After a broad-based deceleration in the initial quarters of this fiscal year, India’s growth rate is projected to fall to 6 per cent, the World Bank said. Both IMF and Ind-Ra ratings have also reduced India’s projected growth rate for this fiscal tro 6.1 per cent. In 2018-19, the growth rate of the country stood […]
The U.S. Energy Information Administration (EIA) forecasts lower crude oil prices in the fourth quarter of 2019 and in 2020 despite tighter global balances. The tighter balances are largely the result of unprecedented short-lived loss of global supply following the September 14 attacks on crude oil production and processing infrastructure in Saudi Arabia, EIA said […]
The proposed Regional Comprehensive Economic Partnership (RCEP) will harm and worsen the trade deficit in the plantation commodities and make things miserable for the sector, which is already facing challenging times on account of low prices and high cost of production, says a study by the United Planters’ Association of Southern India (UPASI) , an […]
India’s gold imports plunged 68 per cent year on year in September to their lowest in more than three years as record domestic gold prices curbed retail buying, reported Reuters last week. Lower imports by the world’s second biggest consumer could cap gains in global prices that are trading near their highest level in over six years, […]
Amid the economic slowdown, where construction as well as auto sales have taken a hit, zinc metal, which finds strong application in both these sectors is looking at newer domestic consumption segments to grow. “Solar panels, power storage batteries and fertilizers are the three new areas where zinc market has ample scope to grow in India. There is more […]
Spot gold declined by 1.5 per cent to hit the lowest in almost two months in early Tuesday trade. But it recovered by half towards evening on huge customer turnout to book their share on price fall. The decline in gold prices in the domestic market was followed by a similar move globally on easing trade tensions […]
The US government is stepping up efforts to break China’s dominance over supplies of critical minerals for a range of modern life’s aspects, including electric vehicles (EVs), green technologies and military applications by launching a plan to boost lithium, cobalt and rare earths mining across the globe. The Energy Resource Governance Initiative (ERGI) initiative, announced in […]
The government has withdrawn incentives being given to exporters of gold medallions and coins for import of raw material, according to a notice by the commerce ministry. “Advance Authorisation shall not be issued where items of export are gold medallions and coins or any jewellery/articles manufactured by fully mechanised process,” the Directorate General of Foreign […]
Indian steel manufacturers plan to strengthen their relationship with the Middle East market, especially Saudi Arabia, according to remarks made during the second day of the First International Saudi Iron and Steel Conference last week, reports S&P Global Platts. V.R. Sharma, managing director of India’s Jindal Steel and Power, said, “The industry will definitely grow […]
The Modi government seems determined to boost the country’s crude steel production capacity to 300 million tonnes by 2030-31 in a bid to make India a global steel manufacturing hub. At present, China is the world’s largest steel producer with a production capacity of 928.3 million tonnes of crude steel (2018), while India, with 106.5 […]
