The Indian authorities is contemplating permitting the import of genetically modified (GM) corn (maize) at a decrease import obligation if not at zero obligation to bridge the availability deficit owing to rising consumption within the nation, stated two sources within the know of the event. “There are a couple of points to kind out, together … Read more
The Union Ministry of Well being and Household Welfare has issued a gazette notification enlisting Cochin Worldwide Airport Restricted (CIAL) as a certified airport for import of medicine and cosmetics, by amending the Medication & Cosmetics Act (1940). CIAL, thus turned one of many 11 airports within the nation having fun with this facility. Beforehand, … Read more
Exports of marine merchandise contracted by 8.74 per cent to $7.37 billion throughout 2023-24, as a consequence of demand slowdown, in key markets of the US and Europe, in keeping with the commerce ministry knowledge. Additionally learn:Seafood exporters pin hopes on monsoon for revival of manufacturing, exports in FY25 Indian exporters, nevertheless, expressed confidence that … Read more
The federal government has issued necessary high quality norms for asbestos or fibre cement-based merchandise to curb the import of sub-standard items and increase home manufacturing. A notification ‘Asbestos or Fibre Cement based mostly Merchandise (High quality Management) Order, 2024 ‘ was issued on this regard by the Division for Promotion of Trade and Inside … Read more
India’s Metal Ministry is engaged on strengthening reporting norms for import shipments, and the reporting portal is being ramped up. This comes within the wake of a number of “suspected” situations of misreporting or under-reporting of cargo particulars, an official conscious of the plans advised businessline. Other than engaged on the Inexperienced Metal coverage and … Read more
India’s coal import rose by 13 per cent to 21.64 million tonnes (MT) in February as some patrons took contemporary positions to replenish shares forward of summer season, in response to on-line market mjunction. The nation’s coal import was 19.15 MT within the corresponding month of FY23. “Coal imports in February 2024 had been up … Read more
The G33 group of creating international locations, together with India, has referred to as for an consequence on public stockholding for meals safety functions on the WTO’s thirteenth Ministerial Convention (MC13) based mostly on the joint proposal of about 80 members, together with these from the African Group and the ACP, submitted earlier. Additionally learn: … Read more
A day after the Samyukt Kisan Morcha (SKM) introduced its choice, the joint committee of the SKM (non-political) and the Kisan Mazdoor Sangharsh Committee of Punjab, who’re main the present farmer stir, too have rejected the Centre’s proposal of a five-year assured procurement of 5 crops at MSPs and determined to proceed their march to … Read more
To help manufacturing of pure rubber within the nation, the Indian authorities has elevated the allocation beneath the “sustainable and inclusive improvement of pure rubber sector” scheme by 23 per cent to ₹708.69 crore for the following two monetary years (2024-26), the Commerce Division has stated. There’s, nonetheless, no consideration for any change within the … Read more
With world businesses forecasting over 6 per cent development in world soyabean manufacturing this 12 months, the Indian edible oil business will seemingly have extra choices for imports. Some business leaders really feel that soya oil might compete with sunflower and palm oils for market share. Numerous businesses peg world soyabean crop at 392-398 million … Read more