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21 Mar, 2024 News Image Integrated Veterinary Health Certificate necessary for import of milk, milk products into India: FSSAI.
The Food Safety and Standards Authority of India (FSSAI) has mandated the requirement of an Integrated Veterinary Health Certificate for the import of milk and milk products into India.
According to a press release, this directive, aimed at ensuring food safety standards, comes as part of a series of measures to regulate the importation of food items.
 

 Source:  theprint.in
21 Mar, 2024 News Image Interest Equalisation Scheme Gets Capped at Rs 2.5 Crore Per Importer Exporter Code For June Quarter.
The government has imposed a cap of Rs 2.50 crore per Importer Exporter Code under Interest Equalization Scheme for the quarter ending June 30, 2024. 
The Interest Equalization Scheme introduced in 2015 to provide pre and post-shipment export credit to exporters in Indian rupee was originally slated for a five-year duration till March 31, 2020. However, it has since been extended multiple times, including a one-year extension amidst the Covid-19 pandemic, along with additional extensions and allocations of funds.
 

 Source:  deccanchronicle.com
21 Mar, 2024 News Image Indian growers begin reaping flavours of global cocoa price surge.
Indian cocoa growers are reaping the benefits of a surge in global cocoa prices, which have nearly doubled since the beginning of this year leaving consumers worried over the price they have to pay for their favourite chocolates.
The price rise in the global market has led research agency BMI, a unit of Fitch Solutions, to raise its 2024 average price forecast for ICE-listed second-month cocoa futures contracts from $3,750 per tonne to $6,000 — a 60 per cent increase.

 Source:  thehindubusinessline.com
21 Mar, 2024 News Image Basmati exports set to top record $5 billion-mark this fiscal.
India’s basmati shipments are set to cross the $5 billion-mark during the current financial year on robust demand from traditional markets in Middle East and other markets such as the United States and the United Kingdom.
Basmati shipments have maintained a growth rate of about 20 per cent in the first ten months of the financial year 2023-24 (April-January) with the export value touching $4.586 billion. With shipments gathering pace in February, ahead of the Ramadan festive season, trade sources expect the value to exceed $5 billion for the current fiscal.

 Source:  thehindubusinessline.com
21 Mar, 2024 News Image Trade officials, exporters to meet over rejection of Indian farm exports.

Senior commerce ministry officials are preparing to meet exporters and other stakeholders to find ways to meet phytosanitary requirements that have become a hurdle for agricultural exports, two people aware of the matter said.


 Source:  livemint.com
21 Mar, 2024 News Image India can sustain 8 pc growth, even higher: RBI bulletin.

India can sustain 8 per cent annual GDP growth and the conducive macroeconomic configuration may become a launching pad for a step-up in the country's growth trajectory, said an article on the 'State of Economy' in the central bank's March Bulletin published on Tuesday. Over the period 2021-24, gross domestic product (GDP) growth has averaged above 8 per cent.


 Source:  economictimes.indiatimes.com
21 Mar, 2024 News Image Indian start-up ecosystem to play a key role in making India third-largest economy: PM Modi.

Prime Minister Narendra Modi on Wednesday said that India has democratised technology and the 'haves and have nots' theory cannot work in this country. He said this was exemplified by the financial inclusion achieved through UPI, which is used for financial transactions even in villages.


 Source:  thehindubusinessline.com
21 Mar, 2024 News Image Five products from Bengal get the prestigious GI tags
West Bengal witnesses the recognition of five indigenous products with geographical indication (GI) tags.
This is a significant step in preserving and promoting its rich cultural and agricultural heritage and acknowledges its unique qualities as well as origins of them, hereby assuring legal protection and increasing their market value.  This was a long due expectation and is certainly a proud moment for Bengal and thousands of farmers and artisans, giving a stamp of authenticity to their products. 

 Source:  getbengal.com
21 Mar, 2024 News Image Bangladesh: Another 300 tonnes potato imported from India to control price hike.
Besides, the government has also approved the imports of rice, pulses, wheat, eggs, onions and green chillies as well.
'300 tonnes of potatoes arrived in 12 trucks at 11:30pm on Tuesday (March 19) through Petrapole Port of India,' Aziz Khan, revenue officer of Benapole Port's cargo branch check post, told The Business Standard.

 Source:  tbsnews.net
20 Mar, 2024 News Image Ministry of Commerce & Industry: Startup Mahakumbh witnesses record-breaking participation and enthusiasm.

The Startup Mahakumbh, India’s largest and pioneering startup event, has witnessed unprecedented participation, underscoring the nation’s vibrant entrepreneurial landscape and fostering innovation across various sectors.


 Source:  theprint.in