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Feb 21, 2025 News Image India has no plans to import wheat for now - Piyush Goyal.
India does not plan to import wheat and its farmers are likely to harvest a bumper crop that will boost stockpiles in the world's second-biggest producer of the staple, the trade minister said on Saturday. 'Ground reports indicate that the crop is quite good and this year's production is expected at a record 114 million metric tons,' Piyush Goyal told reporters.
 Source:  thehindubusinessline.com
Feb 21, 2025 News Image Bangladesh to buy 50,000 tonnes of rice from India.
The Advisory Council on Government Procurement has approved importing 50,000 tonnes of parboiled, non-Basmati, rice from India. At its meeting on Thursday, the Council endorsed the purchase from Bagadiya Brothers at a price of $ 434.55 per tonne.
 Source:  bdnews24.com
Feb 21, 2025 News Image India US Trade Pact: Ministry-level talks likely to take place soon.
India has begun preparations for the first tranche of its bilateral trade agreement (BTA) talks with the US, officials said. The commerce and industry ministry has initiated consultations with concerned ministries and departments on the proposed deal, to understand sector-specific offensive asks or areas of India's interest.
 Source:  economictimes.indiatimes.com
Feb 21, 2025 News Image Centre revises Wheat Stock Limit until 31st March, 2025.
Government of India keeps a close watch on the prices of wheat and takes suitable appropriate interventions to ensure price stability for the consumers in the country. A total production of 1132 LMT of wheat was recorded during Rabi 2024 and there is ample availability of wheat in the country. In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India imposed stock limits on Wheat applicable to Traders/Wholesalers, Retailers, Big Chain Retailers and Processors in all States and Union Territories. The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2024 was issued on 24 June 2024 and revised on 09 September 2024 & on 11 December 2024 and was applicable for all States and Union Territories.
 Source:  pib.gov.in
Feb 21, 2025 News Image Jharkhand: Grow more chilli crops, Agri min tells farmers.
Agriculture, animal husbandry and co-operative minister Shilpi Neha Tirkey on Thursday said commercialisation of agricultural products has been an essential element for farmers to gain more profits. She particularly described chilli cultivation as a profitable business and encouraged the state farmers to pursue its commercial production.
 Source:  timesofindia.indiatimes.com
Feb 21, 2025 News Image Rishi Sunak jets in to smooth relations ahead of UK-India trade talks.
Just days before the U.K. is set to officially restart trade talks with India, Prime Minister Narendra Modi threw open the doors of parliament for a VIP visitor: former British PM Rishi Sunak. Sunak, who has kept a low-profile since last July’s election defeat, was given the full prime ministerial treatment — touring the halls of parliament, meeting senior ministers and taking the nation’s media by storm, with his visit splashed across New Delhi Television, the Hindustan Times, and the Indian Express.
 Source:  politico.eu
Feb 21, 2025 News Image FTA Negotiations To Resume India-EU March 10, India-UK Feb 25.
India and the European Union have scheduled their next round of free trade agreement (FTA) negotiations for March 10-14, according to a senior Indian government official. Additional Secretary in the Department of Commerce L Satya Srinivas announced on Monday that the European Commission delegation will arrive in India on February 28, ahead of the formal talks.
 Source:  menafn.com
Feb 21, 2025 News Image India-Russia trade gets major boost via INSTC over past year.
Trade between India and Russia using the International North South Transport Corridor (INSTC) has received a major boost over the past year with New Delhi increasing the volume of exports as it looks to reduce its substantial large trade deficit with Moscow.
 Source:  economictimes.indiatimes.com
Feb 21, 2025 News Image GDP likely grew by a median 6.3% in Q3, slightly higher than RBI’s 6.2% estimate.
The Indian economy likely picked up pace in the December quarter, fuelled by strong agricultural output, a revival in rural demand, and higher capital expenditure, according to an ET poll of economists. A median forecast of 10 economists pegged gross domestic product (GDP) growth at 6.3% in the third quarter from the year ago, with estimates ranging from 5.8% to 6.5%. In the preceding quarter, GDP growth slowed to a seven-quarter low of 5.4%.
 Source:  economictimes.indiatimes.com
Feb 20, 2025 News Image Qatar commits to investing $10 bln in India.
Qatar has committed to investing $10 billion in India across various sectors, the two nations said in a joint statement on Tuesday, after Qatar's Emir Sheikh Tamim bin Hamad Al-Thani visited New Delhi. Indian Prime Minister Narendra Modi said he had a 'very productive meeting' with Qatar's Emir, who was on a two-day visit to New Delhi.
 Source:  reuters.com