The Indian government will take a policy decision to mitigate any effect on its trade from the conflict between Iran and Israel after it has fully understood the impact, the country's trade secretary said on Monday.
Amid tensions between Maldives and India, the Directorate General of Foreign Trade on Monday issued a notification imposing port restrictions for export of essential commodities to the island nation during the fiscal year 2024-25.
Almost two years after the Reserve Bank of India announced new steps for rupee-settled global trades, Russian banking major Sberbank said it has seen an uptick in volumes for rupee-rouble payments for Moscow’s imports, with the lender focusing on drawing more foreign clients to the domestic market.
The seventh round of negotiations for the India-Peru Trade Agreement took place in New Delhi, India from April 8 to April 11, 2024. The discussions involved understanding priorities and concerns of each other and ensuring that the negotiations are rooted in mutual respect and benefit.
The area under summer crops has reached 60.63 lakh hectares (lh) as of Friday, which is 8 per cent more than 56.04 lh reported in the year-ago period with the zaid season progressing well. Zaid crops are grown before kharif sowing and after rabi harvest.
India is diversifying its import of pulses to keep domestic prices stable by entering into long-term deals with Brazil and Argentina after several rounds of negotiations, two officials aware of the matter said.
