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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 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 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 Govt bans import of watermelon seeds due to excess supply
India imported 83,812 tonne of watermelon seeds last fiscal against almost double the average import of 40,697 tonnes in the last three years, according to the Ministry of Commerce website.The government has taken the decision to ban watermelon seeds imports based on the plea by Laghu Udyog Bharati, an all-India organisation dedicated to protect interest of Micro and Small Enterprises.
 Source:  https://www.thehindubusinessline.com
Jun 24, 2025 News Image Asean not keen to review trade pact: Government.
Commerce and industry minister Piyush Goyal on Tuesday said little headway was made in the review of 15-year-old free trade agreement (FTA) with Asean, despite nine rounds of negotiations since 2022.The minister's statement came days after controversy erupted over his comments on some of the Asean countries being a B-team of China. While the assertion was not taken favourably by some of the countries.
 Source:  timesofindia.indiatimes.com
Jun 24, 2025 News Image Telangana custard apple seeks GI tag.
The famed Balanagar custard apple now seeks a Geographical Indication (GI) registration to protect its unique identity. Three farmer-based organisations – Pomal Farmer Producer Company Limited, Farmer Producer Company Limited and The Primary Agricultural Cooperative Society – have applied for the GI tag with funding support from the National Bank for Agriculture and Rural Development (NABARD).
 Source:  thehindubusinessline.com
Jun 24, 2025 News Image India–US trade deal hits rough patch days before 26% tariff deadline.
India's proposed trade deal with the US has run into rough weather with Indian authorities resisting the insistence of their counterparts to allow lower-duty import of American agricultural products such as maize and soybean, fearing adverse impact on farmers and health concerns related to genetically modified food, according to ToI.
 Source:  economictimes.indiatimes.com
Jun 24, 2025 News Image India charting new road with record export, free trade agreements: Piyush Goyal.
India is charting a new road to economic prosperity with record export figures and multiple free trade agreements, commerce minister Piyush Goyal said on Monday, highlighting the Vanijya Bhawan’s efficient infrastructure, effective support systems and positive work environment that was created three years ago.
 Source:  hindustantimes.com
Jun 24, 2025 News Image Coffee Board of India reports surge in coffee exports.
Data released by the Coffee Board of India has shown an increase in the country’s coffee exports, with more than 25 per cent growth recorded so far in FY2025-26 compared to the previous year. The announcement from the Board highlights the continuation of a strong coffee export industry, which in FY2024-25 saw exports rise 40.20 per cent to stand at US$1803 million. This was up considerably compared to the US$1286 million recorded in FY2023-24.
 Source:  gcrmag.com
Jun 24, 2025 News Image Govt holds extensive consultations on FTAs to protect public, industry interests: Piyush Goyal.
Commerce and industry minister Piyush Goyal Monday said the government holds extensive stakeholder consultations on the free trade agreements (FTAs) and is pursuing these pacts while keeping in mind the interests of the domestic industry. He said that India is keeping in mind both the offensive and defensive interests of industry while negotiating these agreements.
 Source:  economictimes.indiatimes.com