1. Home
  2. Market Intelligence
  3. Market News
Archive
May 09, 2025 News Image UP CM Yogi Adityanath: MSMEs Must Adapt to Market Demands.
Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday emphasized the need for MSMEs in the state to continuously upgrade themselves in line with evolving market demands. While reviewing the MSME department on Tuesday, the Chief Minister said that Uttar Pradesh hosts the largest MSME base in the country, and therefore, a solid strategy should be adopted to enhance the capabilities of youth engaged in this sector.
 Source:  money.rediff.com
May 09, 2025 News Image No minimum import duty condition on British alcohol under India-UK FTA: Official.
India has not included the MIP (minimum import price) provision for British alcoholic beverages in the free trade agreement between the two countries as demanded by domestic liquor manufacturers, a government official said on Thursday. The domestic industry has consistently sought a level playing field through the inclusion of an MIP, arguing that it would help curb dumping and under-invoicing by foreign companies.
 Source:  economictimes.indiatimes.com
May 09, 2025 News Image Cheaper chocolates, cosmetics, soft drinks from UK no threat to India’s local industry.
India’s free trade agreement (FTA) with the UK will allow imports of cosmetics, soft drinks and chocolates at concessional duties but officials ruled out any surge in their shipments that could impact domestic industry. However, Scotch whisky imports are expected to grow as India has halved the tariffs to 75% immediately and 40% after ten years of the agreement.
 Source:  economictimes.indiatimes.com
May 09, 2025 News Image Govt sets record 169 million tonnes foodgrain production target for kharif 2025.
The government has set foodgrain production target of 168.88 million tonnes (mt) for the kharif 2025 cropping season. This is up 1.5 per cent from the corresponding previous season’s output. Setting a higher production target, Agriculture Minister Shivraj Singh Chouhan on Thursday announced a fortnight long 'Vikshit Krishi Sankalp Abhiyan' (developed agriculture resolve campaign) to commence from May 29, which aims to cover about 2 crore farmers and help them improve their linkage with agriculture research.
 Source:  thehindubusinessline.com
May 09, 2025 News Image India's exports to US hit record high in March amid 90-day tariff pause.
India’s exports to the United States surged to a record $11.2 billion in March, crossing the $10 billion mark for the first time and marking a nearly 50 per cent increase over the 12-month average. The rise pushed total bilateral goods trade to an unprecedented $15 billion for the month, data from the United States Census Bureau showed.
 Source:  business-standard.com
May 09, 2025 News Image Govt to launch pan-India farmers awareness campaign from May 29 to boost Kharif output.
With ensuing kharif sowing season, Union Agriculture Minister Shivraj Singh Chouhan on Thursday announced a pan-India 15-day campaign starting May 29 to educate and create awareness among 1-1.5 crore farmers about modern technology and new seed varieties. The minister also announced that the Centre will consider making amendments in Seeds Act, 1966 to curb sales of spurious seeds and protect farmers interest.
 Source:  economictimes.indiatimes.com
May 08, 2025 News Image FSSAI empowers consumers to report misleading claims on food products.
The Food Safety and Standards Authority of India (FSSAI), has introduced a new digital utility that enables consumers to directly report misleading claims made on food product labels. Consumers can now lodge complaints regarding misleading or false claims displayed on packaged food items through the Food Safety Connect mobile application or via Food Safety Compliance System (FoSCoS – https://foscos.fssai.gov.in). This initiative is part of FSSAI’s ongoing efforts to promote transparency, protect consumer rights and strengthen food safety regulations in the country.
 Source:  fnbnews.com
May 08, 2025 News Image Malaysia eyes alternative rice supply.
The government has not ruled out the possibility of increasing rice imports from several regional countries following the ongoing conflict involving India and Pakistan, says Datuk Seri Mohamad Sabu (pic). The Agriculture and Food Security Minister said the turmoil in both countries is expected to affect Malaysia’s rice import supply.
 Source:  asianews.network
May 08, 2025 News Image India's meat, shrimp exporters hope for new markets with India-UK FTA.
India’s animal products and processed food exporters expect a surge in demand from the South-East Asian diaspora in the United Kingdom (UK) following the signing of free trade agreement (FTA). When it comes to agricultural imports, traders expect an uninterrupted flow of scotch, lamb, sweet products, and salmon into India.
 Source:  business-standard.com
May 08, 2025 News Image Piyush Goyal to meet exporters on May 8 on India-UK trade pact.
Commerce and Industry Minister Piyush Goyal will meet representatives of export promotion councils (EPCs) here on May 8 to discuss matters related to the free trade agreement with the UK, an industry official said on Wednesday. India and the UK clinched a 'landmark' trade deal that will remove taxes on the export of labour-intensive products such as leather, footwear and clothing, while making imports of whisky and cars from Britain cheaper, in a bid to double trade between the two economies to USD 120 billion by 2030.
 Source:  economictimes.indiatimes.com