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 […]
Gujarat is poised to witness 40 per cent rise in groundnut production to over 84,000 million tonnes for the summer season of 2019-20 as compared to around 60,000 million tonnes in previous year, says the advanced estimate of state agriculture department. Farmers in Saurashtra and North Gujarat region are heavily banking on groundnut crop due […]
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 […]
Oil futures rose yesterday on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June in a bid to help drain the glut in the global market that has built up as the coronavirus pandemic crushed fuel demand. Brent crude futures advanced 0.7 per cent, or 22 cents, to $29.85, […]
The Maharashtra Sugar Commissionerate has issued notices to 15 sugar factories in the state for their failure to pay the fair and remunerative Price (FRP) payments due to farmers, senior officials of the Commissionerate revealed. The FRP arrears as on date are to the tune of Rs 780 crore. According to the Sugarcane Control Act, […]
