UN bars Indian rice exporters from WFP

However, it has been shipping rice to friendly and neighbouring nations such as Indonesia, Senegal, Gambia, Nepal, Bhutan, Sri Lanka, Maldives, Malaysia, Indonesia, Vietnam and Iran on a government-to-government basis. This is being facilitated by the National Cooperative Exports Ltd (NCEL), a government export body which was set up under the Multi-State Cooperative Societies (MSCS) […]

India has extended lower import duty on edible oil by a year until March 2025, extending the lower duty structure on crude palm oil, crude sunflower oil, and crude soy oil. The decision was expected to keep prices in check ahead of elections. The government also imposed a 50% duty on exports of molasses, a […]

Exporters said 95% of vessels had rerouted around the Cape of Good Hope on the southern tip of Africa, adding 4,000 to 6,000 nautical miles and 14-20 days to journeys from India since Houthi militants began attacking shipping in November.

Majority of the issues in the proposed FTA between India and the UK are either finalised or at an advanced stage of talks, according to a government official. The 14th round of negotiations is currently underway. Talks are also progressing on the proposed BIT. Meanwhile, the seventh round of talks for the proposed trade deal […]

Nepal and India have agreed to strengthen their economic and commercial ties through bilateral initiatives. The India-Nepal Inter-Governmental Sub-Committee (IGSC) on Trade, Transit, and Cooperation to Combat Unauthorised Trade convened its latest session in Kathmandu. The agenda included discussions on the construction of new Integrated Check Posts and railway links, as well as the review […]

On India usually being apprehensive of allowing other countries in its government procurement, the official said: “Now, we have good manufacturing base and looking at value addition. We can continue with exemptions for micro, small and medium

In August 2023, the government imposed restrictions on certain IT hardware goods and later after domestic and foreign firms flagged their concerns, in October last year, it tweaked curbs on imports of laptops and computers and allowed importers to bring in shipments of these hardwares from overseas on a mere ‘authorisation’ upon detailing quantity and […]

India should keep Washington informed about import policy measures being considered as it would help make those actions more effective, United States Trade Representative (USTR) Katherine Tai said.

The Indian commerce ministry has scheduled a high-level inter-ministerial meeting on January 17 to address trade challenges arising from ongoing issues in the Red Sea. Officials from external affairs, defence, shipping, finance, and commerce ministries will participate. The Bab-el-Mandeb Strait, a crucial shipping route, has faced heightened tensions due to recent attacks by Yemen-based Houthi […]

India had banned wheat exports in May 2022, non-basmati rice exports from July 2023 and extended curbs on sugar exports beyond October 2023, as part of measures to control rising domestic prices.