India, the world’s largest rice exporter, is expected to witness a decline in rice production for the first time in eight years during the 2023-24 crop year. This development comes amidst concerns over below-average rainfall impacting agricultural output. The Indian government, through the Ministry of Agriculture and Farmers Welfare, revealed that rice production is projected […]
India’s basmati rice exports are likely to fall in 2024 after nearing a record high last year, as rival Pakistan is offering the grain at competitive prices amid a rebound in production, industry officials said. India and Pakistan are the leading exporters of the premium long-grain variety of rice, famous for its aroma, to countries […]
India, alongside South Africa, has achieved a major breakthrough in the realm of domestic service regulations within the World Trade Organization (WTO), a development for global trade negotiations. The Ministry of Commerce and Industry stated a pivotal win for multilateralism following successful consultations and deliberations within the WTO framework. By January 2023, a total of […]
Two US Senators, Sherrod Brown and Rick Scott, are advocating for a significant crackdown on the influx of duty-free packages from China into the United States. They have called upon President Joe Biden to take executive action to address what they perceive as an unfair advantage given to Chinese products. In a letter to President […]
India will undertake another survey of family consumption as well as goods and brands at retailers to get a complete picture of domestic spending before adjusting the consumer price index (CPI), the news agency Reuters reported. The government revealed the preliminary findings of the 2022/23 household consumption expenditure survey, the first in more than a […]
Prime Minister Narendra Modi affirmed to transformation of India into a Global Export Hub as he inaugurated the global textile event, Bharat Tex 2024 at Delhi’s Bharat Mandapam on Monday. “We have a firm belief that we will transform India into a ‘Global Export Hub’. In the last decade, we have added another new dimension […]
he Maharashtra FDA’s accusation of McDonald’s using cheese analogues prompted inspections at 25 fast-food chains, including Subway, KFC and Domino’s. Amid the Maharashtra Food and Drug Administration (FDA) accusation of the fast-food chain Mcdonald’s of using cheese analogues instead of real cheese in their offerings, the other fast-food chains offering cheese items on their menus […]
India has extended the timeline for duty-free imports of yellow peas by a month through April, 2024, an official gazette notification said. In early December, the central government allowed duty-free imports of yellow peas until March 2024. It was part of New Delhi’s intervention to cool the prices of the overall pulse basket. Reportedly, the […]
The Maharashtra FDA has pushed down on fast food giant McDonald’s, accusing it of a cheesy fraud involving the use of replacements in burgers and nuggets instead of real cheese. It has suspended the licence of a McDonald’s restaurant in Ahmednagar, forcing the business to remove the term “cheese” from a variety of goods. The […]
Commerce and Industry Minister Piyush Goyal on Wednesday, emphasised India’s commitment to fair and open negotiations in trade and investment agreements, ensuring the interests of the people are safeguarded. Speaking at the CII India-Europe conclave, Goyal mentioned that countries engaging in Free Trade Agreements (FTAs) and investment pacts with India should recognise the substantial market […]
