The World Bank Tuesday revised India's FY25 growth forecast upward to 6.6% from 6.4% projected in January, on the back of strong public investment accompanied by private capex and rise in private consumption.

The European Union has yet to accord recognition to any certifying body (CB) for the import of unprocessed organic plants and plant products, including seeds and other reproductive material from India.

Union Minister Shri Piyush Goyal officially took charge of the Ministry of Commerce and Industry for a second consecutive term in New Delhi today. Upon assuming office, Shri Goyal immediately convened a review meeting with senior officers from both departments within the Ministry of Commerce and Industry.

The biggest challenge for the commerce and industry ministry under the coalition government led by Prime Minister Narendra Modi would be to revive the growth of merchandise exports that has been grappling with external factors such as geopolitical risks and high inflation.

The US and 13 other nations in Asia and the Pacific signed agreements on an economic pact key to Washington’s strategy to build clout in the region.

The BRICS ministers of Foreign Affairs met in Russia's Nizhny Novgorod on Monday and held a plethora of discussions, including an important one on the enhanced use of local currencies in trade and financial transactions between the BRICS countries.