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Apr 03, 2025 News Image Peace clause invoked 6th time to offer rice subsidies.
India has, for the sixth time, invoked the peace clause for exceeding the 10% ceiling on support it offered its rice farmers. It informed the World Trade Organization (WTO) Wednesday that the value of its rice production in 2023-24 was $56.87 billion while it gave subsidies worth $6.81 billion, which comes to around 12% against the permitted 10%.
 Source:  economictimes.indiatimes.com
Apr 03, 2025 News Image GI tag for Thovalai maalai, Kumbakonam betel leaf soon in TN.
Four months after the publication of applications in the Geographical Indications (GI) journal, the Kumbakonam vetrilai (betel leaf) and Thovalai maanikka maalai (flower garland) are poised to receive the GI tag, said P Sanjai Gandhi, an intellectual property attorney and government pleader at the Madras High Court. He confirmed that the applications, filed by him did not face any objections within the stipulated four-month period. Hence, these products are now considered registered in the GI registry.
 Source:  newindianexpress.com
Apr 03, 2025 News Image Warangal’s ‘Chapata’ chilli gets GI tag.
This Ugadi, there’s some sweet news for Warangal farmerse growing hot chillis. Called Chapata chilli, or tomato chilli, this unique variety has got the Geographical Indication (GI) tag. As many as 20,000 farmers growing the niche variety are expected to benefit from this development through additional income.
 Source:  thehindubusinessline.com
Apr 03, 2025 News Image Odisha makes first-ever global export of Moringa, Parwal to Dubai.
Odisha has recorded its first-ever international export of drumstick (moringa) from the Rayagada district and pointed gourd (parwal) to Dubai. The consignment, totalling 910 kg, was shipped through Biju Patnaik International Airport (BPIA), Bhubaneswar, reflecting Odisha’s expanding footprint in global agri-markets.
 Source:  economictimes.indiatimes.com
Apr 02, 2025 News Image India a major geopolitical power, want strategic ties with it: Dutch FM.
India and the Netherlands are looking at firming up an ambitious agreement this year to facilitate cooperation in high technology areas such as semiconductors, Dutch Foreign Minister Caspar Veldkamp said on Tuesday. In a media interaction, Veldkamp said the Netherlands is also eyeing to firm up a strategic partnership with India as it is emerging as a major geopolitical power in the Indo-Pacific.
 Source:  business-standard.com
Apr 02, 2025 News Image India's tariff policy aims to regulate trade, protect industries, generate revenue: Piyush Goyal.
Commerce and Industry Minister Piyush Goyal on Tuesday said the country's tariff policy aims to regulate trade, protect domestic industries, and generate revenue through taxes on imported and exported goods. In a written reply to the Lok Sabha, he said with the changing trade scenario, India is moving towards having free trade agreements wherein customs tariffs and non-tariff barriers are reduced or eliminated on substantial trade.
 Source:  economictimes.indiatimes.com
Apr 02, 2025 News Image Government lists exporters' feedback: US 2nd biggest source of curbs.
Trade restrictions imposed by the US through standards and other compliances are next only to the European Union on a platform that is being put together by the govt based on feedback from domestic industry. The commerce department, which is testing the portal, has received 24 complaints related to recent trade barriers erected by EU, followed by the US (22) and China (20), some of which have already been flagged by Indian officials during their interaction with American counterparts.
 Source:  timesofindia.indiatimes.com
Apr 02, 2025 News Image APEDA Boosts Millet Exports with Trade Fairs, Exhibitions & Global Promotions.
Department of Commerce, through Agricultural & Processed Food Products Export Development Authority (APEDA) organized trade fairs, exhibitions and Millet Conclave for awareness, usage and export promotion of millets. Under the International Year of Millets 2023, a host of activities were conducted in close association with Indian Embassies/Missions and Government departments, which included millet themed participation in international trade fairs, sampling events, millet galleries, international buyer seller meets etc. Further, Millets are one of the key focus areas for enhanced branding and publicity in key global and domestic fairs, in which APEDA participates.
 Source:  pib.gov.in
Apr 02, 2025 News Image India-Thailand Bilateral Trade Ties Set To Strengthen During PM Modi’s Visit.
Prime Minister Narendra Modi will visit Thailand from April 3-4 to participate in the 6th Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Summit. As part of his visit, PM Modi will hold a bilateral meeting with Thai Prime Minister Paetongtarn Shinawatra on April 3. The two leaders are expected to review bilateral cooperation and outline future partnerships between India and Thailand.
 Source:  ddnews.gov.in
Apr 02, 2025 News Image CBIC to introduce e-processing of export, import through personal carriage by air pax from May 1.
The CBIC on Tuesday said it will introduce electronic processing of import/ export through personal carriage by air passengers from May 1 at specified airports. Nine airports at Delhi, Mumbai, Kolkata, Chennai, Kochi, Coimbatore, Bangalore, Hyderabad and Jaipur would allow personal carriage export of gems and jewellery. Seven airports Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad and Jaipur would allow personal carriage import of gems and jewellery.
 Source:  economictimes.indiatimes.com