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 […]
The government has prohibited export of onion seeds with immediate effect responding to its reported shortage in the domestic market and rising prices of onions in the country. Onion traders in Nashik however, continued to boycott auctions for the third successive day despite a meeting with NCP chief Sharad Pawar. Traders in Nashik have been […]
Global demand for gold during the third quarter of this year dropped by 19% on year to 892 metric tons, the lowest since that experienced during the third quarter of 2009 as consumers battled the effects of the pandemic, according to the World Gold Council. The year-to-date gold demand is down 10% on year at 2,972.1 […]
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 […]
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 […]
The imposition of stock limits on onion after its prices more than doubled than the last 5-year average, brought wholesale onion prices down by up to Rs 10 per kg in key consuming markets such as Delhi, Mumbai and Chennai. For wholesalers, the limit to stock onions has been kept at 25 tonnes while the […]
China’s steelmakers are consuming more iron ore pellets in their blast furnace production these days, new data suggests. As of October 21, the 64 mills surveyed regularly by Mysteel had raised the proportion of pellets in their furnace feedstocks by 0.08 percentage point on fortnight to reach 16.46% – the second highest since the survey […]
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 […]
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 […]
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 […]
