Opening the coal sector to private and foreign participation, a landmark reform initiated by the Narendra Modi government, marked the end of coal nationalisation and dubious captive mining era. In future, blocks will be awarded without any end-use restrictions. However, this may not trigger a rush for investments in the coal sector, says an article […]
Rapidly rising demand from auto makers pushed the global palladium market last year to its biggest deficit for five years and created the first shortfall of rhodium since 2014, materials maker Johnson Matthey said last week. It predicted deficits in both metals would grow this year despite record high prices. Palladium and rhodium are used […]
A recent Reuters article suggests China’s domination of the base metals market was marching on relentlessly prior to the coronavirus outbreak. The headline, “China’s copper imports and aluminium consumption to drop again in 2020,” suggested otherwise, painting an initial image of a depressed market — but the reality is it is anything but. China’s imports […]
Unseasonal rains in September and October last year that had damaged vineyards in Maharashtra has led to a decline in grape exports this season, as compared to the corresponding period last year. Exporters, however, believe exports will pick up soon and the season’s exports to Europe should be good this year as well. All India […]
Gold prices climbed to their highest level in seven years on Thursday as an uptick in the number of coronavirus cases in South Korea fueled worries over the wider economic impact of the outbreak. Spot gold rose 0.44 per cent to $1,618.38 per ounce by 1:41 p.m. EST (1841 GMT), after hitting its highest level since February 2013 […]
Talking to reporters on a two-day visit to Chhattisgarh, the Minister for Petroleum and Natural Gas, and Steel, Dharmendra Pradhan said LPG prices may come down next month. Replying to a query about the constant rise in LPG prices, Pradhan said, “This is not true that the price (of LPG) is constantly increasing. This month […]
Ahead of US President Donald Trump’s visit to the country, India-US trade talks are becoming tensed as Washington sought access for its dairy industry without addressing New Delhi’s concerns on the issue, almost ruling out any deal during President Trump’s visit. This tense situation is likely to impact major bilateral trades between the two countries. […]
India’s Union Cabinet approved “Pesticides Management Bill (PMB)” which will replace Insecticides Act 1968. The PMB is likely to be introduced in the present session of Parliament for its approval. Mr. Pradip Dave, President of Pesticides Manufacturers & Formulators Association of India (PMFAI) said, “About PMB, there are lot of concerns and confusions prevailing in Pesticide Industry […]
A latest government study has revealed that the use of soil health card has helped growers reduce substantially the cost of production & achieve higher production, thus boosting farm income up to Rs 30,000 / acre, depending on the crop. The study that was conducted by the National Productivity Council (NPC) in 76 districts […]
Indonesia is expected to soon open the doors for Indian sugar, according to traders. Although sugar export has picked up this season, it is still not enough to meet the target set up by the government of India. This has prompted the government to issue new guidelines directing the reallocation of export quotas from mills that haven’t […]
