Falling demand in India may prompts India to export diesel

India’s sputtering economy is turning the energy-hungry nation into an unlikely source of diesel exports, reports Bloomberg. The industrial fuel is the lifeblood of Indian manufacturing, transport and agriculture, making it the country’s most-consumed petroleum product. But five straight quarters of slowing growth is taking an increasing toll on demand, resulting in diesel consumption slumping to the lowest since […]

Read more

India’s organic products exports rise 49% in FY19: APEDA

India exported organic products worth Rs 5,151 crore in 2018-19, against Rs 3,453 crore in the previous year, registering an increase of about 49%, PTI reported, citing data from the Agricultural and Processed Food Products Export Development Authority (APEDA). “India produced around 2.67 million tonnes (2018-19) of certified organic products which include all varieties of […]

Read more

GJEPC sees India’s gems & jewellery exports falling 7% in FY20 on high gold prices

IMG_20170114_160113.jpg

India’s gross exports of gems and jewellery sector are expected to decline 5-7 per cent in FY20 as compared to the previous financial year, on account of global downturn and rise in gold prices which has affected domestic demand. As per the Gems and Jewellery Export Promotion Council (GJEPC), net exports of the sector declined 5.32 per cent to […]

Read more

Government of India stops import incentives for exporters of gold medallions and coins

The government has withdrawn incentives being given to exporters of gold medallions and coins for import of raw material, according to a notice by the commerce ministry. “Advance Authorisation shall not be issued where items of export are gold medallions and coins or any jewellery/articles manufactured by fully mechanised process,” the Directorate General of Foreign […]

Read more