The Indian government has extended the free import policy for tur and urad dal until March 2025, aiming to boost domestic supply and maintain stable prices. The pulses will continue to fall under the free category, allowing unrestricted imports. This move aligns with the government’s commitment to supporting the agricultural sector.
No restrictions on tur, urad dal imports till March 2025: Govt
India on the recommendation of the Commerce Ministry has imposed definitive anti-dumping duty on gypsum board and tiles from China for five years. The Finance Ministry imposed definitive anti-dumping duty on certain Chinese industrial laser machines used for cutting, marking or welding last week.
India, Russia discuss ₹-Ruble trade
2 years ago
EAM Jaishankar met Manturov on day two of his five-day visit to Russia on the eve of his meeting with his Russian counterpart Sergey Lavrov. The two ministers held wide-ranging discussions on measures to boost business and trade partnership including increasing Indian investments in Russia to meet growing demands across sectors in the backdrop of […]
Oman ranks as India’s third-largest export market within the Gulf Cooperation Council (GCC) nations. The agreement is anticipated to boost Indian exports further after the implementation of the free trade agreement. Presently, more than 80% of Indian goods face an average 5% import duty upon entering Oman, with few existing trade barriers.
GTRI says 51.5% agri exports from just 5 products makes sector vulnerable to global prices, demand
2 years ago
At present export of non-basmati rice is currently banned from India and India is also fighting at the WTO (World Trade Organisation) to protect subsidies to rice and wheat under a public stock holding programme.
India’s first payment in rupees for oil bought from the UAE marked a step toward making the local currency more global. Officials noted this push but clarified that there are no specific goals. With over 85% oil dependency, India aims to buy affordably, diversify sources and honor global commitments.
“As of Sunday 24 December 2023, we have received confirmation that the previously announced multi-national security initiative Operation Prosperity Guardian (OPG) has now been set up and deployed to allow maritime commerce to pass through the Red Sea / Gulf of Aden and once again return to using the Suez Canal as a gateway between […]
Amid Dhaka’s keenness to join China-led RCEP block, India reassess proposed trade pact with Bangladesh
2 years ago
Bangladesh is in talks with the 15-member RCEP bloc and is likely to take a call about joining it after the elections on January 7. India had pulled out of the RCEP pact in 2019 after negotiating for seven years, citing concerns on trade deficit with China, circumvention of rules of origin, and how the […]
Though India has allayed US concerns that it has no plans to expand the use of import management system for the IT hardware products such as personal computers and laptops beyond the listed products multilaterally, officials said the issue could be discussed bilaterally at the forum. Washington had said that the measure prompts its firms […]
The upcoming India-US Trade Policy Forum (TPF) meeting in January is set to address visa concerns, agricultural trade promotion, and the restoration of benefits under the US Generalized System of Preferences (GSP) program. US Trade Representative Katherine Tai is scheduled to meet with India’s Commerce and Industry Minister Piyush Goyal during the two-day meeting starting […]