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India poised to sustain growth trajectory, likely to be world's 3rd-largest economy by 2027: FM Nirmala Sitharaman.

Oct 22, 2024

Finance Minister Nirmala Sitharaman on Monday said India is poised to continue its growth trajectory and is likely to become the world's third-largest economy by 2027. India currently is the fifth largest economy in the world with a GDP of around USD 3.9 trillion.

    
Source: economictimes.indiatimes.com



Finance minister Nirmala Sitharaman calls on US investors to tap opportunities in India.

Oct 22, 2024

Finance minister Nirmala Sitharaman on Monday pitched the India story to a large group of pension funds and institutional investors in the US and impressed on them to take advantage of India's enormous investment opportunities.

    
Source: economictimes.indiatimes.com



India eyes streamlined FTA strategy to address rules of origin and sustainability in trade deals.

Oct 22, 2024

GoI is seeking to put in place a standardised approach to negotiating FTAs to address rules of origin (ROOs) and non-tariff barriers. It's a good idea. ROOs have assumed importance due to India's pivot away from regional trade blocs in favour of bilaterals. Since the rest of the world doesn't share India's circumspection about trade blocs, it has to erect its own fences in supply chains centred around China.

    
Source: economictimes.indiatimes.com



Gujarat to harvest a record crop of groundnut due to increase in area and yield, says SEA.

Oct 22, 2024

The production of groundnut in Gujarat, the top producer of the popular table but, is set to increase by 26% over previous year driven by increase in area and productivity, said industry body Solvent Extractors' Association (SEA).

    
Source: economictimes.indiatimes.com



Indian buyers expect no disruption in Canadian lentil, potash supplies

Oct 22, 2024

Indian buyers are confident that Canadian lentil and potash supplies will remain consistent, despite the diplomatic tensions between New Delhi and Ottawa. Orders for upcoming shipments are on track, and trade officials have not reported any disruptions. Canada is a key supplier of these essential commodities, which are crucial for India's agriculture and food sectors.

Indian buyers do not expect supplies of Canadian lentils and potash to be affected by the diplomatic row between New Delhi and Ottawa, trade, industry and government officials said.

Ties between India and Canada deteriorated sharply after New Delhi and Ottawa ordered six diplomats to leave in tit-for-tat moves over Ottawa's allegations that New Delhi was targeting Indian dissidents on Canadian soil.


 

    
Source: The Economic Times



Bangladesh: Govt cuts rice import duty by 37% to stabilise market.

Oct 22, 2024

According to a gazette notification issued by the Ministry of Finance today (20 October), the existing customs duty on rice has been reduced from 25% to 15% and the existing regulatory duty has been reduced from 25% to 5%. 
 
    
Source: tbsnews.net



Exporters seek improved facilities in Trichy airport.

Oct 22, 2024

With the district administration completing land acquisition for the expansion of Trichy International Airport, the Export Import Federation Trichy (EIFT) has urged the Airports Authority of India (AAI) to enhance export facilities as part of the project. 

    
Source: timesofindia.indiatimes.com



Iran demand boosts India’s soyameal exports during oil year 2023-24.

Oct 22, 2024

Soyameal exports during the oil year 2023-24 ending September were up 16 per cent at 21.28 lakh tonnes on higher demand from countries such as Iran and Bangladesh. During the previous year, the soyameal shiipments stood at 18.36 lakh tonnes.

    
Source: thehindubusinessline.com



Comments sought on collection of recipes of Ayurvedic food products.

Oct 22, 2024

The FSSAI has sought comments from stakeholders, on collection of recipes of Ayurvedic food products.
The food is called Ayurveda Aahara and includes 38 varieties such as snacks made of black gram, wheat flour bread, confectionery items, fermented beverages, jaggery and milk preparations.
    
Source: fnbnews.com



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