22 Apr, 2024 News Image Peru-based top potato research centre to set up India wing.

SEVEN YEARS after China got a regional centre of Peru-based International Potato Center (CIP), the premier research-for-development organisation with focus on potato and sweetpotato, India is set to get a similar centre. The CIP-South Asia Regional Centre (CIP-SARC) is expected to come up in Agra.


 Source:  indianexpress.com
22 Apr, 2024 News Image Russia warns Pakistan of banning rice imports over phytosanitary concerns.

Russia has warned Pakistan that it would ban rice imports again if Moscow's phytosanitary concerns are not addressed in future consignments after a quarantine organism was detected in the rice consignment. The warning came after Russia's Federal Service for Veterinary and Phytosanitary Surveillance (FSVPS) issued a notification regarding violations of international and Russian phytosanitary requirements over a shipment of rice imported from Pakistan.


 Source:  timesofindia.indiatimes.com
22 Apr, 2024 News Image FSSAI creates category for dried fruits, seeds under FoSCoS.

After receiving representations from food businesses, the FSSAI has decided to create Food Product category for 'Edible Dried Fruits/ Vegetable Seeds' for the purpose of licensing through FoSCoS.


 Source:  fnbnews.com
22 Apr, 2024 News Image India exported record oilmeals in 2023-24.
Despite a decline in exports of many agricultural commodities, the export of soybean meal has revived while that of rapeseed meal has seen a remarkable growth in the last three years.
Oilmeals are the residue left over after the extraction of oil from oilseeds and it is widely utilized as livestock feed globally.

 Source:  aninews.in
22 Apr, 2024 News Image India is emerging as a major manufacturing & export hub with launching of new schemes : Ashwini Vaishnav.

The Union Minister Shri Ashwini Vaishnaw said, with the introduction of new schemes and  preparing a framework in about a dozen different industrial sectors in the field of transport, power supply, logistic, digital connectivity and few other fields the country enabling to enhance exports upto the value of one lakh crore dollars by the year 2030 in the international market as such the country may  become a hub for the manufacturing as well as exports in future, under this framework.


 Source:  indiashippingnews.com
22 Apr, 2024 News Image Good market access offered on both sides, says UK on India FTA talks.

There has been good market access offered on both sides but not enough to secure a free trade agreement (FTA), the UK government has said as Indian negotiators are in London this week to continue discussions with their British counterparts.


 Source:  business-standard.com
22 Apr, 2024 News Image India s exports to China, UAE, Russia, Singapore rose in 2023-24.

China, Russia, Iraq, UAE, Singapore are among countries where India’s exports in the just-concluded financial year have risen substantially, though with a low base.


 Source:  theprint.in
19 Apr, 2024 News Image India Eyes Review Of 2011 FTA With Japan To Address Trade Imbalance.
India is likely to initiate negotiations with Japan in the coming months to review their 2011 free trade agreement (FTA), formally known as the Comprehensive Economic Partnership Agreement (CEPA).
The primary objective for India is to address the persistent trade deficit it has faced with Japan since the implementation of the CEPA, reported Mint.

 Source:  knnindia.co.in
19 Apr, 2024 News Image IMF raises India's GDP growth forecast by 30 bps to 6.8% for FY25.
The International Monetary Fund (IMF) on Tuesday raised India’s GDP growth projection for 2024-25 by 30 basis points to 6.8 per cent in its update to the World Economic Outlook (WEO), citing buoyant domestic demand. However, the fund’s estimate is below the 7 per cent growth projection by the government.
 

 Source:  business-standard.com
19 Apr, 2024 News Image India's trade deficit with ASEAN expands since FTA of 2010.

India's trade deficit with the Association of Southeast Asian Nations (ASEAN) has surged, more than doubling since the implementation of the Free Trade Agreement (FTA) in 2010.


 Source:  economictimes.indiatimes.com