The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank’s chief economist Carmen Reinhart said. “There will probably be a quick rebound as all the restriction measures linked to lockdowns are lifted, but a full recovery will take as much as five years,” […]
It may well be called a problem of plenty! Sugar output in India, the world’s second-largest producer after Brazil, is expected to increase by 17.69 per cent to 32.01 million tonnes during the season beginning October 2020 on likely higher availability of sugarcane for crushing. However, the positive development has failed to amuse private sugar […]
Good monsoon, larger sowing area, bumper crops. As on 30 July, 2020, actual rainfall received in the country is 447.1 mm against normal of 443.3 mm, a 1 per cent rise in two months of this year against the same period last year. As per a report from the Central Water Commission (CWC), the live […]
The normal onset and steady progress of monsoon have increased the sowing area under kharif crops to more than double the level a year ago until June 26, improving chances of another year of record grains production. The area under all kharif crops was at 315.6 lakh hectare as on June 26, nearly 30 per […]
A five-member panel has opposed the proposal of separating Central Mines Planning and Design Institute Ltd (CMPDIL) from Coal India, saying that the move could not be helpful for the miner which is pursuing a target of producing one billion tonne of the dry fuel by 2023-24. The committee was formed by Voal India Limited […]
In a meeting held last Friday, the 15th Finance Commission headed by Chairman, N K Singh, highlighted that India’s agricultural exports have been volatile for the last 10 years, but have flattened more recently. The commission attributed the effect of falling global prices and repeated drought during 2014, 2015 and 2016 behind the 10 per […]
Amid sluggish market scenario across the world due to the COVID-19 crisis, the Rourkela Steel Plant, a unit of state-run SAIL (Steel Authority of India Limited), has bagged an order of over 6,000 tonne of special grade plates for supplying to the European market. The facility will be exporting CE-marked plates conforming to the European standards, […]
Chief Minister of Chhattisgarh Bhupesh Baghel has agreed to the forest department’s proposal to declare ‘lac cultivation’ as an agricultural activity, saying that it would make it a lucrative endeavor for the farmers. Baghel instructed the Agriculture, Forest & Cooperative Departments to present a proposal in the next cabinet meeting to include ‘lac’ as well […]
India’s crude oil processing in April slumped by 28.8 per cent from a year earlier, its biggest drop since at least 2003, as a nationwide lockdown weighed on fuel demand and forced refiners to cut production. Refiners processed about 14.75 million tonnes or 3.60 million barrels per day (bpd) of oil last month, government data showed. The […]
Indian solar power continues to draw foreign capital as plunging tariffs offer ample opportunities to invest in clean, zero-emissions energy sources. A study jointly commissioned by US-based think tank Institute for Energy Economics & Financial Analysis (IEEFA) and JMK Research & Analytics shows that the current solar tariffs hovering at Rs 2.50-2.87 per unit is 20-30 per cent cheaper than the cost of […]
