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03 Apr, 2024 News Image Indian coffee exports top Rs.10,000 crore in FY24 on soaring robusta prices.
Thanks to the surging trend in global Robusta prices, India’s coffee exports for the financial year ending March 2024 touched a new high in value terms.
Despite a marginal decline in the volumes, shipments were at a new record. In fact, financial year 2023-24 was the third consecutive year during which Indian coffee shipments registered a new record.

 Source:  thehindubusinessline.com
03 Apr, 2024 News Image India asks traders to avoid buying new-season wheat to shore up state stocks.

India has asked global and domestic trade houses to avoid buying new-season wheat from local farmers to help the government-backed Food Corporation of India (FCI) procure large quantities to shore up its depleting reserves, sources said.


 Source:  economictimes.indiatimes.com
03 Apr, 2024 News Image Govt allows Kala namak rice export from 6 customs stations.

The government Tuesday allowed exports of Kala Namak rice up to an aggregate quantity of 1,000 metric tonnes through six specified customs stations. Their exports were prohibited till now.


 Source:  economictimes.indiatimes.com
03 Apr, 2024 News Image Bilateral trade between Italy and India expected to continue surging.
Trade between India and Italy is expected to surge 10-15% each year for the next 4-5 years, according to Claudio Maffioletti, chief executive officer of the Indo-Italian Chamber of Commerce and Industry.
'We are seeing that the number and the level of interest towards India from Italian companies and towards Italy from Indian companies is increasing,' he told DH during the inauguration of the Chamber’s new office in Bengaluru.
 

 Source:  deccanherald.com
03 Apr, 2024 News Image World Bank projects Indian economy to grow at 7.5% in 2024.
The Indian economy is projected to grow at 7.5 per cent in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2 per cent.
Overall, growth in South Asia is expected to be strong at 6.0 per cent in 2024, driven mainly by robust growth in India and recoveries in Pakistan and Sri Lanka, the World Bank said in its latest South Asia Development Update on Tuesday.
 

 Source:  thehindubusinessline.com
03 Apr, 2024 News Image India, Eurasian Economic Union bloc officials hold talks to formally start negotiation for FTA.

Senior officials of India and the five-nation Eurasian Economic Union (EEU) bloc held detailed discussions last month to formally start negotiations for a free trade agreement to boost economic ties, an official said.


 Source:  indianexpress.com
02 Apr, 2024 News Image Mission 2047: India charts road to a developed economy.
India is drawing up near, medium and longterm goals in line with its target to become a developed economy by 2047, with a focus on electric mobility, digitisation of payments infrastructure and high-speed expressways, officials said.
All central ministries will soon firm up plans indicating five-year budgetary requirements for better financial management, they said.

 Source:  economictimes.indiatimes.com
02 Apr, 2024 News Image Bundelkhand wheat variety gets GI tag, first for a farm produce.
The Bundelkhand region in Uttar Pradesh has received its first Geographical Indication (GI) tag for a farm produce.
The indigenous farm produce wheat, popularly known as Kathiya Gehu (wheat), has been conferred the prestigious Geographical Indication (GI) tag, said the authorities on Monday.

 Source:  telanganatoday.com
02 Apr, 2024 News Image Brazil keen to have partnership with Punjab in agriculture: Envoy.

Brazil is keen to have partnership with Punjab in agriculture with a focus on developing resilient crop varieties, genetic materials in dairy farming, cotton production, solar energy and ethanol use, as well as collaboration in higher education and research, Ambassador Kenneth H. Da Nobrega said on Monday.


 Source:  daijiworld.com
02 Apr, 2024 News Image West Bengal farmers shift from wheat to lucrative banana, lentils and maize cultivation.

West Bengal is witnessing a significant shift in crop patterns. Farmers are increasingly abandoning wheat cultivation in favour of more profitable alternatives. In Murshidabad and Nadia districts, bordering Bangladesh, farmers are cultivating banana, lentils and maize in place of wheat. 


 Source:  downtoearth.org.in