1. Home
  2. Market Intelligence
  3. Market News
Back
09 May, 2024 News Image Rupee trade pacts priority, many in final stages: Amit Shah.

India is in the 'final stages' of negotiations with many countries to work out the modalities of settling trade in Indian rupees, Union home minister Amit Shah told ET in an exclusive interview, adding that this will be a major priority of the new government.


 Source:  economictimes.indiatimes.com
09 May, 2024 News Image India s merchandise exports to grow by 12.3% in June quarter: Exim Bank.

The Export-Import Bank of India has predicted that India's total merchandise exports will reach $116.7 billion in the ongoing first financial quarter, growing 12.3% year-on-year on strong economic fundamentals and sustained manufacturing and services activity.


 Source:  livemint.com
08 May, 2024 News Image India, European Union eyeing to boost cooperation in Indo-Pacific.
India and the European Union have vowed to expand cooperation in the Indo-Pacific with a resolve to address common security challenges and promote peace and stability in the region.
The two sides explored ways to boost cooperation in the Indo-Pacific region at a security and defence dialogue in Delhi on Monday.

 Source:  business-standard.com
08 May, 2024 News Image Indian delegation holds Joint Trade Committee meet with Ghana counterparts.

A seven-member delegation from India held a Joint Trade Committee (JTC) meeting with their Ghanaian counterparts in Accra, the Ministry of Commerce and Industry said on Monday.


 Source:  thestatesman.com
08 May, 2024 News Image Deadline for import from unregistered foreign firms extended to Aug '24.
The national food regulator has decided to extend the deadline for import of food items from unregistered foreign firms until August 2024 after considering the request made by food businesses seeking time for the transition.
 

 Source:  fnbnews.com
08 May, 2024 News Image Lucknow to host largest agri trade fair in Nov.
Confederation of Indian Industry (CII) on Tuesday announced to hold the 16th annual edition of Agrotech India Agri Trade fair, rebranded as Krishi Bharat, in Lucknow between Nov 15 and 18.
Billed as one of the largest agricultural sector conclaves, the event will strive to improve the agriculture ecosystem through technology.

 Source:  timesofindia.indiatimes.com
08 May, 2024 News Image 3rd Plant Based Foods Summit.
3rd Plant Based Foods Summit will be organised by the Plant Based Foods Industry Association (PBFIA) on 21st May 2024 at Hotel Le Meridien, New Delhi. Over the past 3 years, Plant Based Foods Summit have received good support from the Ministry of Food Processing Industries (MoFPI), Ministry of Agriculture & Farmers Welfare (MoAFW), Agricultural and Processed Food Products Export Development Authority (APEDA), Food Safety and Standards Authority of India (FSSAI) and other government organisations that have shaped the previous four mega-events organised by PBFIA.
 

 Source:  krishijagran.com
08 May, 2024 News Image India offered sugarcane sop vastly in excess of WTO limits: US and Australia.
US and Australia alleged India of giving subsidies to sugarcane farmers far exceeding limits set in global trade norms.
The two countries told the WTO that they estimated that over the period 2018-19 to 2021-22, New Delhi.
 

 


 Source:  economictimes.indiatimes.com
08 May, 2024 News Image Sugar producers seek export resumption as output is likely to outdo demand.

Expecting this sugar season’s (September 2023 - October 2024) output to exceed demand, India’s sugar producers are demanding 20 lakh tonnes be allowed to be exported. The Indian Sugar and Bio-Energy Manufacturers Association (ISMA) said production has reached 314 lakh tonnes in the first seven months of the 2023-2024 sugar season. With additional output of almost six lakh tonnes expected from the sugar mills in Karnataka and Tamil Nadu, the net sugar production is estimated to be close to 320 lakh tonnes.


 Source:  thehindu.com
08 May, 2024 News Image India allows export of non-Basmati white rice to Mauritius.
The central government has permitted exports of 14,000 tonne of non-basmati white rice to Mauritius, an official notification showed.
Notably, the export of non-Basmati white rice was prohibited in July 2023 to check domestic prices and ensure domestic food security.

 Source:  economictimes.indiatimes.com