Govt plans inspections to enforce new edible oil reporting rules

The government is launching inspection drives to ensure compliance with new edible oil regulations, mandating registration and monthly production data submission for manufacturers, processors, and distributors. This move aims to enhance oversight of the sector vital for national food security and enable real-time monitoring for improved policy interventions.

India is actively pursuing a trade deal with the Eurasian Economic Union, aiming to boost its exports to Russia. Bilateral trade has seen a significant rise, with India’s shipments diversifying beyond traditional sectors like machinery and pharmaceuticals to include aluminum and apparel. The nation is also exploring opportunities to export marine and farm goods.

As the rabi sowing season approaches, India is taking decisive steps by expanding its fertilizer imports. Buoyed by a promising monsoon that has enhanced soil moisture levels, expectations are high for a bountiful winter harvest. The imports of urea and di-ammonium phosphate have soared compared to last year, reflecting a strategic move to sidestep last […]

Commerce and Industry Minister Piyush Goyal said the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) has officially come into force. The pact aims to attract $100 billion in investments and generate one million direct jobs in India over the next 15 years.

The European Investment Bank (EIB) expressed strong confidence in India’s growth, highlighting its resilience and opportunities despite geopolitical uncertainties. EIB Vice President Nicola Beer emphasised the need for faster approvals and a level playing field for global investors to boost investment flows, particularly in climate action and urban mobility projects.

India’s central bank is actively working to facilitate rupee settlements with free-trade partners, aiming to boost the local currency. This involves establishing direct rupee rates independent of the US dollar and developing reference rates with several countries. These efforts align with Prime Minister Modi’s goal of increasing the rupee’s international use for trade and capital […]

The European Union Council has announced a new strategy to strengthen political, economic, and security ties with India. The move expands cooperation across trade, technology, defence, sustainable development, and global governance.

Indian exports face challenges from US tariffs. However, India is successfully diversifying its export markets. This strategy is showing positive results, with growth in many countries. While some sectors are impacted, overall export performance remains resilient. India is turning trade barriers into opportunities for long-term gain.

In a significant diplomatic effort, India and Brazil are engaging in negotiations to enhance their trade agreement, aimed at bolstering economic ties with the Mercosur bloc. Following Brazilian Vice President Geraldo Alckmin’s recent visit to India, the countries are eager to expand their trade preferences. The discussions are projected to wrap up in the next […]

India’s exports to the United States have seen a decline. Shipments to other countries are performing strongly, exceeding previous growth. This trend follows a US tariff hike. Global trade growth is also projected to slow. However, India’s current account deficit is expected to remain manageable due to strong services exports and remittances.