Indian parliament passes bill to boost private investment in mining amid opposition protests

The Indian parliament passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2021 which seeks to bring more reforms in mining sector for boosting private investment and creating more jobs. However, opposition parties demanded a select committee scrutiny of the bill, saying the government may face the same backlash against this Bill as they […]

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Sterlite Copper CEO says plant closure has stopped India’s march to self-sufficiency

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The closure of Sterlite Copper’s Tuticorin plant, which once accounted for nearly 40% of India’s copper output, had been forced by vested interests that did not want the country to become self-sufficient in the critical industrial metal, the company’s chief executive officer said in an interview. The plant was shut down in 2018 following a police firing that […]

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Indian traders say farmer protest has caused 500 billion rupees business loss

The nearly two-month long farmers’ agitation in and around India’s national capital has caused business losses worth 500 billion rupees, dampening the post-covid economic recovery, according to the Confederation of All India Traders (CAIT). The government has proposed to suspend three controversial farm laws for one-and-a-half years and try to achieve a resolution with the farmers […]

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Govt’s stand on not allowing price protection may disrupt India’s larger agri-reforms agenda, warns farmer leader

India’s ruling Bharatiya Janata Party (BJP) might be celebrating after finally pushing through key agriculture reforms in parliament, but farmer leaders have raised concerns, saying hat the government may have lost the trust of farmers by not responding to their most important demand. “We were asking for minimum support price (MSP) assurance for only 23 […]

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India’s proposed pesticide bill could discourage fresh investments into agro-chemical business, says CropLife

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A proposed pesticides bill that will replace regulations adopted nearly five decades ago needs more discussion, as some of the provisions are not progressive and would discourage fresh investments in India’s agro-chemical business, a top industry official told Ritwik Sinha in an interview. Asitava Sen, chief executive officer of CorpLife India, an association of leading […]

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Australian workers say to take legal action to combat Chinese steel dumping – report

The Australian Workers Union will launch legal action to combat the dumping of cheap Chinese steel on to the Australian market, warning that the practice had put local manufacturing “on the brink of collapse”, a newspaper reported. Daniel Walton, the union’s newly elected national secretary, told The Australian that local companies appeared to have lost $200 million […]

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US Fed wants aggressive limit on commodity holdings by banks

Under a proposed rule released last week by the U.S. Federal Reserve, American banks will need to put up much more capital to support investments in physical commodities, restrict involvement with power plants and limit the amount of trading banks can do. “Goldman Sachs Group Inc.’s and Morgan Stanley’s sometimes lucrative romance with metals, coal and oil […]

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