As a retaliation against tighter scrutiny of Chinese goods by Indian Customs, Bangladesh has started hitting back against Indian supplies through the Petrapole border in West Bengal since Wednesday. The move is purportedly in response to a decision by the West Bengal authorities to retain restrictions on imports from Bangladesh via Petrapole to contain the […]
India’s trade deficit with China fell to $48.66 billion in 2019-20 on account of decline in imports from the neighbouring country, according to government data. Exports to China in the last financial year stood at $16.6 billion, while imports aggregated at $65.26 billion, the data showed. The trade deficit between the countries was at $53.56 […]
Flour millers have demanded the current wheat price under the open market sale scheme (OMSS) be cut by 23 per cent on assurance that the millers would purchase 10 million tonnes from the government’s official stock. A decrease in the reserve price may help the government to reduce the stockpiles of the cereal with the […]
Amid the nationwide rage to boycott Chinese products after the brutal face-off at Galwan valley, Power Minister R K Singh said that India will not import power equipment from China. R K Singh urged the state distribution companies to not give orders for supply of equipment to Chinese firms as India will manufacture everything in […]
Global energy demand may well have peaked last year, and the same may be true for carbon dioxide emissions, Norwegian energy consultancy DNV GL said in a new report. According to the consultancy, over the next three decades, the world’s energy demand will actually decline, and in 2050 demand will be on a level with what it […]
During the past three months during Covid-19 induced lockdowns, retail prices of agricultural commodities have jumped sharply on account of supply chain disruptions. Data compiled by the Union Ministry of Consumer Affairs, Food and Public Distribution showed retail prices of almost all commodities jumped in the past three months till June-end in both Mumbai and Delhi. Though […]
Mango growers of Uttar Pradesh, India’s second largest mango hub are facing huge losses on lack of overseas orders and demand in the domestic markets mainly due to Covid-19 crisis. The local markets in UP are flooded with Dussehri as traders have no option left. The rates of Dussehri in the local market is lowest in last five […]
Amid heightened tensions between China and India, the latter said it would check all imported power equipment coming from China for malware and other cyberweapons, according to a few media reports. “Power is a very sensitive and strategic sector for any country. Electricity runs all industries, communication systems and all databases including strategic ones and […]
Agritech startups in India are innovating and making multiple changes to their processes to maintain connections with farmers, during the pandemic crisis. The startups, which have been working on helping farmers improve productivity, are helping farmers with access to raw materials and farming equipment. Some of them are also streamlining supply chain for better demand […]
Fuel demand in India, the world’s third-largest oil importer and third-largest oil consumer, is set to rebound to pre-crisis levels by the end of September, Oil and Petroleum Minister Dharmendra Pradhan said at the virtual Bloomberg-NEF Summit in New Delhi. India’s fuel sales in June reached 88 per cent of the pre-COVID-19 levels as easing of lockdown […]
