India remains engaged with US government: Jitin Prasada.
The government is studying all the tariff-related developments in the US for their implications and remains engaged with America, Parliament was informed on Tuesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that on February 7, an additional tariff of 25 per cent was imposed by the US on certain Indian exports over India's purchase of Russian oil.
Source: economictimes.indiatimes.com
India-EFTA trade pact marks two years.
The Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) completed two years on Tuesday, marking progress in cooperation across trade, investment, services and technology, the commerce and industry ministry said.
Source: economictimes.indiatimes.com
India should aim to be top agri, processed food exporter: Goyal.
India should aspire to become a leading exporter of agricultural and processed food products, commerce and industry minister Piyush Goyal said Tuesday. India is the seventh-largest exporter of agricultural produce and food products globally, with annual shipments valued at around Rs. 5 lakh crore.
Source: economictimes.indiatimes.com
Centre mulls insurance support for exporters dealing with ongoing West Asia crisis: Piyush Goyal.
The government is considering developing an insurance scheme to support exporters dealing with the ongoing West Asia crisis, said Commerce and Industry Minister Piyush Goyal on Tuesday. He noted that an inter-ministerial group is monitoring developments daily and is in constant touch with exporters.
Source: economictimes.indiatimes.com
Mauritius market opens for Maharashtra onions.
Maharashtra is set to expand its onion export footprint, with more than one lakh tonnes of onions from Nashik and Ahmednagar districts expected to be shipped to Mauritius, State Marketing Minister Jaykumar Rawal informed the Legislative Council on Tuesday. Replying to a question by MLC Sachin Ahir on the hunger strike by onion farmers in Chandwad, Rawal said the move is part of efforts to identify new export destinations as traditional markets face rising competition.
Source: thehindubusinessline.com
India to give tariff concession for DDGS imports from US, but with a cap.
The Indian government has considered tariff concession for imports of animal feed DDGS (dried distillers grains with solubles) from the US under a quota in its deal with Washington but the volume will be restricted, according to Rajiv Ranjan Singh, Union Minister for Fisheries, Animal Husbandry and Dairying. In a written reply to question on whether the government has given permission to import of animal feed DDGS and other grains from the US in the Lok Sabha on Tuesday, he said that in the backdrop of growing demand for animal feed in the country, DDGS has been considered for tariff concession within a quota.
Source: thehindubusinessline.com
Nagauri methi gets registered with plant variety authority.
The Protection of Plant Varieties and Farmers’ Rights Authority (PPVFRA) has formally published the registration of 'Nagauri Paan Methi' (Paan Methi) as a Community Farmers’ Variety. The registration appears in the Plant Variety Journal, February 2026 issue, conferring statutory ownership and legal rights upon the farming community of Nagaur district, Rajasthan.
Source: thehindubusinessline.com
India aims to become world’s top agri exporter as FTAs boost market access: Piyush Goyal.
Expanding global trade agreements will open new opportunities for India’s farmers, fishermen, and MSMEs as the nation secures 'preferential market' status across major international economies, said Union Minister Piyush Goyal. Speaking at the 40th edition of AAHAR, the International Food & Hospitality Fair in New Delhi, Goyal stated that India today covers two-thirds of global trade with 'preferential market access' for Indian goods and services, making the country a 'very attractive investment destination.'
Source: thehindubusinessline.com
Agriculture & Allied Sector GVA More Than Doubles to ₹48.77 Lakh Crore in 2023-24; Foodgrain Production Continues to Rise.
As per the latest estimates of GVA released by the Ministry of Statistics and Programme Implementation (MoS&PI), the composition of Agriculture & Allied Sector in total GVA is about 18%. Further, as per the National Accounts Statistics, the GVA of agriculture and Allied sector for 2014-15 is estimated at Rs. 20,93,612 Crore and for 2023-24 it is estimated at Rs. 48,77,867 Crore. Agriculture and Allied sector has recorded compound annual growth of 8.83 % for the period 2014-15 to 2023-24 at current prices.
Source: pib.gov.in
Ministry of Agriculture and Farmers Welfare releases Second Advance Estimates of Production of major agricultural crops (Kharif & Rabi) for 2025-26.
The Ministry of Agriculture and Farmers Welfare has released Second Advance Estimates of production of Major Agricultural Crops (Kharif & Rabi) for the year 2025-26. Union Minister of Agriculture & Farmers' Welfare and Rural Development, Shri Shivraj Singh Chouhan, while approving and releasing the data on major agricultural crops, stated that under the leadership of Hon’ble Prime Minister Shri Narendra Modi, the Central Government is continuously working towards the development of agricultural sectorfor the prosperity of farmers. As a result, our agriculture sector is making steady progress.
Source: pib.gov.in