The Centre is likely to extend a key support scheme for export credit to enhance competitiveness of India's export sector, which was hit hard by slowdown in the developed countries, said people familiar with the matter.

Sugar production in India is set to rise next season (October-September) because of the prospect of better monsoon, but govt indicated on Tuesday that there is no plan to allow export of the sweetener at least during the current season. Govt wants to keep a watch on the rainfall in different regions.

India on Wednesday allowed limited imports of corn, crude sunflower oil, refined rapeseed oil, and milk powder under the tariff-rate quota (TRQ), where importers pay nil or lower duty, as New Delhi tries to bring down food inflation.

At the meeting, President To Lam extended congratulations to the leaders and people of India for successfully organizing the recent 2024 general election.

India and the UAE are exploring creating a virtual trade corridor to facilitate quicker clearance of shipments. Under the proposal, approvals and clearances related to customs will be given online on both sides.

Saddled with a high trade deficit more than a decade after implementing a free trade agreement with Malaysia, India is set to begin a review process of the pact in a joint commission meeting to be held soon with its trade partner to expand and diversify the trade basket and make it more balanced, sources have said.

Indian coffee exporters are witnessing an increase in demand from European buyers who are seen building inventory ahead of the deadline for compliance to the proposed European Union Deforestation Regulation (EUDR) norms. 

In order to prevent hoarding and unscrupulous speculation, and also to improve affordability to the consumers in respect of tur and chana, Government of India has issued an order where it has imposed stock limits on pulses applicable to wholesalers, retailers, big chain retailers, millers and importers. The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2024 has been issued with immediate effect from June 21, 2024.

The US Trade and Development Agency has approved grant funding for technical assistance to help create an integrated aviation hub at the Hisar Airport in Haryana, aiming to develop airport cargo and logistics infrastructure to strengthen India's supply chain network, a top official has said.