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03 Jun, 2024 News Image Trade pacts help India cut deficits with UAE, Aus.

The trade pacts with Australia and the UAE seem to be working in India’s favour as the trade deficit with both countries in FY24 declined vis-à-vis previous year. With Australia, the trade deficit fell to $8 billion from $12 billion in the previous year. With the UAE, India’s trade deficit fell to $12.4 billion from $21 billion in last year.


 Source:  newindianexpress.com
03 Jun, 2024 News Image India s Basmati rice GI tag bid against Pakistan: The EU boost.
The European Union’s review of Pakistan’s GI tag application for basmati rice could be a turning point for India’s GI tag quest. Find out why this is critical for India and the global basmati market. Watch the full video for more details.
 

 Source:  thehindubusinessline.com
03 Jun, 2024 News Image Doha: Indian Mango Festival draws enthusiastic crowd.
The Indian Mango Festival, also known as Indian Hamba, kicked off with great enthusiasm at Souq Waqif, drawing a substantial number of mango enthusiasts.
The event was inaugurated amidst a distinguished gathering, including Ibrahim Fakhroo, Chief of Protocol at the Ministry of Foreign Affairs, and Nasser Rashid Al Naimi, Managing Director of the Public Establishment for Organising Exhibitions and Conferences. 

 Source:  timesofoman.com
03 Jun, 2024 News Image This Kerala Mango Variety First From The State To Get GI Tag.

One of the few reasons to love the summer months is the availability of the King of fruits, Mango. One special mango from the state of Kerala is considered one of the best varieties of the fruit.


 Source:  news18.com
31 May, 2024 News Image Indian food regulator mulls norms for non-carbonated, non-alcoholic beverages, drinking water.

The Food Safety and Standards Authority of India (FSSAI) has noted a grey area in the non-carbonated and non-alcoholic beverages' space, in terms of legally non-compliant products, especially where salts and many other prohibited minerals are being added. This move may impact all big fast-moving consumer goods (FMCG) companies in the non-carbonated and non-alcoholic beverages' space.


 Source:  cnbctv18.com
31 May, 2024 News Image PM Gati Shakti, National logistics policy driving cold chain market growth.

Government initiatives such as PM Gati Shakti-National Master Plan (PMGS-NMP) and national logistics policy are likely to accelerate the growth of the cold chain market in India, helping the market to grow to Rs 5 lakh crore by 2032 from Rs 2 lakh crore in 2023, Surendra Ahirwar, joint secretary, Department of Industry and Internal Trade (DPIIT) said, citing estimates.


 Source:  economictimes.indiatimes.com
31 May, 2024 News Image No specific proposal for free trade agreement with Maldives has been made by India: MEA.
India on Thursday said it has not made any proposal to the Maldives for a bilateral free trade agreement (DTA) and that it was ready to consider if the island nation expresses interest for such a pact.
 

 Source:  telegraphindia.com
31 May, 2024 News Image India s zero duty wheat imports move may come with riders.
India will likely allow import of wheat at zero Customs duty soon after the new Government takes charge but shipments into the country may come with riders.
 

 Source:  thehindubusinessline.com
31 May, 2024 News Image UAE looking to expand scope of trade under CEPA with India: Official.

The United Arab Emirates is looking to expand the scope of trade and services covered under the Comprehensive Economic Partnership Agreement (CEPA) with India to further accelerate bilateral trading volume, a senior UAE official said here on Thursday. India and the UAE signed the historic CEPA on February 18, 2022, to further boost bilateral trade and economic ties.


 Source:  economictimes.indiatimes.com
31 May, 2024 News Image Commerce ministry working on standard operating procedure for FTA negotiation.

The commerce ministry held deliberations with experts, former officers and senior officials from different departments on framing a standard operating procedure for free trade pacts and other related issues under these agreements, an official release said on Tuesday. The commerce ministry in the release stated that the 'Chintan Shivir' was organised on May 16-17 at Neemrana, Rajasthan.


 Source:  economictimes.indiatimes.com