work in the region including its lending operations and bilateral and multilateral surveillance of economies ranging from China, Japan, and India to the Pacific Islands -- said that investors are telling him that after four years of impressive economic reforms, the elephant is now ready to run. 
 
I think, I would rather emphasise implementation. If India can lead global growth like China in the last decade; you have the potential, you have the population, you have the market size...everything. Implementation is actually the key, he said. 
 
 
    
Source: The Economic Times



New industrial policy to be announced soon: Suresh Prabhu

Apr 24, 2018

The government has finalised the new industrial policy, which is set to be announced soon, Commerce and Industry Minister Suresh Prabhu said today. 
 
The new policy will replace the industrial policy of 1991 which was prepared in the backdrop of balance of payment crisis. 
 
We have finalised the new industrial policy and will be announcing it soon. It is going through an inter-ministerial consultation, Prabhu said here at an international SME convention. 
 
The proposed policy aims at promoting emerging sectors and modernising the existing industries. It will also look to reduce regulatory hurdles and encourage adoption of frontier technologies such as robotics and artificial intelligence. 
 
    
Source: The Economic Times



Big reforms made India one of the fastest-growing major economies globally: DEA

Apr 24, 2018

The major reforms undertaken by the Indian government for raising economic growth and maintaining macroeconomic stability have made the country one of the fastest growing major economies in the world, said Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA). 
 
Garg was addressing the Special Event hosted by US-India Strategic Partnership Forum on 'Indian Economy: Prospect and Challenges' in Washington D.C on Friday. 
 
 
He said the launch of the Goods and Services Tax (GST) represented an historic economic and political achievement, unprecedented in Indian tax and economic reforms, which has rekindled optimism on structural reforms. 
 
He further emphasized that India carried-out such major reforms when the global economy was slow. 
 
With the cyclical recovery in global growth amid supportive monetary conditions and the transient impact of the major structural reforms over, India will continue to perform robustly, Garg said. 
    
Source: The Economic Times



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