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Apr 23, 2025 Vance calls for stronger India-US relations as trade talks progress. India and the US need to work together successfully for a 'prosperous and peaceful' 21st Century, US Vice-President JD Vance said in a speech calling for closer ties between the countries across sectors. Vance, who is on a four-day visit to India, was speaking at a programme in the western city of Jaipur. Source: www.bbc.com
Apr 23, 2025 Prime Minister highlights the growing ties between India and Saudi Arabia. The Prime Minister Shri Narendra Modi highlighted the growing ties between India and Saudi Arabia, in an interview with Arabnews. Shri Modi described Saudi Arabia as a trusted friend and strategic ally, emphasising the significant expansion of bilateral relations since the creation of the Strategic Partnership Council in 2019. Source: pib.gov.in
Apr 23, 2025 Farmers' Income, Agriculture Focus: Chouhan. Asserting that agriculture is the backbone of the Indian economy, Union Minister Shivraj Singh Chouhan on Tuesday said the Centre's constant endeavour is how to improve agriculture and increase farmers' income. The agriculture sector, along with other related sectors, is going to play a key role to realise Prime Minister Narendra Modi's vision of 'Viksit Bharat'" (developed India) by 2047, the Agriculture and Farmers' Welfare Minister said at an event in Karnal, Haryana. Source: money.rediff.com
Apr 23, 2025 India-US trade pact to expand bilateral trade, tech, ties in mutually beneficial manner: Official. The proposed bilateral trade agreement (BTA) between India and the US would help enhance and expand two-way trade, technology and economic ties in a mutually beneficial manner, a senior official in the commerce ministry said on Tuesday. The official said that India and the US are not just close strategic partners but are also complementary market economies. Source: economictimes.indiatimes.com
Apr 23, 2025 Indian farming not viable as it should be, says Gadkari. Union Road Transport and Highways Minister Nitin Gadkari on Tuesday said the contribution of agriculture to GDP has come down to 14 per cent over the years. This is because farming has not turned out to be as economically viable as it should have been. He said the share of the farm sector in GDP may rise to 22 per cent if Indian agriculture manages to replace half of the fossil fuel imports, estimated at about Rs.22 lakh crore per year, with biofuel. Source: thehindubusinessline.com
Apr 23, 2025 Palm Oil demand from China and India expected to rise as prices become competitive, says MPOC. Palm oil demand from top global buyers China and India is expected to increase as the vegetable oil is now reasonably priced compared to its rivals, the Malaysian Palm Oil Council (MPOC) said on Tuesday. Palm oil is now considered 'reasonably priced' at 3,900 ringgit ($889) per metric ton, the MPOC said in a statement, adding that prices are expected to remain supported at that level, underpinned by a recovery in soybean oil prices. Source: economictimes.indiatimes.com
Apr 23, 2025 A good monsoon: Despite a dwindling share, agriculture could buttress India’s growth projections amid rising global risks. Amid the uncertainties and disruptions resulting from the ongoing global tariff war, India’s growth prospects seem to be at risk. Concerns have been raised over the future trajectory of capital expenditure and private sector investment for India, as the impact of a slowing global economy will make its way to domestic shores, sooner or later. But, there is a silver tint in the clouds of doubt — a good projection for the monsoon that augurs well for agriculture. Source: indianexpress.com
Apr 23, 2025 Amid an ongoing tariff war, it’s not all roses for India’s flower exports. It’s not looking all rosy for India’s flower exports, as the Trump tariffs are expected to weigh on this category, aside of big-ticket export items such as steel, aluminium and auto components, a Moneycontrol analysis has shown. US was the top importer of cut flowers from India, accounting for nearly a third of India’s overall flower exports in 2024-25. Of the $18.5 million worth of flowers exported in the first 10 months of FY25, around $5.5 million headed to the American shores, with another $3.1 million going to the United Arab Emirates and $2.7 million to Malaysia. Together, the three nations have a 60 percent share in India’s exports of cut and fresh flowers. Source: moneycontrol.com
Apr 23, 2025 Indian rice trade wants export price to Bangladesh increased. The interim government in Bangladesh has allowed exports of aroma rice after a year-and-a-half, leading to a section of Indian exporters demanding that New Delhi hike it rice shipment prices to Dhaka. 'After 7 years, the Bangladesh government has given a quota to export its special rice variety, which could affect Indian speciality rice varieties such as Sona Masuri, Jeera Kasala and premium non-Basmati rice,' said a New Delhi-based exporter. Source: thehindubusinessline.com
Apr 23, 2025 Iran, India set to expand agricultural trade ties beyond $1b. Iran and India are poised to enhance their agricultural trade volume beyond the current $1.0 billion, as announced by Iran’s Agriculture Minister Gholamreza Nouri Ghezeljeh following a meeting with India's Agriculture Minister Shivraj Singh Chouhan during the BRICS agriculture ministers’ summit in Brazil. The ministers reviewed previous agreements and reaffirmed their countries’ longstanding cultural, historical, and economic ties. Nouri Ghezeljeh expressed appreciation for India’s support in facilitating Iran’s membership in BRICS and noted that bilateral cooperation is entering a new phase. Source: tehrantimes.com
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