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Jun 26, 2025 News Image Bihar sets litchi export record with 250 tons.
Bihar's Shahi litchi, noted for its distinctive sweetness and pulp, recorded an export milestone in 2025. A total of 250 tons of this fruit shipped from Darbhanga airport to key Indian cities reflects a 108% increase over the previous year's 120 tons.
 Source:  freshplaza.com
Jun 26, 2025 News Image UAE Ambassador to India Launches Landmark Start-up Series to Power Cross-Border Innovation.
The UAE-India CEPA Council (UICC), in partnership with the Embassy of the United Arab Emirates in India, launched the UAE–India CEPA Start-up Series in New Delhi. The initiative delivers on a key commitment under the UAE–India Comprehensive Economic Partnership Agreement (CEPA) to promote innovation-led collaboration and support the internationalisation of Indian start-ups.
 Source:  economictimes.indiatimes.com
Jun 26, 2025 News Image Basmati export centre coming up in Pilibhit to boost premium production.
Farmers in Pilibhit are preparing to take their high-quality Basmati rice to over 100 countries with support from the Agricultural and Processed Food Products Export Development Authority (APEDA). To boost exports and improve local production, APEDA is setting up Uttar Pradesh's second Basmati Export Development Foundation (BEDF) in Pilibhit, following a Rs 10 crore project in Meerut.The move comes after efforts by Union minister of state for commerce and industry Jitin Prasada who is also the MP of Pilibhit.
 Source:  timesofindia.indiatimes.com
Jun 26, 2025 News Image US & EU trade pacts to be concluded soon: Nirmala Sitharaman.
The negotiations for a bilateral trade deal with the United States and a free trade agreement with the European Union (EU) are progressing 'really intensely' and should be concluded soon, finance minister Nirmala Sitharaman said Tuesday. Countering a US-led narrative that India is a 'tariff king,' she said the government has brought down customs duty slabs to eight 'including the zero rate' and that effective rates are much lower than the tariff rate, or the maximum possible tax on imports.
 Source:  economictimes.indiatimes.com
Jun 25, 2025 News Image US & EU trade pacts to be concluded soon: Nirmala Sitharaman
The negotiations for a bilateral trade deal with the United States and a free trade agreement with the European Union (EU) are progressing "really intensely" and should be concluded soon, finance minister Nirmala Sitharaman said Tuesday. Countering a US-led narrative that India is a "tariff king," she said the government has brought down customs duty slabs to eight "including the zero rate" and that effective rates are much lower than the tariff rate, or the maximum possible tax on imports.
 Source:  https://economictimes.indiatimes.com/
Jun 25, 2025 News Image India, UK likely to sign trade pact by July end; commerce secretary in London: Official
The process of legal scrubbing of the India-UK free trade agreement (FTA) text is progressing at a faster pace, and the pact is expected to be signed by the end of July, an official said on Tuesday.To give an impetus to the process, Commerce Secretary Sunil Barthwal is in London with his official team.Barthwal will meet UK Secretary of State for Business and Trade Jonathan Reynolds and other British senior officials during his two-day visit.
 Source:  https://economictimes.indiatimes.com/
Jun 25, 2025 News Image Centre approves procurement of summer moong, urad in MP, urad in UP
The Agriculture Ministry has approved the procurement of summer moong and urad from Madhya Pradesh and urad from Uttar Pradesh at minimum support price (MSP).Agriculture Minister Shivraj Singh Chouhan held a meeting with the agriculture ministers of the two States and approved the procurement under the Price Support Scheme (PSS), according to an official statement.
 Source:  https://www.thehindubusinessline.com/
Jun 25, 2025 News Image Union Commerce and Industry Minister Shri Piyush Goyal Chairs Review Meeting on PLI Scheme
India must focus on the sectors in which India has competitive edge over other countries and address the problems faced by the various stakeholders so that country’s exports can grow. This was stated by Union Minister of Commerce and Industry, Shri Piyush Goyal at the review meeting on Production Linked Incentive Scheme, one of the notable initiatives for making India “Aatmanirbhar’ in the manufacturing sector.
 Source:  https://www.pib.gov.in/PressReleasePage.aspx?PRID=2139489
Jun 25, 2025 News Image CBIC extends NOC validity for imported alcoholic beverages
The Central Board of Indirect Taxes and Customs (CBIC) has extended the validity of no objection certificate (NOC) for imported alcoholic beverages bottled at origin or in bulk with more than 10% alcohol content.
 Source:  https://economictimes.indiatimes.com
Jun 25, 2025 News Image Centre approves procurement of 2.5 lakh tonnes of mangoes from Karnataka
The central government has approved the procurement of mangoes from Karnataka. This is under the Market Intervention Scheme for 2025-26. Union Minister HD Kumaraswamy requested this due to surplus production and falling prices. The procurement price is set at ₹1,616 per quintal. Agriculture Minister Shivraj Singh Chouhan responded to Kumaraswamy's concerns about low mango prices.
 Source:  https://economictimes.indiatimes.com