The Indian government has permitted the export of Kala Namak rice, a premium non-basmati variety from Uttar Pradesh, up to a total quantity of 1,000 metric tonnes. This marks a significant change as exports of this rice were previously prohibited. The certification authority for Kala Namak rice and its quantity will be the Director of […]
Govt allows Kala namak rice export from 6 customs stations
India’s sunflower oil imports surged by 51% in March, hitting the second-highest level on record, driven by lower prices prompting refiners to increase purchases and reduce buying of palm oil. This shift could cap the rally in palm oil futures, while higher sunflower oil imports are expected to reduce Black Sea region inventories.
The company announced that it achieved its highest ever monthly cargo volumes, exceeding 38 MMT in March 2024. Ten of APSEZ ports and terminals handled record cargo volumes- Mundra 180 MMT, Tuna 10 MMT, Hazira 26 MMT, Mormugao 5 MMT, Karaikal 12 MMT, Ennore 13 MMT, Kattupalli 12 MMT, Krishnapatnam 59 MMT, Gangavaram 37 MMT […]
India’s External Affairs Minister, S Jaishankar, has highlighted the government’s concern over the ban on Russian-origin unpolished diamonds by the EU and G7 nations, which could adversely affect the domestic diamond polishing industry, particularly in Surat, Gujarat. Jaishankar emphasized efforts to delay, soften, or prevent the ban altogether, considering it a priority issue.
India investigates ‘Insoluble Sulphur’ dumping from China and Japan, potentially leading to anti-dumping duties. The process aims for fair trade practices under WTO regulations, protecting domestic industries from cheap imports.
India’s imports from China saw a 3% decline in calendar year 2023 compared to 2022, according to the commerce and industry ministry. Meanwhile, exports to both China and the EU increased by 7.1% and 2.1%, respectively, during the same period. This announcement follows a recent report by the United Nations Conference on Trade and Development […]
In March, India’s imports of Russian oil increased by over 7% compared to February, as refiners opted for cheaper options amidst geopolitical tensions. Despite ongoing sanctions, Russia remained India’s top oil supplier, followed by Iraq and Saudi Arabia. India reduced monthly purchases from Saudi Arabia while increasing those from Iraq.
India-Uzbekistan strategic partnership thrives on mutual respect and shared values. The countries collaborate across various sectors like trade, investment, tourism, energy, and culture, contributing to stability and development in Central and South Asia.
In 2022-23, processed food exports from India amounted to $10.6 billion, increasing at 22.4% compound annual growth rate in five years while the overall agricultural and food exports were around $53 billion, growing 6% year-on-year. India aims to increase agricultural exports to $100 billion by 2029-30 from around $53 billion now.
The new rule, Section 43B(h) of the Income Tax Act, introduced in the Finance Act 2023, is designed to make sure small businesses get paid on time. It allows companies to get tax breaks if they pay their small business suppliers within the time limits set by the MSMED (Micro, Small and Medium Enterprises Development) […]