India emerging a major source and market for Fairtrade products
“India is fairly new market and so a new opportunity for us to grow representing local production in the local market. So that is a very exciting opportunity,” said Lisa Pesak, Global CEO, Fairtrade International told businessline.
Source: https://www.thehindubusinessline.com
New GST rates: A boon for agriculture and farmers’ prosperity
The new GST (Goods and Services Tax) rates mark a major transformation in the agriculture and dairy sectors. With the reduction in GST rates, farmers, agricultural and dairy workers, and livestock owners across the country are expressing joy and gratitude to Prime Minister Shri Narendra Modi and Union Finance Minister Smt. Nirmala Sitharaman. Union Agriculture Minister Shri Shivraj Singh Chouhan termed the new rates a revolutionary decision, expressing hope for historic changes.
Source: https://www.pib.gov.in/
Brazil's Lula calls for tighter trade ties for BRICS as tariffs bite
"Tariff blackmail is being normalized as a tool for conquering markets and interfering in domestic issues," Lula said in the government's published remarks of a Monday virtual meeting of BRICS leaders, without directly citing the United States.
Source: https://www.reuters.com/
ECGC plans measures to help exporters deal with high tariffs
The Commerce Ministry on Tuesday said Export Credit Guarantee Corporation (ECGC) has proposed several measures, including covering losses from non-delivery of goods and providing enhanced cover for banks up to an export credit limit of Rs 50 crore, to help exporters cope with tariff disruptions.
Source: https://economictimes.indiatimes.com/
Next-Gen GST Overhaul: Staple Foods Tax-Free, Processed Foods at 5% - Big Relief for Consumers and Small Businesses.
The GST Council in its 56th meeting on 3rd September, 2025 made the recommendations relating to changes in GST tax rates; provide relief to individuals, common man, aspirational middle class and measures for facilitation of trade in GST. The reduced GST rates will be effective from 22nd September, 2025.
Source: pib.gov.in
India, Qatar may finalise trade pact terms in October.
India and Qatar are likely to finalise the terms of reference for a bilateral trade agreement next month and once these are finalised, commerce and industry minister Piyush Goyal may visit Qatar, officials said on Monday. Goyal is also likely to meet EU trade commissioner MaroS Šefcovic Friday, even as the 13th round of India-EU free trade agreement talks are underway in New Delhi, they said.
Source: economictimes.indiatimes.com
Progress of area coverage under Kharif crops as on 05.09.2025.
The Department of Agriculture & Farmers’ Welfare has released progress of area coverage under kharif crops as on 5th September 2025.
Source: pib.gov.in
Israel FM, Piyush Goyal discuss trade, investment ties, growth avenues.
Commerce and industry minister Piyush Goyal on Monday met Israel finance minister Bezalel Smotrich and they discussed further strengthening trade and investment ties and exploring new avenues for mutual growth. 'Delighted to meet Mr. @BezalelSm, Finance Minister of Israel.
Source: economictimes.indiatimes.com
Indian startup PeelOn develops banana packaging.
India produces nearly 37 million tons of bananas annually, but exports remain at about 8.2 million tons. The commerce ministry reported banana exports worth US$377.5 million in FY25, a 30 per cent increase year-on-year. Exporters continue to face challenges in maintaining fruit quality during long-distance shipments.
Source: freshplaza.com
India amends export policy for some animal by-products.
The government on Monday revised the export policy for certain animal by-products to align with specific European Union (EU) regulations. These products include dog or cat food meant for retail sale, compounded animal feed, and concentrates for compound animal feed.
Source: economictimes.indiatimes.com