Gold heading towards Rs 45,000 per 10 grams level amid volatility in global markets

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Volatility in the global markets has once again brought gold back in focus, with the price of the yellow metal rising sharply worldwide. In India, it is approaching the Rs 45,000-level. This is a boon for investors holding gold exchange-traded funds and sovereign gold bonds (SGBs). At present, it is perhaps the only instrument to be providing […]

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Coal likely to face challenges in India as renewables look to scale up

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Coal remains central in the power mix of the developing world, with coal plants still being built across Asia in order to meet rising baseload electricity needs. However, a more challenging macroeconomic environment and slowing power demand growth are raising some questions around the growth of coal even in developing economies. Last year may have […]

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With low consumer demand, jewellers in India feel squeezed over advance tax payments

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High volatility in gold prices have dealt a double blow to jewellers as consumers are staying away from visiting shops because of the coronavirus spread. This has reduced discretionary spending as it rendered jewellery sales to almost a standstill. Also, advance tax payment has put them under pressure, reports Business Standard. Prices continued to fall almost the entire last […]

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Nashik onion growers seek relief of Rs 5/kg for 45-day period for government’s delay in banning exports

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The onion growers in Nashik are seeking a compensation of Rs 5 per kg for the period from February 1 to March 15 for the delay in the government’s decision to revoke the ban on exports. A report in the Financial Express quotes Bharat Dighole, president, Maharashtra State Onion Growers’ Association, who pointed out that […]

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Gold, base metals, crude oil jump on US Fed’s surprise interest rate cut

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Base metals’ prices jumped by 1-2 per cent on Wednesday after the United States Federal Reserve (US Fed) announced a 50 basis points (bps) emergency interest rate cut. The Fed also confirmed high downside risk for the global economy as a result of increasing number of coronavirus (COVID-19) cases across the world. Gold and silver price increased […]

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Open acreage coal mining to create level-playing field, but may not trigger a rush of investors

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Opening the coal sector to private and foreign participation, a landmark reform initiated by the Narendra Modi government, marked the end of coal nationalisation and dubious captive mining era. In future, blocks will be awarded without any end-use restrictions. However, this may not trigger a rush for investments in the coal sector, says an article […]

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Mahindra Group displays its range of potato farming technologies at Global Potato Conclave 2020

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Mahindra Farm Equipment Sector and Mahindra HZPC Pvt Ltd; a joint venture of Mahindra Agri Solutions Limited and HZPC Holding B.V., the world’s largest seed potato player, participated in the Global Potato Conclave 2020 last month in Gujarat, India. At the conclave Mahindra HZPC (MHZPC) showcased its 6 new seed potato varieties viz. Colomba, Memphis, Taurus, Sagitta, […]

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Potato cluster notified under Agri Export Policy by APEDA

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Considering the potential of production of potatoes near Agra region in Uttar Pradesh, potato cluster has been notified under Agri Export Policy (AEP) of Government of India. For the development of clusters, the Agricultural and Processed Food Products Export Development Authority (APEDA) is organizing meetings in the notified clusters under the Agri Export Policy announced […]

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India’s middle eastern crude oil imports slump to 4-year low; government seeks other sources

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India’s imports of Middle Eastern oil plunged to a four-year low in 2019, tanker data obtained from sources shows, as the energy-hungry nation diversifies its supplies to cut costs and help shield itself from geopolitical tensions, reports Reuters. India, the world’s third-biggest oil consumer, imports about 84 per cent of its oil needs and traditionally […]

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