Easing of import policy on pulses has resulted in record import of tur (arhar) dal. More than five lakh tonne of tur dal has been imported till December 31, 2021. The total imports are likely to cross 6.5 lakh tonnes by March-end as against 4.42 lakh tonne in 2020-21. This has resulted in stabilization of […]
The $20 billion liquefied natural gas project in Mozambique, where two state-owned Indian firms – ONGC Videsh Ltd (OVL) and BPCL together hold a 30 per cent stake, has been suspended indefinitely after an escalation of violence in the area, according to a regulatory filing. French energy giant Total SE, which is the project lead, declared force majeure on its LNG […]
The government has decided to extend the validity of licence for import of tur till December 31 this year. The Directorate General of Foreign Trade (DGFT) in a public notice said the cut-off date for ICLC (Irrevocable Commercial Letter of Credit ) for the import shall accordingly be December 1, 2020. It said eligible and […]
In partnership with its country’s business sector, the Japanese government will invest some $14.4 billion (1.5 trillion yen) in liquefied natural gas development in Mozambique, the Nikkei Asian Review reported. According to the report, the money will fund the development of a gas field in the African country to produce some 12 million tonnes of LNG […]
Dal millers are not very happy with a notification issued by the Centre allowing an extension in the import of Tur (Arhar) till November 15 as they feel that the small window of 15 days may not be of much help, reports Financial Express. As per the notification, millers who had placed orders for the […]
Dal (pulses) millers in the country have asked the government to extend the deadline till year-end for the import of pulses. The Centre has urged the millers to import pulses by October 31. Indore-based All India Dal Millers Association (AIDMA) has estimated that the crop in Burma has been good, but the crop in African […]
The Centre has allotted quotas for import of pulses and is enforcing an additional import agreement with Mozambique at a time when domestic stocks are at their highest, domestic production is expected to be high and prices are crashing. The final allocations of import quotas totaling two lakh tonnes of Tur or Arhar Dal, and […]
Rising commodity prices may have revived enthusiasm for African resources, but it is unlikely to be the old mainstays of coal and iron ore, Bloomberg reported, as the mining industry is scheduled to meet in Cape Town this week. The electric-vehicle boom and shifting industrial demand have transformed formerly niche metals — from lithium and […]
India and Mozambique have agreed to expedite development of the giant Rovuma gas discovery in Mozambique, which is planned to be converted into LNG for exports. Oil Minister Dharmendra Pradhan, who is in the African country to attend the LNG Producer–Consumer Conference, met his Mozambique counterpart Leticia Klemens to discuss the development of the gas […]
India may soon lift the decade-old ban on pulse exports, allowing farmers and traders to sell lentils in overseas markets as part of a broader strategy to deal with the current glut and price crash at home. Pulse exports have been banned since 2006-07. Moneycontrol.com quoted a senior official as saying that the government might […]
