16 May, 2024 News Image Number of Agri startups jumps multifold to 7,000 in last 9 years: Report.
The number of startups in agriculture and allied sectors has risen to over 7,000 in the last nine years due to a conducive business environment and government support, a report said.
Before 2014-15, there were less than 50 startups in agriculture and allied sectors, according to a report titled 'Transformation of India's Agriculture' released by the Federation of All India Farmer Associations (FAIFA) on Wednesday.

 Source:  business-standard.com
16 May, 2024 News Image India Registers Record $778 Billion Export In 2023-24: Report.

India registered record exports in the just concluded financial year 2023-24 at USD 778 billion, sources in the commerce ministry said. In 2022-23, the country exported goods and services combined at USD 776.3 billion.


 Source:  ndtv.com
16 May, 2024 News Image Govt plans to formulate SOPs for negotiating free trade agreements.
India is considering formulating standard operating procedures (SOP) for negotiating free trade agreements (FTAs) as the country is engaging with several trade partners for such pacts, an official said.
To discuss the various aspects of these agreements, the commerce ministry is organising a two-day 'Chintan Shivir' on FTA strategy and SOPs for trade negotiations.

 Source:  business-standard.com
16 May, 2024 News Image Chabahar brings to fore India's hidden infrastructural play.

Construction of a gargantuan network of roads, highways, tunnels, bridges, airports, metros and high-speed trains is the showpiece of the Narendra Modi government. But one crucial piece of Modi's massive infrastructure upgrade remains invisible to voters.


 Source:  economictimes.indiatimes.com
15 May, 2024 News Image India seeking fair market access ahead of the India-Asean FTA review.
Last year, Commerce and Industry Minister Piyush Goyal called the free trade agreement (FTA) between India and the 10-member Association of Southeast Asian Nations (ASEAN) nations an 'ill-conceived' agreement and 'unfair' to the Indian industry at a public forum.
 

 Source:  business-standard.com
15 May, 2024 News Image Government working to help exporters deal with countervailing duty cases.

The government is working on a verification system to help exporters deal with countervailing duty cases on domestic products over the RODTEP scheme, an official said. The exercise is important as countervailing or anti-subsidy duties were imposed on certain domestic units by the US and European Union (EU).


 Source:  economictimes.indiatimes.com
15 May, 2024 News Image Chabahar Port development to help India expand trade routes; need to ensure necessary infra: GTRI.

The development of Chabahar Port will help India enhance its logistical capabilities and expand its trade routes to Central Asia and for that there is a need to ensure necessary infrastructure, and processes to effectively manage the cargo flow at the port, economic think tank GTRI said on Tuesday.


 Source:  economictimes.indiatimes.com
15 May, 2024 News Image ICAR-IARI s PUSA Krishi Hosts 'Parichay 2024': Igniting Innovation in Agri-Entrepreneurship.

PUSA Krishi, ICAR-IARI hosted 'Parichay 2024' an event dedicated to fostering connections and celebrating collaboration among startups incubated under the DST scheme. The meticulously curated event by PUSA Krishi promised a day of insightful discussions, networking opportunities and showcasing innovative solutions shaping the future of agriculture.


 Source:  krishijagran.com
15 May, 2024 News Image Bangladesh: Onion imports resume as India lifts export ban.
This marks the resumption of onion imports through Hili Land Port after nearly six months of hiatus. 
The Indian government lifted its ban on onion exports on 4 May.
Ahmed Ali, an importer at the port, said the Indian government had lifted the export ban on onions and fixed the export price at $550 per metric tonne. 
 

 Source:  tbsnews.net
15 May, 2024 News Image India's April palm oil imports jump 34 pc on lower global prices.

India's palm oil imports registered a 34.11 per cent jump on-year in April to 6,84,000 tonnes, buoyed by a fall in global prices, the Solvent Extractors' Association of India (SEA) said on Tuesday. Palm oil accounted for 52 per cent of India's total edible oil imports of 13,04,409 tonnes in April, the trade body said in a statement, adding that sunflower and soybean oils import stood at 6,20,315 tonnes.


 Source:  economictimes.indiatimes.com