COMMENTARY – Higher sugar MSP positive, but domestic surplus situation overhung

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Authors: Ms. Khushbu Lakhotia, Senior Analyst, Corporate Ratings, India Ratings and Research (Fitch Group) & Mr. Jinesh Rajpara, Analyst, India Ratings and Research (Fitch Group)  The recent hike by Rs. 2 per kilogram (kg) in the minimum selling price (MSP) of sugar to Rs.31 per kg could generate an additional income of Rs.30-35 billion for […]

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COMMENTARY – Global economic turmoil playing havoc with precious metals

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­­­The turbulence in global economic dynamics is playing havoc with precious metals, with gold continuing to be under pressure with prices once again falling below the psychological $1,200 an ounce and silver all but collapsing, touching $14 an ounce. A firmer US dollar, higher US bond yields and importantly a rising US stock market is […]

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COMMENTARY – Kerala floods to hit India’s coffee, spices and rubber output hard

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The devastating floods in Kerala have brought the state’s economy to a standstill, with tens of thousands of farmers clueless about their future, as rainwaters have destroyed yearlong plantations, hitting coffee, spices and rubber. “Preliminary findings show that nearly 1,82,000 farmers are directly affected, and nearly 28,150 hectares of farm land are submerged in flood […]

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COMMENTARY – The paradox of India’s infrastructure

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Is a lack of physical infrastructure holding India back? Yes – and no. While the physical amount of key elements of infrastructure in India benchmark well internationally, the on-the-ground perception for many is that its infrastructure is vastly deficient. To see if this paradox could be resolved, we studied both the quantity of infrastructure in […]

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