The prices of various basmati paddy varieties are currently experiencing an upswing compared to last year, thanks to the Centre government’s recent decision to reduce the minimum export price (MEP) of basmati rice to USD 950 per tonne. This move has significantly bolstered the export prospects for aromatic rice. In the Karnal mandi, located in […]
Measures such as restrictions on certain imports, the implementation of a production-linked incentive scheme and the enforcement of mandatory quality norms are proving effective in reducing the influx of non-essential products like TVs, tires, wallpaper, and AC gas compressors into the country, news agency PTI reported. These strategic steps, including antidumping and countervailing duties, aim […]
In a bid to alleviate the impact of escalating onion prices on consumers, the Central government announced on Saturday that Mother Dairy’s Safal outlets will sell buffer onions at a subsidized rate of Rs 25 per kg in Delhi-NCR starting this weekend. Simultaneously, the Hyderabad Agricultural Cooperatives Association will undertake similar initiatives in Telangana and […]
The talks between India and Canada for a free trade agreement are on a pause as the latter stopped discussions due to some misconceptions, Union Minister Piyush Goyal said in one of the leadership summits organised by a leading media company. “There are some misconceptions among some Canadian politicians, which are baseless,” said Goyal at […]
The central government has extended the date of inviting fresh applications under the production-linked incentive (PLI) scheme for textiles up to December 2023. In view of the requests from the industry stakeholders, the Ministry of Textiles had earlier decided to re-open the PLI portal till August 31, 2023, to invite fresh applications from interested companies […]
The Centre government has decided not to sell its significant shares in ITC. ITC is India’s top firm with ventures ranging from cigarettes to hotels. As per reports in the media, the government’s shares are protected by the Specified Undertaking of the Unit Trust of India (SUUTI). Currently, SUUTI holds a 7.87 per cent equity in ITC, […]
Goods and Services Tax (GST) collections for October stood at Rs 1.72 lakh crore, which is the second highest ever, according to an official statement issued by the Finance Ministry on Wednesday. “The gross GST revenue collected in the month of October 2023 is Rs 1,72,003 crore, out of which Rs 30,062 crore is CGST, […]
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 […]
