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06 Feb, 2025
Projects under agriculture infrastructure fund.
With an objective to address the existing gaps in post-harvest management infrastructure in the country, the flagship scheme of Agriculture Infrastructure Fund (AIF) was launched in 2020-21 to strengthen the infrastructure in the country through creation of farm gate storage and logistics infrastructure to enable farmers to store and preserve their farm produce properly and sell them in the market at better price with reduced post-harvest losses and lesser number of intermediaries.
Source:
pib.gov.in
06 Feb, 2025
India’s agri subsidies must not exceed 10% of crop value under WTO, says Shivraj Singh Chouhan.
As a developing country, India can provide subsidies to agricultural sector through mechanisms such as Minimum Support Price (MSP). However, these subsidies must be within 10 per cent of the production value of the crop, and WTO (World Trade Organisation) must be notified about this support annually, said a reply by the government in Parliament.
Source:
thehindubusinessline.com
06 Feb, 2025
Better roads, expansion of controlled atmosphere result in rise of Kashmir apples export.
A significant rise in the export of Kashmir apples has been recorded, with 2,000 metric tons of the fresh fruit being shipped to markets outside the valley between January 2024 and January 2025. This surge in exports has contributed to over Rs 12,000 crore in revenue, underscoring the impact of enhanced road connectivity and the expansion of Controlled Atmosphere (CA) storage facilities in Kashmir.
Source:
deccanherald.com
06 Feb, 2025
Govt considering export of limited quantity specialty sugar.
The Government is considering the export of 15,000 tonnes of specialty sugar annually, which will not come under the purview of any restrictions, even if imposed. Currently, sugar export is allowed through a permit system issued by the Food Ministry, and there is no separate distinction made for specialty sugar, which are essentially valued-added products.
Source:
thehindubusinessline.com
06 Feb, 2025
Exporters encouraged to trade new rice varieties.
Aimed at promoting export opportunities for non-basmati rice varieties, Anbil Dharmalingam Agricultural College and Research Institute (ADAC&RI) here on Wednesday conducted a workshop for farmers, entrepreneurs, and exporters. Participants visited the sample paddy fields where the advantages of cultivating TRY3 and TRY5 rice varieties were explained.
Source:
timesofindia.indiatimes.com
06 Feb, 2025
India’s coffee exports crossed $1 billion in 2024; Italy the top destination.
India’s coffee exports crossed $1 billion for the first time in the eleven months of the year, as exports to Europe nearly doubled, prompting even Prime Minister Narendra Modi to boast about India’s growing prowess in the coffee market. 'Today, I feel happy when, along with Indian tea, our coffee is also spreading its fragrance in the world. It is making a splash in the markets,' Prime Minister Narendra Modi said in his reply to the Motion of Thanks on the President's Address in Lok Sabha.
Source:
moneycontrol.com
06 Feb, 2025
India working on compromise proposal to resolve origin rules differences with EU in FTA talks.
India is working on a compromise proposal to resolve differences with the European Union on issues such as rules for determining the origin of goods, and thereby duty concessions as part of bilateral free trade agreement (FTA) talks.
Source:
economictimes.indiatimes.com
06 Feb, 2025
Plan is to create separate agency to implement BharatTradeNet: DGFT.
The Budget announcement to set up BharatTradeNet as a unified platform for trade documentation and financing solutions is an ambitious proposal and there is a plan to create a not-for-profit company to implement this project, a senior government official said on Tuesday. Proposed on the lines of Unified Payments Interface (UPI), the platform will help in moving towards complete digitisation of the entire range of trade documentation and then allow seamless operability of different agencies whichare involved in this, Director General of Foreign Trade (DGFT) Santosh Kumar Saranagi told reporters here.
Source:
economictimes.indiatimes.com
06 Feb, 2025
Việt Nam and India trade reached $15 billion in 2024.
Bilateral trade turnover between Việt Nam and India reached around US$15 billion in 2024, marking a 4.5 per cent increase compared to 2023, according to the General Department of Việt Nam Customs. Of this total, Việt Nam’s exports to India amounted to $9.06 billion, up 7.6 per cent year-on-year, while imports from India stood at $5.8 billion, down 0.6 per cent.
Source:
vietnamnews.vn
06 Feb, 2025
India's Modi to visit US and meet Trump next week.
Indian Prime Minister Narendra Modi will visit the US next week and meet President Donald Trump, the White House says. Other reports say Modi will attend a dinner hosted by the US president on the two-day trip. The dates of the official working visit have yet to be announced.
Source:
bbc.com
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