India And Bhutan Sign MoU on Technical Cooperation in Agriculture and Allied Sectors.
Shri Devesh Chaturvedi, Secretary, Ministry of Agriculture and Farmers’ Welfare, Government of India and Mr. Thinley Namgyel, Secretary, Ministry of Agriculture and Livestock (MoAL), Royal Government of Bhutan signed a Memorandum of Understanding (MoU) in Thimpu to further strengthen cooperation in the fields of agriculture and allied sectors. The signing of MoU represents a significant milestone in the enduring partnership between India and Bhutan, reflecting the two countries’ shared commitment to food security, sustainable farming, and rural prosperity. It will serve as a framework for collaboration in various areas outlined in the MoU including agricultural research and innovation, livestock health and production, post-harvest management, value chain development, and the exchange of knowledge, skills, and expertise.
Source: pib.gov.in
FM Sitharaman assures exporters of full govt support, safeguarding their interests amid US tariffs: FIEO.
Finance Minister Nirmala Sitharaman on Thursday assured an exporters' delegation that the government stands firmly with them in this challenging time and is committed to addressing their concerns, while exploring every possible avenue to safeguard their interests amidst high US tariffs, FIEO said in a statement. The assurance was given to a delegation of the Federation of Indian Export Organisations (FIEO) led by its President S C Ralhan.
Source: economictimes.indiatimes.com
Increasing production and reducing costs essential to make agriculture profitable: Agriculture Minister.
Union Minister for Agriculture and Farmers' Welfare, Shivraj Singh Chouhan, on Wednesday said that while India has become self-reliant in wheat and rice production, cutting farming costs and increasing production are key to making agriculture more profitable. There is a pressing need to lower input costs so that farmers can earn better incomes. Speaking at the 64th All India Wheat and Barley Research Workers' Workshop, Chouhan also emphasised increasing the production of wheat and barley.
Source: tribuneindia.com
No compromise on red lines, sensitivities in India-US trade pact, sources say.
Negotiations between India and the US for the proposed trade pact will depend on how each side addresses the sensitivities and the red lines, sources told PTI. As far as India is concerned, they said, it has already made it clear that there will be no compromise on issues concerning farmers, fishermen, and small units.
Source: economictimes.indiatimes.com
India's huge domestic consumption can offset export losses to US: GTRI.
Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI), noted that India can offset the loss of US trade to some extent through increased domestic consumption. The 50 per cent Trump tariffs on India come into effect starting today, posing challenges for the country's US-oriented exporters.
Source: economictimes.indiatimes.com
India, South Korea bolster strategic ties around security, trade, supply chain.
South Korean Foreign Minister Cho Hyun's recent visit to India enhanced bilateral cooperation in areas like technology, security and economic collaboration, as both countries marked 10 years of their Special Strategic Partnership. According to a new report, both the countries expressed interest in unhindered trade routes by maintaining a secure and stable regional environment.
Source: ap7am.com
Thai rice exports hit by India stock release, rising competition.
Chukiat Opaswong, honorary president of the Thai Rice Exporters Association (TREA), told Thansettakij that India’s planned stock release aims to make room for new-season crops. Much of the rice will be used for ethanol production and poverty alleviation, but part will enter the open market.
Source: nationthailand.com
India, Africa co-creating shared future built on trust, collaboration.
Together with India, Zimbabwe can write the next great chapter of South-South cooperation, demonstrating to the world, that partnerships among developing nations can drive innovation, build industries, and create a more equitable, global economy, said H.E. Gen. (Retd) Dr C.G.D.N. Chiwenga, Vice President, Republic of Zimbabwe.
Source: economictimes.indiatimes.com
'Increasing wheat and barley production and reducing costs is essential': Shri Shivraj Singh Chouhan.
Union Agriculture and Farmers’ Welfare Minister Shri Shivraj Singh Chouhan said that while India today is self-reliant in the production of wheat and rice, it is equally important to reduce agricultural costs so that farming becomes more profitable. He made the statement while addressing the 64th All India Wheat and Barley Research Workers’ Workshop as the chief guest at Rajmata Vijayaraje Scindia Agricultural University, Gwalior today.
Source: pib.gov.in
US-India relationship ‘complicated’, but ‘at the end of the day we will come together’, says US Treasury Secretary Scott Bessent.
On the day 50 per cent tariffs on Indian goods imported into the US took effect, US Treasury Secretary Scott Bessent said that the India-US relationship is a 'complicated' one, but added that he believed that 'at the end of the day' the two countries will 'come together'. Speaking to television news channel Fox Business, Bessent suggested that the recent unease in the relationship between New Delhi and Washington was not just due to India’s hefty purchases of Russian oil, but also the delay in the two countries reaching a trade agreement.
Source: indianexpress.com