07 Oct, 2024 News Image India, EU in negotiations as October deadline on oversight looms.
Indian and European regulators are engaged in intense discussions to resolve oversight issues regarding local clearing houses, with banks asked to make alternate arrangements with an end-October deadline approaching, according to people familiar with the matter.
 

 Source:  economictimes.indiatimes.com
07 Oct, 2024 News Image Govt steps in to address finance concerns of exporters.

The commerce department has stepped in to work out a long-term solution to the credit woes of exporters, especially the smaller players, who are complaining of lack of access to finance with banks and RBI remaining mere spectator.


 Source:  timesofindia.indiatimes.com
07 Oct, 2024 News Image Prime Minister Shri Narendra Modi launches various initiatives related to the agricultural and animal husbandry sector worth around Rs 23,300 crore in Washim, Maharashtra.

The Prime Minister, Shri Narendra Modi launched various initiatives related to the agricultural and animal husbandry sector worth around Rs 23,300 crore in Washim, Maharashtra today. The initiatives include disbursing the 18th installment of the PM-KISAN Samman Nidhi, launching the 5th installment of NaMo Shetkari Mahasanman Nidhi Yojana, the dedication of more than 7,500 projects under the Agriculture Infrastructure Fund (AIF), 9,200 Farmer Producer Organizations, five solar parks across Maharashtra with a total capacity of 19 MW and the launch of Unified Genomic Chip for cattle and indigenous sex-sorted semen technology.


 Source:  pib.gov.in
07 Oct, 2024 News Image Paddy area increases in Telangana on bonus hopes.

The Telangana government’s decision to offer a Rs.500 bonus per quintal of superfine paddy varieties has spurred a significant increase in the paddy area. Farmers are attracted by the promise of additional income, with the government anticipating that the paddy area will surpass the usual 23 lakh hectares for the kharif season. 


 Source:  thehindubusinessline.com
04 Oct, 2024 News Image India aims to double edible oil output to cut down reliance on imports.
India on Thursday approved a Rs 10,100 crore ($1.2 billion) programme to double edible oil production in the country within seven years, aiming to reduce dependence on costlier imports, the government said in a statement.
 

 Source:  business-standard.com
04 Oct, 2024 News Image Allow 100% juice claim for products with no added sugar: Beverage industry to FSSAI.

The beverage industry has urged the Food Safety and Standards Authority of India (FSSAI) to allow them to make '100 per cent' juice claim in products that have no 'added sugar'.


 Source:  thehindubusinessline.com
04 Oct, 2024 News Image Yogi govt plans divisional trade shows following UP International Trade Show-2024 success.

Following the success of the UP International Trade Show-2024 (UPITS-2024) held recently at India Expo Mart, Greater Noida, UP government is now under plan to host similar trade shows at the divisional level across the state.


 Source:  m.economictimes.com
04 Oct, 2024 News Image India regards the United States as one of our most reliable trade partners: Piyush Goyal.

Union Minister of Commerce and Industry, Piyush Goyal, on Friday stated that US-India relations are expanding across various sectors, including trade, technology, and investment.


 Source:  economictimes.indiatimes.com
04 Oct, 2024 News Image Commerce and Industry Minister Shri Piyush Goyal interacts with business leaders and investors in New York.
Union Commerce and Industry Minister, Shri Piyush Goyal held important meetings with business leaders and Indian diaspora in New York.
On day two of the visit to the United States of America (USA), Minister Goyal met leading investors including Chief Operating Officer, BlackRock, Mr. Robert Goldstein; Chairman and CEO, Systems Technology Group, Mr Anup Popat; CEO, Tillman Holdings, Mr Sanjiv Ahuja; CEO, C4V, Mr Shailesh Upreti; and CEO Janus Henderson Investors, Mr Ali Dibadj. During the meetings Minister Goyal discussed opportunities for collaboration to position India as a global manufacturing hub and invited the investors to increase their commercial and trade footprints in India, while also garnering suggestions and ideas from the leading business experts towards furthering ease of doing business.

 Source:  pib.gov.in
04 Oct, 2024 News Image Cabinet approves Rs.1 lakh crore for PM-RKVY and Krishonnati Yojana to boost food security and sustainable agriculture

In a significant move to enhance agricultural productivity and ensure food security, the Union Cabinet approved the proposal from the Department of Agriculture & Farmers Welfare (DA&FW) to rationalise all Centrally Sponsored Schemes (CSS) under the Ministry of Agriculture and Farmers’ Welfare. This new structure will consolidate these schemes into two umbrella initiatives: the Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) and the Krishonnati Yojana (KY).


 Source:  economictimes.indiatimes.com