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The government will not include any retrospective steps in Jan Vishwas 2.0 that can hurt industry, commerce and industry minister Piyush Goyal assured industry Thursday. At an event organised by the Confederation of Indian Industry (CII), he also said that he is inclined to abort the idea of a national single window as it seems that the industry “has no interest” in it and the initiative of a national land bank. Read More

As the US imposes higher tariffs and trade barriers on imports from China, surpluses with the latter could increasingly be diverted to other countries, including India, which already imports heavily from China, ratings agency Crisil said. Stating that the US and China are at the cusp of yet another trade war, it warned that import tariffs and barriers on these goods could hurt India the most. It assumes significance as both India’s imports from and exports to the US doubled over the past decade while in the case of China, imports doubled but exports to the country stagnated. Total merchandise trade with the US touched $120 billion in 2023-24. Trade with China neared at record $118 billion.

Union Minister Piyush Goyal highlighted India’s growing appeal as a global hub for emerging technologies, attributing this success to the transformative initiatives undertaken in recent years. Read More

India’s meat production rose nearly 5 per cent to 10.25 million tonnes in the last fiscal, according to the government data released on Tuesday. ‘The total meat production in the country is estimated as 10.25 million tonnes during 2023-24 and registered a growth of 4.85 per cent over the past 10 years as compared to the estimates of 6.69 million tonnes in 2014-15. Further, the production was increased by 4.95 per cent in 2023-24 over 2022-23,’ an official statement said. Read More

LT Foods, a major player in the basmati and speciality rice segments, has announced its entry into Saudi Arabia’s $2 billion rice market. The company aims to establish a significant presence by investing SAR 185 million (₹415 crore) over the next five years. Read More

India has sought certainty from the European Union that the bloc will not impose new non-tariff barriers in future hurting the country’s interests. India’s insistence on such an assurance comes as the two sides assess the progress of their free trade agreement (FTA) negotiations, which restarted two years ago. Read More

With Hindustan Unilever‘s (HUL) board approving the demerger of its ice-cream business into an independent listed entity, investors in India will get a pure-play MNC ice cream company to invest in. Read More

U.S. President-elect Donald Trump said on Monday that on his first day in office he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China, citing concerns over illegal immigration and the trade of illicit drugs. Read More

The food regulator has notified rules related to omission of Agmark, BIS and ISI certifications on certain food categories under the Food Safety and Standards (Prohibition and Restrictions on Sales) Regulations. Read More

The government announced a national mission to promote natural farming among 10 million farmers across the country with a budget outlay of ₹2,481 crore. The Cabinet decision aims at creating a robust system for sustainable farming. GoI’s share in this will be ₹1,584 crore and states’ ₹897 crore till the 15th Finance Commission (2025-26). Read More