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Aug 21, 2025 News Image Nepal's claim on Lipulekh neither justified nor based on historical facts: MEA.
India on Wednesday categorically rejected Nepal's objection to a decision by New Delhi and Beijing to resume border trade through Lipulekh pass, saying Kathmandu's claims on the territory are not justified. India and China on Tuesday agreed to resume border trade through Lipulekh pass and two other trading points.
 Source:  economictimes.indiatimes.com
Aug 21, 2025 News Image India and Eurasian Economic Union sign Terms of Reference to launch FTA negotiations.
India and the Eurasian Economic Union (EAEU) comprising Armenia, Belarus, Kazakhstan, Kyrgyz Republic and the Russian Federation signed the Terms of Reference (ToR) to launch negotiations on a Free Trade Agreement (FTA) today in Moscow. The ToR was signed by Additional Secretary, Department of Commerce, Government of India, Shri Ajay Bhadoo, and Deputy Director, Trade Policy Department, Eurasian Economic Commission (EEC), Mr. Mikhail Cherekaev. During his visit, Additional Secretary, Department of Commerce, Government of India, Shri Ajay Bhadoo also called on Minister in charge of Trade, EEC, Mr. Andrei Slepnev. The heads of negotiation groups apprised the Minister about the milestone achieved with the signing of the ToR and discussed next steps to formally launch the negotiation process, including organizational aspects of the future trade deal.
 Source:  pib.gov.in
Aug 21, 2025 News Image India moves closer to FTA with Eurasian bloc amid strained trade talks with US.
India has finalized terms for free trade agreement (FTA) talks with the Eurasian Economic Union (EAEU) as New Delhi steps up efforts to expand its trade partnerships amid strained relations with the US. The terms of reference (ToR) were signed in Moscow by Ajay Bhadoo, additional secretary in the Department of Commerce, and Mikhail Cherekaev, deputy director of the Trade Policy Department of the Eurasian Economic Commission (EEC).
 Source:  livemint.com
Aug 21, 2025 News Image India’s Dairy Exports Record 80% Jump In 2024-25.
India has recorded an 80 per cent growth in the export of dairy products at $492.9 million during 2024-25, making it an important earner of foreign exchange in the food segment. In volume terms dairy exports worked out to 113,350.4 metric tonnes during the financial year, registering a growth of 77.9 per cent over the corresponding figure of 2023-24, according to official figures. The major export destinations for Indian milk products include the United Arab Emirates, United States of America, Saudi Arabia, Bangladesh and Bhutan. India has ranked first in milk production in the world since 1998 and now contributes 25 per cent of global milk production.
 Source:  zeenews.india.com
Aug 21, 2025 News Image Raw tea leaf prices crash 50% amid surging imports and weak export demand.
Prices of raw tea leaves produced by small tea growers crashed nearly 50% year-on-year in August to Rs 14 per kg due to rising imports of comparatively lower-priced tea from Kenya and Nepal, and uncertainty over Trump’s tariffs impacting export demand from the US. Consequently, retail prices of processed tea, already on a downward spiral, are likely to ease further, industry executives and consumer goods companies Hindustan Unilever (HUL) and Tata Consumer Products (TCPL) said recently. Retail price of tea is currently trending 10-15% lower from the levels seen in last July-August period.
 Source:  economictimes.indiatimes.com
Aug 21, 2025 News Image Strict FSSAI Rules Enforced on Frozen Meat in J&K.
In a major move aimed at strengthening food safety measures, the Government of Jammu & Kashmir has issued a public notice mandating strict compliance with Food Safety and Standards Authority of India (FSSAI) guidelines for the handling and sale of frozen raw meat, chicken, and related products. The directive, issued by the Commissioner of Food & Drug Administration (FDA), J&K, Smita Sethi, is intended to safeguard public health and ensure uniform safety and hygiene standards across the meat supply chain.
 Source:  knskashmir.com
Aug 21, 2025 News Image UCCIL Strengthens UK-Odisha Trade Ties.
Dr. Prabodh Mohanty, President of the Utkal Chamber of Commerce and Industry Limited (UCCIL), led a delegation to meet with Dr. Andrew Fleming, the British Deputy High Commissioner for East and North East India. UCCIL Preisdent Dr.Mohanty along with Secretary Dr. Sanjeev Mahapatra, focused on the ongoing efforts to promote and strengthen trade relations between Odisha and the United Kingdom.
 Source:  tathya.in
Aug 20, 2025 News Image Empowering dstricts, Empowering India: The ODOP revolution.
Every district in India is celebrated for its own unique product – one that echoes its tale of local tradition, innovation and hard work. The One District One Product (ODOP) scheme endeavours to harness these stories for the nation’s progress. Thus, by identifying and promoting an exclusive product in each district, ODOP not only promotes artisanal skills, it also sparks economic growth and creates employment opportunities in the country. It also showcases India's local heritage to the world.
 Source:  ibef.org
Aug 20, 2025 News Image India Upped Dairy Products Exports by 80 PC in FY25.
While dairy imports from the US remains a major stalemate in a trade deal with the US, India, the largest producer of milk, has been growing its dairy exports, and it saw 80 per cent growth in FY25. India is the world’s top milk producer with a 24 per cent share of global production. However, its contribution to the global dairy trade remains low at 0.25 per cent due to high domestic consumption.
 Source:  deccanchronicle.com
Aug 20, 2025 News Image Brazil and India Strengthen Ties After Trump’s Tariffs Upend Global Trade.
This year, some safe-haven assets, which investors flock to in times of turmoil, have risen to record highs. Their rise has coincided with the decline of the dollar, in part because they are physical commodities whose value is less tied to inflation or interest rates policy. Or, in the case of other currencies, like the Swiss franc, they belong to governments that have a stable financial system.
 Source:  www.nytimes.com