India’s Farm Sector Outshines Overall Exports in 2024-25
India’s agricultural sector remains a bright spot in the country’s trade story. Even as overall merchandise exports barely moved in 2024-25, farm produce shipments grew 6.4% to touch $51.9 billion, up from $48.8 billion the previous year. Imports, however, have also risen — leaving a smaller surplus than a decade ago. Union Commerce Minister Piyush […]
Centre Slashes Customs Duty on Crude Edible Oils to Cool Soaring Prices
In a major move to provide relief to households ahead of the upcoming festival season, the Central Government has slashed the Basic Customs Duty (BCD) on crude edible oils like crude sunflower, soybean, and palm oils from 20% to 10%. This change narrows the import duty gap between crude and refined edible oils from 8.75% […]