World Gold Council bullish on retail jewellers; says significant audience to be captured in India

In its latest retail trends report, the World God Council (WGC) has said India’s cultural identity is greatly intertwined with gold. Nearly 60 per cent of Indian women own gold jewellery and 37 per cent of them have not bought gold jewellery in the past but are open to buying it in the future, according to the World Gold Council’s (WGC’s) […]

Read more

India looks to boost “Blue Economy” by focusing on fisheries for higher economic growth

fish.jpg

The Pradhan Mantri Matsya Sampada Yojana (PMMSY) aims to enhance fish production to 220 lakh metric tons by 2024-25 from 137.58 lakh metric tons in 2018-19 at an average annual growth rate of about 9 per cent. The Union Minister for Fisheries, Animal Husbandry and Dairying, Shri Giriraj Singh, today said the ambitious scheme will result in doubling export […]

Read more

PFC signs MoU with NBPCL to fund projects worth ₹ 22,000 crore for 225 MW hydro-electric and multi-purpose projects in Madhya Pradesh

Power Finance Corporation (PFC), the central PSU under Ministry of Power and India’s leading NBFC, today entered into an agreement with Narmada Basin Projects Company Ltd. (NBPCL), a wholly-owned company of Govt. of Madhya Pradesh,  to fund projects worth Rs.22,000 crore for 225 MW hydro-electric projects & multipurpose projects in the State of Madhya Pradesh. […]

Read more

Malaysian Palm Oil Board to improve ties with India in order to boost crude palm oil prices

Crude palm oil prices may rise to 2,300-2,400 ringgit ($528.37-$551.34) per tonnne in the coming months as Malaysia’s relationship with top importer India improves, industry regulator the Malaysian Palm Oil Board (MPOB) said this week. The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to […]

Read more

India’s Ministry of Agriculture distributes 1.78 lakh tonnes of pulses to 13.4 crore beneficiaries in States/UTs under PM-GKY

The Ministry of Agriculture & Farmers Welfare has distributed Rs.19,350.84 crore worth of food grains to 9.67 crore farmers during lockdown period under Pradhan Mantri Kisan Samman Nidhi Scheme, says a Press Information Bureau press release. “Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme during the lockdown period from 24.3.2020 till date, 9.67 crore farmers have […]

Read more

Interview – Edible oil demand in India to return only slowly after coronavirus destruction

The national lockdown in India on fears of the spread of the coronavirus pandemic has hit the country’s edible oil industry hard, and demand that plunged sharply is expected to return only slowly over the next six months, Atul Chaturvedi, President of Solvent Extractors Association of India (SEA), tells Shampa Bahadur in an interview. Q. […]

Read more

Indian commodity exchanges report 38% decline in daily volumes during May 2020

Indian commodity exchanges have reported 38 per cent decline in commodity derivatives business since the Covid-19 pandemic started spreading across the country. Between February and May, the daily average turnover in commodity futures trading slumped by 38%. India’s largest commodity exchange, the Multi Commodity Exchange of India (MCX), reported its daily average turnover (DAT) at Rs 15,658 […]

Read more