India exported 45,000+ tonnes of onions post-ban lift, easing farmer woes. Nidhi Khare, Secretary, noted major exports to Middle East, Bangladesh. Govt has set minimum export price for onion. Monsoon forecast ensures good kharif crop sowing, buffer stock building.
India exports over 45,000 tonnes onion after lifting ban
Maldives’ Economic Development Minister Mohamed Saeed said he met with the Indian High Commissioner Munu Mahawar two weeks ago, who in turn, said that New Delhi would support and cooperate in arranging for the settlement of import payments in Indian Rupee.
Priya Guha, the new chair of FICCI UK Council, and Baroness Usha Prashar discuss the India-UK Free Trade Agreement, emphasizing research, innovation, and cultural ties for a stronger bilateral partnership.
India has urged state-run oil refiners and Reliance Industries Ltd. to negotiate a long-term supply deal with Russia to shield the economy from volatile prices. While the government wants collaboration, Reliance’s reluctance to share sensitive information poses a challenge. India seeks discounted oil amid tighter US sanctions.
India’s Russian oil imports surged to a nine-month peak in April as shipments resumed on non-sanctioned tankers, largely operated by Sovcomflot. Indian refiners imported nearly 1.8 million barrels per day of Russian oil, expanding Russia’s share to 38%. The rise affected overall purchases from Iraq and Saudi Arabia, reducing Middle Eastern oil imports.
India has reinforced restrictions on specific electronics and IT goods imports, according to a recent Commerce Ministry notification dated May 20. The order, active since 2021, prohibits unregistered and non-compliant products. Measures include random sampling and testing of LED products. The government will allow imports meeting safety standards, while non-compliant goods face re-exportation or destruction.
Govt comes out with detailed guidelines to prevent EtO contamination in spices exports: Official
2 years ago
The steps assume significance amid reports on the recall of two Indian spice brands’ — MDH and Everest — products in Singapore and Hong Kong due to the presence of EtO residue in certain spices. “Mandatory pre-shipment sampling and testing for EtO for Singapore and Hong Kong has been started; and guidelines have been put […]
India is set to negotiate a free trade agreement with Russia-led Eurasian Economic Union (EAEU), providing it with access to markets in five resource-rich post-Soviet states. The agreement will benefit Indian exporters in sectors like engineering goods, electronics, and agriculture. The agreement will also benefit India’s management of the Chabahar Port in Iran, providing a […]
India has reached out to the European Union for details regarding its forthcoming regulation, which aims to evaluate exporting nations as either low or high risk based on deforestation levels. The EU’s proposed deforestation-free product regulation carries significant implications for India’s exports of coffee, cocoa, soybeans, wood products, rubber and derivatives, as well as leather […]
The government recovered Rs 852 crore under the amnesty scheme for exporters for one-time settlement of default in export obligation. The scheme, part of the new foreign trade policy, aims to settle default in export obligation by holders of advance and EPCG authorisations. Small exporters in Ludhiana have urged an extension of the scheme.