Finance commission identifies three reasons for India’s low agri exports despite high farm production

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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 […]

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Rourkela Steel Plant grabs over 6,000-tonne of plates order for the European market during the pandemic crisis

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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, […]

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Chhattisgarh government to grant lac farming the status of agriculture: Bhupesh Baghel

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 […]

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India’s April 2020 crude processing quantity sees biggest drop in nearly two decades

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 […]

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Global capital backs Indian solar power and renewable energy

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 […]

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Vedanta Resources to delist Indian unit

Miner and commodities giant, Vedanta Resources Limited has confirmed that it would take its Indian unit Vedanta Ltd private, as it looks to accelerate simplification of its corporate structure amid the coronavirus crisis. The company said it will delist the unit from all stock exchanges and was willing to accept shares tendered in the offer […]

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