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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 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 India, UK likely to sign trade pact by July end; commerce secretary in London: Official
The process of legal scrubbing of the India-UK free trade agreement (FTA) text is progressing at a faster pace, and the pact is expected to be signed by the end of July, an official said on Tuesday.To give an impetus to the process, Commerce Secretary Sunil Barthwal is in London with his official team.Barthwal will meet UK Secretary of State for Business and Trade Jonathan Reynolds and other British senior officials during his two-day visit.
 Source:  https://economictimes.indiatimes.com/
Jun 25, 2025 News Image US & EU trade pacts to be concluded soon: Nirmala Sitharaman
The negotiations for a bilateral trade deal with the United States and a free trade agreement with the European Union (EU) are progressing "really intensely" and should be concluded soon, finance minister Nirmala Sitharaman said Tuesday. Countering a US-led narrative that India is a "tariff king," she said the government has brought down customs duty slabs to eight "including the zero rate" and that effective rates are much lower than the tariff rate, or the maximum possible tax on imports.
 Source:  https://economictimes.indiatimes.com/
Jun 25, 2025 News Image Centre approves procurement of 2.5 lakh tonnes of mangoes from Karnataka
The central government has approved the procurement of mangoes from Karnataka. This is under the Market Intervention Scheme for 2025-26. Union Minister HD Kumaraswamy requested this due to surplus production and falling prices. The procurement price is set at ₹1,616 per quintal. Agriculture Minister Shivraj Singh Chouhan responded to Kumaraswamy's concerns about low mango prices.
 Source:  https://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 Indian rapeseed meal exports soar as China replaces Canadian canola supply.
China is set to make record purchases of rapeseed meal from India following Beijing’s move to impose a 100 per cent retaliatory tariff on Canadian canola imports, senior industry officials said. Why it matters: China, a key importer of Canadian canola, has placed a 100 per cent tariff on canola oil and meal.
 Source:  ukragroconsult.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 India's business activity surges in June on strong demand, record export orders, PMI shows.
India's private sector activity accelerated sharply in June as companies ramped up production to meet surging domestic and international demand, according to a survey released on Monday that showed record export growth and robust hiring.
 Source:  reuters.com
Jun 24, 2025 News Image Dairy, agriculture impede India-U.S. bilateral trade deal.
As the July 9 deadline for the reimposition of the U.S.’ reciprocal tariffs approaches, a potential trade deal still remains challenging as an agreement between India and the U.S. on agriculture and dairy remains elusive, according to sources. 'We want to do a deal before July 9, but agriculture and dairy are emerging as challenges,' a source which is aware of the developments said.
 Source:  thehindu.com