India’s economic recovery will be gradual among rising Covid infections – RBI governor

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India’s central bank governor Shaktikanta Das said on Wednesday that the nation’s economy is set for a gradual recovery as efforts to reopen businesses are confronted with rising infections of Covid-19. Addressing a webinar of the Federation of Indian Chambers of Commerce and Industry (FICCI) on the path forward from the pandemic, Das noted that some […]

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Torrential rains likely to trim output of India’s main summer season oilseed soybean

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Heavy monsoon rains have damaged India’s main summer-sown oilseed crop soybean, although the total output will still likely be higher than last year. “We think that the output could be around 105 lakh tons, instead of 115 lakh tons that we were anticipating at the start of the season,” said B.V. Mehta, executive director of […]

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Rural sector leads India’s green shoots of economic recovery – report

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India’s beleaguered economy, led by the rural sector, is seeing green shoots recovery after easing of the covid-induced nationwide lockdown, according to the Confederation of Indian Industry (CII). Unlike previous years when recessions were triggered by the failure of monsoon, the current year stands in complete contrast  when the June-September seasonal rainfall is expected to […]

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Interview – India’s NCML to align with larger food space for quick leap in business

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National Collateral Management Services Ltd. (NCML), India’s largest private firm in post-harvest agri-commodities management business, is now seeking to expand its ambit and partner with food companies in providing them back end management support, its Managing Director and Chief Executive Officer Siraj Chaudhry said. He told indoasiancommodites.com in an interview that the company, with its […]

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World steel output fell 7% year-on-year in June due to pandemic; China up 4.5%, India crashed 26% – worldsteel

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World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.3 million tonnes (Mt) in June 2020, a 7.0% decrease compared to June 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production […]

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Global steel output fell 8.7% year-on-year in May; India tumbled 39%, China up 4.2%

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World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in May 2020, an 8.7% decrease compared to May 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production […]

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Interview – India’s Agribazaar looks to expand quickly as government eases trading norms for farmers

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Agribazaar, India’s leading marketplace for agri-commodities trading, is expecting its gross trading value (GTV) to double this year following big-ticket reforms announced by the government recently giving farmers the option to sell to multiple buyers and not just in designated mandis.  Speaking to indoasiancommodities.com, Amith Agarwal, CEO of the three-year old platform said Agribazaar had […]

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