Value addition of agricultural produce essential to raise export competitiveness, says APEDA chairman

Value addition and diversification are essential to increase export competitiveness and farmers’ income, Dr M Angamuthu, Chairman, APEDA, Ministry of Commerce and Industry, told a meeting organised by industry body FICCI. “Our farmers must get better farm income by doubling of exports. This is the right time to increase our productivity and diversify to value […]

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India’s gold demand recovers modestly in Q3

After India’s nationwide lockdown caused gold jewellery demand to drop to a record low during the second quarter, there was a modest recovery during the third quarter to 52.8 tons, according to the World Gold Council (WGC). Still the demand was 48% lower on year – notching the third lowest quarter for Indian jewellery demand. “Not […]

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India exported one third of its steel to China during the first six months of this fiscal FY21

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China was the top foreign buyer of Indian steel between April and September 2020, government data showed, marking a rare rise in bilateral economic activity at a time of political tensions which have triggered some trade curbs. As per a Reuters report, China bought 1.9 million tonnes of finished steel from India, cornering 29 per cent of […]

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India to introduce logistics, e-commerce national policy, says minister

India’s junior Commerce Minister Som Prakash said on Wednesday that the government will soon be introducing a national policy for logistics as well as e-commerce to boost the retail trade following the devastation suffered in the global pandemic. He told the Federation of Indian Chambers of Commerce and Industry (FICCI) annual retail event called MASSMERIZE […]

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Despite India’s rapid electricity gains, quality remains a sticking point – report

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India has taken rapid strides in nearly doubling electricity access over the past two decades, but improving the quality and reliability of services remain as key challenges, according to a joint survey called Smart Access Study. The study, which was released in conjunction with NITI Aayog and the Rockefeller Foundation, was conducted to evaluate the status of electricity […]

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India to raise its refining capacities to 400 million tonnes from 250 million tonnes per year: Prime Minister

India has planned to raise its refining capacities from about 250 million tonnes per year (MTPA) to 400 MTPA by 2025, Prime Minister Narendra Modi told the recently held India Energy Forum The PM further indicated his preference towards moving the country towards a gas-based economy. “Increasing domestic gas production has been a key government […]

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FCI, others procure 151.17 lakh tonnes of paddy at MSP for Rs 28,543 crore so far

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State-owned FCI and state procurement agencies have bought 21 per cent more paddy so far in the kharif marketing season of this year at 151.17 lakh tonnes amounting to Rs 28,543 crore. Paddy procurement for kharif 2020-21 is progressing smoothly in Punjab, Haryana, Uttar Pradesh, Tamil Nadu and Kerala with purchase of over 151.17 lakh […]

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