India likely to ban 27 Pesticides; expert committee appointed

About 27 pesticides are likely to be banned by the central government, the union minister for agriculture and farmers’ welfare, Narendra Singh Tomar, announced in Rajya Sabha. The government has already appointed an expert committee in this regard.   At the same time, the Standing Committee on Agriculture has invited public opinion on Pesticide Management Bill 2020 and the bill is under […]

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India’s crude import bill rises by 190% to $25 billion in the first quarter of FY22

The country’s crude oil import bill has increased 190.6% year-on-year to $24.7 billion in Q1FY22 with rising prices of the commodity in the international market and higher procurement volumes with demand for auto fuels increasing. The volume of crude oil imported in the quarter, at 51 million tonne, was 14.7% higher than the same period […]

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India’s coffee exports hit 9-yr low in dollar value during FY20: Drip Capital

India’s coffee exports have seen a steady decline in the last decade amid growing need for value addition across multiple stages of coffee processing globally and rising demand for specialty coffees, according to a report by global trade finance company Drip Capital, quoting data from Directorate General of Foreign Trade (DGFT). India exported nearly USD […]

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India to liberalise Market Development Assistance policy to promote alternative fertilisers

The government is planning to liberalise the Market Development Assistance (MDA) policy to promote the use of alternative fertilizers, Fertiliser Minister Mansukh Mandaviya said. The MDA policy was earlier limited to city compost only. At present, the government gives MDA of Rs 1,500 per tonne in the form of subsidy for scaling up production and […]

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Biden Administration expected to continue expansion of the bilateral ties with India on concerns about China: CRS

The Biden Administration is expected to continue expansion of the bilateral partnership with India and the driving force of the relationship is concern about China’s growing economic and military power in the region, according to a Congressional report. “Many speculate that the Administration would pay more attention to India’s domestic developments, including on human rights, […]

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