Ban extended
In a surprising turn of events, India has extended its ban on onion exports indefinitely, sending ripples through both domestic and international markets.
In a surprising turn of events, India has extended its ban on onion exports indefinitely, sending ripples through both domestic and international markets.
Main drivers of merchandise export growth in February 2024 include Engineering Goods, Electronic Goods, Organic and Inorganic Chemicals, Drugs and Pharmaceuticals and Petroleum Products, the commerce ministry said.
The country has set a target of defence exports worth Rs 50,000 crore by 2028-29, he added.
As the wheat stocks in government godowns hit a seven-year low, concerns about food security reverberate across the nation. The current inventory of 163.5 lakh tonnes, though above the minimum buffer level, signifies a delicate situation.
Commerce Secretary Sunil Barthwal said that despite a global slowdown, the country is "in the positive zone".
Rare earths, a group of 17 metals integral to the production of magnets in electric vehicles, wind turbines, and electronics, are at the epicentre of a geopolitical battle.
Drugs and pharma exports grew by 29.31 per cent to USD 2.42 billion from USD 1.87 billion in October 2022. Engineering goods exports record a growth of 7.2 pc from USD 7.55 billion in October 2022 to USD 8.09 billion in October 2023.
APEDA has been told that contracts for basmati exports with the value of $1200 per MT only and above should be registered for issue of Registration- cum-Allocation Certificate (RCAC).
The government on Saturday imposed a 40% export duty on onion exports till December 31. The announcement regarding onion exports…
So that the rice prices do not go northwards like tomato, the Government of India banned the export of Non-Basmati…
