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13 Sep, 2024 News Image Trade and commerce with Bangladesh has started: EAM spokesperson Randhir Jaiswal.

Ministry of External Affairs Spokesperson Randhir Jaiswal on Thursday said that trade and commerce have started with Bangladesh. 'Trucks carrying essential commodities and other items are plying between the two countries carrying essential commodities,' said the the spokesperson in a press conference.


 Source:  economictimes.indiatimes.com
13 Sep, 2024 News Image 'Unfair and imbalanced': Jaishankar on India's trade ties with China.
External affairs minister S Jaishankar, who is on the Switzerland visit, said on Thursday that India's economic relationship with China has been very 'unfair' and 'imbalanced'.
Speaking at an event in Geneva, Jaishankar claimed that 75 per cent of the 'disengagement' problems at India's long and mountainous border with China had been sorted out, reported news agency Reuters.

 Source:  timesofindia.indiatimes.com
13 Sep, 2024 News Image India & Ireland aim to build strategic partnership, may announce joint economic commission this year.
India and Ireland are in the process of negotiations over the establishment of a joint economic commission with expectation of announcing it by the end of this year. Such a commission is one of several bilateral initiatives that could serve as a stepping stone to a strategic partnership agreement sometime in the near future.
 

 Source:  theprint.in
13 Sep, 2024 News Image IIAB Expo 2024: Connecting Agri-Business Leaders and Showcasing Global Trends.

The India International Agri Business Expo 2024 (IIAB 2024) held in Hyderabad in India attracted attention from key players in the agriculture sector. The event provided a platform for discussing the latest trends and solutions in agri-business.


 Source:  en.krishakjagat.org
13 Sep, 2024 News Image Soyabean oil imports hit seasonal high in August amid fall in local soyabean prices below MSP.

India's crude soyabean oil imports reached a seasonal high of 4,54,639 tonnes in August, even as local soyabean prices have dropped below the minimum support price (MSP), industry body Solvent Extractors Association (SEA) said on Thursday. According to SEA, crude soyabean oil imports in August 2023 stood at 3,57,890 tonnes. The share of non-palm oils, including soyabean oil, made up 48 per cent of the total vegetable oil imports.


 Source:  economictimes.indiatimes.com
13 Sep, 2024 News Image India shifted from corn export to poultry meat production growth.
India’s transformation from a major corn exporter to a net importer has significantly impacted global markets, driven by the country’s burgeoning poultry industry and its ambitious bioethanol production goals.
 

 Source:  avinews.com
13 Sep, 2024 News Image FSSAI direction regarding omission related to labelling for fortified food.
Ths FSSAI has issued a direction regarding omission of the sub-regulation (4) of the regulation 7 of the Food Safety and Standards (Fortification of Foods) Regulations, 2018, related to labelling requirements for fortified food products.
 

 Source:  fnbnews.com
13 Sep, 2024 News Image Duty refund scheme may be extended beyond September.
Govt is hoping to extend the duty remission scheme for exporters beyond Sept, but a decision on interest subvention is awaited in the absence of a finance ministry nod, as per a TOI report.
TOI Sources said the duty refund scheme or RoDTEP is likely to continue in its existing form as govt seeks to ensure that exports stay competitive and are not burdened by levies.

 Source:  economictimes.indiatimes.com
13 Sep, 2024 News Image Trade Connect e-Platform aims to raise India's exports market share: Goyal.

Union Commerce and Industry Minister Piyush Goyal on Wednesday launched a new trade portal to provide real-time trade-related information to existing and aspiring exporters and exuded confidence that it will help India improve its global market share.


 Source:  business-standard.com
13 Sep, 2024 News Image India's growth potential above 7.5%: RBI Governor Shaktikanta Das.
India's growth potential is 7.5 per cent or more, RBI chief said on Friday, which is a little above the bank's full-year forecast for 2024 of 7.2 per cent.
 

 Source:  deccanherald.com