The Indian parliament has erupted in chaos over a proposal to overhaul laws that restrict farmers from selling and stocking their produce, but perhaps this only reflects the fear of the unknown. Even as the rest of the economy has powered ahead, the country’s largest workforce has suffered as they are beholden to an antiquated […]
India’s oil imports from Africa jumped to its highest in 10 months in August 2020 as refiners switched out more expensive crude from the Middle East, Reuters reports citing shipping data. The world’s third biggest oil importer shipped in about 3.95 million barrels per day (bpd) of oil in August, the highest volume since April, from African […]
Despite the COVID-19 pandemic that has created a demand-supply mismatch, the bulk tea industry has witnessed a sharp increase in both consumption as well as prices, according to a report by ratings agency, ICRA. The bulk tea companies, particularly of northern India are expected to report their best financial performance witnessed in recent history, mainly on the […]
The European Commission has sought public comments on India’s plea to register the name ‘Basmati’ under geographical indication (GI). The GI application was filed by India in 2018. Similar applications have also been filed by Agricultural & Processed Food Products Export Development Authority (Apeda) to register the aromatic rice variety under GI in Thailand and Malaysia. […]
The government of India has clarified that there is no proposal to certify illegal mining as legal, after receiving a large number of suggestions on the proposed mining reforms. The mines ministry had recently sought suggestions from the general public, mining industry and other stakeholders on the proposed reforms in the Mines and Minerals (Development and Regulation) Act, 1957. […]
R. K. Singh, the Union Minister of State for Power and New & Renewable Energy, laid foundation stone for construction of LILO of Kishenganj-Darbhanga 400kV Transmission Line at Saharsa in Bihar through a virtual event. POWERGRID Ltd., a central PSU under Ministry of Power will execute this Rs 100 crore project. Acknowledging Powergrid for its […]
India’s oil and gas imports are expected to double by 2050 as overall energy demand grows while the dependence on coal reduces going forward. According to BP Energy Outlook 2050, the growth of energy consumption in the emerging economies will be led by India, “which is seen to be the largest source of demand growth […]
The global demand for natural rubber (NR) is estimated to revive in the third quarter of 2020 after declining 14 per cent year-on-year during the first seven months (January-July), the Association of Natural Rubber Producing Countries (ANRPC) said. The inter-governmental organisation of 13 rubber producing countries in its latest report said the global demand for […]
State-owned manganese ore mining firm MOIL Ltd is working on multiple new projects worth cumulatively Rs 581 crore at its mines in Madhya Pradesh and Maharashtra, according to its annual report. The company is aiming to complete these projects by August 2021, the miner said in its Annual Report 2019-20. Manganese is used to make steel which […]
As on 11 September, 2020, Indian sugar mills owe nearly Rs 13,000 crore to cane farmers for the crop procured during 2019-20 marketing season that started October last year, it was revealed in the Parliament. “Out of total cane dues payable of Rs 75,585 crore for sugar season 2019-20 as on September 11, 2020, about […]
