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Jun 20, 2025 Focused on doing trade deals to complement, not compete: Piyush Goyal. India is in trade dialogues with countries with whom it doesn't compete but can complement the economies involved, Commerce and Industry Minister Piyush Goyal said here on Thursday. Addressing an India Global Forum (IGF) session on UK-India Science, Technology and Innovation Collaboration at the Science Museum, the minister elaborated on the opportunities that trade deals open up - bilaterally and to the wider global economy. Source: economictimes.indiatimes.com
Jun 20, 2025 Indian rapeseed meal exports soar as China replaces Canadian supply. China is set to make record purchases of rapeseed meal from India following Beijing's move to impose a 100% retaliatory tariff on Canadian imports, senior industry officials said. India's rapeseed meal exports will help China, the world's top consumer, replace imports from Canada while easing pressure on local rapeseed prices in India where there are large stockpiles of the widely used animal feed. Source: economictimes.indiatimes.com
Jun 20, 2025 US asks India to fast-track approval of exports such as meat and seafood. As the trade negotiations between India and the US are going on, the latter has asked India to fast-track the process of approval of certain food items exported from the US including meat and seafood. The bilateral trade negotiations were going on for the last few months after the new US President Donald Trump took over the office. Source: fnbnews.com
Jun 20, 2025 Union Minister of Commerce & Industry, Shri Piyush Goyal Showcases India’s Strategic Economic Vision at India Global Forum 2025 in London. Union Minister of Commerce & Industry, Shri Piyush Goyal showcased India’s strategic global outlook and economic leadership at the India Global Forum (IGF) 2025 in London today. His visit marks a significant moment following the historic signing of the India–UK Free Trade Agreement (FTA) in May 2025. Source: pib.gov.in
Jun 19, 2025 FAS USDA forecasts record Indian rice harvest and exports. In the 2025/2026 season, which begins on October 1, India may harvest 150 million tonnes of rice, the Foreign Agricultural Service of the US Department of Agriculture (FAS USDA) predicts. The current season’s harvest is estimated at a record 149.0 million tonnes. From October 2024 to March 2025, India has already exported 12.7 million tonnes of rice, which is 5.6 million tonnes more than in the same period last season. If the export pace does not slow down until the end of the season, the volume of rice exports for the entire current season will amount to a record 24.5 million tonnes. Source: ukragroconsult.com
Jun 19, 2025 Centre calls States’ meet on June 24 to discuss follow-up action after ‘Lab to Land’ campaign ends. Union Agriculture Minister Shivraj Singh Chouhan today announced a comprehensive review of the recently concluded 'Viksit Krishi Sankalp Abhiyan,' a 15-day campaign aimed at bridging the gap between agricultural research and farmers. He will chair a meeting on June 24 with State agriculture ministers, officials, and scientists to assess the campaign’s outcomes and formulate future action plans. Virtual participation will be available for those unable to attend the meeting physically. Source: thehindubusinessline.com
Jun 19, 2025 Developed world nowhere close to India in Fintech: Finance Minister. Praising India's Fintech revolution, Finance Minister Nirmala Sitharaman has said that even advanced countries are nowhere close to the kind of progress India is witnessing. 'This is something very unique to Indian Fintech. Several countries are now eager to engage with us, often requesting deeper interactions,' she said while addressing the Digital Payments Award ceremony on Monday. Source: newindianexpress.com
Jun 19, 2025 ‘Everything on the table…’: India eyes duty cuts on both sides; seeks assurance Donald Trump-led US won’t impose additional tariffs after trade deal. India seeks guarantees from the US against future tariffs as they finalize a bilateral trade agreement. India wants tariff stability, especially for labor-intensive sectors like leather and textiles. The goal is to secure preferential trade advantages through mutual duty reductions before the July 9 deadline. Source: timesofindia.indiatimes.com
Jun 19, 2025 Edible oil companies reduced rates after duty cut, says Indian government. Most of the edible oil companies have reduced maximum retail price (MRP) and Price to Distributor (PTD) after the Centre announced a drastic reduction in basic customs duty of imported crude edible oils, the Government said on Wednesday. On May 30, it cut the levy from 20 per cent to 10 per cent. . Also, many other processing units have assured the government to further cut prices over the next few days, as they continue to receive lower-cost shipments of crude oils under the revised duty structure. Source: thehindubusinessline.com
Jun 19, 2025 Govt to tighten seeds, pesticides laws after farmers flag poor-quality inputs: Chouhan. Union Agriculture Minister Shivraj Singh Chouhan on Wednesday said the government will tighten seeds and pesticides legislations and may bring amendments to the existing laws to ensure quality inputs to farmers. The minister pointed that many farmers have raised concerns about the quality of seeds and pesticides during the Viksit Krishi Sankalp Abhiyan, a pan-India campaign to reach out to the farmer community. Source: thehindubusinessline.com
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