Today, India’s Union Minister for Agriculture & Farmers’ Welfare and Rural Development Shri Shivraj Singh Chouhan met Mr. Todd Mcclay, New Zealand’s Minister for Agriculture, Forestry, Trade, and Associate Minister for Foreign Affairs, along with his delegation for a high-level bilateral meeting held today at the Krishi Bhavan in New Delhi.

India and Russia are exploring the idea of a dynamic reference rate to start a rupee-rouble market, along with allowing greater deployment of the rupee balance that has accumulated in course of trade between the two countries since outbreak of the Ukraine war.

Ministry of Food Processing Industries (MoFPI) is implementing Central Sector Schemes of Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), and Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) and Centrally sponsored Prime Minister Formalization of Micro Food Processing Enterprises (PMFME) scheme for the overall development of food processing sector, including creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet.

The Department of Agriculture & Farmers’ Welfare has released progress of area coverage under kharif crops as on 12th August 2024.

India has the potential to become a USD 55 trillion economy by 2047 if state and central governments work hard to implement policies that will take the country's growth from 'what has been historically 7 % to 8% (in rupee terms)', Krishnamurthy V Subramanian, Executive Director of the International Monetary Fund (IMF) said on Monday.

India has sought early market access for grape exports to New Zealand and approval for its vapour heat treatment (VHT) facilities—used to kill pests— in Delhi and Lucknow.

In order to boost continuous improvement in food processing sector, Ministry of Food Processing Industries (MoFPI), is currently implementing Research and Development Scheme, which is a part of Human Resource & Institutions Scheme under the umbrella scheme of the Ministry i.e. Pradhan Mantri Kisan SAMPADA Yojana (PMKSY).

Merchandise exports from India in the ongoing September quarter are projected to grow by 4.2 per cent to $111.7 billion, according to the Exim Bank.