02 Apr, 2024
India had favorable trade performance with EU, China in 2023: govt. India’s imports from China declined 3% in calendar year 2023 over 2022, the commerce and industry ministry said Monday, adding that exports to both China and the EU rose 7.1% and 2.1%, respectively during the period. Source: economictimes.indiatimes.com |
01 Apr, 2024
WTO: Members make progress with SPS Agreement Sixth Review, discuss trade concerns. Every four years, WTO members review how they are implementing the SPS Agreement. The proposed process for the Sixth Review was discussed and adopted by members at an SPS Committee meeting in November 2023. Proposals covering diverse topics such as modern challenges, regionalization, technology, transparency and follow-up to the MC12 SPS Declaration work programme were discussed, paving the way for an extensive agenda for the Committee's work in 2024. Source: wto.org |
01 Apr, 2024
Govt directs NCCF & NAFED to initiate procurement of 5 lakh tonnes of onion. In the current year, Government has directed NCCF and NAFED to initiate procurement of 5 lakh tonnes of onion for the buffer requirement directly from the farmers as Rabi-2024, harvest started arriving in the market. For the procurement, NAFED and NCCF are to pre-register the onion farmers to ensure that payments to the farmers are transferred to their bank accounts through Direct Benefit Transfer. Source: fnbnews.com |
01 Apr, 2024
Alcoholic beverages, jam among 12 items to get export push. India is looking to increase the export of agricultural value added products by forging partnerships with retail chains and supermarkets of countries like the United Arab Emirates. The commerce department has identified 12 value added food items, including jams, jellies and marmalades, alcoholic beverages, fruit pulp products, dehydrated vegetables and ready to eat products for the purpose. Source: economictimes.indiatimes.com |
01 Apr, 2024
EAM Jaishankar sees tech, trade booster for Malaysia ties. Foreign minister S Jaishankar described Malaysian Indians as a strong 'living bridge' and Malaysia as a 'reliable partner preparing for an era of closer relations', conveying New Delhi's most emphatic affirmation yet of the winds of change setting in between the two countries as he announced a road map of sorts for the next decade of engagement. Source: timesofindia.indiatimes.com |
01 Apr, 2024
GDP set to grow 8% or more in Jan-March quarter: FM Nirmala Sitharaman. India's gross domestic product (GDP) will grow by 8% or more in the fourth quarter of current fiscal year, Finance Minister Nirmala Sitharaman said on Saturday. Sitharaman said that the economy is expected to show the same rate of year-on-year expansion for the 2023/24 financial year due to the impact of improved inflation management and macroeconomic stability. Source: economictimes.indiatimes.com |
01 Apr, 2024
FSSAI issues revised list of labs for testing micronutrients in FR, FRK. The national food regulator has issued a revised list of notified laboratories for testing of micronutrients in Fortified Rice (FR), Fortified Rice Kernel (FRK) and Vitamin-Mineral Premix for Fortified Rice Kernel. This order supercedes the previous order regarding the notified labs. Source: fnbnews.com |
01 Apr, 2024
Closing ceremony of the International Year of Millets 2023 took place at the FAO headquarters, Rome, Italy in a hybrid set up. The Food and Agriculture Organization (FAO) organized closing ceremony of the International Year of Millets (IYM) 2023 on 29 March 2024 at the FAO headquarters, Rome, Italy. The high-level hybrid event that allowed participants to join both in-person and virtually and was graced by esteemed dignitaries from various parts of the world, including Additional Secretary, Department of Agriculture and Farmers Welfare Smt. Maninder Kaur Dwivedi from Govt. of India. Source: pib.gov.in |
01 Apr, 2024
India a potential superpower, will seal FTAs on our terms: Goyal. India is a potential superpower and would not rush into closing Free Trade Agreements (FTAs) unless these are on New Delhi’s own terms, said Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs and Food & Public Distribution, and Textiles. Source: indianexpress.com |
01 Apr, 2024
FTAs and new markets will increase India's export to USD 1 trillion by 2030. Despite global trade uncertainties, India's exports are charting a new course, bilateral agreements, free trade agreement (FTA) and venturing into uncharted territories like Africa, Latin America, and Central Asia have led to all time high export of USD. With these new initiatives, India has seen a surprising surge in exports of precious metals, minerals, automobiles, electronics, pharmaceuticals, organic chemicals, textiles, spices and defence equipment. Source: economictimes.indiatimes.com |