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India's presence in global markets for apples, walnuts, almonds and saffron remains limited, with increasing import dependence and stagnant or declining exports, the Aayog said, in its report released on Wednesday. The Aayog said the mission project 'Operation Golden Greens' should be launched and implemented in a phased manner to improve the productivity of these commodities and make India globally competitive. NITI Aayog has proposed a mission project 'Operation Golden Greens' for horticultur ...Read More >
New Delhi: Aayog on Wednesday proposed an ambitious "Operation Golden Green" for Jammu and Kashmir aimed at transforming the Union Territory's horticulture sector and significantly boosting exports of apples, walnuts, almonds and saffron. In its report, Roadmap for Horticulture Development in the UT of Jammu and Kashmir, the policy think tank said J&K possesses enormous untapped potential in global horticulture markets, but India's exports of these products have remained stagnant despite rising ...Read More >
New Delhi [India], April 3 (ANI): Amid the ongoing conflicts in West Asia, the continuation of schemes like RoSCTL (Rebate of State and Central Taxes and Levies) and RoDTEP (Remission of Duties and Taxes on Exported Products) helps reduce hidden taxes on exports, allowing Indian exporters to price their goods more competitively in global markets, said Ranjeet Mehta, CEO and Secretary General of PHDCCI. Speaking with ANI, Mehta said, "RoSCTL and RoDTEP reduce embedded taxes, enabling exporters t ...Read More >
New Delhi [India], April 3 (ANI): Amid the ongoing conflicts in West Asia, the continuation of schemes like RoSCTL (Rebate of State and Central Taxes and Levies) and RoDTEP (Remission of Duties and Taxes on Exported Products) helps reduce hidden taxes on exports, allowing Indian exporters to price their goods more competitively in global markets, said Ranjeet Mehta, CEO and Secretary General of PHDCCI. Speaking with ANI, Mehta said, "RoSCTL and RoDTEP reduce embedded taxes, enabling exporters t ...Read More >
NEW DELHI: As a one-time relief for SEZ (Special Economic Zone) units, govt has allowed them to sell up to 30% of their turnover in the domestic tariff area, or the Indian market, by paying concessional duty.A minimum 20% value addition within the SEZ has been prescribed for units to get the concession that is available during the current financial year. A list of sectors has also been notified, covering major sectors and keeping sensitive sectors out."The measure is expected to benefit around 1 ...Read More >
New Delhi: In a relief to exporters, India has announced a one-time relief measure for units in special economic zones (SEZ), allowing them to sell goods in domestic markets at a lower customs duty for one year, and extended fiscal benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) by six months, until September 30, amid the conflict in West Asia. The government is working on a broader framework on harmonisation of various export promotion schemes with a key focus on ...Read More >
The European Union and India are set to announce a landmark trade deal after nearly two decades of on-off talks, as both sides aim to deepen ties amid tensions with the US. India's Commerce Secretary Rajesh Agarwal said on Monday that negotiations had been wrapped up and the deal finalised. European Commission President Ursula von der Leyen and European Council President António Luís Santos da Costa are in Delhi, where the announcement is expected. Both India and the EU are seeking to streng ...Read More >
India's exports to the US in November rose 22% on-year to $6.98 billion, despite the 50% tariff that Washington levies on imports from India since August. This is faster than the 19.38% growth in India's total outbound shipments in November and 2.62% in April-November. New Delhi: Led by engineering goods, chemicals and farm products, India's merchandise exports to the US rose 11.38% on-year in April-November FY26 at $59.04 billion, reflecting strong momentum in India-US trade ties, data release ...Read More >
New Delhi, Dec 15 (PTI) India's exports rebounded by 19.37 per cent to USD 38.13 billion in November after contracting in October, driven by higher shipments of engineering and electronics goods that helped bring down the trade deficit to a five-month low of USD 24.53 billion. According to government data released on Monday, the country's imports dipped by 1.88 per cent to USD 62.66 billion due to a fall in the inbound shipments of gold, crude oil, coal, and coke during the month under review. ...Read More >
Russian President Vladimir Putin reaffirmed Moscow's role as a steady energy supplier for India's growing economy. He highlighted expanding cooperation in nuclear power, trade routes like INSTC, and Russia's participation in 'Make in India'. Russia has reaffirmed its long-standing energy partnership with India, with President Vladimir Putin declaring that Moscow will remain a steady, uninterrupted supplier for the country's fast-growing economy. While adressing the joint press address with Prim ...Read More >
In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The U.S. and India are close to a possible trade deal that would reduce tariffs on Indian exports to about 15% to 16% from the current 50%, according to the Mint. In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The bilateral trade agreement could be announced when President D ...Read More >
President Trump stated he discussed trade and energy with Indian Prime Minister Modi, who assured him India would limit oil purchases from Russia. This comes as Trump pressures Moscow to end the Ukraine war, with India being a major buyer of Russian crude. United States President Donald Trump said he held talks with Prime Minister Narendra Modi on Tuesday, with their conversation focused largely on trade. "Let me extend our warmest wishes to the people of India. I just spoke to your Prime Mini ...Read More >
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Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Friday that India and Brazil have agreed to expand their partnership in oil exploration and production, with Indian upstream oil companies such as ONGC expected to participate in upcoming offshore projects in the Latin American country. New Delhi, Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Friday that India and Brazil have agreed to expand their partnership in oil exploration and production, with Indian upstr ...Read More >
Kedia Advisory - Crude oil yesterday settled lower by 1.68% at 5,145 as investors reacted to concerns over a potential supply surplus and renewed trade tensions between the U.S. and China. The International Energy Agency (IEA) forecasted that the global oil market could face a surplus of up to 4 million barrels per day in 2026, significantly higher than earlier estimates, amid rising output from OPEC+ and sluggish demand growth. The ongoing U.S.-China trade dispute, with both nations imposing ne ...Read More >
New Delhi: India and Brazil on Thursday agreed to deepen their economic engagement by expanding the scope of their Preferential Trade Agreement (PTA) under the Mercosur framework. As a part of this effort, the two countries have set a new bilateral trade target of $20 billion by 2030, up from $12 billion in 2024. At the India-Brazil Business Dialogue in New Delhi, Brazil's Vice President and Minister for Development, Industry, Trade & Services, Geraldo Alckmin, said the two nations were "comple ...Read More >
On this, the 80th World Food Day, Codex joins the celebrations of FAO's 80 years of service to the farmers, fishers, livestock rearers, environmentalists, economists, statisticians, governments, traders and consumers, including the marginalized, across the world. The Organization has been celebrating throughout the year, with celebrations culminating this week in the first ever FAO Global Exhibition, which took place in Rome, the opening of the FAO museum and network and one of the biggest meeti ...Read More >
New Delhi: India's exports to the US fell nearly 12% to $5.5 billion in Sept, the first full month since 50% tariffs were imposed by US President Donald Trump on all shipments from Aug 27.But overall exports held steady, rising 6.7% to $36.4 billion in Sept, while imports jumped 16.7% to a record $68.53 billion -- a shade higher than Aug 2024 level of $68.51 billion. As a result, trade deficit ballooned to $32.1 billion, a 13-month high.Imports rose as fertilizer shipments surged three times to ...Read More >
Thiruvananthapuram: State govt on Wednesday launched new policies on export promotion, logistics and ESG (environment, social and governance), along with a Hi-Tech Framework. These initiatives are part of efforts to strengthen state's industrial base and attract investments aligned with its New Industrial Policy (NIP).Industries minister P Rajeeve said the initiatives are intended to consolidate Kerala's position as a destination for sustainable and technology-driven industries. He addressed a n ...Read More >
Rajesh Agrawal assumed charge as Secretary, Department of Commerce, on Wednesday. He succeeded Sunil Barthwal, who retired September 30. Agrawal has three decades of experience in governance. He previously oversaw India's trade negotiations with various countries. He was chief negotiator for the India-US Bilateral Trade Agreement. He also managed export promotion for agriculture and allied sectors. Senior IAS officer Rajesh Agrawal on Wednesday assumed charge as Secretary, Department of Commerc ...Read More >
Lucknow: Describing Uttar Pradesh as unstoppable, Union minister for commerce and industry Piyush Goyal on Monday said that Uttar Pradesh International Trade Show (UPITS) was a mirror of not only UP's economic, industrial, and cultural capabilities but also speaks for India.Speaking at the closing ceremony of the show, Goyal called upon citizens to use Swadeshi products and promote entrepreneurship. He also asked them to take a collective pledge to achieve the goal of Developed India 2047. Refer ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) The Directorate General of Foreign Trade (DGFT), an authority under the Ministry of Commerce and Industry, on Monday hosted an outreach programme on the recently concluded India-UK comprehensive economic and trade agreement (CETA). Chairing the programme at Bharat Mandapam here, Ajay Bhadoo, director general of foreign trade and additional secretary in the Ministry of Commerce and Industry, underlined the strategic significance of CETA in expanding India's foo ...Read More >
PM Modi's Bihar Visit: Prime Minister Narendra Modi is set to visit Bihar on September 15, today and inaugurate the National Makhana Board along with the launch of the new terminal building at the Purnea Airport. He will also lay the foundation stone of development projects worth Rs 36,000 crore. The Board, announced in the Union Budget 2025, will have the primary objective of improving production, processing, value addition, marketing, and export promotion of makhana. Constitution: According ...Read More >
New Delhi, Sep 15 (SocialNews.XYZ) Prime Minister Narendra Modi is on a high-profile visit to West Bengal and Bihar on Monday, where he is inaugurating key infrastructure and developmental projects aimed at enhancing India's military preparedness, regional connectivity, and economic growth. Starting his day in Kolkata, PM Modi inaugurated the 16th Combined Commanders' Conference-2025 at around 9:30 a.m. The three-day conference, which will run from September 15 to 17, is the apex-level meeting ...Read More >
Amidst US criticism over Russian oil imports, India's Oil Minister Hardeep Puri defended the country's energy strategy, arguing that it stabilises global markets and prevents price surges. Puri refuted claims of undermining sanctions, highlighting adherence to international rules and legal transactions. Amid continuing criticism of India by Trump and his officials over oil purchases from Russia, Oil minister Hardeep Puri on September 1 came up with a strong rebuttal, countering US rhetoric with ...Read More >
WASHINGTON/NEW DELHI, Aug 27 (Reuters) - U.S. President Donald Trump's doubling of tariffs on imports from India to as much as 50% took effect as scheduled on Wednesday, delivering a serious blow to ties between two powerful democracies that had in recent decades become strategic partners. A punitive 25% tariff, imposed due to India's purchases of Russian oil, was added to Trump's prior 25% tariff on many imports from the South Asian nation. It takes total duties as high as 50% for goods as var ...Read More >
(Bloomberg) -- Oil fell as traders looked past US efforts to force India to quit buying Russian crude, and broader markets carried a risk-off tone. Global benchmark Brent dropped below $68 a barrel, while West Texas Intermediate was near $64. White House trade adviser Peter Navarro stepped up the pressure on New Delhi to halt purchases of Russian energy after Washington doubled a levy on imports from the country to 50%. Calling Indians "arrogant," he cast the conflict in Ukraine as "Modi's war, ...Read More >
NEW DELHI, Aug 20 (Reuters) - Russia will continue supplying oil to India and the country's President Vladimir Putin will meet India's Prime Minister Narendra Modi in New Delhi by the end of year, a Russian embassy official in India said on Wednesday. Russia has a "very, very special mechanism" to continue oil supplies to India, Roman Babushkin, the charge d'affaires at the Russian embassy in India, told reporters at a press briefing, adding that India's crude oil imports from Russia will remai ...Read More >
India defends its right to purchase from the cheapest source, while strengthening ties with Russia and China. Russia expects India to continue buying its oil, a senior official said, even as the South Asian nation faces higher US tariffs and harsh criticism from Trump administration officials for the trade. India's imports of Russian crude are likely to stay at current levels, Evgeny Griva, the deputy trade representative of Russia in India, told reporters in New Delhi on Wednesday. The remark ...Read More >
NEW DELHI (Reuters) -U.S. President Donald Trump last Wednesday announced 25% tariffs on Indian imports from August 7 and threatened more penalties over New Delhi's purchases of Russian oil. Below is a timeline of how India, once seen as the frontrunner for a U.S. deal, ended up facing steep tariffs after Trump escalated tensions, and called it a "dead economy." February Modi visits Washington * Indian Prime Minister Narendra agrees to work toward a limited trade deal by fall 2025 with the Un ...Read More >
Indian negotiators had not expected to conclude a meaningful deal in time to meet Mr. Trump's revised deadline of Aug. 1. But they did expect to be treated as well as their neighbors, and to keep haggling with American officials until October or November, when Mr. Trump was invited to visit India as part of the Quad defense group, which brings together four big democracies -- India, the United States, Japan and Australia -- with a shared interest in standing up to China. Instead, they were fed ...Read More >
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