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24 Apr, 2025 News Image No butter deal yet: India reportedly draws red line on US dairy over animal feed practices.
As India and the United States race to seal a comprehensive trade pact by the fall of 2025, a key sticking point has emerged that could derail negotiations: dairy imports. According to a report by Mint, Indian negotiators have drawn a firm line on the import of American dairy products, citing significant differences in animal feeding practices. Unless the US agrees to either alter these practices or adopt India’s vegetarian certification norms, dairy items such as butter and cheese will remain off the table, the report said, quoting three people familiar with the talks.
 Source:  moneycontrol.com
24 Apr, 2025 News Image Tur procurement continues in major Tur producing states.
In order to incentivize the farmers contributing for the enhancement of domestic production of pulses and to reduce the dependence on imports, the Government has approved the procurement of Tur, Urad and Masur under Price Support Scheme (PSS) equivalent to 100% of the production of the state for the procurement year 2024-25. The Government has also made an announcement in Budget 2025 that the procurement of Tur (Arhar), Urad and Masur would be undertaken 100% of the production of the State for another four years up to 2028-29 through Central Nodal Agencies namely NAFED and NCCF to achieve self- sufficiency in pulses in the country.
 Source:  pib.gov.in
24 Apr, 2025 News Image India's exports to Pakistan at 5-year high in 2024 defying bilateral tensions.
India’s merchandise exports to Pakistan reached a five-year high of $1.21 billion in 2024 despite tense ties between the two neighbours. The relations between the two countries are in the spotlight again after the April 22 terror strike in Jammu and Kashmir's Pahalgam left at least 26 people dead. The Resistance Front, a proxy of Pakistan-based Lashkar-e-Taiba, has claimed responsibility for one of the deadliest strikes against civilians in recent years.
 Source:  moneycontrol.com
24 Apr, 2025 News Image RBI provides relaxation for exports through warehouses in Bharat Mart in UAE.
The Reserve Bank on Wednesday relaxed norms to facilitate export through warehouses in 'Bharat Mart', a multimodal logistics network-based marketplace in the United Arab Emirates, that will provide Indian traders, exporters, and manufacturers access to the markets around the world. In a circular, the RBI said banks may allow exporters to realise and repatriate full export value of goods exported to 'Bharat Mart' within nine months from the date of sale of the goods from the warehouse.
 Source:  economictimes.indiatimes.com
24 Apr, 2025 News Image India first to seal trade pact terms with Trump 2.0 as talks set to begin.
India and the US have finalised the terms of reference for the proposed Bilateral Trade Agreement (BTA), laying a platform for formal negotiations to start. This is the first such framework finalised by the new Donald Trump administration for a trade deal.
 Source:  economictimes.indiatimes.com
24 Apr, 2025 News Image Huge export potential for alcoholic beverages; may reach $1 bn by 2030: APEDA Chairman.
Indian alcoholic beverages have huge potential in the global markets and the country has a lot of good products including gin, beer, wine, and rum to offer to the world, a senior government official said on Wednesday. He exuded confidence that the country's exports of alcoholic beverages will reach USD 1 billion by 2030 from the current USD 370.5 million.
 Source:  economictimes.indiatimes.com
24 Apr, 2025 News Image FTA talks: Global trade in focus as Indian officials to visit US, UK, EU, EFTA countries.
Indian officials can look forward to a packed 10 days full of pre-negotiation talks and consultations with several countries and trading blocs. India's negotiating team, led by Additional Secretary Rajesh Agrawal from the Department of Commerce, is in the United States for a 3-day visit to sort out pending issues before launching negotiations for a bilateral trade agreement (BTA).
 Source:  cnbctv18.com
24 Apr, 2025 News Image India to slow but lead world: IMF.
The International Monetary Fund (IMF) Tuesday pared India's FY26 growth forecast to 6.2%, a cut of 30 basis points from its January projection, and slashed that for the global economy in calendar year 2025 by 50 basis points to 2.8%, citing trade tensions and enhanced uncertainty due to US tariffs. India will remain the fastest growing among emerging and advanced economies, as per the IMF's projections.
 Source:  economictimes.indiatimes.com
23 Apr, 2025 News Image Prime Minister highlights the growing ties between India and Saudi Arabia.
The Prime Minister Shri Narendra Modi highlighted the growing ties between India and Saudi Arabia, in an interview with Arabnews. Shri Modi described Saudi Arabia as a trusted friend and strategic ally, emphasising the significant expansion of bilateral relations since the creation of the Strategic Partnership Council in 2019.
 Source:  pib.gov.in
23 Apr, 2025 News Image Palm Oil demand from China and India expected to rise as prices become competitive, says MPOC.
Palm oil demand from top global buyers China and India is expected to increase as the vegetable oil is now reasonably priced compared to its rivals, the Malaysian Palm Oil Council (MPOC) said on Tuesday. Palm oil is now considered 'reasonably priced' at 3,900 ringgit ($889) per metric ton, the MPOC said in a statement, adding that prices are expected to remain supported at that level, underpinned by a recovery in soybean oil prices.
 Source:  economictimes.indiatimes.com