The US remained India’s top trading partner for the second consecutive fiscal in 2019-20, which shows increasing economic ties between the two countries. According to the data released by the commerce ministry, in 2019-20, the bilateral trade between the US and India stood at USD 88.75 billion as against USD 87.96 billion in 2018-19. The […]
Retail tomato prices increased to Rs 70 per kg due to tight supply of the key kitchen staple during the lean period, a trade report said. Prices have firmed up Rs 10 per kg on a weekly basis since June 1, not only in the unorganised retail markets, but also at Safal retail vegetable outlets […]
Industry body FICCI said its Economic Outlook Survey has projected the country’s annual median GDP growth for 2020-21 at (-) 4.5 per cent. With the rapid spread of COVID-19 pandemic manifesting into an economic and healthcare crisis globally, the latest forecast marks a sharp downward revision from the growth estimate of 5.5 per cent reported […]
Prices of the dussehri mango, which has earned the Geographical Indication (GI) tag, have hit a five-year peak-season low in the local market of Uttar Pradesh. This is despite the fact that production of the fruit has been limited this year due to bad weather. After effects of the Covid-19 lockdown crisis, lack of overseas […]
The indirect tax board has extended the deadline of re-importing cut and polished diamonds, which have been sent abroad for certification and grading, by three months. This extension will apply to all cut and polished diamonds that should have been re-imported between February one and July 31 this year but these could not be brought […]
With the monsoon in full swing, crop sowing in India is off to a strong start with around 43.3 million hectares already sown, significantly higher than around 23 million hectares sown last year till this week, according to government data. Last week, rainfall picked up and most parts of the country received above average showers […]
India’s exports of shrimps to the US for May 2020 have been lower by 58 per cent year-on-year at 8,600 tonnes, according the latest data of the US agency, National Oceanic and Atmospheric Administration. During May 2019, India had exported 20,391 tonne of shrimps to the US. In April 2020, exports stood at 22,229 tonnes, […]
Kharif crop sowing has got a headstart as India has been receiving healthy monsoon rainfall this year. Last week, rainfall picked up and the country received above average showers for almost an entire week. Overall through July, India has received above average rainfall so far. The rainfall received in July and August is critical to […]
The government’s wheat procurement has touched an all-time record of 38.98 million tonnes so far in 2020-21 marketing year (April-March), with Madhya Pradesh surpassing Punjab as the country’s biggest wheat procuring state. The previous record was 38.18 million tonnes achieved in 2012-13. Wheat procurement stood at 34.77 million tonnes during 2019-20 marketing year. Wheat marketing […]
Cotton sowing has picked up pace across India because of good rainfall, with nearly 92 lakh hectares coming under cultivation so far. Last season, farmers had completed sowing operations on 46 lakh hectares around the same period. Cotton sowing is expected to cross 115-120 lakh hectares for the 2020-21 season, according to industry bodies. This […]
