The union government’s decision to impose a Minimum Export Price (MEP) of USD 800/ton on Onion with effect from 29 October 2023 till 31 December 2023 recorded a decline of 5 per cent to 9 per cent from the highest price registered during the last week. The weighted average price of Onion in Maharashtra across […]
Buyers have expressed concern over the rising onion prices in several parts of the country and urged the government to take additional steps to bring it down. The price of onion has touched Rs 80 per kg in Mumbai. The government recently imposed Minimum Export Price for onions and procurement of additional 2 lakh tonnes […]
Union Commerce Minister Piyush Goyal on Sunday discussed progress in India-EU Free Trade Agreement negotiations with European Commission’s Executive Vice President Valdis Dombrovskis. “Discussed progress of the India-EU Free Trade Agreement negotiations with my friend @VDombrovskis, Executive Vice President of the European Commission,” the Union Commerce Minister wrote on ‘X’. Piyush Goyal on Saturday participated […]
India’s online gaming industry has received show-cause notices amounting to Rs 1 lakh crore say sources. The notices come even as the Industry has raised concerns on the applicable GST Rates. The government has asserted that a 28 per cent GST rate should have been in place starting from 1 October, as per the law. […]
India is expected to cut the floor price it has set for basmati rice exports, government and industry sources said on Tuesday, after farmers and exporters complained it was damaging trade. The government is likely to bring down the floor price, or minimum export price (MEP) for basmati rice, to USD 950 per metric ton […]
The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry has been actively engaged in identifying key products for the issuance of Quality Control Orders (QCO) in collaboration with the Bureau of Indian Standards (BIS) and industry stakeholders. This extensive effort has resulted in the development of over […]
Union Minister of Textiles, Commerce & Industry, Consumer Affairs and Food & Public Distribution Piyush Goyal lauded industry bodies of the textile sector for their initiative in organising Bharat Tex 2024- the world’s biggest ever textiles event in the world. He was presiding over the curtain raiser event for the show at Vanijya Bhavan, New […]
The North Eastern Region’s largest dairy cooperative, Purabi Dairy, announced on Friday that it would release Rs 147.91 lakh as an additional milk procurement price to the farmers of the state. West Assam Milk Producers’ Co-operative Union Ltd (WAMUL), which operates the Purabi brand, informed that the decision will benefit thousands of dairy farmers as […]
The Indian government has made significant policy decisions aimed at maintaining food price stability and ensuring food security within the nation. These measures have been introduced in response to the evolving global and domestic food market landscape. Sanjeev Chopra, Secretary Department of Food and Public Distribution said, “We have roughly 57 lakh tonnes of stock […]
In a significant development meant to provide relief to consumers and companies, the government has announced a cut in windfall taxes on important petroleum products, including crude oil, aviation turbine fuel (ATF), and diesel. The country’s fiscal policy will alter with the implementation of these tax cuts tomorrow. The windfall tax on petroleum crude would […]
