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May 29, 2025 News Image Government raises 2024-25 foodgrain output forecast to record 353.95 million tons, wheat at 117.50 million tons.
The government on Wednesday revised upwards its foodgrain production estimate for the 2024-25 crop year to a record 353.95 million tonnes, with wheat output alone projected at 117.50 million tonnes, as the country posted bumper harvests across key crops. The revised estimates show significant increases in production of wheat, rice, maize and several oilseeds.
 Source:  economictimes.indiatimes.com
May 29, 2025 News Image Government Strengthens Farmer Support through Continued Interest Subvention – KCC and MISS Remain Cornerstone of Agri Credit.
In a significant decision to support farmers across the country, the Union Cabinet has approved the continuation of the Modified Interest Subvention Scheme (MISS) for the financial year 2025–26. Under this scheme, 1.5% interest subvention will continue to be provided to banks for short-term crop loans up to ₹3 lakh issued through the Kisan Credit Card (KCC) platform.
 Source:  pib.gov.in
May 29, 2025 News Image India, US may agree on interim trade deal by June 25: Sources.
With a team of US officials expecting to visit India next month for trade talks, there is a possibility that the two countries may agree on an interim trade pact by June 25, sources said. 'Talks are moving. Things are on track,' they said.
 Source:  economictimes.indiatimes.com
May 29, 2025 News Image Cabinet extends interest subvention scheme for farmers.
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved continuation of the Modified Interest Subvention Scheme (MISS) for 2025-26. The government will allow 7.71 crore farmers to get short-term credit at subsidised rate of interest through Kisan Credit Card (KCC).
 Source:  thehindubusinessline.com
May 29, 2025 News Image Indian export consignments gradually resuming through Red Sea route: Exporters.
Indian export consignments have gradually started moving through the Red Sea route again, exporters body FIEO said on Tuesday. The gradual movement signals a cautious recovery in shipments after months of disruptions on the route caused by regional tensions.
 Source:  economictimes.indiatimes.com
May 29, 2025 News Image Organic farming suggested to produce high quality yield.
Expanding natural farming for more acres will help farmers produce high-quality, nutritious organic products, said B Ashok Kumar, Business Development Manager of the Agricultural and Processed Food Products Export Development Authority (APEDA).
 Source:  thehansindia.com
May 29, 2025 News Image India to emerge as world’s biggest rice producer.
India’s foodgrain production rose by 6% to a record 353.2 million tonne (MT) in the 2024-25 crop year (July-June) compared to previous year because of a significant rise in rice, wheat, pulses and oilseed output, the agriculture ministry said on Wednesday. The country will also outplace China as the world’s biggest rice producer in the year.
 Source:  financialexpress.com
May 29, 2025 News Image Goyal asks exporters to leverage FTAs, talks non-tariff barriers.
Commerce and industry minister Piyush Goyal Tuesday asked exporters to increase the utilisation of free trade agreements (FTAs) and discussed non-tariff barriers at a meeting with export bodies and industry. The proposed centralised exporters portal, India's trade pact talks with the EU and the US, and ways to further boost exports of services and value-added goods were also discussed.
 Source:  economictimes.indiatimes.com
May 29, 2025 News Image India to reinstate tax refund benefits for exporters from June to boost competitiveness.
India will restore benefits under a key scheme that reimburses exporters for embedded duties, taxes, and levies not covered by any other government refund programme in an effort to boost export competitiveness, the trade ministry said on Tuesday. The benefits under the Remission of Duties and Taxes on Exported Products were introduced on January 1, 2021, but ended on February 5 this year.
 Source:  .reuters.com
May 29, 2025 News Image Cabinet approves Minimum Support Prices (MSP) for Kharif Crops for Marketing Season 2025-26.
The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has approved the increase in the Minimum Support Prices (MSP) for 14 Kharif Crops for Marketing Season 2025-26.
 Source:  pib.gov.in