Manufacturers of seeds have requested the government to ensure transportation of key farm inputs so that there is no roadblock due to the measures being taken to handle corona virus. Since the next three months are critical for farmers to prepare for kharif season, the seed industry has sought government’s help to ensure there is […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 143.3 million tonnes in February 2020, a 2.8 per cent increase compared to February 2019. China’s crude steel production for February 2020 was 74.8 million tonnes, an increase of 5.0 per cent compared to February 2019*. India produced 9.6 million […]
On Monday, the government of India raised the cap on additional excise duty on petrol to Rs 18 per litre and diesel to Rs 12 per litre. This is an increase of Rs 8 per litre on the previous level of Rs 10 per litre on petrol and Rs 4 per litre on diesel. The […]
Agriculture Produce Market Committees (APMCs) in Maharashtra have begun shutting down services in the wake of Section 144 imposed by the state government to curb the spread of coronavirus. Around 56 market committees in the state remained shut in Maharashtra on Monday, according to a daily survey conducted by the Maharashtra State Agriculture Marketing Board (MSAMB). […]
The spread of coronavirus, coupled with rising threats of cheap imports from China, Japan and South Korea, has kept the lid on domestic steel prices and forced steel producers to consider pruning production in the short term, amid subdued demand. In a recent report, Kotak Securities has projected a price cut of Rs 1,000-1,500 per […]
As per reports, India’s coffee exports are likely to take a hit in the April-June quarter as orders from Italy, which has been the largest buyer of Indian Coffee has been battling a severe outbreak of coronavirus. Italy has been importing over a fifth of India’s coffee shipments. Ramesh Rajah, President of the Coffee Exporters […]
The proposed New National Fisheries Policy will focus on bringing new technology and ways to deal with the threat from cyclones as part of the overall objective to improve the income of fishermen, informed Union Fisheries Minister Giriraj Singh in the Rajya Sabha. The proposed policy will incorporate the provisions of the existing National Policy […]
Having implemented its Rs 72,000-cr expansion programme to a large extent, SAIL has in its crosshairs the Centre’s target of 300-MTPA capacity by 2030-31, chairman Anil Kumar Chaudhary said to the Financial Express. The Steel Authority of India, the country’s largest public sector steelmaker, has been in the steel business for more than 60 years. […]
Jindal Steel and Power Ltd (JSPL) has bagged an iron ore block in the ongoing auctions in Odisha with reserves of about 200 million tonnes (MT). The iron ore block, Guali mine, is spread over 365 hectares in the Keonjhar district of the state. Other players who had bid for the block included JSW, Adani […]
India’s fuel demand has dropped by a steep 10-11 per cent in the first two weeks of March as the outbreak of coronavirus (Covid-19) led to the cancellation of flights and reduction in industrial activity. The country had consumed 19.5 million tonnes of petroleum products in March 2019, official data showed. Assuming consumption in two […]
