China-US trade war: Opportunity for Indian soya bean, oilmeal exports

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China-US trade war: Opportunity for Indian soya bean, oilmeal exports

India could export soya bean, groundnut and oilmeals to China if the US-China trade war persists. With Beijing raising duties on American oilmeals, Delhi is hopeful of using this price advantage to its favour, officials said. If this situation persists for a few days, this tariff imposition will give us a window of opportunity to […]

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GoM for no sugar cess, GST cut on ethanol; 1% farm impost likely on luxury items

A group of state finance ministers (GoM) on Wednesday decided against imposing a tax-system-distorting ‘sugar cess’ to raise resources for supporting cane farmers. Instead, the panel favoured a cut in the GST on ethanol from 18% to 12% and exploring the legality of a 1% ‘agriculture cess’ on luxury items as alternative ways for lending […]

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India asks Uzbekistan to import sugar, other farm products

Union Minister Radha Mohan Singh today asked Uzbekistan to consider importing sugar and other farm items such as wheat, muslin, potato and mangoes from India. Currently, India imports green gram (moong), natural gum, walnut, chickpeas, and juices from Uzbekistan. Imports of farm products was among other issues discussed by Agriculture Minister Radha Mohan Singh in […]

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Experts urge Campco to explore potential of jackfruit market

Experts from different sectors have urged the Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd to leverage its infrastructure and network to explore the potential of jackfruit in the country. Speaking at the ‘formation day’ celebrations of Campco in Mangaluru on Wednesday, Shree Padre, a progressive farmer who has been creating awareness on […]

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Government to pursue states to move to zero-budget natural farming

In yet another effort to double farmers’ income by 2022, the government will now pursue states to move on to zerobudget natural farming that aims to bring down the cost of farming, thereby significantly enhancing the profit margins for farmers. The NITI Aayog on Monday held a meeting with top officials of all states to […]

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PM Modi may soon announce these 3 new agri marketing reforms

After the MSP hike last week, the Narendra Modi government is getting set to appease farmers with yet another reform. And this will be via a new procurement policy which attempts to eliminate the middle man, senior officials from farm ministry exclusively told ET NOW. The government may roll out a new mechanism comprising three […]

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Commerce Ministry for bringing export under priority sector lending

Commerce Minister Suresh Prabhu on Saturday said that the Commerce Ministry wants to include export sector under priority sector lending. Speaking at an event organised by Federation of Indian Export Organisations, Suresh Prabhu said the Commerce Ministry pitched for treating exports as a priority sector lending. Holding that global trade is passing through challenging times, […]

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Foodgrain output may surpass last year’s record of 279.51 MT, says Agriculture Secretary Shobhana Pattanayak

India’s foodgrain output could exceed last year’s record of 279.51 million tonne (MT) buoyed by favourable monsoon, higher MSP and likely increase in crop productivity, an official said. Agriculture Secretary Shobhana Pattanayak exuded confidence that sowing, which is lagging behind so far, will pick up in the coming weeks with wide coverage of rainfall in […]

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US-China trade war may reopen oilmeal export window for India

Our Bureau Amid the US-China trade war, the Indian oilmeal sector has spotted an opportunity for the possible resumption of Chinese imports of Indian oilmeals. The Solvent Extractors’ Association of India (SEA) has expressed a hope that China may reconsider the ban on Indian oilmeal imports it had imposed in 2012. Prior to the, China […]

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India’s macro story is quite good: Subhash Chandra Garg, Economic Affairs Secretary

India’s macroeconomic story is quite good, economic affairs secretary Subhash Chandra Garg told Deepshikha Sikarwar and Vinay Pandey in an interview. He added that the risks to the macro story and stability are far more manageable than ever. Edited excerpts: The chief economic adviser has said rupee should be allowed to depreciate. What is your […]

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