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OECD revises India's FY25 growth forecast upward to 6.6%.

May 02, 2024

The Organisation for Economic Co-operation and Development, Thursday, revised India’s FY25 growth forecast upward to 6.6% from 6.2% projected earlier.

Source: economictimes.indiatimes.com

India-UAE CEPA celebrates two years marked by robust growth in bilateral trade.

May 02, 2024

Marking a significant milestone in the enduring partnership between the UAE and India, the Embassy of the UAE celebrated the second anniversary of the Comprehensive Economic Partnership Agreement (CEPA).

Source: economictimes.indiatimes.com

India, Nigeria agree to early conclusion of local currency settlement system agreement.

May 02, 2024

India and Nigeria have agreed to an early conclusion of a local currency settlement system agreement to further strengthen economic ties between the two countries.

Source: economictimes.indiatimes.com

India, Maldives hold talks to enhance trade cooperation.

May 02, 2024

India on Wednesday expressed its intent to enhance bilateral economic collaboration with the Maldives, as its envoy engaged in discussions with a senior minister from the archipelagic nation. Mohamed Saeed, Maldives' minister of economic development and trade, held talks with Munu Mahawar, Indian high commissioner to the Maldives, on Tuesday.

Source: timesofindia.indiatimes.com

Manufacturing activity eases slightly to 58.8 in April; optimism improves.

May 02, 2024

Buoyant domestic demand ensured a strong start for the fiscal, with the manufacturing activity easing slightly to 58.8 in April compared with 59.1 in the previous month, according to results of a private survey released Thursday.

Source: economictimes.indiatimes.com

Digital crop survey on cards to fine-tune farm statistics.

May 02, 2024

India plans to bolster its farm statistics system by undertaking regular digital crop surveys, backed by advanced analytics and artificial intelligence (AI), throughout the country to assess the precise acreage, said senior officials.

Source: economictimes.indiatimes.com

CFTRI felicitates four women entrepreneurs who have taken its technologies to propel their food businesses.

May 02, 2024

CSIR- Central Food Technology Research Institute (CFTRI), has felicitated four women entrepreneurs who have taken its technologies to propel their food business ventures. These were Manasa from Saakya Foods, Hampapura Village, H.D. Kote Taluk; Parvathi and team from Asare Sanjeevini Food Products, Belikere village, Hunsur Taluk; G. Shilpa G from Hamasavahini Eco Products, Mysore and Anitha Sadanand of Mamma Mills, Himmavu Village, Nanjangud Taluk.

Source: fnbnews.com

In an uncertain world, India’s trade push.

May 02, 2024

Over the past few years, global trade has been very volatile, first on account of the Covid-19 pandemic and then due to geopolitical conflicts. Since the middle of 2022, the value of global merchandise trade has shrunk continuously as per data from the United Nations Conference on Trade and Development. In fact, in 2023, global merchandise exports fell by 4.6 per cent. The January-March 2024 quarter, though, saw some sequential improvement.

Source: indianexpress.com

Wheat procurement exceeds 55% of target, touches 205 lakh tonnes.

May 02, 2024

With the pick up in pace of wheat procurement, the deficit has narrowed down to 8 per cent as of April 30 from 25 per cent a week ago. However, the likely lower than expected procurement in key states like Madhya Pradesh, Rajasthan and Uttar Pradesh may make it tough for the Centre to meet the overall procurement target of 372.9 lakh tonnes for the season.

Source: thehindubusinessline.com

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