Agriculture ministry urges states to get more GI tagged unique products.
To help farmers secure premium pricing and gain access to global markets for their unique products, the agriculture ministry has urged states to take proactive measures. These include setting up nodal agencies at the state and district levels to identify and register more products, creating specialised marketing platforms, and exploring financial assistance through various central sector schemes.
Source: financialexpress.com
India eyes doubling bilateral trade with Türkiye: Envoy.
India aims to double its bilateral trade with Türkiye, the country's ambassador to Ankara said recently, pointing there are areas where 'good progress' can be made. Speaking to Anadolu Agency (AA), Muktesh Pardeshi, the South Asian country's new ambassador to Ankara, emphasized India’s goal of doubling bilateral trade with Türkiye to strengthen ties further.
Source: dailysabah.com
India reviews Donald Trump's new trade policy.
India is conducting a legal review of US President Donald Trump's America First Trade Policy to gauge its implications on the country's trade agenda. The commerce and industry ministry is undertaking a paragraph-wise review of the executive order issued by Trump last week on the trade policy that entails the US identifying countries with which it can negotiate agreements bilaterally or on a sector-specific basis.
Source: economictimes.indiatimes.com
Central Government announces structured timeline for compliance with Amendments in labelling Provisions under the Legal Metrology (Packaged Commodities) Rules, 2011.
Government of India has introduced a revised timeline for implementing amendments in the Legal Metrology (Packaged Commodities) Rules, 2011. To facilitate smooth implementation, it has been decided that any amendments to labelling provisions will come into effect on either January 1st or July 1st, subject to a minimum transition period of 180 days from the date of notification. This approach provides ample time for businesses to adapt to the changes.
Source: pib.gov.in
Pulses import double to record 66.33 lakh tonnes during 2024.
India’s pulses imports almost doubled to an estimated record 66.33 lakh tonnes during the 2024 calendar year. This followed the government move to make imports duty-free to boost supplies and keep prices under check on shortfall in domestic output during the year.
Source: thehindubusinessline.com
Chana outlook turns bearish on hopes of higher domestic crop, rising imports.
As new chana (bengal gram) crop begins arriving in the Karnataka and Maharashtra markets, prices have started trending lower, hovering around or below the minimum support price (MSP) level of ₹5,650 per quintal. Chana or desi chickpea is quoting between Rs.5,500 and Rs.6,300 a quintal. The minimum support price for chana for the 2024-25 marketing season has been raised from Rs.5,440 per quintal last year.
Source: thehindubusinessline.com
India, UK to relaunch talks on free trade, investment pact: UK high commissioner.
The UK and India will relaunch talks on free trade and a bilateral investment treaty, British High Commissioner to India Lindy Cameron said Wednesday. This follows Prime Minister Narendra Modi and UK Prime Minister Keir Starmer’s decision to resume FTA negotiations, on the sidelines of the G-20 Summit in November.
Source: economictimes.indiatimes.com
Bangladesh imports rice from India, Myanmar.
A vessel, Atn Victory, has arrived at Chittagong port with 22,000 metric tonnes of Atap rice from Myanmar purchased under a government-to-government (G2G) agreement, food ministry’s senior information and public relations officer Imdad Islam said on Wednesday (January 29). Besides, the ship MV BMC Pandora has arrived at Chittagong Port with 15,000 metric tonnes of parboiled rice from India, imported through an open tender.
Source: en.somoynews.tv
PM Modi to visit US in Feb, announces Trump.
Prime Minister Narendra Modi will visit the White House sometime in February, US President Donald Trump announced late on Monday (Tuesday IST) as he termed the ties between the two countries as 'very good' and claimed that India will do the 'right thing' on illegal immigration. Indian Prime Minster Narendra Modi and U.S. President Donald Trump leave the stage at NRG Stadium after a rally on September 22, 2019 in Houston, Texas. (Getty Images) Indian Prime Minster Narendra Modi and U.S. President Donald Trump leave the stage at NRG Stadium after a rally on September 22, 2019 in Houston, Texas. (Getty Images) Trump’s statements came hours after a call with Modi -- one that the White House described as 'productive', and one in which Trump asked India to buy more made-in-America security equipment and move towards a 'fair' trading partnership. In an address to Republican lawmakers after the call on Monday, Trump threatened tariffs against India, clubbing it with China and Brazil as countries that 'mean the US harm' and exploited the US market.
Source: hindustantimes.com
Australia to invests $200 million to strengthen trade and business ties with India, says Philip Green.
Australia is significantly boosting its commitment to trade and investment with India, according to Philip Green, the Australian High Commissioner to India. Speaking to CNBC-TV18 Green highlighted that Australia will be investing $200 million for government business support across various sectors in India.
Source: cnbctv18.com