Will only agree India trade deal approach that works for UK, says Rishi Sunak

Ahead of his first visit to India as UK Prime Minister to attend the G20 World Leaders’ Summit in New Delhi later this week, Sunak updated his top team on the ongoing trade talks which have completed 12 rounds of negotiations. The British Indian leader described India as an “indispensable partner” of the UK across […]

This assumes significance as the new Foreign Trade Policy 2023 is also aimed at promoting exports through the e-commerce medium.

India’s edible oil imports in August rose 5% to 1.85 million metric tons, a record high. In July, India imported 1.76 million tons, which was also a record high. India’s average monthly edible oil imports in the 2021/22 marketing year were 1.17 million tons, trade body Solvent Extractors’ Association of India (SEA) said.

Ministry of Mines has issued Quality Control (QC) orders to restrict the sale of poor-quality aluminium, copper, and nickel from December 2023 onwards. The Indian government had proposed Quality Control orders on aluminium, copper, and nickel back in March and draft orders for aluminium alloys and these metals were floated till May-end.

India’s presidency in the G20 is seen as an opportunity for the country to strengthen trade ties and attract investments from member nations, particularly in sectors like infrastructure. Experts believe that the G20 plays a strategic role in global economic growth and prosperity, as its members represent a significant portion of global GDP, trade, and […]

Canada has paused talks with India for a trade agreement ahead of the G20 Summit meeting in New Delhi. The move is aimed at allowing both sides to assess progress and decide when negotiations will resume. The trade agreement, known as the India-Canada Early Progress Trade Agreement (EPTA), covers various areas including goods, services, investment, […]

India’s restrictions on rice exports have caused panic in the global market, with rice prices in Asia nearing a 15-year high. The anxiety over supply is justified as rice is a vital food source for billions of people. The onset of El Niño threatens to further disrupt the market, and if Thailand and Vietnam follow […]

The Indian government has extended its mandate to power plants to import coal until March as the country experienced the driest August in a little over 100 years, pushing electricity demand to a record high. Plants have been asked to import 4% of their supplies through March in a bid to avoid outages.

The commerce ministry has recommended anti-dumping duty of up to $243 per tonne of import of Chinese glass used in home appliances with a view to guard domestic players from cheap inbound shipments from China. Post a probe, DGTR said that the product was exported to India at a price which is below the normal […]

Singapore expressed gratitude towards India for exempting it from the rice ban. The Singapore Embassy in India thanked the Indian government for the “gesture of strong friendship” through a tweet. India recently decided to allow the export of rice to Singapore to meet its food security requirements. The ban on the export of non-basmati white […]