India-UAE start Rupee-Dirham direct trade: Piyush Goyal

Commerce and industry minister Piyush Goyal said that there is significant traction in the idea to connect India and Europe through the Middle East through the India-Middle East- Europe corridor and that both countries are expanding partnership new areas such as the startup bridge and the Bharat Bazar which DP World is developing in the […]

A key demand of the handset industry from Budget FY25 is zero tariffs on all lines that significantly increase costs, converging them with Vietnam and China to ensure competitiveness, scale and export-led growth.

India discussed early launch of UPI payment system with Sri Lanka and supports its debt restructuring process. In October, Modi announced that the governments of both India and Sri Lanka are working together on fintech sector connectivity by linking the Unified Payments Interface (UPI) and Lanka Pay.

India and the UK launched the talks for an FTA in January 2022 with a view to boost economic ties between the two nations. There are 26 chapters in the agreement, which include goods, services, investments and intellectual property rights.

Indian Oil Corp and Bharat Petroleum Corp are considering lifting an additional 1 million barrels of oil each from Saudi Aramco in February. The move comes after the kingdom cut the official selling price of its key export grade for February to the lowest in 27 months. The Indian Oil Corp is also seeking more […]

India’s total imports and exports between January and November 2023 declined 8% and 5%, respectively, from a year earlier. December data has not been released.

India- famous as a tea producer – is also the world’s eighth-largest coffee grower, mainly churning out the robusta beans used to make instant coffee. It also produces some of the more expensive arabica variety.

Praising India’s diverse food industry and the burgeoning demand for Indian foods globally, the minister emphasised on the need for large-scale food processing, product branding and export focus to provide better value to farmers, generate employment and enhance the country’s earnings.

Commerce Minister Piyush Goyal has confirmed that only a ‘few ticklist issues’ are left needs to be sorted out in the India-UK free-trade agreement (FTA). According to the government, India-UK free trade agreement talks completed 13 rounds of negotiations that took place from 18 September to 15 December. The fourteenth round of negotiations are expected […]

The offtake of rice in September and October 2023 was 2.838 mt and 3.098 mt,respectively, while in September and October 2022, the monthly offtake was 5.848 mt and 5.386 mt , respectively. The offtake of rice in November 2023 was 3.126 mt against 7.083 mt in year-ago month.