India raised the price at which it buys locally produced new-season wheat by Rs 150 or 7 per cent to encourage farmers to expand the growing area as New Delhi tries to increase production. India, the world’s second-biggest wheat producer, sets a price each year to protect domestic farmers from distress sales and stock grain […]
Union Minister Prahlad Patel on Wednesday said that the second edition of the global mega food event, World Food India 2023, will be held from 3-5 November 2023 at Pragati Maidan in Delhi. The event will be inaugurated by Prime Minister Narendra Modi on November 3, and President Droupadi Murmu will present the valedictory address […]
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved an increase in the Minimum Support Prices (MSP) for all mandated Rabi crops for the 2024-25 marketing season. The government through its agencies procures crops from farmers at the support price. The highest increase in MSP has been approved for lentil (masur dal) […]
India has extended the restrictions on the export of sugar beyond October 31, 2023, and until further orders, according to a notification by the Directorate General of Foreign Trade issued on Wednesday. The raw sugar, white sugar, refined sugar, and organic sugar are under export restrictions. The restriction is, however, not applicable to sugar being […]
India will spend nearly Rs 143 lakh crore on infrastructure in seven fiscals through 2030, more than twice the Rs 67 lakh crore spent in the previous seven starting fiscal 2017, Crisil has said. Of the total, Rs 36.6 lakh crore will be green investments, marking a five times rise compared with fiscals 2017-2023. Amish […]
Prime Minister Narendra Modi virtually interacted with CEO of Google and Alphabet Sundar Pichai earlier on Monday. During the interaction, PM Modi and Pichai discussed Google’s plan to participate in expanding the electronics manufacturing ecosystem in India. Prime Minister appreciated Google’s partnership with HP to manufacture Chromebooks in India. Prime Minister acknowledged Google’s 100 languages […]
India is rolling back its earlier plan to impose restrictions on laptop imports, months after abruptly announcing such plans which came under criticism from industry and Washington. “India will not impose restrictions on laptop imports,” Trade Secretary Sunil Barthwal told a press conference on Friday. He said the government “only wants importers to be on […]
The Confederation of All India Traders ( CAIT) on Friday wrote a letter to Union Commerce Minister Piyush Goel expressing deep concern over the inordinate delay in rolling out of ecommerce policy and rules under the Consumer Protection Act. it asserted that the delay has given the blanket opportunity to foreign ecommerce companies Amazon & […]
The Goods and Services Tax (GST) Council last week said that it has decided not to impose a tax on Extra Neutral Alcohol (ENA) at the national level, however, it’s now up to the states whether to tax ENA or not. ENA is an important ingredient used in making alcoholic drinks for human consumption. The […]
Union Minister Piyush Goyal on Thursday asked the industrialists of the country to accelerate production activity and contribute to making India a global hub for manufacturing. “The minister asked the industry to accelerate production activity and contribute to making India a global hub for manufacturing. The Minister emphasized the Government’s steadfast commitment to providing consistent […]
