India willing to cut tariffs substantially, talks ongoing, will know by end of week: Trump.
US President Donald Trump Wednesday said that America is in talks with India for a trade deal and the latter is willing to cut tariffs 'very substantially'. His statement came hours after he announced 25% tariffs on India along with an unspecified additional penalty, to punish the New Delhi for making energy purchases from Russia.
Source: economictimes.indiatimes.com
9 firms sign deals to import soyabean oil from China into India.
Nine Indian companies, including Patanjali Foods, Adani Wilmar and multinational companies such as Cargill, Bunge, ADM and Louis Dreyfuss, have signed deals with two Chinese exporters to import soyabean oil between September and December this year. While a record 1.5 lakh tonnes have been signed for imports, more shipments of the soft oil will likely take place if the offer prices continue to be competitive, trade sources said.
Source: thehindubusinessline.com
CM Yogi Adityanath Launches Youth Conclave, Highlights UP’s Shift from Chinese Goods to ODOP Success.
Uttar Pradesh Chief Minister Mr. Yogi Adityanath on Wednesday strongly emphasized the transformation of the state’s entrepreneurial ecosystem, declaring that products under the One District One Product (ODOP) initiative are now outpacing Chinese goods in the local market. Addressing the Youth Conclave 2025 at Indira Gandhi Pratishthan, Lucknow, the Chief Minister recalled that before 2017, Chinese goods dominated festival markets, but that trend has reversed due to policy interventions focused on self-reliance and local enterprise.
Source: indianmasterminds.com
APEDA to open regional office in Raipur 'boost for agri export growth' says govt.
The Union Ministry of Commerce and Industry has approved setting up the regional office of APEDA in Raipur, the Chhattisgarh government said on Wednesday. Welcoming the development, the government stated that farmers and producers will get access to a wide range of export-related services under one roof of the Agricultural and Processed Food Products Export Development Authority (APEDA).
Source: theweek.in
India projected to grow 6.4% in 2025 & 2026, reform momentum driving stable growth: IMF.
India is projected to grow at 6.4 per cent in fiscal year 2025 and 2026, and the country's stable growth is driven by a reform momentum supporting robust consumption growth and a push for public investment, the International Monetary Fund has said. The IMF released its World Economic Outlook (WEO) Update on Tuesday.
Source: economictimes.indiatimes.com
'Crop production rose from 246.42 million tonnes to 353.96 million tonnes in last 10 years' – Shivraj Singh.
Union Minister for Agriculture, Farmers Welfare, and Rural Development, Shri Shivraj Singh Chouhan, on Tuesday, during the Question Hour in the Lok Sabha, provided a comprehensive update on the state of agriculture in the country. He shared facts and figures to highlight that the campaign to increase farmers’ income is progressing steadily under the leadership of Prime Minister Narendra Modi.
Source: pib.gov.in
Production of Crude Palm Oil.
Edible oil imports are required to bridge the gap between domestic production and consumption till self-sufficiency in edible oils is achieved. Government of India is implementing a centrally sponsored scheme National Mission on Edible Oils - Oil Palm (NMEO-OP) for the period 2021-22 to 2025-26. NMEO-OP strives to boost oil palm cultivation in the country through area expansion. Till March 2025, 1.89 lakh hectares area had been covered under NMEO-OP, taking the total coverage under oil palm in the country to 5.56 lakh hectares. Crude Palm Oil (CPO) production has risen from 1.91 lakh tonnes in 2014-15 to 3.80 lakh tonnes in 2024-25.
Source: pib.gov.in
Milk Processing Centres in Bihar.
Department of Animal Husbandry & Dairying (DAHD), Government of India is implementing the National Programme for Dairy Development (NPDD) scheme across the country to complement and supplement the efforts for milk processing infrastructure made by the State Government.
Source: pib.gov.in
To ease agricultural exports in Bihar, APEDA centre will be opened in Patna.
Exports in Bihar’s agricultural products such as Makhana, shahi litchi, jardalu mango, katrani rice, are going to be easier. Foreign products from Bihar can now be exported directly. This will also increase the income of farmers of Bihar. The Modi government at the Centre has approved the opening of the Agricultural and Processed Food Export Development Authority (APEDA) in Patna. A place has been allotted in the Annexe Bhawan of Mithapur Krishi Bhawan complex. It will be inaugurated soon.
Source: thecsrjournal.in
Beneficiaries under PM-Kisan.
The PM-KISAN scheme is a central sector scheme launched in February 2019 by the Hon’ble Prime Minister to supplement the financial needs of farmers with cultivable land-holding. Under the scheme, a financial benefit of Rs 6,000/- per year is transferred in three equal instalments, into the Aadhaar seeded bank accounts of farmers through Direct Benefit Transfer (DBT) mode. Under the PM-KISAN Scheme, cultivable landholding is primary eligibility criteria to receive benefit of the Scheme subject to some certain exclusions relating to higher income status.
Source: pib.gov.in