11 Jul, 2024 News Image Govt caps interest equalisation at Rs 1.66 crore per IEC for July-August.
The commerce ministry on Wednesday clarified that the interest equalisation will be capped at Rs 1.66 crore per IEC (import-export code) for the July 1-August 31 period. Last month, the government extended the interest equalisation scheme (IES) on pre- and post-shipment rupee export credit for two months to promote the country's outbound shipments.
 

 Source:  economictimes.indiatimes.com
11 Jul, 2024 News Image Paradip Port Authority Sets New Record with 41.12 Million Metric Tons of Cargo Handling in First 100 Days of FY 2024-25.

Paradip Port Authority (PPA) has marked a momentous achievement in its operational history, clocking an unprecedented 41.12 Million Metric Tons (MMT) cargo handling within the first 100 days of the fiscal year 2024-25. 


 Source:  pib.gov.in
11 Jul, 2024 News Image Dubai Hosts Fourth India-GCC Buyers Sellers Meet On Food And Beverages.

The fourth edition of the India-GCC Buyers Sellers Meet on Food and Beverages kicked off today in Dubai, bringing together key players from the food and beverage industry across India and the Gulf Cooperation Council (GCC) countries.


 Source:  ddnews.gov.in
11 Jul, 2024 News Image Piyush Goyal to visit Switzerland to take forward EFTA commitments.

Commerce and industry minister Piyush Goyal Wednesday said the four-member European nation bloc European Free Trade Association (EFTA) is keen to invest in India and the domestic industry should take advantage of that opportunity. Goyal, who is visiting Switzerland on Sunday to take forward the EFTA commitments, said that this $100 billion commitment is for foreign direct investments and not portfolio investments.


 Source:  economictimes.indiatimes.com
11 Jul, 2024 News Image India fixes wheat reserve price for open market sale at Rs.2,300/quintal.

The Indian government has announced the open market sale scheme (OMSS) policy under which the reserve price of wheat has been fixed at Rs.2,300 per quintal and rice at Rs.2,800 per quintal. This time, the Government has said transport costs will be added to the reserve price, unlike last year when there was one rate across the country.


 Source:  thehindubusinessline.com
11 Jul, 2024 News Image India, Austria reaffirm support for ongoing talks on India-EU trade pact.
Prime Minister Narendra Modi and Austrian Chancellor Karl Nehammer reaffirmed their strong support for the ongoing India-EU trade and investment negotiations and the early implementation of the EU-India Connectivity Partnership, in their bilateral discussions in Vienna on Wednesday.
 

 Source:  thehindubusinessline.com
11 Jul, 2024 News Image GoM to decide on lifting export ban on certain non-basmati rice: Goyal.

Union Commerce Minister Piyush Goyal on Wednesday said a Group of Ministers will take a decision on lifting the ban on certain varieties of non-basmati rice after considering demand-supply and price situation.


 Source:  business-standard.com
11 Jul, 2024 News Image Enough opportunity to promote diversification of crops in Uttar Pradesh - Shri Shivraj Singh Chouhan.

With the aim of rapid progress of agriculture sector in the country, Union Minister of Agriculture and Farmers Welfare and Rural Development Shri Shivraj Singh Chouhan has initiated state-wise discussions, under which the Union Minister held meetings with state agriculture ministers of Uttar Pradesh (UP) and Madhya Pradesh (MP) at Krishi Bhavan in New Delhi today.


 Source:  pib.gov.in
11 Jul, 2024 News Image India, Taiwan pact to facilitate trade of organic agri goods comes into force.

An agreement between India and Taiwan to facilitate trade in organically-produced goods, including tea and medicinal plants, has come into force from July 8, the commerce ministry said on Wednesday. The mutual recognition agreement (MRA) will ease the export of organic products by avoiding dual certifications, thereby reducing compliance cost, simplifying compliance requirements by adhering to only one regulation and enhancing trade opportunities in the organic sector.


 Source:  economictimes.indiatimes.com
10 Jul, 2024 News Image Indian sweet 'Magji Laddu' from Odisha awarded Geographical Indication Tag.

Sweet lovers across India have a new reason to celebrate as the delectable Indian sweet 'Magji' from Odisha's Dhenkanal district has been honoured with the prestigious Geographical Indication (GI) tag.


 Source:  gulfnews.com