Export body to share 50% profit with farmers: Amit Shah

​“Currently, NCEL is operating from a temporary office. We are recruiting staff. So far, we (NCEL) have received orders worth Rs 7,000 crore,” he said. Shah, who launched the new logo and website of NCEL, said the cooperative will ensure that benefits of exports reach member farmers of cooperatives and will share with them about […]

Exports to the US have come down to USD 38.28 bn during April-September 2023 from USD 41.49 bn a year ago. Imports also declined to USD 21.39 bn during the first six months of the current fiscal compared to USD 25.79 bn in the same period last year.

​British rice millers such as Tilda and Veetee Rice have thrived for decades by importing low-tariff unmilled brown rice from the likes of India and Pakistan and “polishing” the grains into the white product loved by UK consumers. But with India pressing for tariffs on white rice to be slashed, and little feedback from British […]

The diplomatic tensions between India and Canada have escalated, with Canada removing 41 diplomats and their dependents from India. This move comes after India called for a reduction in the number of Canadian diplomats in the country. The removal of Canadian diplomats dims hopes for a thaw in diplomatic ties between the two nations. While […]

European Union member states are pushing for a free trade agreement with India, but only if it provides real access to India’s markets, according to Spanish Deputy Trade Minister Xiana Mendez. The EU wants greater access to Indian markets for its cars, alcoholic drinks, and agri-food products, while India is seeking easier visa access to […]

India has no plans to impose restrictions on imports or investments from Canada, despite the deteriorating diplomatic relations between the two countries. The tensions arose after Canadian Prime Minister Justin Trudeau linked Indian agents to the shooting of a Sikh separatist leader. However, Indian officials have stated that the political uproar will not affect trade […]

The pact will have 26 chapters. Product-specific rules, value addition, change in the chapter heading, and certification are being discussed in the rules of origin chapter, where an in-principle agreement has been reached.

The Bangalore Chamber of Industry and Commerce (BCIC) has signed a memorandum of understanding (MoU) with The Organization for Small & Medium Enterprises and Regional Innovation, Japan (SMRJ). The MoU aims to support enterprises in India and Japan in expanding their businesses globally, exchanging information on trade and investment policies, and providing opportunities for SMEs […]

The Maharashtra government has decided to ban the export of molasses, a raw material used for manufacturing alcohol, in the upcoming sugarcane crushing season. This move is expected to impact the state’s revenue as well as the production of ethanol, which is essential for the country’s ethanol blending program.

India will allow exports of non-basmati white rice to Nepal, Cameroon, Malaysia, Philippines, Seychelles, Ivory Coast and the Republic of Guinea, a government notification showed on Wednesday.