India’s masoor imports to surge as restaurants look for alternatives to replace expensive arhar

As arhar dal prices rule between Rs 150-200/kg, restaurants and canteens have shifted to using masoor dal (red and yellow lentils) to replace arhar partially or fully to prepare dal and sambar. When eating dal or sambar at a restaurant, the chances are high that it is made either fully or partially using masoor dal […]

While the legal scrubbing of the Supply Chain Agreement – which was finalised in May – is on, discussions are moving fast on the clean economy and fair economy pillars, said people aware of the matter. The fourth round of IPEF negotiations took place from July 9-15 in South Korea. India is yet to take […]

The two sides, had last month, agreed to end six disputes at the WTO after a meeting between Prime Minister Narendra Modi and US President Joe Biden.

India and the US have mutually resolved all six trade disputes pending at the World Trade Organisation (WTO), in line with the commitment made by the two countries during the US visit of Prime Minister Narendra Modi last month, an official said. The official said that both countries have informed the WTO’s dispute settlement body […]

Commerce and industry minister Piyush Goyal Monday said that exports of gems and jewellery, textiles and leather goods, which are India’s strength areas, are currently under stress. At an event organised by the Bombay Chamber of Commerce and Industry, he also said that Europe and the US are under stress, commodity prices and demand have […]

In a policy circular, the Directorate General of Foreign Trade (DGFT) said it has received representations from SEZs units highlighting issues being faced by them due to these restrictions. Accordingly, it is “clarified” that imports of these products by SEZ units “are outside the purview” of the July 12 notification, the Directorate General of Foreign […]

The UK will now seek to ratify the agreement, which will include parliamentary scrutiny as the CPTPP member countries complete their legislative processes to admit Britain into the trading bloc – of which India is not a member. “I’m delighted to be here in New Zealand to sign a deal that will be a big […]

While the commerce department has favoured duty concessions under the proposed bilateral free trade pact with the EU, MeitY has opposed any such move citing it to be detrimental to the country’s aim to become a manufacturing hub and production-linked incentive (PLI) schemes rolled out for the tech sector to reduce dependence on China.

With the FTA negotiations gaining momentum, the visit aims to further propel the discussions and pave the way for a comprehensive and mutually beneficial agreement that would drive economic growth and strengthen ties between the two countries.

Finance Minister Nirmala Sitharaman and Canadian Deputy Prime Minister Chrystia Freeland on Sunday discussed the progress being made on ongoing bilateral trade negotiations. The two ministers met on the sidelines of the 3rd Finance Ministers and central bank governors meeting in Gandhinagar, Gujarat.