Over the past few days, India imposed a minimum price on shipments of basmati rice and put an export tax on the parboiled variety. The government of Prime Minister Narendra Modi has stepped up measures to tackle rising food prices ahead of an election early next year.
India, the world’s top rice shipper, now has restrictions on every grain
The official said although there are 6-7 MMLPs proposed across the country to improve logistics infrastructure, none of them is in the port area. This makes the Kolkata project more attractive, as it is just 2km from the dock, the official said.
India’s thriving economy has also attracted $46 billion in FDI during FY2023, registering a remarkable growth of 89% since FY2014. This warrants scrutiny of the jurisdictions contributing to this inflow. Notably, Singapore emerged as the leading source of FDI to India, contributing 37% ($17.2 billion) of the basket. The small island nation of Mauritius had […]
India, US must map out economies, form supply chains in complementary ways: Katherine Tai
3 years ago
”So at this point, our trade relationship within the context of the larger relationship, is mirroring the dynamism and the upward trajectory that I see just over the course of a couple of days visiting Jaipur and Delhi (for G20). It is an incredible sense of optimism and forward-looking vantage point. We are challenging ourselves […]
The commerce and industry ministry said on Sunday that it directed trade promotion body Agricultural and Processed Food Products Export Development Authority (Apeda) not to register contracts below $1,200 per tonne. Existing contracts below $1,200 per tonne have been kept in abeyance.
Indian and UK officials will continue their negotiations till the month-end to iron out differences on the proposed free trade agreement (FTA), the commerce ministry said on Sunday. This meeting will be followed by a review at the higher level, it said.
In a message on social media network X (formerly called Twitter), Piyush Goyal said he held a bilateral meeting with the US counterpart Tai. “Discussed key bilateral issues of mutual interest and explored ways to give further impetus to the growing India-US partnership through enhanced trade and investments,” he said.
India and the European Union have made good progress in the ongoing three negotiations- India-EU Free Trade Agreement; a standalone Investment Protection Agreement; and a Geographical Indications Agreement, the government said Saturday. The commerce and industry ministry said in a statement that the two sides discussed their market access issues and review the progress made […]
Commerce and Industry Minister Piyush Goyal and US Trade Representative Katherine Tai have discussed ways to enhance trade and investments between India and the US. They are working towards resolving their last trade dispute related to poultry in the World Trade Organisation and exploring opportunities for companies from both countries to participate in each others’ […]
Kazakhstan has ranked 25th in the World Bank’s Ease of Doing Business Report. The country aims to enter the top 10 countries within 5 years. Kazakhstan is India’s main trading partner in Central Asia, with bilateral turnover exceeding that of all other countries in the region. Kazakhstan offers over 200 project packages in various sectors, […]