National Fisheries Policy to improve income of fishermen: Giriraj Singh

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The proposed New National Fisheries Policy will focus on bringing new technology and ways to deal with the threat from cyclones as part of the overall objective to improve the income of fishermen,  informed Union Fisheries Minister Giriraj Singh in the Rajya Sabha. The proposed policy will incorporate the provisions of the existing National Policy […]

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UP targets rabi wheat procurement of 5.5 million tonnes at Rs 1,925/quintal MSP

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The Uttar Pradesh government has set an ambitious wheat procurement target of 5.5 million tonnes (MT) for the coming 2020-21 rabi marketing season, reports Business Standard. The state cabinet meeting chaired by chief minister Yogi Adityanath last evening approved the rabi procurement policy under the minimum support price (MSP) of Rs 1,925 per quintal (100 kg) set by the […]

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India’s diamond exports may fall 20% as China battles Coronavirus: GJEPC

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India’s diamond exports may decline by 20 per cent this financial year as global demand weakens because of travel and trade restrictions to prevent the spread of Coronavirus, says Business Standard. Data compiled by the Gems and Jewellery Export Promotion Council (GJEPC) showed cut and polished diamonds worth $16.32 billion were exported between April 2019 and […]

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Gold demand in 2019 nudges lower as price-driven slump in consumer demand outweighs ETF inflows: WGC

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Global gold demand declined to 4355.7  tonnes in 2019, down 1% on 2018, according to the World Gold Council’s latest Gold Demand Trends report. The year 2019 was broadly one of two distinct halves; resilience and growth across most sectors in the first six months contrasted with widespread weakness in the second. Central bank demand […]

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Potato production rises 51% to 52.5 million tonnes in over a decade: Agriculture minister Tomar

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India’s potato production increased 51 per cent to 52.5 million tonnes (MT) in over a decade, Union Agriculture Minister Narendra Singh Tomar said. Its production had stood at 34.7 MT in 2008, the minister added. Tomar pegged the potato output to grow about 3 per cent annually till 2050. Addressing a Global Potato Conclave in […]

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Gold price falls ahead of Fed meeting; trades at Rs 40,509 per 10 grams

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Gold and silver prices were trading lower as Indian rupee opened stronger against the US dollar on Tuesday. Comex gold was unchanged at $1,580 and MCX gold witnessed a minor correction since rupee has strengthened on Tuesday morning.  Traders will further observe the outcome of the US Fed meeting on 28th and 29th January. Meanwhile China’s death […]

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Steel producers in India raise prices by Rs 1,000-1,500 a tonne as demand perks up

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Responding to cost pressure and greater demand, domestic steel producers have raised prices by Rs 1,000-1,500 a tonne across products for January, reports Business Standard. “Iron ore miners have increased prices by Rs 600 per tonne and so this increases the cost of production by Rs 1,000 a tonne. Hence, we have hiked prices from […]

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Cotton prices may fall further on higher output, weak demand: Ind-Ra report

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Cotton prices continued to reduce in August 2019, mainly due to a fall in international prices, rating agency India Ratings and Research (Ind-Ra) said in its latest report, adding that it expects prices to fall further as global production is likely to be higher than demand growth. With local prices (MSP) being higher than international […]

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