By creating a centralised database, the portal eliminates the need for stakeholders to register on multiple State Portals, fostering ease of doing business and transparency in trade practices
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 restriction on onion exports will remain in place until the originally scheduled deadline of 31 March, as the government seeks to maintain prices low and domestic availability high, the news agency PTI reported. On 8 December 2023, the government halted onion exports till 31 March. “Ban on onion exports has not been lifted. It is in force […]
The shares of several edible oil companies such as Adani Wilmar, Patanjali Foods and Kriti Nutrients jumped by up to 7.5 per cent in Friday’s trade, after the Indian government announced that they would allow the import of edible oils at lower tax rates until March 2025. Adani Group’s fast-moving consumer goods (FMCG) firm Adani […]
In a proactive measure to enhance the availability of essential commodities in the open market and mitigate inflationary trends, the Food Corporation of India (FCI) has successfully conducted 25 e-auctions, resulting in the sale of 48.12 Lakh Metric Tons (LMT) of wheat under the Open Market Sale Scheme (Domestic). According to a press release by […]
In an effort to control the increasing retail prices, the Consumer Affairs Department has directed the procurement of tomatoes directly from Andhra Pradesh, Karnataka, and Maharashtra for distribution in high-demand areas, an official release said. As per the official statement, the Department of Consumer Affairs has instructed the National Agricultural Cooperative Marketing Federation (NAFED) and […]
