Indian government procures paddy worth Rs 1.06 lakh crore so far this kharif season, 25% above normal

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The government has procured 25 per cent more paddy so far in this kharif marketing season at 564.17 lakh tonnes for Rs 1,06,516 crore amid farmers’ protest against three new farm laws. Kharif marketing season runs from October. “In the ongoing Kharif Marketing Season (KMS) 2020-21, government continues to procure Kharif 2020-21 crops at MSP […]

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India plans to end iron ore leases of mines which have failed to start operations even after 7-8 months of auction

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India’s ministry of mines has proposed to terminate the iron ore leases of those working mines that have not started production even after 7-8 months of auction. Those mines  which have not maintained minimum dispatch for three consecutive quarters are also sought to be terminated from the lease. The mines ministry proposed to do so […]

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Amended consumer rights rules by power ministry likely to impact India’s private rooftop solar capacity

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The latest rules regarding the consumer rights laid down by the Union power ministry is likely to impede the pace of capacity addition of the rooftop solar in the country. The amendments made by the Ministry of Power purports to disincentivise commercial and industrial users from installing such power generation capacities in their premises. While […]

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Indian cabinet approves auctioning of legacy issues non-coal mineral blocks

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The Indian cabinet has approved a proposal to amend the relevant law for auctioning partially or minimally explored mines under current leases, but entangled in legacy issues and litigation through competitive bidding. Over 500 non-coal mineral blocks will be up for grabs now. Further, the employment-intensive, but highly under-invested sector, will get a fillip from […]

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EDF group from France planning to expand its ambit from nuclear energy to battery-storage for EV vehicles to hydrogen fuel in India

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French conglomerate EDF Group which is engaged in development and construction of the biggest nuclear plant in the world, with six European Pressurised Reactor (EPR) reactors totalling close to 10,000 MW at Jaitapur, along with Nuclear Power Corporation of India (NPCIL), is exploring business opportunities in the Indian market for electric vehicle (EV) charging infrastructure, […]

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India’s guar seed exports declined in 2020; hoping for opportunities in 2021

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It has been a dismal story for Guar producers in 2020. Guar prices were already negative affected in 2019 by weak demand from global markets, and in 2020 the ongoing COVID-19 pandemic made the situation far worse for the Guar seed industry. Demand from the oil rig companies where usage of guar gum to extract oil is higher, halted. World markets had turned sluggish mainly because of a slump in demand […]

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India’s fuel demand at 11-month high in December 2020; retail pices in January 2021 touching sky high

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India’s fuel demand rose for the fourth straight month in December 2020, but it was about 2 per cent lower than pre-COVID levels. The total demand for petroleum products in December 2020 fell to 18.59 million tonnes from 18.94 million tonnes a year back, according to provisional data published by the oil ministry’s Petroleum Planning […]

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