India’s AYUSH Exports Surge to $689 Million in 2024–25, Up 6.1%.
India’s exports of AYUSH and herbal products grew 6.11 per cent, reaching $688.89 million in 2024–25, up from $649.2 million the previous year, the government said on Sunday. The growth comes after the establishment of the AYUSH Export Promotion Council (AYUSHEXCIL), which has been promoting Indian traditional medicine and wellness products globally through trade facilitation, international exhibitions, B2B meetings, and regulatory support for exporters.
Source: indianewengland.com
Two Key Interventions Launched to Strengthen MSME Exports under Export Promotion Mission.
As part of the initial rollout of the Export Promotion Mission, two key interventions under the NIRYAT PROTSAHAN sub-scheme have been launched to strengthen MSME exports and improve access to trade finance. The first intervention relates to interest subvention for pre- and post-shipment export credit, aimed at reducing the cost of export credit and easing working-capital constraints faced by MSME exporters.
Source: pib.gov.in
'India’s traditional systems of medicine are living traditions, not relics of the past': Vice President of India.
The Vice President of India, Shri C. P. Radhakrishnan, today inaugurated the 9th Siddha Day celebrations at Kalaivanar Arangam, Chennai, underscoring the relevance of Siddha medicine as a comprehensive, preventive and sustainable healthcare system in the contemporary world. Addressing a distinguished gathering of policymakers, practitioners, academicians and students, he highlighted Siddha’s strong philosophical foundations, scientific depth, and its holistic integration of body, mind and nature.
Source: pib.gov.in
Centre unveils 184 climate‑resilient seed varieties across 25 crops to combat climate change.
In a significant boost to India’s agricultural research and seed development ecosystem, Union Agriculture Minister Shivraj Singh Chouhan on Saturday dedicated climate resilient 184 improved varieties of 25 crops to the nation, underscoring the government’s thrust on raising productivity and farmers’ incomes. Addressing a gathering of scientists and government staff to witness the release, Chouhan said India has achieved 'unprecedented success' in the development of high-yielding seeds.
Source: thehindubusinessline.com
India-UK trade pact expected to come into force by first half of 2026: British envoy.
The India-UK Comprehensive Economic and Trade Agreement (CETA) is expected to be implemented in the first half of 2026, marking a new era in partnership between the two nations, British Deputy High Commissioner Andrew Fleming said. Speaking to PTI, he described the pact as the most 'comprehensive and ambitious' deal negotiated by both governments.
Source: economictimes.indiatimes.com
India announces Rs.7,295 crore export credit support package to ease financing for exporters.
India on Friday announced a Rs. 7,295 crore export support package, comprising a Rs. 5,181 crore interest subvention scheme and Rs. 2,114 crore collateral support, to improve exporters' access to credit. Both measures will be rolled out over a period of six years from 2025-2031. This is the second component of the Export Promotion Mission to be launched after the first component, Rs. 4,531 crore market access support, was rolled out last week.
Source: economictimes.indiatimes.com
India urges Russia to lower trade barriers for Indian exports amid rouble pile-up.
India is reportedly pressing Russia to ease trade barriers on Indian electronics, engineering goods, food products and fisheries in an effort to encourage Moscow to utilise $50-55 billion worth of roubles accumulated in bank accounts due to the oil-driven trade imbalance. According to The Times of India, Indian exporters are facing multiple hurdles in accessing the Russian market. In the electronics sector, software-related requirements imposed by Russian authorities have emerged as a key obstacle, while stringent standards are delaying shipments of engineering goods. Local language compliance requirements are also proving to be a challenge for some product categories.
Source: economictimes.indiatimes.com
AYUSH gets recognition in India's free trade pacts with Oman, New Zealand.
The commerce ministry on Sunday said India's traditional medicine system - AYUSH - has received formal recognition in bilateral trade agreements with Oman and New Zealand. Both the agreements, which were finalised last year in December, have dedicated annexures on health-related services and traditional medicine.
Source: economictimes.indiatimes.com
Centre pushes states to speed up farm scheme spending, warns of fund delays.
Union Agriculture Minister Shivraj Singh Chouhan on Saturday urged states to adopt a strategic approach to budget utilisation, warning that delays in spending allocated funds result in losses for states and hamper the timely release of subsequent central instalments. Addressing a review meeting with state agriculture ministers, Chouhan said states must ensure funds earmarked for various schemes are spent before March to avoid administrative bottlenecks that delay the effective implementation of programmes.
Source: economictimes.indiatimes.com
India becomes world's largest rice producer, surpasses China: Agriculture Minister Shivraj Singh Chouhan.
India has become the world's largest rice producer, beating China, with a total output of 150.18 million tonnes, Union Agriculture Minister Shivraj Singh Chouhan said on Sunday, as he released 184 new varieties of 25 crops. These new high-yielding seed varieties would boost crop production and enhance farmers' income, he said, while directing the ministry officials to ensure that these new varieties reach farmers quickly.
Source: economictimes.indiatimes.com