Singapore in close contact with Indian authorities to seek exemption from non-basmati rice export ban

Singapore is in close contact with Indian authorities to seek exemption from the country’s ban on export of non-basmati rice, the city state’s food agency said on Friday. “Singapore Food Agency (SFA) is working closely with importers to increase the import of different varieties of rice from various sources. Singapore is also in close contact […]

India is planning to establish its own international financing messaging system to assist with the government’s goal of internationalising the Indian currency, according to insiders. An expert committee is exploring options and is aiming to issue findings by August. State Bank of India, Bank of Baroda and Central Bank of India are among the banks […]

India’s Commerce and Industry Minister Piyush Goyal criticised the previous governments for not doing enough stakeholder consultations on free trade agreements, saying the India-ASEAN FTA was “most ill-conceived” and unfairly favoured imports. Goyal also said India opened its markets to Japan and Korea but has not seen an increase in exports to those countries.

India’s decision to ban the export of many varieties of rice has led to fears that food inflation will rise and that countries in the Global South will be most affected due to already high debt levels and inflated food and fuel bills. The ban by the world’s biggest rice exporter has brought chaos to […]

Brussels has insisted that such items should be treated at par with new ones and be eligible for tariff concessions, while New Delhi has concerns it will lead to dumping of e-waste and impact India’s domestic manufacturing.

Commerce and industry minister Piyush Goyal visited the UK on July 10-11 where he discussed with UK’s Secretary of State for Business and Trade, Kemi Badenoch and Minister of State for International Trade, Nigel Huddleston, ways to make progress on the FTA negotiations and wider trade and investment opportunities for the UK and India.

The signatories of the letter include the National Fishworkers Forum, National Platform for Small Scale Fish Workers, All India Fishers and Fisheries Workers’ Federation, All India Union of Forest Working People, Biswajit Dhar, Distinguished Professor, Council for Social Development, Delhi; Bharat Patel, General Secretary, Machimar Adhikar Sangharsh Samiti (MASS), Gujarat; and Kamala Menon from Delhi […]