On an official mission to India, Minister of Agriculture and Livestock, Carlos Fávaro, seeks to strengthen diplomatic relations and enhance ties of friendship between the countries through commercial and cooperation opportunities in the agricultural sector.
Sustainability to enhance agro-commercial opportunities between Brazil and India
India’s edible oil imports in October plummeted to their lowest level in 16 months, primarily due to increased stock levels, which prompted refiners to reduce their purchases of palm oil, soyoil, and sunflower oil. This drop in imports, by the world’s largest vegetable oil buyer, may lead to surplus palm oil stocks in key producer […]
India and Sri Lanka have resumed negotiations for the Economic and Technology Cooperation Agreement (ECTA) after a five-year hiatus. The 12th round of talks took place in Sri Lanka from October 30 to November 1, following 11 rounds held between 2016 and 2018. During this latest round, both sides reviewed progress and resolved nine issues.
The decline in services imports persisted throughout all three months of the September quarter. However, there was a silver lining in the fact that services exports had seen an increase during July and August.
India’s oil imports from Russia fall in October
3 years ago
India’s imports of Russian oil eased in October as global oil prices rose, narrowing the discounts that had made Russian oil attractive. Preliminary data from Kpler and Vortexa showed a 12% and 8% decline in India’s monthly intake of Russian oil in October. Despite this decline, it is expected that India’s oil imports from Russia […]
India has called for the start of formal negotiations by WTO members to reform the dispute settlement body of the World Trade Organisation (WTO). These negotiations are essential as informal deliberations are preventing several nations from participating in the talks. The formal talks aim to arrive at a consensus by the 13th ministerial conference of […]
No stamp duty on SCI unit demerger
3 years ago
Acceding to the Centre’s request, the Maharashtra government has waived off stamp duty pertaining to the demerger of SCILAL, created by hiving off the non-core real estate assets of the Shipping Corporation of India (SCI), the official told ET. The stamp duty, according to industry estimates, could be in excess of ₹250 crore.
Govts need to collaborate to facilitate cross border trade: Piyush Goyal at G7 trade ministers meet
3 years ago
In the Group of Seven (G7) trade ministers’ meeting, Commerce and Industry Minister Piyush Goyal urged the participating countries to collaborate on a regulatory framework to ease the movement of supply chains and facilitate cross-border trade.
India and the UK have assessed the advancements in negotiations for a proposed FTA at the G7 trade ministers meeting in Osaka. Commerce and Industry Minister Piyush Goyal and UK Secretary of State for Business and Trade Kemi Badenoch reviewed the progress, aiming to bridge differences in issues like rules of origin and services. The […]
India produces on average between 25-27 million tonnes of pulses and imports 2-3 million tonnes annually. However, this year, the area sown to pulses during the kharif season has remained slightly lower at 122.57 lakh hectares as of September 22 due to a lack of rains in key producing states.