SME chemicals sector set for rebound in revenue: CRISIL SME Tracker

Small and medium enterprises (SMEs) in the domestic chemicals sector are on course for 18-23 per cent revenue growth in the current fiscal year (FY22), mainly owing to recovery in domestic demand and higher realisation due to a rise in the prices of chemicals, stated a report from CRISIL SME Tracker. Moreover, an ongoing surge in exports as importer-countries reduce […]

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Rising Covid cases in India boost demand for organic foods

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When agriculture entrepreneur Sharmila Oswal learnt that her sister, best friend, and nephew were all affected by Covid, she was shaken and began thinking about what could be done to help people build up their immunity. She was convinced that unhealthy food was one of the main reasons for their vulnerability because the majority of crops in India […]

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India can grab trillion dollar opportunity in chemicals and petrochem: Minister Gowda

India’s Chemicals and Fertilizer minister D V Sadananda Gowda said on Wednesday that an opportunity to attract investments worth one trillion rupees had opened up in the chemicals and petrochemicals sector following recent budgetary announcements. Speaking at the annual India Chem summit, he said at least 50%-60% of recent production linked incentives announced for 10 manufacturing sector […]

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Finance Minister promises more credit for agriculture during the next fiscal in her Union Budget 2020 speech

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Finance Minister Ms Nirmala Sithraman announced an agricultural credit target set to Rs 15 trillion for next fiscal in her budget speech. Rural development and Panchanyati Raj were allocated Rs 1.6 trillion by the minister. She listed 16 action points for ‘aspirational India’ in her speech. The state governments who are already implementing three model […]

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India’s exports contract 1.11% in October 2019; trade deficit narrows

India’s exports contracted 1.11 per cent to $26.38 billion in October 2019 while a sharper shrinkage in imports left a trade deficit of $11.01 billion compared with $18 billion last year. Imports shrank 16.31 per cent to $37.39 billion, according to official data released by commerce and industry ministry. Meanwhile, some large export items, such […]

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PM Modi calls upon farmers to cut usage of chemical fertilisers, pesticides

Prime Minister Narendra Modi made an emotional appeal to farmers to reduce use of chemical fertilisers and pesticides by 10-25% to save the soil. He invoked the sacrifices of freedom fighters and asked farmers to get blessings in saving ‘Mother Earth’ by reducing the chemicals used in agriculture. Pointing out that no one has the right to […]

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Indian exports to China surge in wake of US-China trade war; agri-exports rose by 70% till Nov 2018

The tariff war between the US and China has helped India increase its exports to China.  During the June-November 2018 period, exports to the neighbouring country have increased by about 25 per cent to $8.46 billion, apex exporters body, Federation of Indian Export Organisations (FIEO) revealed. Exports to China had stood at $6.37 billion in […]

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China scraps import tariffs on soybean from India, Asia-Pacific nations

China will reduce tariffs on soybean imported from India, South Korea, Bangladesh, Laos, and Sri Lanka from the current three per cent to zero, starting from July 1, China’s central cabinet announced. Imported products such as chemicals, agricultural products, medical supplies, clothing, steel and aluminium products from these countries will also enjoy certain tariff reductions, […]

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Soil pollution: facts and figures from FAO

Facts and figures from  Hidden Reality, a new report from the U.N. Food and Agriculture Organization (FAO): Production of chemicals grown rapidly in recent decades and is projected to increase annually by 3.4 percent until 2030. Non-OECD countries will be much greater contributors in the future. In 2015, the European chemical industry produced 319 million tonnes of […]

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