By Biman Mukherji Indian gold demand have started to sag following a recent run up in prices to record highs, exacerbated by the recent budgetary hike in import duty to 12.5% from 10%, dealers said. Prices of gold in key markets are currently quoting at a 1.5% discount to the landed price because of “slow […]
Announcing the union budget 2019-20, India’s Finance Minister Nirmala Sitharaman said India needs to make structural reforms to create a $5 trillion economy in the next few years. Presenting the first Budget of the second term of Prime Minister Narendra Modi’s government, she said the Indian economy that stood at $1.85 trillion five years back […]
By Biman Mukherjee Delayed monsoon rains that have worsened fears of rural distress in India and upcoming elections in key states might tempt the government to offer many welfare programs for farmers in the upcoming national budget on Friday. But their cause will be better served by strengthening a creaking agriculture supply chain, say experts. […]
With the progress of monsoon still remaining sluggish, 84 per cent of the meteorological subdivisions have recorded deficient rainfall, MeT department data shows. According to the Central Water Commission data, of the 91 major reservoirs in the country, 80 per cent have storage below normal. Of these, 11 have zero per cent storage, making the […]
Global demand for natural gas is set to keep growing over the next five years, driven by strong consumption in fast-growing Asian economies and supported by the continued development of the international gas trade, the International Energy Agency (IEA) said. Demand for natural gas grew 4.6% in 2018, its fastest annual pace since 2010, according […]
It would seem that even the gods are conspiring against the poor Indian farmer. If one year of scanty monsoon was not bad enough already, a delay in the arrival of the seasonal rains this year is going to hit them harder. Typically, the monsoon rains set in over southern India by end-May, but it […]
Few things would have probably given Prime Minister Narendra Modi as many sleepless nights prior to elections as how to please farmers, who say the demonetisation program has hurt their incomes. As he prepares to start a new five-year term after his party’s stunning election victory, he still has a tall unfinished agenda on that […]
Global demand for gold grew to 1,053.3 tonnes in Q1, up 7 per cent year-on-year, according to the latest report by the World Gold Council (WGC). A big reason for the stronger demand is central banks, which continued to buy gold for diversification and liquidity purposes. Another is improvement in the India market. Central banks around the […]
Crude oil prices are expected to average $66 a barrel in 2019 and $65 a barrel in 2020, a downward revision from the October forecast due to the weaker-than-expected global growth outlook and greater-than-anticipated U.S. production, the World Bank said. Metal prices are expected to continue a recovery in 2019 that follows a sharp drop […]
The government of India has estimated the country’s wheat production at 25.16 million tonnes in the 2018-19 Rabi crop sowing season. The estimate came in a meeting of the Federal Committee on Agriculture (FCA). The FCA, which was tasked with overseeing strategic measures to ensure food security in the country, reviewed harvests of Rabi crops […]
