Monthly Archives: July 2018

US wants to reduce trade deficit with India soon, says official

The US wants to reduce its trade deficit with India as quickly as possible, a senior official told lawmakers here, asserting that the Trump administration is aggressively pushing New Delhi on the issues of medical devices, pharmaceuticals, dairy products and agriculture. The President wants fair and reciprocal trade…when we look at India, there are three sectors where, I think, we can get a significant boost in our trade, Alice G Wells, Principal Deputy Assistant Secretary of State for South and Central Asia, told lawmakers during a Congressional hearing yesterday. When […]

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Mango exports break all record this year 2018

The country has exported around 1,190 tonne of mangoes to the United States of America (USA) this season — an all time high. The Countrys mango  export to the US recorded a rise of 11% as compared to the last year’s figure of 1,072 tonne. However, the exporters had projected around 30% rise in figures, but the recent farmers’ strike affected the supply of mangoes drastically. Source: Times of india

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Government to offer incentive on exports of milk products

The government is considering incentivising exports of milk products, adding milk to mid-day meal rations as well as reducing GST and increasing import duty on certain products as it seeks ways to ensure better returns for dairy farmers. On Tuesday, the Centre convened a high-level inter-ministerial meeting under transport minister Nitin Gadkari to discuss these measures, even as a strike by dairy farmers in Maharashtra continued for the second day. Railway minister Piyush Goyal, who also holds the finance and coal portfolios, Amul managing director RS Sodhi, Maharashtra State Commission […]

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