Pune Airport is set to enhance its international flight operations, with the addition of two new routes following the successful launch of services to Singapore and Dubai. A direct flight to Bangkok is expected to commence soon, promising increased connectivity for travelers. However, despite these developments, the cargo import service remains stalled, a situation that has persisted for over a year.
The Telangana government’s decision to offer a Rs.500 bonus per quintal of superfine paddy varieties has spurred a significant increase in the paddy area. Farmers are attracted by the promise of additional income, with the government anticipating that the paddy area will surpass the usual 23 lakh hectares for the kharif season.
The Directorate General of Foreign Trade ( DGFT ), through Trade Notice No. 19/2024-25 dated 4th October 2024, has issued a clarification regarding the requirement of a Registration-Cum-Membership Certificate ( RCMC ) for post-export remission-based schemes under the Foreign Trade Policy ( FTP ) 2023.
The Bilateral Investment Treaty (BIT) signed on 13th February, 2024 at Abu Dhabi, UAE between the Government of the Republic of India and the Government of the United Arab Emirates (UAE), entered into force with effect from 31st August, 2024. The enforcement of this new BIT with UAE gives continuity of investment protection to investors of both the countries, as the earlier Bilateral Investment Promotion and Protection Agreement (BIPPA) between India and UAE signed in December 2013 expired on 12th September, 2024.
The state government has taken a series of farmer-centric initiatives, including delivering six lakh premium saplings and building the world’s first geothermal storage facility, to transform the horticulture sector.
South African importers have welcomed India's decision to ease restrictions on rice exports. Last month, the Indian government withdrew a blanket ban on overseas shipments of non-basmati white rice. It imposed a floor price of USD 490 per tonne and exempted the commodity from export duty.
The commerce department has stepped in to work out a long-term solution to the credit woes of exporters, especially the smaller players, who are complaining of lack of access to finance with banks and RBI remaining mere spectator.
The Prime Minister, Shri Narendra Modi launched various initiatives related to the agricultural and animal husbandry sector worth around Rs 23,300 crore in Washim, Maharashtra today. The initiatives include disbursing the 18th installment of the PM-KISAN Samman Nidhi, launching the 5th installment of NaMo Shetkari Mahasanman Nidhi Yojana, the dedication of more than 7,500 projects under the Agriculture Infrastructure Fund (AIF), 9,200 Farmer Producer Organizations, five solar parks across Maharashtra with a total capacity of 19 MW and the launch of Unified Genomic Chip for cattle and indigenous sex-sorted semen technology.
Following the success of the UP International Trade Show-2024 (UPITS-2024) held recently at India Expo Mart, Greater Noida, UP government is now under plan to host similar trade shows at the divisional level across the state.
