Second Covid wave poses risk to India’s growth, but impact will be less severe than last year: Moody’s

The second wave of Covid infections poses a risk to India’s economic growth, but the impact will be less severe than last year, a Moody’s report said on Tuesday. It added that a focus on “micro containment” zones to deal with the current wave of infections, as opposed to a nationwide lockdown, would mitigate the economic […]

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IMF MD Christine Georgieva says recovery is underway after worst global recession since World War II

A day after the International Monetary Fund (IMF) forecast a global growth of six per cent for this year, IMF Managing Director Christine Georgieva has said that after the worst global recession since the Second World War, the recovery is underway. In its latest World Economic Outlook, IMF has projected a stronger recovery for the […]

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Vedanta gives up on its Tuticorin copper plant; plans new Rs 10,000-crore copper unit

With its 400,000-tonnes per annum copper smelter plant in Tuticorin, Tamil Nadu, closed since May 2018 over pollution concerns and the Supreme Court dismissing its plea to reopen it, Vedanta is now planning to set up a new 500,000 tonnes a year plant. The company has invited expressions of interest from coastal states wishing to partner it […]

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71 anti-Vedanta protesters charged for 2018 Sterlite Copper violence in Tamil Nadu

The police have charged 71 people for rioting and arson during the deadly protests over environmental concerns at Vedanta Ltd’s copper smelter in Tamil Nadu three years ago.   Police had opened fire to beat back the protesters in the southern seaside town of Thoothukudi where 13 people were killed, causing national outrage and the subsequent […]

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Interview: Health, wellness categories key to India’s top rice exporter for growth

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After having established itself as the world’s largest rice miller and India’s leading exporter of fragrant and long-grained varieties of basmati rice, India Gate recently broke new ground by diversifying into health foods—chia and flax seeds.  Biman Mukherji spoke to Ayush Gupta, Business Head, India Gate Basmati Rice at KRBL Ltd, to understand the reasons as well […]

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Oil markets face uncertain future after rebound from historic Covid-19 shock, says IEA

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World oil markets have rebounded from the massive demand shock triggered by Covid-19, but still face a high degree of uncertainty that is testing the industry as never before, according to a new IEA report.  The forecast for global oil demand has shifted lower, and demand could peak earlier than previously thought if a rising focus […]

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India’s foodgrain output to rise 2% in 2020-21 to a record 303.34 million tonnes: Agri Ministry

India’s foodgrain production is estimated to rise by 2 per cent in 2020-21 crop year to an all-time high of 303.34 million tonnes on better output of rice, wheat, pulses and coarse cereals amid good monsoon rains last year, the agriculture ministry said. Crop year runs from July-June. In the 2019-20 crop year, the country’s […]

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Crop arrivals to mandis rise after Supreme Court stays the three farm laws

Arrivals of several crops in the organised mandis have picked up ever since the Supreme Court stayed the implementation of the three contentious farm laws on 12 January, 2021, according to official data on the Union agriculture ministry’s Agmarknet portal. Of the ten major kharif crops, mandis have seen increased arrivals in five crops – […]

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India sanctions 134 food processing projects during the pandemic: Minister

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The Centre sanctioned 134 food processing projects across various states last year despite the COVID-19 pandemic and is committed to the growth of the sector, Union Minister Rameswar Teli said. Minister of State for Food Processing Industries Rameswar Teli participated in the fourth-edition of Emerging North East event on Friday in Guwahati. The event was […]

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