-The Hindu Cheap imported bags are sold as Indian to government agencies for a higher procurement price. The Union Textiles Ministry has unearthed a major racket in large-scale import of cheap jute bags from Nepal and Bangladesh by Indian manufacturers, many of whom were supplying these to government agencies after putting their own seals. The Jute Packaging Materials (Compulsory Use in Packing Commodities) Act, 1987, mandates that jute bags supplied to government agencies...

-The Times of India NEW DELHI: With the abnormal rise in prices of essential commodities such as onions, potatos, pulses, tomatoes and edible oils becoming a seasonal affair, the government is considering creation of a specialized entity that can help forecast demand and supply of such items. It will monitor the situation both in the domestic and international markets. The issue came up for discussion at the inter-ministerial committee on prices and...

-Business Standard Garment industry apprehends the govt to issue close to 200 new licenecs for import of wearable used clothes Kolkata: Even as premium global fashion brands see India as a potential market, another segment in the Indian retail chain is attracting global attention: The country has emerged as the biggest importer of worn clothing and textiles. UN Comtrade data on global trade of worn clothes and textiles show in 2013, such imports...

-Hindustan Times When Prime Minister Narendra Modi met some prominent billionaires last month, seeking quicker job-creation and investments, many industrialists complained that falling rural demand for goods was rocking their boats too. Incomes of India’s 833 million mostly poor rural population – a huge market for all kinds of goods – are barely rising and it is a cause for worry. Farming contributes just 15% of India’s $2 trillion economy, but half...

-Down to Earth Reasons behind the trend include high inventory levels, lower oil prices and renewed strength of the US dollar The Food Outlook report released on Thursday states that agricultural commodities are going through a period of lower prices and less volatility. After dramatic price rise from 2007 till early 2011, cereal and vegetable oil prices are now steady as well as on the decline, the biannual publication of the Food...