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29 May, 2025 News Image India’s Agricultural Exports Rise by 6.47%, Rice Exports Exceed Rs 1 Lakh Crore.
India’s agricultural and allied sector exports witnessed a significant increase of 6.47% in the fiscal year 2024-25, reaching $51.91 billion. This growth is particularly noteworthy given that the country’s total merchandise exports remained nearly at the previous year’s level of $437 billion, recording only a marginal increase of 0.1% during the same period. While agricultural exports have surged, they are still below the record high of $53.1 billion achieved in 2022-23. In 2023-24, agricultural exports stood at $48.8 billion.
 Source:  ukragroconsult.com
29 May, 2025 News Image India to emerge as world’s biggest rice producer.
India’s foodgrain production rose by 6% to a record 353.2 million tonne (MT) in the 2024-25 crop year (July-June) compared to previous year because of a significant rise in rice, wheat, pulses and oilseed output, the agriculture ministry said on Wednesday. The country will also outplace China as the world’s biggest rice producer in the year.
 Source:  financialexpress.com
29 May, 2025 News Image Government Strengthens Farmer Support through Continued Interest Subvention – KCC and MISS Remain Cornerstone of Agri Credit.
In a significant decision to support farmers across the country, the Union Cabinet has approved the continuation of the Modified Interest Subvention Scheme (MISS) for the financial year 2025–26. Under this scheme, 1.5% interest subvention will continue to be provided to banks for short-term crop loans up to ₹3 lakh issued through the Kisan Credit Card (KCC) platform.
 Source:  pib.gov.in
29 May, 2025 News Image Cabinet extends interest subvention scheme for farmers.
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved continuation of the Modified Interest Subvention Scheme (MISS) for 2025-26. The government will allow 7.71 crore farmers to get short-term credit at subsidised rate of interest through Kisan Credit Card (KCC).
 Source:  thehindubusinessline.com
29 May, 2025 News Image Kashmir’s walnut Industry receives temporary relief as India shuts Attari-Wagah border.
India severing trade ties with Pakistan has brought cheer for Jammu and Kashmir’s walnut industry. On May 2, the Central government announced a blanket ban on the import of goods from Pakistan and shut the Attari-Wagah trade route. Among the affected commodities were dry fruits, including Afghan walnuts, which were being imported into India via Pakistan.
 Source:  thehindubusinessline.com
29 May, 2025 News Image CACP seeks ban on yellow pea imports, hike in duty of other pulses.
As unrestricted and cheap imports of pulses impact domestic prices and hurt farmers’ realisations, the Commission for Agricultural Costs and Prices (CACP) has recommended a ban on yellow pea imports It has also recommended that import duty on pulses such as tur (arhar), lentils and urad should be increased as part of its non-price policy recommendations for the kharif marketing season (KMS) 2025-26 to ensure better prices for the farmers.
 Source:  thehindubusinessline.com
28 May, 2025 News Image FSSAI notifies guidelines for recycled-PET material for beverage makers, labelling norms specified.
The Food Safety and Standards Authority of India (FSSAI) has notified guidelines specifying the accepted criteria for food-grade recycled PET (Polyethylene terephthalate) which can be used as food contact material by beverage makers. The guidelines, which specify various aspects of r-PET recycling, also introduced a new logo that will need to be displayed on labels along with information on the percentage of recycled PET material used in the packaging material. The food safety authority has said that this logo has been developed to ensure 'easy identification' and 'for the benefits of consumers'.
 Source:  thehindubusinessline.com
28 May, 2025 News Image Assam Eyes Southeast Asia Market Via India-Myanmar-Thailand Highway To Boost Semiconductor Exports.
Assam Chief Minister Himanta Biswa Sarma on Monday (26 May) in an interview with the Mint said the India-Myanmar-Thailand (IMT) highway will become a strategic economic corridor for Assam within the next three years, enabling the state to export semiconductor chips and attract investments from Southeast Asia.
 Source:  swarajyamag.com
28 May, 2025 News Image Application invited for the setting up of Cold Chain projects from eligible entrepreneurs.
Ministry of Food Processing Industries, Government of India, has invited proposals through Expression of Interest (EoI) dated 27.05.2025 under Scheme for Cold Chain and Value Addition Infrastructure (Cold Chain scheme) of PRADHAN MANTRI KISAN SAMPADA YOJANA (PMKSY) from eligible entities (prospective entrepreneurs) across the country for setting up of Cold Chain projects.
 Source:  pib.gov.in
28 May, 2025 News Image India's trade deal with US could unlock new export and market opportunities: Finance ministry report.
India and the US are in trade agreement negotiations, aiming to boost exports and market access. India seeks exemption from US tariffs, while the nation's economy demonstrates resilience with strong domestic fundamentals and government capital expenditure. Despite global uncertainties, India remains the fastest-growing major economy, with positive inflation outlook due to favorable monsoon forecasts and softening food prices.
 Source:  timesofindia.indiatimes.com