India’s Ministry of Power asks NTPC, DVC and state utility firms to augment their fleet of railway rakes for coal transport

The Union ministry of power has advised state-run power generators – both Central PSUs and state government utilities – to have their railway rakes fleet for coal evacuation from the mines. In a letter to NTPC, DVC and six state government units, the ministry said while the railways was taking steps to procure additional rakes, […]

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India’s share of exports declines among developing countries in 2020: WTO report

India slipped to eighth position in 2020 in terms of its share of merchandise exports among developing economies, according to a World Trade Organization report. India’s ranking translates into a share of 3.6 per cent with respect to top 15 developing economies’ merchandise exporters, lower than its share of 3.9 per cent in 2018 as […]

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Adani Group refutes buying directly from the farmers; only manage grain silos for FCI

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Adani group has denied reports that it is buying harvested crops from the farmers. The group has also rubbished any claim of fixing the price for farmers’ produce. The port-to-energy-to commodities conglomerate said it only develops and operates grain silos for Food Corporation of India (FCI). Recently, Adani’s name has been echoing during farmer protests along with Reliance […]

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India, world’s second-biggest steelmaker, charts out logistics path to slash costs

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India, world’s second-largest steel producer, is planning a multi-pronged approach to slash the significant cost of logistics that is eroding the metal’s global competitiveness, Minister of State for Steel Faggan Singh Kulaste said on Wednesday. Speaking at a webinar titled “Supportive Logistics for Indian Iron and Steel, the minister said the government is aiming to […]

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India’s commodity exports pick up as port congestion eases, but labour still short

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India’s export of farm commodities, which had been hampered due to port congestion amid the lockdown for the last couple of months, have started picking up again gradually following an easing of the curbs on movement, Ritwik Sinha and Biman Mukherji report. However, with a majority of regular workers still away, shippers are being forced pay upto 50% […]

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Indian businesses try to find ways to get truckers on road as supply chains collapse on COVID-19 lockdown

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The Indian truck driver, long treated shabbily despite being a critical link in the country’s supply chain, is beginning to get a better deal in the difficult times of lockdown triggered by the battle against COVID-19, Ritwik Sinha reports. The disruption has been a great leveller in India’s transportation business as fleet operators try to […]

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Govt approves Rs 6,268 crore subsidy to promote sugar exports

The government of India has announced a Rs 6,268-crore subsidy for export of 6 million tonnes of sugar for 2019-20 marketing year, starting in October, to help cash-strapped mills liquidate surplus and clear sugarcane arrears to farmers. The Cabinet Committee on Economic Affairs (CCEA) has given its approval for providing a lump sum export subsidy […]

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China’s state-run COFCO sets up a Joint Grain Marketing Venture with Growmark Inc., US

Growmark Inc., the second largest farmer cooperative in the United States, has entered into a joint grain marketing venture with China’s COFCO International Limited (CIL). The partnership, according to a statement, includes joint ownership and operation of the barge, truck and rail terminal at Cahokia, Illinois, with frontage on the Mississippi River, as well as a grain origination agreement. Growmark will staff […]

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