Basmati exports have hit a new record both in volume and value during fiscal 2024. As per latest data, shipments during April-Feb crossed the $5.2 billion with volumes touching a new high exceeding 4.67 million tonnes.

India has allowed export of 10,000 tonnes of onion to Sri Lanka through the National Cooperatives Exports Cooperative, the Directorate General of Foreign Trade (DGFT) said in a notification late on Monday.

Indian negotiation team is in United Kingdom for advanced stage of negotiations for the India-UK Free Trade Agreement(FTA). According to the government sources, both countries have made significant progress following the completion of the 14th round of negotiations in January 2024.

Amid tensions between Maldives and India, the Directorate General of Foreign Trade on Monday issued a notification imposing port restrictions for export of essential commodities to the island nation during the fiscal year 2024-25.

Almost two years after the Reserve Bank of India announced new steps for rupee-settled global trades, Russian banking major Sberbank said it has seen an uptick in volumes for rupee-rouble payments for Moscow’s imports, with the lender focusing on drawing more foreign clients to the domestic market.

The Indian government will take a policy decision to mitigate any effect on its trade from the conflict between Iran and Israel after it has fully understood the impact, the country's trade secretary said on Monday.

In response to concerns over misinterpretation, the Food Safety and Standards Authority of India (FSSAI) has directed food service establishments to meticulously adhere to regulations regarding the disclosure of crucial information about the food they serve.