India says big no to RCEP as market access and tariff concerns not answered

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India has decided to not join the 16-nation Regional Comprehensive Economic Partnership (RCEP) trade deal on grounds that its key concerns over the agreement have not been addressed.  Prime Minister Narendra Modi said in Bangkok that the current form of the RCEP Agreement “does not fully reflect the basic spirit and the agreed guiding principles” […]

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Fake-branded gold bars infusing illegal gold into world markets

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A forgery crisis is quietly roiling the world’s gold industry, claims a Reuters report. Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or illegal gold, refining and banking executives tell Reuters. The fakes are hard to detect, making them an ideal fund-runner for […]

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India’s crude steel production rises 1.7% to 9.2 million tonnes in July 2019: Worldsteel report

India’s crude steel output increased by 1.7 per cent to 9.215 million tonness in July 2019, according to World Steel Association’s report. The country had produced 9.059 million tonnes of crude steel during the same month a year ago, the global steel industry body said in its latest report. Coincidentally, global steel production for the […]

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India’s steel consumption growth waning as downstream demand tanks

India’s steel consumption growth is likely to slow down for its financial year-ending March 31, 2020, as its domestic downstream industries face weaker demand for their end-products. Steel consumption for April-July amounted to 33.706 million tonnes, about 6.6 per cent higher than the 31.607 million tonnes recorded a year ago, data from state-run Joint Plant […]

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