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08 Apr, 2024 News Image India-Singapore bilateral trade grew 18.2% to $35.6 bln in FY 2022-23.
The bilateral trade between Singapore and India rose to USD 35.6 billion in 2022-23, a growth of 18.2 per cent on the year, a senior diplomat at the Indian High Commission here said on Saturday. Singapore is India's eighth largest trade partner (2022-23), with a share of 3.1 per cent of India's overall trade, T Prabakar, the First Secretary (Commerce) at the high commission said.
 

 Source:  economictimes.indiatimes.com
05 Apr, 2024 News Image Potato export from India sees significant increase in January 2024.
In January 2024, the export of potato varieties for processing from India witnessed a substantial increase, attributed to the Red Seas crisis and delays in receiving materials from Europe. This situation has led to a higher international demand for Indian potatoes. Despite the export boom, India faces domestic challenges, notably in Gujarat, where potato yields have been lower than expected due to late blight diseases. The demand for processed variety potatoes in India has also seen an increase, raising concerns over potential shortages.
 

 Source:  freshplaza.com
05 Apr, 2024 News Image Govt allows export of 1000 tonnes of Kala namak rice, UP farmers to benefit.

The Centre has allowed export of 1,000 tonnes of Kala namak raw rice, a premium non-basmati variety from Uttar Pradesh, through any of six select destinations, including ports, without duty, after certification by the State government. Currently, export of parboiled rice alone is allowed at a 20 per cent rate of duty, while shipment of all other non-basmati rice varieties is prohibited.


 Source:  thehindubusinessline.com
05 Apr, 2024 News Image Northeast India To Become Export Hub For Bangladesh, ASEAN Markets.
The Indian government is rapidly implementing a comprehensive strategy to transform the landlocked northeastern region into an export hub for markets in Bangladesh and the Association of Southeast Asian Nations (ASEAN).
This initiative comes as India negotiates an improved free trade deal with the 10-nation ASEAN bloc, aiming to conclude the revised agreement by 2025, reported HT.

 Source:  knnindia.co.in
05 Apr, 2024 News Image RBI and NPCI push for bringing down cost of remittances at WTO.

India has made a strong case to reduce the cost of cross-border remittances to promote international trade at the World Trade Organization (WTO), said people with knowledge of the matter. At a virtual meeting last week, senior officials of the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) highlighted the steep cost of making payments across national borders.


 Source:  economictimes.indiatimes.com
05 Apr, 2024 News Image Bangladesh: 678 tons of potatoes imported from India via Hili.
The import of potatoes from India to Bangladesh has increased as 678 tons were imported on Wednesday through the Hili landport.
Importers said they will continue to import potatoes until the demand remains in the domestic market.
On Tuesday, 348 tons of potatoes were imported in 13 trucks and on Monday, 57 tons of potatoes were imported in two trucks through the port.
 

 Source:  dhakatribune.com
05 Apr, 2024 News Image Russian Government approves duty-free import of up to 100,000 tons of tomatoes until May 31.
The Russian government has approved a resolution exempting the import of up to 100,000 tons of tomatoes from customs duties until May 31, 2024.
According to the government's press release, the decision is geared towards securing stable prices for this commodity by augmenting its supply in the domestic market.

 Source:  hortidaily.com
05 Apr, 2024 News Image Curtains ring down on International Year of Millets.
The International Year of Millets (IYM2023), which was aimed at creating a buzz around the production and consumption of millets, has officially been concluded.
At a meeting held at the Food and Agriculture Organisation (FAO) headquarters in Rome on March 29, representatives from key stakeholders spoke on the need to continue the momentum.

 Source:  thehindubusinessline.com
05 Apr, 2024 News Image Centre to increase wheat procurement from Bihar, Rajasthan UP drastically.
The central government plans to sharply increase wheat procurement from Bihar, Rajasthan and Uttar Pradesh, taking it up to 50 LMT in Rabi Marketing Season (RMS) 2024-25 from last season's 6.5 LMT, said a senior official in the food ministry adding that this will help the government in meeting its procurement target of 310 LMT and restoring the allocation of wheat in various food security programmes.
 

 Source:  economictimes.indiatimes.com
05 Apr, 2024 News Image India s food regulation authority FSSAI launches initiatives to curb food adulteration.
To tackle food adulteration, the Food Safety and Standards Authority of India (FSSAI) has launched an innovative method to curb and detect the pervasive issue of food adulteration.
According to FSSAI webiste, it has launched a 'Detect Adulteration with Rapid Test (DART) Book', which serves as a guide for consumers to identify common food adulterants in household items. 

 Source:  theprint.in