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09 Oct, 2024 News Image India-UAE Joint Task Force Reviews Trade and Investment Ties.
The 12th Meeting of the India-UAE High Level Joint Task Force on Investments (HLJTFI) took place in Mumbai today. It was co-Chaired by Shri Piyush Goyal, Minister of Commerce & Industry, Government of India and His Highness Sheikh Hamed bin Zayed Al Nahyan, Managing Director of Abu Dhabi Investment Authority (ADIA).
 

 Source:  smestreet.in
09 Oct, 2024 News Image Bangladesh: Tariff Commission recommends removing import duty on eggs to stabilise market.
The Bangladesh Trade and Tariff Commission has asked the National Board of Revenue, or NBR, to temporarily waive the import duty on eggs to stabilise the market.
 

 Source:  bdnews24.com
09 Oct, 2024 News Image India Steps Up Economic Aid To Maldives, Signs Five Pacts, To Begin Free Trade Talks.
Prime Minister Narendra Modi met with President Mohamed Muizzu in New Delhi, reinforcing India's support for the Maldives with a financial package of INR 30 billion and USD 400 million through a bilateral currency swap agreement. 
 

 Source:  businesstoday.in
09 Oct, 2024 News Image A.P. government signs MoU with FSSAI to set up food laboratories in State.
The Andhra Pradesh government has signed a Memorandum of Understanding (MoU) with the Food Safety Standards Authority of India (FSSAI) for setting up laboratory infrastructure, testing food samples and creation of awareness on food safety among people in the State.
 

 Source:  thehindu.com
09 Oct, 2024 News Image India s rice production this year may hit a new record.

The government's latest policy to allow the export of non-basmati white rice could not have come at a more appropriate time as farmers are getting ready to harvest the country's most important autumn crop, rice. 


 Source:  thenorthlines.com
09 Oct, 2024 News Image EAM Jaishankar praises Argentina's role in Voice of Global South Summit, highlights trade ties.
External Affairs Minister S Jaishankar addressed the seventh India-Argentina Joint Commission Meeting, expressing his delight with Argentina's participation in the Voice of the Global South Summit. Jaishankar also emphasised the economic partnership, noting that trade has been thriving between India and Argentina.
 

 Source:  aninews.in
09 Oct, 2024 News Image Pacts with UAE may yield $100 billion investments: Piyush Goyal.
India and United Arab Emirates (UAE) agreements to promote investment could potentially lead to a total of about $100 billion investment from UAE to India - including the existing and future investments and projects of UAE entities in sectors such as energy, artificial intelligence, logistics, food and agriculture, Union Minister for Commerce and Industry Piyush Goyal said after the 12th meeting of the India-UAE High-Level Joint Task Force on Investments held in Mumbai on Monday.
 

 Source:  economictimes.indiatimes.com
09 Oct, 2024 News Image ASEAN-India Summit 2024: PM heads to Laos- trade, connectivity, security on agenda.

Prime Minister Narendra Modi is set to strengthen India’s strategic ties with Southeast Asia as he heads to Vientiane, Laos, on October 10-11, 2024, for the 21st ASEAN-India Summit.


 Source:  financialexpress.com
09 Oct, 2024 News Image Registration-cum-membership certificate not mandatory for exporters to seek scheme benefits: DGFT.
The commerce ministry's arm DGFT has clarified that registration-cum-membership certificate is not mandatory for exporters to seek benefits under schemes like duty drawback and remission of state levies. According to the Foreign Trade Policy, a Registration-cum-Membership Certificate (RCMC) is required for exporters in order to avail benefits under the policy.
 

 Source:  economictimes.indiatimes.com
08 Oct, 2024 News Image Commerce department proposes solutions for exporters' credit crisis.

India's commerce department is working to resolve the credit issues faced by exporters, particularly small businesses, due to a lack of access to finance. Banks and the Reserve Bank of India (RBI) have not been intervening effectively. One idea being discussed is establishing a credit guarantee fund for export finance, similar to the post-Covid loan package, which would eliminate the need for businesses to provide collaterals.


 Source:  economictimes.indiatimes.com