NCAER pegs India’s GDP to grow at 6.2% in FY20; RBI cuts repo rate by 35 basis points

After CRISL cutting down India’s GDP growth estimate to 6.9 per cent, India’s GDP growth is likely to be 6.2 per cent during the current fiscal, down from 6.8 per cent in 2018-19, on account of flat growth in agriculture sector, economic think-tank National Council of Applied Economic Research (NCAER) said. The prospects for agricultural […]

Read more

EIA forecasts US coal production to drop 2.7 per cent on year in 2019

The US Energy Information Administration (EIA) forecast coal production totaling 688 million tonnes in 2019, down 2.7 per cent from the year-ago production, the EIA’s Short-Term Energy Outlook reported. August ’s forecast  for 2019 output was up 0.6 per cent from July’s forecast , and the first  increase in four months. The 2020 projection increased, […]

Read more

Café Coffee Day’s promoter, VG Siddhartha was also involved with coal mining in Odisha

The mysterious disappearance of VG Siddhartha, the founder of India’s largest coffee chain Cafe Coffee Day, followed by his suicide is indeed tragic. Indian Express reported that late Cafe Coffee Day founder VG Siddhartha had deep business interests in Odisha that went beyond the popular cafe chain. Along with the CCD outlets at several places […]

Read more

Never-ending trade war sinks commodities into a world of trouble: Bloomberg

periodic-table-of-commodity-returns.jpg

The U.S.-China trade war is sparking so much fear over demand that even those parts of the commodity world that aren’t in the direct firing line are getting burned, says a report by Bloomberg Oil had its biggest sell-off in four years after U.S. President Donald Trump brought an abrupt end to a truce forged […]

Read more

India slaps tariffs on welded stainless steel pipes/tubes from China, Vietnam

India has imposed tariffs on welded stainless steel pipes and tubes from China and Vietnam for five years effective July 31, the Ministry of Commerce and Industry said. “The product under consideration has been exported to India from subject countries at subsidized value, thus resulting in subsidization of the product,” the Ministry said adding as […]

Read more

CRISIL cuts India’s GDP growth forecast for FY20 to 6.9%

Credit rating agency CRISIL Research has sliced its estimate of India’s gross domestic product (GDP) growth by 20 basis points to 6.9 per cent for this fiscal, following a triangulation of downside risks: weak monsoon, slowing global growth, and sluggish high-frequency data for the first quarter. The slowdown would be pronounced in the first half, […]

Read more