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Apr 02, 2025 News Image CBIC to introduce e-processing of export, import through personal carriage by air pax from May 1.
The CBIC on Tuesday said it will introduce electronic processing of import/ export through personal carriage by air passengers from May 1 at specified airports. Nine airports at Delhi, Mumbai, Kolkata, Chennai, Kochi, Coimbatore, Bangalore, Hyderabad and Jaipur would allow personal carriage export of gems and jewellery. Seven airports Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad and Jaipur would allow personal carriage import of gems and jewellery.
 Source:  economictimes.indiatimes.com
Apr 02, 2025 News Image India’s wheat procurement season begins with 6 lt surplus on early purchase.
The wheat procurement season began on Tuesday with the Food Corporation of India (FCI) registering a lead of nearly 6 lakh tonnes (lt) compared with the last year due to early purchase staring from March 10 in Rajasthan.
 Source:  thehindubusinessline.com
Apr 02, 2025 News Image West African parboiled rice prices fall 25% after export duty removal.
West African parboiled rice prices have fallen 25% over the past six months following India's removal of a 10% duty on exports. Platts, part of S&P Global Commodity Insights, assessed the price of PB 5% STX CFR Cotonou at $450/mt on March 31, down from $600/mt on Sept. 27.
 Source:  spglobal.com
Apr 02, 2025 News Image Government approves export of key commodities to Maldives for 2025-26.
India on Tuesday notified exports of specified quantities of commodities like eggs, potatoes, onions, rice, wheat flour, sugar, and dal for the Maldives in the current fiscal year. The Directorate General of Foreign Trade (DGFT) in a notification said these exports have been permitted to the Maldives under the bilateral trade agreement between the countries in 2025-26.
 Source:  business-standard.com
Apr 02, 2025 News Image India exported 19.86 million tonnes rice till Mar 25 of FY25: Govt tells RS.
India has exported 198.65 lakh tonnes of rice till March 25 of the last fiscal year, surpassing the outward shipment of 163.58 lakh tonnes in the entire 2023-24 financial year. In a written reply to Rajya Sabha, Minister of State for Food and Consumer Affairs Nimuben Jayantibhai Bambhaniya said, 'The domestic production of agri-commodities. their availability and import/export is monitored closely by the government...'.
 Source:  business-standard.com
Apr 02, 2025 News Image Government lists exporters' feedback: US 2nd biggest source of curbs.
Trade restrictions imposed by the US through standards and other compliances are next only to the European Union on a platform that is being put together by the govt based on feedback from domestic industry. The commerce department, which is testing the portal, has received 24 complaints related to recent trade barriers erected by EU, followed by the US (22) and China (20), some of which have already been flagged by Indian officials during their interaction with American counterparts.
 Source:  timesofindia.indiatimes.com
Apr 02, 2025 News Image EU pushes for MFN provision in India trade talks, eyes US-style concessions.
The European Union is pressing for inclusion of a 'forward most-favoured-nation (MFN)' provision in free trade agreement (FTA) talks with India, which would require the latter to make concessions similar to those offered to the US in a proposed bilateral trade pact. The issue of MFN status figured during the last round of India-EU trade negotiations in Brussels held a fortnight ago, people familiar with the development said. Such a move would imply that reduced duties would apply uniformly across all imports.
 Source:  economictimes.indiatimes.com
Apr 02, 2025 News Image India a major geopolitical power, want strategic ties with it: Dutch FM.
India and the Netherlands are looking at firming up an ambitious agreement this year to facilitate cooperation in high technology areas such as semiconductors, Dutch Foreign Minister Caspar Veldkamp said on Tuesday. In a media interaction, Veldkamp said the Netherlands is also eyeing to firm up a strategic partnership with India as it is emerging as a major geopolitical power in the Indo-Pacific.
 Source:  business-standard.com
Apr 02, 2025 News Image India-Thailand Bilateral Trade Ties Set To Strengthen During PM Modi’s Visit.
Prime Minister Narendra Modi will visit Thailand from April 3-4 to participate in the 6th Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Summit. As part of his visit, PM Modi will hold a bilateral meeting with Thai Prime Minister Paetongtarn Shinawatra on April 3. The two leaders are expected to review bilateral cooperation and outline future partnerships between India and Thailand.
 Source:  ddnews.gov.in
Apr 02, 2025 News Image India and GCC tighten trade ties.
Deepening trade ties between India and Gulf Cooperation Council ( GCC ) countries are opening more cross-investment opportunities, with a focus on energy and logistics, while reducing the potential impact of tariffs from the United States.
 Source:  theasset.com