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Aug 11, 2025 News Image Govt forms panel to review export barriers amid global trade woes: Focus on customs duties, GST, incentives.
The government has set up a committee to examine the impact of customs duties, export incentives and refunds, goods and services tax and export clearance procedures on India's outbound shipments amid a challenging global environment. The committee, comprising senior officials of the ministries of commerce and industry, and finance among others, and trade bodies, will propose solutions to ease documentation, customs processes, port clearances and logistics, officials said.
 Source:  economictimes.indiatimes.com
Aug 11, 2025 News Image India, Oman free trade agreement likely to be announced soon: Official.
The conclusion and signing of the proposed free trade agreement between India and Oman is expected to be announced soon, an official has said. The trade pact text is being translated into Arabic in Oman. After that, the cabinets of both countries will approve the agreement, according to the official.
 Source:  economictimes.indiatimes.com
Aug 11, 2025 News Image India concludes trade deal negotiations with Oman, date of economic partnership agreement remains unrevealed.
Negotiations for a comprehensive trade deal between India and Oman, which commenced in 2023, have been concluded. 'India-Oman CEPA negotiations have been concluded,' Minister of State for Commerce and Industry Jitin Prasada informed Rajya Sabha in a written reply this week while responding to a question from Congress member Hebi Mather Hisham relating to India's trade deals.
 Source:  economictimes.indiatimes.com
Aug 11, 2025 News Image Trade stalemate: It's all about Indian kisan vs American farmers.
Trade talks between India and the United States have ended in a stalemate after five rounds of negotiations. After imposing a 50% tariff on India, US President Donald Trump has indicated that no further trade negotiations between the two countries would take place unless the tariff matter is resolved. Asked about more trade negotiations between India and the US, Trump said, 'No, not until we get it resolved.'
 Source:  economictimes.indiatimes.com
Aug 08, 2025 News Image Bangladesh: Bid deadline cut to speed up 4 lakh tonnes of rice import.
The government has shortened the tender submission period for importing 4 lakh tonnes of rice, according to a decision of the Cabinet Committee on Economic Affairs today. The move is intended to build up public food stocks and contain the price of the staple in the local market.
 Source:  thedailystar.net
Aug 08, 2025 News Image Centre Amends 2011 Edible Oil Regulation to Strengthen Supply Chain, Stabilise Prices.
Department of Food and Public Distribution (DFPD), under the Ministry of Consumer Affairs, has amended the Vegetable Oil Products, Production and Availability (Regulation) Order, 2011 to improve transparency and ensure a steady supply of edible oils across the country. The amendment aims to strengthen data collection and enable faster policy decisions in the edible oil sector, which is crucial for ensuring food security and price stability.
 Source:  krishijagran.com
Aug 08, 2025 News Image Israel envoy, Hry CM discuss mutual cooperation on agri and AI.
Israeli ambassador to India, Reuven Azar, paid a courtesy visit to Haryana chief minister Nayab Singh Saini at his official residence in Chandigarh on Thursday. During the meeting, they discussed mutual cooperation and several other important subjects. 'Haryana and Israel will work together in various sectors such as research, healthcare, agricultural technology, advanced irrigation systems and artificial intelligence,' the CM said. The chief minister stated that there was a focus on establishing a Centre of Excellence in Haryana.
 Source:  timesofindia.indiatimes.com
Aug 08, 2025 News Image Brazil and India Strengthen Ties After Trump’s Tariffs Upend Global Trade.
With President Trump’s sweeping new tariffs now in place, foreign leaders scrambled on Thursday to sort through the early fallout. Brazil and India, two of the hardest hit countries, signaled they would deepen their trade relationship, while Switzerland and others urged Washington to ease its trade brinkmanship.
 Source:  nytimes.com
Aug 08, 2025 News Image Over 1.46 Lakh Applications Received Under PMFME Scheme in FY 2024-25 Till June.
Two lakh micro food processing enterprises are targeted for credit linked subsidy under Centrally Sponsored 'Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme' in the country over a period from 2020-21 to 2025-26 with an outlay of Rs. 10,000 crores.
 Source:  pib.gov.in
Aug 08, 2025 News Image MoFPI Boosts Food Processing Sector with 1,601 Projects Sanctioned Under PMKSY as of June 2025.
The Ministry of Food Processing Industries (MoFPI) is implementing a Central Sector Umbrella scheme 'Pradhan Mantri Kisan SAMPADA Yojana (PMKSY)'. The details of the current status of the PMKSY scheme in terms of implementation and outcomes, State/UT –wise are at Annexure.
 Source:  pib.gov.in