India

India exported non-basmati rice worth $123 million in April-May

Darpan News Desk IANS, 07 Aug, 2024 12:58 PM

New Delhi, Aug 7 (IANS) India exported non-basmati rice worth $ 122.7 million during April-May in the current financial year. The government is closely monitoring the production, availability and export situation to assess suitable policy intervention, as per Minister of State for Commerce and Industry Jitin Prasada's written reply to the Lok Sabha.

The non-basmati rice exports came down to $852.53 million in 2023-24, from $2.2 billion in 2022-23 and $2 billion in 2021-22, according to the data provided by the minister.

He also informed that the export of non-basmati white rice has been banned since July 20, 2023. However, export is allowed on the basis of permission granted by the government to friendly countries to meet their food security needs and based on the request of their government.

India has exported non-basmati rice to Maldives (1,24,218.36 MT), Mauritius (14,000 MT), Malawi (1,000 MT), Zimbabwe (1,000 MT), and Namibia (1,000 MT). MT is metric tonnes during the current financial year so far.

In 2023-24, the country exported rice to 17 countries including Bhutan (79,000 MT), Mauritius (14,000 MT), Singapore (50,000 MT), UAE (75,000 MT), Nepal (95,000 MT), Cameroon (1,90,000 MT), Cote d' Ivore (1,42,000 MT), Guinea (1,42,000 MT), and Malaysia (1,70,000 MT).

The other countries are Philippines (2,95,000 MT), Seychelles (800 MT), Comoros (20,000 MT), Madagascar (50,000 MT), Equatorial Guinea (10,000 MT), Egypt (60,000 MT), Kenya (1,00,000 MT), and Tanzania (30,000 MT).

In reply to another question, Prasada said that the Government has initiated the creation of Trade Connect ePlatform to connect Indian Exporters, MSMEs and Entrepreneurs with various stakeholders including Indian Missions Abroad, Export Promotion Councils, and other Partner Government Agencies.

The platform will provide information on trade events taking place in different parts of the world, benefits available due to India's Free Trade Agreements (FTAs) and other international trade-related information and data, he added.

He highlighted the details of various steps taken by the Ministry to promote Indian exports. These include the interest equalisation scheme on pre- and post-shipment Rupee export credit which has been extended up to 31-08-2024 with an additional allocation of Rs 2,500 crore.

Assistance has also been provided through several schemes to promote exports, namely, Trade Infrastructure for Export Scheme (TIES) and Market Access Initiatives (MAI). Besides, a rebate of State and Central Levies and Taxes Scheme to promote labour-oriented sector export has been put in place since 2019.

Prev Next

MORE India ARTICLES

For 3rd consecutive year, India’s nominal GDP growth will be strongest in Asia

India’s nominal GDP growth will accelerate to 11.6 per cent this year versus 9.2 per cent in 2023, making it the third consecutive year that the country’s nominal GDP growth will be the strongest in Asia, according to a Morgan Stanley report. India’s contribution to Asian and global growth will rise to 30 per cent and 17 per cent, respectively, up from 28 per cent and 16 per cent in 2023. Over the medium term, real GDP growth will average 6.3 per cent until F32.

For 3rd consecutive year, India’s nominal GDP growth will be strongest in Asia

Pran Pratishtha event an election, political function so Cong will skip it: Rahul Gandhi

Congress leader Rahul Gandhi on Tuesday said that the Pran Pratishtha ceremony on January 22 is “an election and political function” and that’s why the Congress has decided to skip the event in Ayodhya. On the third day of his ongoing Bharat Jodo Nyay Yatra (BJNY) which has now reached Nagaland, the Congress leader said that the event in Ayodhya is a political one as it is an RSS-BJP function.

Pran Pratishtha event an election, political function so Cong will skip it: Rahul Gandhi

RBI wants ceiling for state govts’ guarantees to be fixed at 5% of revenue

The RBI has also recommended that state governments may consider charging a minimum guarantee fee for guarantees extended and additional risk premium may be charged based on the risk category and the tenor of the underlying loan. It said that besides, state governments may publish data relating to guarantees, as per the Indian Government Accounting Standard (IGAS).

RBI wants ceiling for state govts’ guarantees to be fixed at 5% of revenue

Parliament security breach case: Court reserves order on Neelam Azad's bail plea, Delhi Police opposes relief

A Delhi court on Tuesday reserved, for January 18, its order on the bail application of Neelam Azad, one of the six accused in the December 13, 2023, Parliament security breach case. As Additional Sessions Judge Hardeep Kaur of Patiala House Courts heard the matter, the Delhi Police opposed Azad’s bail plea, saying that the material and documentary evidence demonstrate her involvement in the offence, making her ineligible for release on bail.

Parliament security breach case: Court reserves order on Neelam Azad's bail plea, Delhi Police opposes relief

Despite 'War Room' Delhi airport chaos continues, over 90 flights delayed

Despite the establishment of 'War Rooms' at six metropolitan airports, chaos at Delhi airport continued for the third day on Tuesday with the departure of over 90 domestic flights either delayed or rescheduled by a few hours. As per sources, the delays were attributed to dense fog in the morning leading to air traffic congestion.

Despite 'War Room' Delhi airport chaos continues, over 90 flights delayed

Tax reforms resulted in record tax collection: PM Modi

Prime Minister Narendra Modi said on Tuesday that reforms brought in the tax system in the country during the last 10 years have resulted in record tax collections. He said that the government simplified the income tax system and introduced a modern system in the form of GST.