India’s farmers group says movement upstaged by vested interests after violence hit capital

An influential Indian farmers’ group said on Wednesday said their movement to arrive at a consensus on agricultural reforms had been upstaged by powerful vested groups, who dared to plant a flag on top of the historical Red Fort and damaged vehicles during a rally held on the country’s Republic Day. Farmer groups had staged […]

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India invites bids for Neelachal Ispat Nigam; Rashtriya Ispat also to be sold

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The government of India has invited preliminary bids for strategic sale of Neelachal Ispat Nigam Ltd (NINL). The Indian cabinet is also likely to take up the proposal for approval of strategic disinvestment of Rashtriya Ispat Nigam (RINL), the Vizag-based steel public sector unit (PSU) having 6.3 million tonnes per annum (mtpa) steel-making capacity. In […]

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Environmentalists oppose India’s plans to turn Goa into coal hub

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Environmentalists and politicians in Goa, India, known globally for its beaches and dense forests, are opposing a plan by Prime Minister Narendra Modi’s government to turn the southwestern coastal state into a coal transportation hub. Protests against the initiative began last year, when New Delhi unveiled three infrastructure projects to increase coking coal handling at the state-run Mormugao Port Trust […]

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India’s mines ministry plans stern measures to streamline iron ore supply

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With shortfall in production and supply of iron ore from a large number of mines auctioned before expiry of leases on March 31, 2020, India’s mines ministry has proposed amendment in Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules (MCR), 2021 which prescribes stricter conditions against defaulting leaseholders. The draft amendment of […]

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Reliance Industries likely to spin off oil-to-chemical business into a separate unit

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Reliance Industries Ltd has spun off RIL’s oil-to-chemical business into a new unit that will help it pursue growth opportunities with strategic partnerships, the company said. The oil-to-chemical (O2C) business unit holds Reliance’s oil refinery and petrochemical assets and retail fuel business but not upstream oil and gas producing fields such as KG-D6 and textiles business. […]

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Food Corporation of India’s operations need to be overhauled to keep pace with country’s requirements: Minister

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Following a series of meetings chaired by Piyush Goyal, minister for food, consumer affairs, commerce, industry and railways, with FCI and senior government officials, the government of India has proposed to revise archaic grain standards of the FCI, which were set 20-30 years ago. The plan includes keeping with advances in harvesting and handling technologies, […]

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India may roll out direct benefit transfer scheme for fertiliser subsidy in FY22

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India may finally shift to the direct benefit transfer (DBT) for delivering fertiliser subsidy to farmers effective FY22. The department of fertilisers and the ministry of agriculture are working out the details of the DBT scheme, which may be announced in the Budget for FY22, Financial Express reports. According to an estimate by the fertiliser […]

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