Beijing slaps ‘distressing’ duties of up to 212 per cent on Australian wine imports

China’s commerce ministry said that it will impose temporary anti-dumping measures on Australian wine imports from. The duties will range from 107.1 to 212.1 per cent. China is the biggest destination for Australia‘s wine exports, accounting for 39 per cent of total shipments in the first nine months of 2020, according to Wine Australia, an […]

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Indian agrochemicals sector set to grow by 12%-14% this fiscal year – CRISIL

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India’s agrochemicals sector’s revenues are expected to grow by 12%-14% this fiscal year following a sharp uptake from the domestic agriculture sector combined with higher exports, according to CRISIL Ratings. Domestic revenues, which accounts for almost half of the sector’s revenues, will grow at 10-12% this fiscal compared with 6-8% last fiscal year. On the other hand exports, […]

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India allows online bid submission for BPCL buy-out on account of Covid-19

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The government has allowed submission of preliminary bids for acquisition of BPCL electronically through e-mail in view of the restrictions placed due to the COVID-19 pandemic. “The IPs (interested parties), if they so desire, may submit the complete EoI (expression of interest) in electronic form via e-mail with all the requisite documents in pdf format […]

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India’s higher crop acreage to boost fertiliser sales by 10%

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Overall sales in the fertilizer market is set to increase by at least 10% in the upcoming winter season due to great soil condition for crop development and steady prices of the raw materials, said ratings agency, ICRA. “In comparison to previous years, fertilizer sales for the current Rabi season will be higher. The climate and the constant rain have created […]

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NDDB to expand its reach to East and North-Eastern parts of India

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The National Dairy Development Board (NDDB) is expanding its footprint in Eastern and North-Eastern States in the country by taking dairy development activities in some of the most backward areas of these regions together with local partners, it said in a statement. Recently, the Jharkhand government signed a memorandum of understanding (MoU) between NDDB and […]

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Recently-launched IEX records 13.2% growth in electricity sales in September 2020 quarter

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Indian Energy Exchange (IEX) said it has recorded a 13.2 per cent rise in electricity sales to 16,486 million units (MU) in the September quarter, as power demand accelerated and returned to pre-COVID levels. The second quarter witnessed a sharp recovery in industrial activities and electricity consumption, owing to easing of the lockdown restrictions across […]

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