India’s mining belt of Dhanbad may be rescued from the virus crisis with this $3 billion fund

An under-utilized $3.1 billion fund targeted at the poorest in India’s mining belt could prove to be a crucial resource to fight against the coronavirus pandemic. Created under a new law in 2015, the so-called District Mineral Foundation (DMF)  funds have nearly 238 billion rupees, after less than 40% of the amount accumulated over the […]

Read more

Chhattisgarh government to grant lac farming the status of agriculture: Bhupesh Baghel

Chief Minister of Chhattisgarh Bhupesh Baghel has agreed to the forest department’s proposal to declare ‘lac cultivation’ as an agricultural activity, saying that it would make it a lucrative endeavor for the farmers. Baghel instructed the Agriculture, Forest & Cooperative Departments to present a proposal in the next cabinet meeting to include ‘lac’ as well […]

Read more

Government clears rabi pulse procurement by 13 states; UP, MP left out

The Central government has given a blanket approval to 13 states to immediately start procuring chana (gram) and masoor (lentil), the two big pulses grown during the rabi season, Business Standard reports. The Centre has also cleared Rs 1,250 crore for purchasing around 258,000 tonnes of both the pulses. But Madhya Pradesh and Uttar Pradesh, the two largest […]

Read more

India’s sugar production till the end of February 2020 declines by 22% to 19.5 million tonnes

sugar.jpg

Sugar production till February 29, 2020, in the current sugar season (SS: Oct 2019-March 2020) has declined by 22 per cent to 19.48 million tonnes (MT), against 24.93 MT produced in the same period last season. From October 1, 2019, till February 29, 2020, there were 453 sugar mills in operations, against 520 mills in […]

Read more

Vedanta and Hindalco, both raised aluminium ingot price by more than 1% with effect from January 22, 2020

Vedanta has increased the prices of aluminium ingots, billets and wire rods by more than 1% with effect from January 22. This is the second time in a row that the company has raised the prices of its products. The price for Vedanta aluminium ingots now stands at Rs.144,750-157,750 per tonne. The company generally links prices […]

Read more