Govt lifts export ban on de-oiled rice bran

The government lifted the export ban on de-oiled rice bran, effective immediately, following industry requests to support processors and farmers. India also exempted various agricultural exports, including rice and wheat, to friendly neighbor Bhutan from existing restrictions. A one-time exemption permits 100 tonnes of wheat seed export to Indonesia.

India immediately lifted its ban on de-oiled rice bran exports, ending restrictions imposed in July 2023. This move is expected to revive prices, which had halved, and boost production of both de-oiled rice bran for cattle feed and rice bran oil. The resumption will benefit the rice milling industry and help India reduce its significant […]

Russian President Vladimir Putin looks forward to his December visit to India. He directed his government to address the trade imbalance with India. Putin emphasized the special nature of Russia-India relations. He lauded Prime Minister Narendra Modi as a balanced and nationally oriented leader. Russia intends to purchase more agricultural products and medicines from India.

Russian President Vladimir Putin on Thursday criticized U.S. efforts to pressure India and China to cut energy ties with Russia, saying both countries will not allow themselves to be “humiliated.” He warned that higher tariffs on Russia could raise global prices, force the U.S. Federal Reserve to keep interest rates high, and slow down the […]

India and ASEAN trade negotiators will meet in Jakarta from Monday to continue reviewing the Asean-India Trade in Goods Agreement. While progress has been made, the review is not expected to conclude before the 22nd Asean-India Summit on October 27 in Kuala Lumpur.

Russian President Putin criticised U.S. efforts to pressure India and China into reducing energy ties with Russia, warning that higher tariffs could raise global prices, force the U.S. Federal Reserve to keep interest rates high, and slow the U.S. economy. He added that India and China “will not allow themselves to be humiliated.”

GHCL Ltd, India’s second-largest soda ash producer, has sought anti-dumping duties on cheap imports from China and other global exporters, as surging shipments erode local margins. The company faces pressure from China’s massive surplus capacity, despite operating at 98% capacity and eyeing future demand from India’s solar energy sector.

Union Minister Piyush Goyal announced the India-EFTA Trade and Economic Partnership Agreement (TEPA) has come into force, marking a significant milestone in India’s engagement with developed nations. This landmark deal, featuring a robust IP chapter, targets USD 100 billion investment and one million jobs, reflecting India’s growing global confidence and strength.

Commerce and Industry Minister Piyush Goyal said India hopes to soon sign a free trade agreement (FTA) with the European Union (EU) to boost trade and investment. Negotiations resumed in June 2022 after an eight-year gap and aim to conclude by December. The FTA covers 23 areas, including goods, services, investment, intellectual property, and sustainable […]

The trade agreement between India and the four-nation EFTA bloc has come into force, securing a $100 billion investment commitment for India over 15 years. India will phase out customs duties on products like Swiss watches and chocolates over a decade.