India has recorded trade surplus with as many as 151 countries such as the US and Netherlands, while the country has a trade deficit with 75 nations including China and Russia during the first half of this year, according to think tank GTRI. The Global Trade Research Initiative (GTRI) said that India does not need to worry about the trade deficit from importing crude oil and coal, however, it must focus on reducing the industrial goods imports, especially from countries like China, as these threaten India's economic sovereignty.

The Telangana horticulture department is considering a novel approach to enhance fruit production by linking it to the National Rural Employment Guarantee Scheme (NREGS).

This initiative aims to encourage farmers to produce fruits 50 acres in each mandal across the state. According to the Indian Council of Medical Research, the average fruit consumption in Telangana is 99 grams per day, slightly below the recommended 100 grams.

In a letter to the revenue board, the ministry recently wrote that the prices of potatoes and onions in Dhaka's markets have remained high for several months.

'We have asked the NBR to reduce the duties imposed on the three goods. They are working to this end. Hopefully, a decision on this will come soon,' Md Selim Uddin, commerce secretary told The Business Standard yesterday (1 September).

02 Sep, 2024 Over 500 FPOs to participate in Samunnati s FPO Conclave in Hyderabad on Sept 3-4. Representatives of over 500 farmer producer organisations (FPOs) from across 20 States in the country will participate in the fourth edition of Samunnati’s FPO conclave in Hyderabad on September 3, 2024, and September 4, 2024. Source: thehindubusinessline.com
02 Sep, 2024 India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024, says GTRI. India has recorded trade surplus with as many as 151 countries such as the US and Netherlands, while the country has a trade deficit with 75 nations including China and Russia during the first half of this year, according to think tank GTRI. The Global Trade Research Initiative (GTRI) said that India does not need to worry about the trade deficit from importing crude oil and coal, however, it must focus on reducing the industrial goods imports, especially from countries like China, as these threaten India's economic sovereignty. Source: economictimes.indiatimes.com
02 Sep, 2024 Telangana: Subsidies for T ryots for expanding fruit acreage. The Telangana horticulture department is considering a novel approach to enhance fruit production by linking it to the National Rural Employment Guarantee Scheme (NREGS). This initiative aims to encourage farmers to produce fruits 50 acres in each mandal across the state. According to the Indian Council of Medical Research, the average fruit consumption in Telangana is 99 grams per day, slightly below the recommended 100 grams. Source: timesofindia.indiatimes.com
02 Sep, 2024 Mauritius invites Indian SMEs to get duty-free export benefit under AGOA. Mauritius is inviting Indian Small and Medium Enterprises (SMEs) to set up their units in the island country to capitalise on duty-free export benefit under the African Growth and Opportunity Act (AGOA), an envoy said here. Source: business-standard.com
02 Sep, 2024 Bangladesh: Withdraw import duty on onion, potato and eggs: Commerce to NBR. In a letter to the revenue board, the ministry recently wrote that the prices of potatoes and onions in Dhaka's markets have remained high for several months. 'We have asked the NBR to reduce the duties imposed on the three goods. They are working to this end. Hopefully, a decision on this will come soon,' Md Selim Uddin, commerce secretary told The Business Standard yesterday (1 September). Source: tbsnews.net
02 Sep, 2024 India sets 5% higher kharif rice procurement target at 48.5 mt in 2024-25 season. The Indian government has fixed kharif-grown rice (paddy converted in terms of rice) procurement target at 48.5 million tonnes (mt) for the 2024-25 marketing year (October-September), up from the actual procurement of 46.3 mt in the current season. Still, it has asked States to focus on increasing purchases of nutri-cereals (Shree Anna). Source: thehindubusinessline.com
02 Sep, 2024 Use organic fertilisers to ensure soil does not turn infertile: Chouhan. Union Minister Shivraj Singh Chouhan on Saturday urged farmers to switch to organic fertilisers to save the soil from turning infertile and also for the betterment of human health. The Union minister for agriculture and farmers welfare was interacting virtually with farmers and 'Swayampurna Mitras' (officials assigned to deliver government schemes) of Goa. Source: business-standard.com
02 Sep, 2024 World Food India - Alco-bev, plant-based & post-harvest in sharp focus. India’s biggest congregation of policy makers & regulators, global investors, business leaders and key executives, the World Food India, a mega food event, is all set to unveil its third edition from September 19 to 22, 2024 at Bharat Mandapam, Pragati Maidan, New Delhi. Source: fnbnews.com
30 Aug, 2024 Vadhavan port will boost exim trade through West Asia, Europe: Sarbananda Sonowal. The upcoming Rs.76,220-crore Vadhavan port, for which Prime Minister Narendra Modi will perform a groundbreaking ceremony on Friday, will play a 'crucial role' in the proposed India–Middle East–Europe Corridor (IMEEC) and the International North–South Transportation Corridor (INSTC) projects, said the Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal. Source: thehindubusinessline.com
30 Aug, 2024 Centre redesigns Agricultural Infrastructure Fund to cover FPOs. The Union Cabinet, on Wednesday (August 28, 2024), expanded the scope of the Agricultural Infrastructure Fund (AIF). The scheme, worth Rs.1 lakh crore, would be redesigned to include financial support for Farmers’ Producers Organisations (FPOs) to enhance their financial security and creditworthiness. The Centre said the AIF would be more attractive now and strengthen the farm-related infrastructure facilities in the country. Source: thehindu.com