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Aug 07, 2025 News Image Farmers’ interests remain paramount in Indo-US trade deal in agriculture: Centre.
The Centre on Tuesday informed the Lok Sabha that the interests of Indian farmers and national food security remain non-negotiable priorities in the ongoing discussions for an Indo-US bilateral trade agreement, especially in the agriculture sector. Responding to a question in the Lok Sabha, Minister of State for Agriculture and Farmers Welfare Ramnath Thakur said that India is actively engaged in negotiations aimed at expanding trade and investment ties with the United States under the proposed India-US Bilateral Trade Agreement.
 Source:  tribuneindia.com
Aug 07, 2025 News Image India's Modi to visit China for first time in 7 years as tensions with US rise.
Indian Prime Minister Narendra Modi will visit China for the first time in over seven years, a government source said on Wednesday, in a further sign of a diplomatic thaw with Beijing as tensions with the United States rise. Modi will go to China for a summit of the multilateral Shanghai Cooperation Organisation that begins on Aug. 31, the government source, with direct knowledge of the matter, told Reuters. India's foreign ministry did not immediately respond to a request for comment.
 Source:  reuters.com
Aug 07, 2025 News Image National Level Multi-State Cooperative Society for Exports.
The Ministry of Cooperation has set up National Cooperative Exports Limited (NCEL) under the Multi-State Cooperative Societies (MSCS) Act, 2002 as an umbrella organization to give thrust to exports from cooperative sector. This society will focus on exporting the surpluses available in the Indian cooperative sector by accessing wider markets beyond the geographical contours of the country, thereby, increasing the demand of Indian Cooperative products/services across the globe and fetch best possible prices for such products/services. It will promote exports through various activities including procurement, storage, processing, marketing, branding, labelling, packaging, certification, research and development, etc, and trading of all types of goods and services produced by cooperative societies. The society will also help in arranging finance, provide technical guidance, help in training and capacity building, develop and maintain market intelligence system, implement related government schemes and undertake any other such activities which will increase exports from the cooperative sector and other related entities.
 Source:  pib.gov.in
Aug 07, 2025 News Image 11th Session of India-Russia Working Group on Modernization & Industrial Cooperation held in New Delhi.
The 11th Session of the India-Russia Working Group on Modernization and Industrial Cooperation was held today at Vanijya Bhawan, New Delhi, under the framework of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation. From the Indian side, the session was co-chaired by Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Shri Amardeep Singh Bhatia, and from the Russian side by Deputy Minister of Industry and Trade of the Russian Federation, H.E. Mr. Alexey Gruzdev.
 Source:  pib.gov.in
Aug 07, 2025 News Image ISMA launches AI network to boost sugarcane productivity.
The Indian Sugar and Bio-energy Manufacturers Association (ISMA) on Tuesday announced the launching of national AI-ML network programme in partnership with Agriculture Development Trust (ADT) of Baramati, Maharashtra. The initiative leverages the power of artificial intelligence (AI) to significantly enhance sugarcane productivity, quality, sustainability, and farmers’ income, ISMA said.
 Source:  thehindubusinessline.com
Aug 07, 2025 News Image Govt proposes 2022-23 as base year for GDP, IIP: Minister.
The government has proposed 2022-23 as new base year for the Gross Domestic Product (GDP) and Index of Industrial Production (IIP), and 2024 for Consumer Price Index (CPI), Parliament was informed on Wednesday. 'The Ministry is underway to revise the base year of GDP, IIP and CPI. The base year is revised periodically to better capture the structural changes happening in the economy by updating the methodology of compilation and incorporation of new data sources,' Minister of State for Statistics & Programme Implementation said in a written reply to Lok Sabha.
 Source:  economictimes.indiatimes.com
Aug 06, 2025 News Image GI Tag Brings Smiles To Faces Of Bengal Black Nunia Growers.
Ever since the Black Nunia variety of rice received a Geographical Indication (GI) tag last year, its cultivation has seen a steady increase, besides fetching remunerative returns for farmers in the Jalpaiguri district of West Bengal, who are showing enthusiasm to plant its saplings in their fields, with the assistance of the agriculture department in every possible way. Black Nunia is known for its aromatic black husk and grain, besides being good in taste. People of North Bengal cannot imagine cooking khichdi and payas (payasam) without this rice.
 Source:  etvbharat.com
Aug 06, 2025 News Image India plans Rs 20,000-crore Export Promotion Mission to offset US tariff impact, boost global trade.
India is looking to unveil a Rs.20,000 crore long-term plan by September to shield its exporters from global trade uncertainties and fluctuations, officials said. A raft of measures aimed at facilitating easy access to export credit and tackling non-tariff barriers in overseas markets are being planned under the new Export Promotion Mission, the officials said.
 Source:  economictimes.indiatimes.com
Aug 06, 2025 News Image Rebalancing bilateral trade ties: India’s path to enhanced exports to China.
India’s widening trade deficit with China, which hit a record $99.2 billion in FY 2024-25, has been a persistent cause of concern for the country. The trends reflect not just rising imports but, more crucially, India’s stagnant exports to China. Over the past decade, India’s exports to China have grown by only 19.2%—rising from $12 billion in FY 2015 to $14.3 billion in FY 2025 (Figure 1). This growth has been limited in both value and product diversification, placing India a distant 34th among China’s import sources, far behind major trade partners, such as South Korea, Taiwan, and the US, which command a substantial share of China’s imports.
 Source:  economictimes.indiatimes.com
Aug 06, 2025 News Image Cabinet approves total outlay of Rs 6520 crore for ongoing Central Sector Scheme PMKSY.
The Union Cabinet chaired by the Prime Minister Narendra Modi has approved a total outlay of Rs 6520 crore including additional outlay of Rs 1920 crore for ongoing Central Sector Scheme Pradhan Mantri Kisan Sampada Yojana, (PMKSY) during 15th Finance Commission Cycle (FCC) (2021-22 to 2025-26). Approval includes, Rs 1000 crore to support setting up of 50 Multi Product Food Irradiation Units under the component scheme-Integrated Cold Chain and Value Addition Infrastructure (ICCVAI) and 100 Food Testing Labs (FTLs) with NABL accreditation under the component scheme – Food Safety and Quality Assurance Infrastructure (FSQAI) of Pradhan Mantri Kisan Sampada Yojana (PMKSY), in alignment with the budget announcement and, Rs 920 crore, for sanctioning projects under various component schemes of PMKSY during the 15th FCC.
 Source:  fnbnews.com