basmati rice

Morning Digest | Neeraj Chopra wins India’s first gold at World Championships in javelin; Amit Shah urges police to adopt soft stance on tribal, student unrest; and more

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Morning Digest | Neeraj Chopra wins India’s first gold at World Championships in javelin; Amit Shah urges police to adopt soft stance on tribal, student unrest; and more

Gold medalist Neeraj Chopra of Team India celebrates with their gold medal on the podium after the Men’s Javelin Throw Final during day nine of the World Athletics Championships Budapest 2023 at National Athletics Centre on August 27, 2023 in Budapest, Hungary. | Photo Credit: Getty Images Neeraj emerges the king of the javelin Olympic … Read more

Australia’s decision to deny GI tag to Basmati rice could be result of Pakistani lobbying

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Australia’s decision to deny GI tag to Basmati rice could be result of Pakistani lobbying

Australia’s decision to deny geographical indicator (GI) tag for Indian basmati rice after prosecution and hearing before a delegate of the Registrar of Trademarks could be a case of the authority’s ignorance and a result of intense lobbying by Pakistan, said people aware of the matter. Pakistan is looking for a possibility of having a … Read more

Basmati rice sales to cross Rs 50,000 crore this fiscal, says Crisil

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Basmati rice sales to cross Rs 50,000 crore this fiscal, says Crisil

A combination of high realisation and healthy demand will help the basmati rice sector log strong sales growth of over 30% on-year to more than Rs 50,000 crore in fiscal 2023, its highest ever, said Crisil in a media release. It added: “Next fiscal, however, sales will decline by 5-7% as basmati rice realisation is … Read more

Iran protests hit fresh orders for tea, basmati

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Iran protests hit fresh orders for tea, basmati

Iran, the biggest market for Indian basmati rice and premium orthodox tea, has stopped giving fresh orders for these commodities amid anti-government, anti-hijab protests across Iranian cities, slowing down exports from India considerably. Trade insiders said Iranian buyers have stopped giving fresh orders as they are keeping a close watch on the developments in the … Read more

India’s agriculture exports jump to $ 41 billion despite pandemic disruptions

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India’s agriculture exports jump to $ 41 billion despite pandemic disruptions

India’s agriculture exports (including marine and plantation products) have beaten the pandemic registering a growth of 17.34 per cent to $ 41.25 billion in 2020-21, a top commerce ministry official said on Thursday. Speaking to the media, commerce secretary Anup Wadhawan said that excellent growth of Agri exports in FY21 has come after it remained … Read more

Will study retaliatory tariffs proposed by US Trade Representative: Officials

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Will study retaliatory tariffs proposed by US Trade Representative: Officials

The government will examine the United States’ proposed retaliatory tariffs on up to 25% on around 40 Indian products in response to India’s equalisation levy on non-resident ecommerce operators and take measures in line with public and commercial interests, officials have said. The United States Trade Representative (USTR) has proposed to impose retaliatory tariffs on … Read more

GI tag for Basmati rice: It’s Madhya Pradesh vs APEDA over Madras High Court order

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GI tag for Basmati rice: It’s Madhya Pradesh vs APEDA over Madras High Court order

For the layperson who enjoys Basmati rice as part of a traditional Indian meal, this issue may be a little difficult to decode from a legal standpoint. GI tag for Basmati rice: ‘Basmati’ and Madhya Pradesh’s basmati farmers are now in the legal spotlight! On Monday, the Supreme Court has issued a notice on a … Read more

Indian basmati rice and tea exporters to Iran facing uncertainty

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Indian basmati rice and tea exporters to Iran facing uncertainty

Uncertainty looms over export of basmati rice and tea to Iran as the Central Bank of Iran has slowed down allocation of currency against which Iranian traders were buying these commodities from India. Indian basmati rice exporters said they are not entering into new contract with Iranian importers so as to avoid any payment-related problems. … Read more