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New Export Policy for Agro & Other Such Products on Cards: Commerce Secretary

The Union Commerce Secretary Ms. Rita Teaotia informed that the government is coming out with an export policy for agro and other such products and asked all the state governments to send their inputs to the Centre as the draft export policy has been put in public domain already. The Commerce Secretary also asked the […]

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Open data ecosystem has the power to double farmers income by 2022.

An open data ecosystem will impact India’s GDP by $22 billion, or the equivalent of two times the amount raised through the sale of 4G spectrum in 2017, according to a study by Yes Bank along with the Ministry of Electronics and Information Technology (MeitY). The study, titled ‘Open Government, Open Data – Re-imagining India,’ […]

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India’s GDP growth in Q4 of FY18 seen at 7.4%: Icra

Rating agency IcraNSE -0.61 % expects GDP growth in January-March 2017-18 at 7.4 per cent on account of good rabi crop harvest and improved corporate earnings, up from 7.2 per cent in the third quarter. The Central Statistics Office (CSO) is scheduled to come out with GDP estimate for the fourth quarter (Q4) of fiscal […]

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Agro exports, line of credit to strengthen India-Egypt economic ties: Envoy

  Pointing out that trade exchanges between India and Egypt have picked up pace in the last one year, outgoing Indian Ambassador to the Arab nation Sanjay Bhattacharya on Monday said the growth in agro-exports from India to Egypt and its acceptance of India’s line of credit facility can further boost bilateral economic ties. The […]

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India to achieve 9 per cent growth rate by 2022

NITI Aayog vice-chairman Rajiv Kumar today exuded confidence that Indian economy will achieve 9 per cent growth rate on sustained basis by 2022 on the back of reforms like GST, demonetisation and the Insolvency and Bankruptcy Code (IBC). Indian economy grew by 6.6 per cent in 2017-18 and expected to grow at 7.5 per cent […]

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Boosting exports: Beyond formalisation – reforming MSME financing

My recent columns have been about India’s Coastal Economic Zone (CEZ) policy, including comparisons with, and possible lessons from China. If we step back and consider India’s recent export performance, the need for, and limits of, CEZ policy become even clearer. Recent news reports highlight the country’s sluggish export performance in recent years. The problems […]

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Centre allows export of pulses, imposes QR on import of some varieties to help farmers

 The Centre on Wednesday allowed export of pulses and levied import duty and quantitative restriction (QRs) on some variety of pulses to support domestic farmers and reduce dependency on imported agriculture items, particularly pulses and edible oils. The trade policy measures include 60 per cent import duty on chickpeas, 50 per cent on yellow peas […]

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Feeding the Dragon: Prospects brighten for non-basmati rice exports

In a step towards facilitating exports of rice to China, the Union government has asked the millers to get registered with the Directorate of Plant Protection, Quarantine and Storage (DPPQ&S) under the Agriculture Ministry, so that the registered mills could be approved by the Chinese authorities for exports of the cereal. India, the largest rice […]

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Foodgrain output at record 279.5 mt in 2017-18

A good monsoon in the previous year — the second one in row — will help the country to a record foodgrain harvest of over 279.5 million tonnes (mt) in 2017-18, which was nearly 5 mt or 1.6 per cent more than the previous year, according to the third advance estimates of food and commercial […]

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Vegetable oil imports touch 13.86 lakh tonnes in April

The Solvent Extractors’ Association of India (SEA) data has revealed that import of vegetable oils during April 2018 stood at 1,386,466 tonnes compared with 1,339,489 tonnes in the same month last year, showing a growth of 3.5 per cent. A compilation of import data of edible oils showed a sustained increase in the import of […]

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