Adani’s coal project in Australia may take off as new govt comes to power

A surprise election victory for Australia’s pro-coal ruling Coalition is ratcheting up pressure on the Queensland state government to approve development in one of the biggest untapped reserves of the fossil fuel. Adani Group’s Carmichael coal project is located in Australia’s huge Galilee Basin, which if fully developed, has the potential to more than double […]

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RCEP deal may hurt India’s export competitiveness: Trade Promotion Council

The proposed Regional Comprehensive Economic Partnership (RCEP) agreement may hurt India’s export competitiveness as the trade balance is already skewed, Trade Promotion Council of India (TPCI) said. TPCI said that the proposed RCEP, which is a mega free trade agreement, could lead to flooding of goods in the Indian market from the member countries; and […]

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WTO quarterly trade growth indicator remains at nine-year low

The World Trade Organization’s quarterly outlook indicator showed that global goods trade growth was likely to remain weak, with a reading of 96.3, unchanged from February, the lowest since 2010. “The outlook for trade could worsen further if heightened trade tensions are not resolved or if macroeconomic policy fails to adjust to changing circumstances,” the […]

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INTERVIEW – Gold safest investment in these uncertain times, WGC India chief

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The current state of the global economy made gold a very attractive investment, said Somasundaram PR, managing director of World Gold Council, India, acknowledging that the dark clouds thanks to the on-going US-China trade war, depressed interest rates and uncertainties around oil production and prices made things difficult. “It is well known that during times […]

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INTERVIEW: China may allow access to more Indian commodities in the near term: TPCI chairman

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By Ritwik Sinha Against the backdrop of the bruising US-China trade spat, Indian exporters are hopeful that Beijing will allow direct access to Indian commodities and products soon. China, one of India’s biggest bilateral trade partners,  is currently engaged in a bitter tariff war with the Trump administration, forcing it to redraw its international trade […]

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NMDC to invest $1 billion on infrastructure

India’s National Mineral Development Corporation Limited (NMDC) is in the process of investing about One billion dollars on infrastructure in the next three years to help ramp up iron ore production, a senior official of the public sector undertaking told Hindu Business Line. Amitava Mukherjee, Director (Finance), said that the cost of the upcoming 3-million […]

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