A quantity of 521.27 lakh tonne rice has been estimated for procurement during the forthcoming Kharif marketing season 2023-24 as against the previous year’s estimates of 518 lakh tonne, an official release from the ministry said Wednesday. Wherein 496 lakh tonne was actually procured during the 2022-23 season. During 2023-24, the leading States in terms […]
Official data revealed that India experienced an 11 per cent decrease in diesel exports and a 4.5 per cent drop in petrol exports during July. This decline was attributed to the implementation of a windfall profit tax by the government on such sales. According to the Petroleum Planning and Analysis Cell (PPAC) under the Oil […]
The government on Saturday imposed a 40 per cent duty on the export of onions to check price rise and improve supplies in the domestic market till 31 December 2023. Earlier today, the Finance Ministry issued a notification stating that they have imposed a 40 per cent export duty on onions till December 31, 2023. […]
Giving support to the long standing demands of the chilli farmers in the state, the Punjab government has fixed the price of chilli seed at Rs 33,200 per kg. The government has also announced that the farmers can purchase it from multiple seed sellers of the state. According to media reports, before the introduction of […]
The ‘Mega Oil Palm Plantation Drive’, which commenced on July 25, where State governments along with oil palm processing companies participated, concluded on Saturday. The plantation drive was aimed to promote and increase oil palm cultivation. The government believes this will further assist in achieving the target of bringing an additional area of 6.5 lakh […]
India has exported a total of 1,240.6 million dollar Ayush and Herbal products in last two years (2021-2022 to 2022-23), the Central government told the Rajya Sabha on Tuesday. A total of 612.1 million dollar Ayush and Herbal products were exported in 2021-2022 while 628.25 million dollar Ayush and Herbal products were exported in 2022-2023, […]
The Central government is expected to come out with the much-awaited draft of the e-commerce policy. Union Commerce Minister Piyush Goyal on Wednesday held the final round of consultations with industry representatives from Amazon, Flipkart, Tata Digital and more. Consumer Affairs Secretary Rohit Kumar Singh and Secretary, Department for Promotion of Industry and Internal Trade […]
The state governments along with oil palm processing companies have initiated a mega plantation drive to further increase the area under oil palm cultivation in the country. Three major oil palm processing companies- Patanjali Food Pvt. Ltd., Godrej Agrovet, and 3F are actively promoting and participating with the farmers in their respective states for record […]
In line with the decline in international prices and the continuous policy interventions made by the central government, edible oil prices in India have declined considerably. In a written reply in response to a question in the Parliament on Wednesday, Minister of State for the Ministry of Consumer Affairs, Food and Public Distribution Sadhvi Niranjan […]
The technical textile segment in India has in recent years shown robust growth, both internationally and in the domestic market, and the market is likely to double in the next five years, said Rachna Shah, Secretary, Ministry of Textiles. “Within India, the market size is around USD 22 billion, and the goal of the government […]
