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The government yesterday declared handicrafts as the product of the year 2024 to highlight the role of women in the making of handicrafts, promote exports, and diversify the nation’s export basket, which is currently dominated by the garments sector, according to a notification by the commerce ministry.
High tariffs on the import of raw materials are a major barrier to the diversification of Bangladesh’s export basket, a noted economist said yesterday.
The DRI on Wednesday said that it seized 28 lakh Peacock tail feathers worth around Rs 2.01 crore at Nhava Sheva Port
Get latest articles and stories on India at LatestLY. In an anti-smuggling operation, the Directorate of Revenue Intelligence (DRI) Mumbai Zonal Unit on Wednesday seized approx 28 lakh peacock tail feathers that were being smuggled from India to China, by means of concealment and misdeclaration in an export cargo declared as "Door Mat made up of coir" through Nhava Sheva port. India News | Maharashtra: DRI Seizes 28 Lakh Peacock Tail Feathers at Nhava Sheva Port.
India banned the export of onions effective December 8 to make the essential kitchen staple cheaper for domestic consumers. This has led to a crash in the price from more than ₹40 a kg to around ₹13 currently in the wholesale market of Nashik, India's main onion-growing region. The ban on exports by the second largest onion producer, which used to ship 40,000-50,000 tonnes of the commodity every week, caused a spike in international prices.