1. Home
  2. Market Intelligence
  3. Market News
Archive
Apr 03, 2025 News Image India to face 'discounted' 26% tariff from US; Trump slaps 34% on China.
After weeks of anticipation, President Donald Trump unveiled a new set of tariffs on both allies and adversaries, aiming to address what he describes as unfair trade practices. The tariffs, which are set to impact countries that impose high duties on US exports, will see India facing a 26% tariff on its goods entering the US, along with significant penalties for other nations.
 Source:  economictimes.indiatimes.com
Apr 02, 2025 News Image India's tariff policy aims to regulate trade, protect industries, generate revenue: Piyush Goyal.
Commerce and Industry Minister Piyush Goyal on Tuesday said the country's tariff policy aims to regulate trade, protect domestic industries, and generate revenue through taxes on imported and exported goods. In a written reply to the Lok Sabha, he said with the changing trade scenario, India is moving towards having free trade agreements wherein customs tariffs and non-tariff barriers are reduced or eliminated on substantial trade.
 Source:  economictimes.indiatimes.com
Apr 02, 2025 News Image CBIC to introduce e-processing of export, import through personal carriage by air pax from May 1.
The CBIC on Tuesday said it will introduce electronic processing of import/ export through personal carriage by air passengers from May 1 at specified airports. Nine airports at Delhi, Mumbai, Kolkata, Chennai, Kochi, Coimbatore, Bangalore, Hyderabad and Jaipur would allow personal carriage export of gems and jewellery. Seven airports Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad and Jaipur would allow personal carriage import of gems and jewellery.
 Source:  economictimes.indiatimes.com
Apr 02, 2025 News Image India’s wheat procurement season begins with 6 lt surplus on early purchase.
The wheat procurement season began on Tuesday with the Food Corporation of India (FCI) registering a lead of nearly 6 lakh tonnes (lt) compared with the last year due to early purchase staring from March 10 in Rajasthan.
 Source:  thehindubusinessline.com
Apr 02, 2025 News Image West African parboiled rice prices fall 25% after export duty removal.
West African parboiled rice prices have fallen 25% over the past six months following India's removal of a 10% duty on exports. Platts, part of S&P Global Commodity Insights, assessed the price of PB 5% STX CFR Cotonou at $450/mt on March 31, down from $600/mt on Sept. 27.
 Source:  spglobal.com
Apr 02, 2025 News Image Government approves export of key commodities to Maldives for 2025-26.
India on Tuesday notified exports of specified quantities of commodities like eggs, potatoes, onions, rice, wheat flour, sugar, and dal for the Maldives in the current fiscal year. The Directorate General of Foreign Trade (DGFT) in a notification said these exports have been permitted to the Maldives under the bilateral trade agreement between the countries in 2025-26.
 Source:  business-standard.com
Apr 02, 2025 News Image India exported 19.86 million tonnes rice till Mar 25 of FY25: Govt tells RS.
India has exported 198.65 lakh tonnes of rice till March 25 of the last fiscal year, surpassing the outward shipment of 163.58 lakh tonnes in the entire 2023-24 financial year. In a written reply to Rajya Sabha, Minister of State for Food and Consumer Affairs Nimuben Jayantibhai Bambhaniya said, 'The domestic production of agri-commodities. their availability and import/export is monitored closely by the government...'.
 Source:  business-standard.com
Apr 02, 2025 News Image Government lists exporters' feedback: US 2nd biggest source of curbs.
Trade restrictions imposed by the US through standards and other compliances are next only to the European Union on a platform that is being put together by the govt based on feedback from domestic industry. The commerce department, which is testing the portal, has received 24 complaints related to recent trade barriers erected by EU, followed by the US (22) and China (20), some of which have already been flagged by Indian officials during their interaction with American counterparts.
 Source:  timesofindia.indiatimes.com
Apr 02, 2025 News Image EU pushes for MFN provision in India trade talks, eyes US-style concessions.
The European Union is pressing for inclusion of a 'forward most-favoured-nation (MFN)' provision in free trade agreement (FTA) talks with India, which would require the latter to make concessions similar to those offered to the US in a proposed bilateral trade pact. The issue of MFN status figured during the last round of India-EU trade negotiations in Brussels held a fortnight ago, people familiar with the development said. Such a move would imply that reduced duties would apply uniformly across all imports.
 Source:  economictimes.indiatimes.com
Apr 02, 2025 News Image India a major geopolitical power, want strategic ties with it: Dutch FM.
India and the Netherlands are looking at firming up an ambitious agreement this year to facilitate cooperation in high technology areas such as semiconductors, Dutch Foreign Minister Caspar Veldkamp said on Tuesday. In a media interaction, Veldkamp said the Netherlands is also eyeing to firm up a strategic partnership with India as it is emerging as a major geopolitical power in the Indo-Pacific.
 Source:  business-standard.com