NDDB to expand its reach to East and North-Eastern parts of India

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The National Dairy Development Board (NDDB) is expanding its footprint in Eastern and North-Eastern States in the country by taking dairy development activities in some of the most backward areas of these regions together with local partners, it said in a statement. Recently, the Jharkhand government signed a memorandum of understanding (MoU) between NDDB and […]

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India exported one third of its steel to China during the first six months of this fiscal FY21

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China was the top foreign buyer of Indian steel between April and September 2020, government data showed, marking a rare rise in bilateral economic activity at a time of political tensions which have triggered some trade curbs. As per a Reuters report, China bought 1.9 million tonnes of finished steel from India, cornering 29 per cent of […]

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First pan-India household gold consumption survey to be released in January

The India Gold Policy Center, a think tank at the Indian Institute of Ahmedabad sponsored by the World Gold Council, is likely to release the findings of its first pan-India household gold consumption survey in January. Professor Arvind Sahay, chairperson of the center, told indoasiancommodities.com that the survey, which would become a bi-annual affair from […]

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Weekly Wrap – Recovery on the horizon, but a long haul to heaven

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The International Monetary Fund (IMF) revised down its 2020 forecast for the Asian economy to a contraction of 2.2 percent, calling it “the worst outcome for this region in living memory.” The latest forecast is a downgrade compared with the projection of a 1.6-percent contraction in June. India’s economy experienced a much sharper than expected […]

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Global trade drops 5% in third quarter of 2020 : UNCTAD

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Global trade recorded a 5% drop in the third quarter of this year compared with the same period last year, according to an UNCTAD report. This marks an improvement on the 19% year-on-year plunge recorded in the second quarter, and the frail recovery is expected to continue in the fourth quarter, with a preliminary forecast […]

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Partially indexed tariff structure could help discoms save Rs 21,880 crore in next five years – report

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Inflation indexation of tariffs for future solar capacity could be an interim solution to ease the financial burden of an already distressed power distribution sector and to move away from coal-fired power, a recent joint briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) and the CEEW-Centre for Energy Finance (CEF) has […]

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