1. Home
  2. Market Intelligence
  3. Market News
Archive
Jan 23, 2025 News Image India examining US trade memo; directive on bilateral trade deal positive: Sources.
India is examining the Trump's memorandum - America First Trade Policy - to assess its impact on the bilateral trade with the US, which is its largest trading partner, sources said on Wednesday. They also said that the White House directive to the United States Trade Representative (USTR) to identify countries with which the US can negotiate agreements on a bilateral or sector-specific basis is a positive development for countries like India.
 Source:  economictimes.indiatimes.com
Jan 23, 2025 News Image India's rice exports defy restrictions, hold steady in 2024.
India's rice exports held steady in 2024 despite New Delhi's export curbs, as record high premium basmati rice shipments offset a decline in overseas sales of non-basmati rice, government and industry officials told Reuters. A steady flow of rice from the world's biggest exporter should help bring down global rice prices and assist New Delhi in reducing stockpiles that have surged to a record high due to a bumper crop.
 Source:  economictimes.indiatimes.com
Jan 22, 2025 News Image Centre extends duty free imports of tur till March 2026.
The Centre on Tuesday extended duty free imports of tur or arhar by a year till March 2026 to temper retail food prices that are still ruling above the government’s comfort levels. The existing import policy was first introduced in May 2021 and extended several times till March 2025 amid faltering domestic production due to El Niño weather pattern. Government stocks also got exhausted for ensuring food security during the pandemic.
 Source:  economictimes.indiatimes.com
Jan 22, 2025 News Image Karnataka hosts the sixth edition of the International Millets Festival in Bengaluru.
Karnataka is organising the sixth edition of the international millets festival in Bengaluru from January 23. Over 300 processors and manufacturers of millet-based products, farmer producer organisations will be displaying their products during the three day event, state Agriculture Minister N Cheluvarayaswamy said Monday.
 Source:  thehindubusinessline.com
Jan 22, 2025 News Image Commerce and Industry Minister Shri Piyush Goyal holds bilateral talks with Belgian Foreign Affairs and Foreign Trade Minister, interacts with industry leaders.
The Commerce and Industry Minister of India, Shri Piyush Goyal, met with the Belgian Minister of Foreign Affairs, European Affairs, and Foreign Trade, Mr. Bernard Quintin, in Brussels today to discuss strengthening bilateral trade and investment ties. The meeting reinforced the longstanding relationship between India and Belgium, built on shared values of democracy, rule of law and independent judiciary. The two leaders discussed ways to expand economic cooperation, and explored new avenues to advance this partnership. It may be noted that India-Belgium trade is estimated at over US$ 15.07 billion in 2023-2024 while Foreign Direct Investments from Belgium into India was estimated at over US$ 3.94 billion.
 Source:  pib.gov.in
Jan 22, 2025 News Image Piyush Goyal To Visit Brussels To Discuss India-EU FTA, Boost Trade Ties.
In a bid to further boost trade and investment ties with the European Union (EU), Union Minister of Commerce and Industry Piyush Goyal is slated to visit Brussels, Belgium for a high-level dialogue. The dialogue with Maros Sefcovic, Commissioner of the European Commission for Trade and Economic Security, will have wide-ranging discussions on the India-EU Free Trade Agreement (FTA) negotiations, the Trade and Technology Council framework and bilateral trade matters, according to Ministry of Commerce and Industry.
 Source:  ddnews.gov.in
Jan 22, 2025 News Image India seeks fair and equitable trade agenda in EU FTA discussions.
While stating its intent to work on a 'meaningful trade agenda' with the European Union, India has underlined the need for it to be 'fair and equitable' and made it clear that there was a need to address tariff and non-tariff barriers. During his first meeting with Maroš Šefovi, the European commissioner for trade and economic security in Brussels over the weekend, Union commerce and industry minister Piyush Goyal also asserted that the cooperation on trade and sustainable development should factor in the respective level of developments of the two trading partners and 'the principle of common but differentiated responsibility' should be followed that does not put additional burden on a developing country like India.
 Source:  timesofindia.indiatimes.com
Jan 22, 2025 News Image Changes sought by Oman after FTA talks minimal: Official.
After conclusion of negotiations on the free trade agreement (FTA), Oman’s request to reconsider some of the concessions that it had earlier conceded to is being discussed, a senior official said, adding that changes sought by Oman are minimal. Negotiations on FTA with Oman that started November 2023 were concluded in March 2024. The signing of the pact was expected to be completed before general elections in India last year, but the request for review from Oman delayed it.
 Source:  financialexpress.com
Jan 22, 2025 News Image India’s Exports Of Food Goods Jump 11 Pc To $17.8 Billion In April-Dec.
India’s exports of agricultural and processed food products registered a robust 11 per cent growth to $17.77 billion during April-December of the current financial year compared to the same period of the previous year, according to official figures. Data compiled by the Directorate General of Commercial Intelligence and Statistics (DGCIS) shows that rice exports in the first nine months of FY25 saw a sharp increase of over 19 per cent to $8.72 billion compared to $6.44 billion in the same period last fiscal.
 Source:  ddnews.gov.in
Jan 22, 2025 News Image A Glance at the GI Tags of Manipur, Meghalaya & Tripura.
As the states of Manipur, Meghalaya and Tripura celebrate their 53rd anniversary let’s have a look at the products that enhance the cultural, traditional and agricultural identity of these states. These GI Tags include traditional clothing, handlooms, food and agricultural items of these particular states.
 Source:  localsamosa.com