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Rajasthan to set up export promotion council soon

The state government has announced to set up Rajasthan Export Promotion Council which would facilitate the local exporters to obtain certificate of origin, registration and membership acknowledgements for which they are now going to Delhi, said state industries minister Rajpal Singh Shekhawat on the side-lines of the first MSME day being celebrated in the state. […]

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India’s cotton regions forecast to get much needed rain

Key cotton producing regions in central India are set for a recovery in rainfall levels, the country’s weather office chief told Reuters on Tuesday, easing concerns for farmers who are betting on the fibre amid rising demand. Overall rainfall in the country since June 1 is 6 percent below the long-term average, according to data […]

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After Middle-East, Bengal to export vegetables to Europe and USA

After success with export to the Middle East, the Bengal Government has now decided to move ahead and expand the market for its vegetables, to include Europe and USA. The Food Processing and Horticulture Department had started exporting vegetables to the Middle East, which includes the Gulf countries, in August 2016. There has been a […]

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Foodgrain output will top last year’s record kharif production

The total food crops output during the current kharif season will exceed last season’s record production, the government said here on Tuesday. The cumulative output of foodgrains and oilseeds during kharif 2017 is projected to be 162.40 million tonnes (mt), against 160.92 mt in the previous season, the government told a national conference on agriculture […]

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Exporters may seek exemption on tax payment

Exporters plan to seek outright exemption on payment of goods and services tax, citing a crunch in working capital due to the uncertainty in the time taken to get refunds for unutilised input tax credit. Exporters, heads of export promotion councils and senior officials from the commerce ministry plan to submit a petition seeking the […]

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Spices Board organises buyer-seller meet

The Spices Board is playing a critical role in promoting spices production and exports from the country, especially Andhra Pradesh, and farmers and exporters in the State should make use of the facilities provided by the board and boost production and exports, according to the State Agriculture Minister, S Chandra Mohan Reddy. He was speaking […]

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As Bangla imports surge, rice becomes costly

Panic over potential foodgrain shortfall and opportunistic trading in Bangladesh have sent the price of rice soaring on both sides of the border. Over the last three weeks, the price of common rice varieties in West Bengal increased by 10-20 per cent at the miller’s end. The price of Swarna has gone up from Rs.22 […]

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GST committee on exports to meet today

Hasmukh Adhia, Revenue Secretary Kamal Narang New Delhi, September 18:   The committee led by Revenue Secretary Hasmukh Adhia to look into difficulties faced by exporters under the Goods and Services Tax will hold its first meeting on Tuesday. “The committee will review the various issues and work out any immediate measures that may be […]

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UM Lohia sees India as export hub for big bikes

UM Lohia Two Wheelers, a joint venture between US-based UM Motorcycles and Indian electric two-wheeler company Lohia Auto Industries, is planning an aggressive expansion in India and overseas. It will make India an export hub for large bikes and ship India-built vehicles to Europe from next year. It sees favourable growth outlook for 300cc bikes […]

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India likely to be 3rd largest economy by 2028: HSBC report

 India is likely to overtake Japan and Germany to become the third largest economy in the next 10 years but needs to be consistent in reforms and focus more on the social sector, British brokerage HSBC has said. Social capital is insufficient in the country and spending on aspects like health and education is not […]

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