22 Oct, 2024 News Image Bangladesh: Govt cuts rice import duty by 37% to stabilise market.
According to a gazette notification issued by the Ministry of Finance today (20 October), the existing customs duty on rice has been reduced from 25% to 15% and the existing regulatory duty has been reduced from 25% to 5%. 
 

 Source:  tbsnews.net
22 Oct, 2024 News Image Finance minister Nirmala Sitharaman calls on US investors to tap opportunities in India.

Finance minister Nirmala Sitharaman on Monday pitched the India story to a large group of pension funds and institutional investors in the US and impressed on them to take advantage of India's enormous investment opportunities.


 Source:  economictimes.indiatimes.com
22 Oct, 2024 News Image India eyes streamlined FTA strategy to address rules of origin and sustainability in trade deals.

GoI is seeking to put in place a standardised approach to negotiating FTAs to address rules of origin (ROOs) and non-tariff barriers. It's a good idea. ROOs have assumed importance due to India's pivot away from regional trade blocs in favour of bilaterals. Since the rest of the world doesn't share India's circumspection about trade blocs, it has to erect its own fences in supply chains centred around China.


 Source:  economictimes.indiatimes.com
22 Oct, 2024 News Image Comments sought on collection of recipes of Ayurvedic food products.
The FSSAI has sought comments from stakeholders, on collection of recipes of Ayurvedic food products.
The food is called Ayurveda Aahara and includes 38 varieties such as snacks made of black gram, wheat flour bread, confectionery items, fermented beverages, jaggery and milk preparations.

 Source:  fnbnews.com
22 Oct, 2024 News Image India poised to sustain growth trajectory, likely to be world's 3rd-largest economy by 2027: FM Nirmala Sitharaman.

Finance Minister Nirmala Sitharaman on Monday said India is poised to continue its growth trajectory and is likely to become the world's third-largest economy by 2027. India currently is the fifth largest economy in the world with a GDP of around USD 3.9 trillion.


 Source:  economictimes.indiatimes.com
21 Oct, 2024 News Image Rice exports a tad lower in H1, but trade sees shipments gaining pace in year ahead as govt eases curbs.
India’s rice exports in value terms were a tad lower during the first half of the current financial year on a dip in non-basmati shipments, but exporters see a pick up in shipments in the year ahead with the Government easing curbs recently on both the category of rice.
 

 Source:  thehindubusinessline.com
21 Oct, 2024 News Image At WTO, India breathes fire over Dragon's trade policies.

India has questioned several moves by China at the World Trade Organisation (WTO), turning the heat on non-transparent subsidies that lead to an influx of low-priced, poor-quality goods into the country, harming its local industries.


 Source:  economictimes.indiatimes.com
21 Oct, 2024 News Image CBIC issues Compliance Requirements for Health Certificate for Import of Food Consignments following India-Bhutan FSSAI-BFDA Agreement.

The Central Board of Indirect Taxes and Customs ( CBIC ) has issued Compliance Requirements for Health Certificates on food consignments imported from Bhutan, following the implementation of the Agreement signed between the Food Safety and Standards Authority of India ( FSSAI ) and the Bhutan Food and Drug Authority ( BFDA ).


 Source:  taxscan.in
21 Oct, 2024 News Image Bangladesh: Govt cuts rice import duty by 37% to stabilise market.

According to a gazette notification issued by the Ministry of Finance today (20 October), the existing customs duty on rice has been reduced from 25% to 15% and the existing regulatory duty has been reduced from 25% to 5%.


 Source:  tbsnews.net
21 Oct, 2024 News Image Bangladesh: Another 2.31 lakh eggs imported from India.
Dhaka-based importer 'Hydro Land Solution' brought it the consignment costing Tk5.70 per egg.
With a Tk1.83 import duty at the land port, the buying price of each egg stands at over Tk7.5.  The government has permitted the import of 4.5 crore eggs in phases.

 Source:  tbsnews.net