1. Home
  2. Market Intelligence
  3. Market News
Back
04 Jun, 2024 News Image Big export push on top of govt agenda.
The government is considering setting up a dedicated overseas market development body– IndTrade– and a national branding division to get to the goal of $ 2 trillion in exports by 2030.
IndTrade would work for trade promotion and the branding division will work along with the export strategy to promote 'Made in India' as a global brand, a senior official said.
 

 Source:  financialexpress.com
04 Jun, 2024 News Image Karnataka eyes foodgrain output of 112 lakh tonnes in kharif 2024-25.
Karnataka is targetting a foodgrain production of 112 lakh tonnes (lt) from about 57.51 lakh hectares in the 2024-25 kharif cropping season
The agriculture sector in Karnataka, which faced a severe drought during 2023-24, had clocked a negative growth rate during the year. The State had declared drought in 223 of the 236 taluks during 2023-24.

 Source:  thehindubusinessline.com
04 Jun, 2024 News Image DGFT Seeks Insights on Trade Finance to Enhance Export Competitiveness.

A representative from a Delhi-based export body shared with BusinessLine, 'The DGFT has been asked by the Finance Ministry to demonstrate that the interest equalization scheme is producing positive outcomes. We have already provided the necessary details for a study on trade finance being conducted by the DGFT. Once all export bodies submit their information, a comprehensive report will be compiled.'


 Source:  logisticsinsider.in
03 Jun, 2024 News Image DGFT taps export bodies for inputs on efficacy of interest equalisation scheme.
The DGFT has sought information from various export bodies on the trade finance eco system in India and related challenges to assess if the government’s interest equalisation scheme for exporters is yielding results and how trade finance can be improved.
 

 Source:  thehindubusinessline.com
03 Jun, 2024 News Image Food Park, Tumkur, beckons agri entrepreneurs to maximise facility for processing & value addition in horti crops.
Food Park, Tumkur in Karnataka, beckons agri entrepreneurs to maximise facility for processing & value addition in horticulture crops. There is industry scale facility infrastructure available for startups, FPOs (farmer producer organisations)  and agripreneurs on charge basis for processing & value addition in horticulture crops.
 

 Source:  fnbnews.com
03 Jun, 2024 News Image FSSAI working on integrating all food related norms, conference told.

The FSSAI has started works for integration of all food related regulations in India aiming at strengthening of 'ease of doing business'. The process was started with packaged drinking water.


 Source:  fnbnews.com
03 Jun, 2024 News Image Apeda s huge strides in agri export in 5 yrs of inception.

For the first time since arrival of Agricultural and Processed Food Products Export Development Authority (APEDA) in Purvanchal (east Uttar Pradesh) region, the export of perishable agri products has touched new heights, accounting 50 MT and 117 MT in Apr and May from Lal Bahadur Shastri International Airport of Varanasi.


 Source:  timesofindia.indiatimes.com
03 Jun, 2024 News Image FSSAI, APEDA develop Unified India Organic logo.
The Food Safety and Standards Authority of India (FSSAI) and the Agricultural and Processed Food Products Export Development Authority (APEDA) have jointly developed a 'Unified India Organic' logo to replace the India Organic and Jaivik Bharat logos.
 

 Source:  thehindubusinessline.com
03 Jun, 2024 News Image Provisional Estimates of Annual GDP for 2023-24 And Quarterly Estimates of GDP for Q4 of 2023-24.

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) is releasing in this Press Note, the Provisional Estimates (PE) of Annual Gross Domestic Product (GDP) for the Financial Year (FY) 2023-24 and Quarterly Estimates of GDP for the Fourth quarter (January-March) of 2023-24 along with its expenditure components both at Constant (2011-12) and Current Prices.


 Source:  pib.gov.in
03 Jun, 2024 News Image EAM Jaishankar, his Nicaraguan counterpart discuss bilateral cooperation, global issues.

External affairs minister S Jaishankar on Friday held talks with his Nicaraguan counterpart Denis Moncada Colindres and discussed bilateral cooperation and global issues. EAM Jaishankar received a call from Nicaragua's Foreign Minister on Friday.


 Source:  timesofindia.indiatimes.com