Domestic steel players raise prices amid absence of green shoots

web-Tata-Steel_Hille_Muller_205.jpg

Domestic steel industry has been continuously raising product prices since November despite the absence of green shoots. “There are no strong demand indicators, or green shoots, at all which can keep these price hikes sustainable. Demand from infrastructure is still to pick up and auto continues to be weak,” Sushim Banerjee, director general at Institute […]

Read more

PM KUSUM Scheme to cover 20 lakh farmers this year through Solar Pump Yojana

Aiming to reach the target of doubling farmer’s income by 2022, the Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan (PM KUSUM) scheme will be expanded to cover 20 lakh farmers across the nation. The Solar Pump Yojana which promises to fulfill the irrigation and water problems by providing a 60% subsidy to the farmer for […]

Read more

Imports of copper, paperboard, RBD likely to decline on stringent ‘rules of origin’

India’s imports of copper, RBD (refined, bleached and deodorised) palmolein, paper and paperboard are likely to decline in the coming quarters due to stringent norms being put in place on the ‘rules of origin’ to check undue dumping of these commodities under Free Trade Agreements (FTAs) from non-producing countries. Sharp increases in the import of copper, RBD palmolein, paper […]

Read more

Bullion exchange proposal in Budget 2020 raises hope for increased gold imports

The Union Budget’s proposal for an international bullion exchange at the financial hub in Gujarat’s GIFT City has made businesses hope that the rules will be relaxed to allow gold import once that bourse starts trading. Finance minister Nirmala Sitaraman said the exchange at the international financial services centre (IFSC) will be an additional option for trade […]

Read more

Customized technology and policy reforms are key concerns of agriculture sector: Ramesh Chand, Member, NITI Aayog

Prof Ramesh Chand, Member, NITI Aayog, said that Indian agriculture sector faces issues in customized technology and implementation of the policy reforms at ground level, especially at the state level. Speaking at ‘Release of India Commodity Year Book 2020 & Discussion on Union Budget Announcements for Agriculture Sector’, Prof Chand said, “Technology is the prime mover and India […]

Read more

Finance Minister promises to set up International bullion exchange at IFSC, Gujarat

During the Budget 2020, Finance Minister Nirmala Sitharaman proposed to set up an international bullion exchange at IFSC in GIFT City, which will lead to better price discovery of gold, create more jobs and enhance India’s position in such market. “With the approval of the regulator, GIFT City would set up an International Bullion Exchange(s) […]

Read more