India’s exports rose to a five-month high of 11 per cent in March on account of higher growth mainly in pharma, chemicals and engineering sectors, marking the outbound shipments at $331 billion for FY 2018-19, official data showed. Merchandise exports in March 2019 stood at $32.55 billion as against $29.32 billion in the same month […]
The World Steel Association (worldsteel) released its April 2019 Short Range Outlook (SRO). Worldsteel forecasts global steel demand will reach 1,735 million tonnes in 2019, an increase of 1.3 per cent over 2018. In 2020, demand is projected to grow by 1.0% to reach 1,752 million tonnes. Commenting on the outlook, Mr Al Remeithi, Chairman […]
Wholesale price-based inflation rose for the second consecutive month to 3.18 per cent in March on costlier food and fuel, latest government data showed. The Wholesale Price Index (WPI) based inflation was at 2.93 per cent in February. It was 2.74 per cent in March 2018. Inflation in food articles hardened with steep rise in […]
Talks about the US and China coming close to reach an agreement on the trade deal have been rife for a while now, even as US officials say that they are “not satisfying as yet” on the current developments. An announcement is expected in the next four to six weeks. As per US officials, China […]
The performance of Indian economy in terms of standard economic parameters like GDP, consumption, investment, per capita income, inflation, current account deficit and fiscal deficit can be termed as reasonably good specifically while comparing with the result sheets of other economies, advanced or developing. There are, however, concerns on the sustainability of these indices in […]
In tune with India’s penchant for yellow metal gold, the country’s bullion reserves at a whopping 607 tonnes is far ahead of Pakistan. Notably, India is the single largest consumer of gold and has the 11th largest gold reserve, with the current holding pegged at 607 tonnes, as per the latest report by the World […]
As many as 70,785 onion growers in Nashik district of Maharashtra have been allocated Rs 53.73 crore as part of the grant given by the Maharashtra government. The state government had extended the subsidy of Rs 200 per quintal for onion farmers who had suffered financial distress due to fall in prices. Farmers who had […]
The government of India has reaped in a bonanza of raising thousands of crores of rupees in liquid float in an added benefit of the gold monetisation scheme, which seeks to check import of the yellow metal into India and help prop up the country’s current account deficit. The state-run trading firm MMTC has auctioned […]
Maharashtra’s grape farmers have had a good export season this year, with more than 1.91 lakh tonnes of grapes being exported this season and a 20 per cent rise in exports reported from the state. Till date, around 7,480 containers from various grape-growing regions in the state have been exported, a total of around 1.910 […]
To get a slice of the 20-million-tonne-plus annual sales of packaged domestic liquefied petroleum gas (LPG), parallel marketers, including Reliance Industries (RIL), Nayara Energy and Total, have asked the government of India to allow them to have a level-playing field with the state-run oil marketing companies (OMCs). The companies recently met petroleum and natural gas […]