Global economy recovering, but may be losing momentum: IMF chief

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The global economy is recovering from the depths of the coronavirus crisis, but there are signs of slowing momentum in countries with resurging infection rates, the International Monetary Fund said in a new report for G20 major economies, as reported by Reuters News Agency. The report, released ahead of last week’s virtual meetings of finance […]

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Liquid milk sales in India to sustain momentum despite fall in institutional demand due to Covid – report

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Growth of liquid milk sales in India is not seen being impacted by a sharp fall in institutional demand for dairy products due to a pandemic-led lockdown in the first half of the year, according to a report by credit ratings agency ICRA. Speaking with indoasiancommodites.com, Gaurav Jain, Vice President (Corporate Ratings), ICRA, said household […]

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Global food import bill may exceed last year’s level despite pandemic – FAO

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The global food import bill for this year is expected to remain close to last year’s level, and may even exceed it slightly due to higher prices of most food commodities in wake of the pandemic, the Food and Agriculture Organisation (FAO) said in a report.   World food markets are showing surprisingly strong resilience despite initial […]

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India’s central bank estimates GDP to contract by 8.6% in Q2; enters recession for first time

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India’s GDP is likely to contract by 8.6 per cent for the July-September period, which means India will enter into a recession for the first time in history in the first half of this fiscal with two successive quarters of negative growth due to the COVID-19 pandemic, as per an RBI official reported by the Press Trust […]

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Interview – India’s natural rubber output, consumption beginning to recover after Covid-19 shock as demand rises

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After being hit hard by the Covid-19 pandemic that saw India’s natural rubber production and consumption fall sharply, the industry is experiencing buoyancy once again as demand for tyres by the automobile sector and other non-tyre requirements continue to rise, Dr. K.N. Raghavan, Chairman and Executive Director, Rubber Board,Ministry of Commerce and Industry, tells indoasiancommodities.com […]

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Weekly Wrap – Indian economy begins to turn around but resurgence of Covid cases globally doesn’t augur well

The U.S. Federal Reserve kept its loose monetary policy intact this week and pledged to do whatever it can in coming months to sustain a U.S. economic recovery losing speed amid a spreading coronavirus pandemic. The coronavirus pandemic is showing no signs of abating and has hit the Indian economy severely. However, Finance Minister Nirmala […]

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Modi urges foreign investors to come to India for “returns with reliability”

Prime Minister Narendra Modi on Thursday urged global investors to put their money in India for returns with reliability, saying the country was fast changing for the better and offered huge opportunities in every sector of its economy. “We are building a New India which is free of old practices. Today, India is changing and for […]

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Mustard oil player Data eyes doubling revenues on price uptick, demand spike

Jaipur-headquartered Data Group, with a strong edible oil vertical and prominent positioning in mustard oil category in some heartland states is aiming to nearly double its topline in the next three years. According to Deepak Data, Director and Joint Managing Director of the over 40-year-old group, Corona-led restrictions has resulted in a significant spike in […]

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