1. Home
  2. Market Intelligence
  3. Market News
Back
16 Jan, 2025 News Image Rupee depreciation will boost India’s export competitiveness in US, EU: Govt sources.
The depreciation of the rupee should be considered in the context of currency trends across the globe, government sources have noted. They pointed out that the rupee has been appreciating relative to most other currencies, including those of emerging economies.
 Source:  cnbctv18.com
16 Jan, 2025 News Image DGFT Updates Schedule II of India’s Export Policy.
The updated 'Schedule-II (Export Policy)' aligns with the Finance Act 2024, which was notified on August 16, 2024. The revised schedule includes the current export policy for all ITC (HS) codes, along with any specific conditions that must be met. Previously, specific policy conditions were only applied to goods with restrictions or special regulations.
 Source:  india-briefing.com
16 Jan, 2025 News Image Bangladesh: Consignment of 2,450 tons of Indian rice arrives at Darshana Port.
A consignment of 2,450 tons of rice imported from India has arrived in Bangladesh via Chuadanga’s Darshana Land Port. The rice, transported by rail, arrived at the Darshana port yard around 9pm on Tuesday in 42 wagons from India’s Gede Port, authorities said, the Daily Star reported on Wednesday.
 Source:  goachronicle.com
16 Jan, 2025 News Image Dr. Philipp Ackermann, Ambassador of the Federal Republic of Germany, Meets Dr. Devesh Chaturvedi, Secretary, Ministry of Agriculture and Farmers Welfare.
Dr. Philipp Ackermann, Ambassador of the Federal Republic of Germany, called on Dr. Devesh Chaturvedi, Secretary, Ministry of Agriculture and Farmers Welfare (MoA&FW), at Krishi Bhawan. The meeting provided an opportunity to explore avenues for further enhancing cooperation in agriculture and allied sectors, including post-harvest technology, organic and natural farming, and agricultural mechanization.
 Source:  pib.gov.in
16 Jan, 2025 News Image The cumulative exports (merchandise & services) during April-December 2024 is estimated at USD 602.64 Billion, as compared to USD 568.36 Billion in April-December 2023, an estimated growth of 6.03%.
India’s total exports (Merchandise and Services combined) for December 2024* is estimated at USD 70.67 Billion, registering a positive growth of 0.92 percent vis-à-vis December 2023. Total imports (Merchandise and Services combined) for December 2024* is estimated at USD 77.44 Billion, registering a positive growth of 6.40 percent vis-à-vis December 2023.
 Source:  pib.gov.in
16 Jan, 2025 News Image India, Oman aiming to seal mega trade deal.
India and Oman are looking at sealing a broad trade and investment pact this year that will cut tariffs on each other’s goods and boost the overall trade basket in line with renewed vigour in the relations, especially in the economic sphere. The negotiations for a comprehensive economic partnership agreement (CEPA) gained new momentum after Oman’s Sultan Haitham bin Tarik travelled to India over a year back.
 Source:  tribuneindia.com
15 Jan, 2025 News Image India doing FTAs only after extensive stakeholder consultations: Piyush Goyal.
Commerce and Industry Minister Piyush Goyal on Tuesday said India is finalising free trade agreements (FTAs) only after extensive consultations with all the concerned stakeholders. He said that unlike in the past, these pacts are now fair, equitable and balanced.
 Source:  economictimes.indiatimes.com
15 Jan, 2025 News Image Dominican Republic enacts rice tariffs.
A pair of policy directives signed into law by Dominican Republic President Luis Abinader just before the new year have put burgeoning exports of US rice to the country in the crosshairs, according to industry advocate USA Rice.
 Source:  world-grain.com
15 Jan, 2025 News Image 10 foundational principles of governance have been the pillar of this decade of unprecedented transformation: Union Minister Shri Piyush Goyal, in Chennai.
Union Minister of Commerce and Industry Shri Piyush Goyal has said that under the dynamic leadership of Prime Minister Shri Narendra Modi, during the last 10 years, 10 foundational principles of governance have been the pillar of this decade of unprecedented transformation. The foundational principles include decisive leadership, root cause analysis, outcome-oriented action, rule of law & transparency, time-bound execution, Prioritization of issues, accountability & monitoring, adoption of technology, innovative financing and partnership with all stakeholders. The Minister made these remarks in Chennai today while rendering a speech at theThuglak Annual Meet.
 Source:  pib.gov.in
15 Jan, 2025 News Image Optimistic about higher agri growth in FY25 on good monsoon: Principal secy to PM.
India's agriculture sector is poised for stronger growth in the 2024-25 fiscal year, driven by favourable monsoon conditions, according to Principal Secretary to the Prime Minister P K Mishra. 'Monsoon has been good... I am very optimistic this year,' Mishra told PTI in an interview.
 Source:  economictimes.indiatimes.com