20 Mar, 2024 News Image Modi s Bhutan trip this week to result in new initiatives in energy, infra & cross-border trade.

Prime Minister Narendra Modi’s two-day trip to Thimphu from Thursday and Friday, days after his Bhutanese counterpart Tshering Tobgay visited India, will lead to several new initiatives in energy, infrastructure and cross-border trade, said people with knowledge of the matter. This will bolster bilateral ties amid China’s push to expand its outreach in the Himalayan kingdom.


 Source:  economictimes.indiatimes.com
20 Mar, 2024 News Image Agri exports rebound on meat and F&V shipments.
India’s exports of agricultural and processed food products, after slowing down in the first three quarters of the current fiscal due to restriction on rice exports, have recovered, aided by a sharp spike in shipments of meat and daily products, and fruits & vegetables.
Exports of these items under the Agricultural and Processed Food Products Export Development Authority (APEDA) basket were just above the previous year level at $ 21.6 billion during the April-February period of the current fiscal year.

 Source:  financialexpress.com
20 Mar, 2024 News Image Basmati exports set to top record $5 billion-mark this fiscal.

India’s basmati shipments are set to cross the $5 billion-mark during the current financial year on robust demand from traditional markets in Middle East and other markets such as the United States and the United Kingdom.

Basmati shipments have maintained a growth rate of about 20 per cent in the first ten months of the financial year 2023-24 (April-January) with the export value touching $4.586 billion. With shipments gathering pace in February, ahead of the Ramadan festive season, trade sources expect the value to exceed $5 billion for the current fiscal.
 

 Source:  thehindubusinessline.com
19 Mar, 2024 News Image Millet cultivation boosts incomes of Uttarakhand farmers by 10-20%, finds IIM study.
The Government’s push for millet crops has led to the increase in annual incomes of nearly three-fourths of the millet growers in Uttarakhand by about 10 to 20 per cent, reveals a study conducted by the Indian Institute of Management, Kashipur.
Four senior professors and five data collectors conducted the six-month study 'Millet Production in Uttarakhand: An Empirical Analysis of its Socio-Economic Impact and Marketability Challenges' on over 2,100 farmers.
 

 Source:  thehindubusinessline.com
19 Mar, 2024 News Image Rajasthan govt prepares draft policy to boost exports via ease of doing biz.
The Rajasthan government has prepared a draft policy to boost exports through ease of doing business, faster clearances, and digital infrastructure.
The government is seeking suggestions from industrialists, exporters, and trade bodies on the policy, sources in the government said. 'Now that the model code of conduct is in force, the final policy will be announced after the Lok Sabha elections,' they added.

 Source:  business-standard.com
19 Mar, 2024 News Image NABARD to launch Rs.1000-crore blended fund for agri-startups: chairman Shaji KV.
The National Bank for Agriculture and Rural Development (NABARD) will launch a Rs.1,000-crore fund to bolster technology-driven agri-startups and rural enterprises, said chairman Shaji K.V. on Monday.
The fund will back startups facing challenges in scaling up their operations due to limited access to equity and debt instruments, and will seek to foster new linkages in the rural ecosystem, both forward and backward.

 Source:  livemint.com
19 Mar, 2024 News Image Puducherry Agriculture Institute Develops New Variety Of Rice That Can Withstand Soil Salinity.

Rice is considered India’s most important food crop. It is a staple food and is a primary source of diet for the majority of the population in the country. Rice is cultivated using various methods, depending on the type of soil in that region. In India, a combination of traditional and modern methods are used to harvest rice crops. The salinity of the soil poses a severe threat to rice production, which results in stunted growth, and leaf damage and leads to lesser production of rice.


 Source:  news18.com
19 Mar, 2024 News Image Indonesia tenders to buy 300,000 tons of rice, traders say.
Indonesian state purchasing agency Bulog has issued an international tender to buy 300,000 metric tons of rice, European traders said on Monday.
The registration deadline for tender participation is Wednesday, March 20.

 Source:  nasdaq.com
19 Mar, 2024 News Image No need to bring slaughterhouses, meat processing units under EIA: Centre.
Animal rights activist Gauri Maulekhi approached the green tribunal last year demanding that slaughterhouses and meat processing units be brought within the ambit of EIA, 2006.
She raised concerns regarding over consumption of water at slaughterhouses, contamination of water bodies due to improper solid waste disposal and the risk of zoonotic diseases due to exposure to unhealthy carcasses among others.
 

 Source:  hindustantimes.com
19 Mar, 2024 News Image Exporters need to follow new UK rules to avail duty benefits: DGFT.
Exporters seeking to avail duty concessions on shipments to the UK will have to adhere to the new British rules under the Developing Countries Trading Scheme (DCTS).
In a trade notice, the Directorate General of Foreign Trade said that the United Kingdom (UK) has replaced its existing origin declaration process under Generalized Scheme of Preferences (GSP) with the UK DCTS effective from June 19, 2023.

 Source:  ptinews.com