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The Union Food Ministry indicated that it is willing to make changes to the Open Market Sales Scheme after the first e-auction of rice | Photo Credit: SHIV KUMAR PUSHPAKAR As the Congress attacked the Centre on Monday over the reluctance of private players to auction rice from the Food Corporation of India (FCI) under…
Read More “Food Ministry indicates willingness to tweak OMSS after lukewarm response” »
Experts say while drone applications occupy an important place in the Agriculture 4.0 vision, the innovations work best when allied with policy-level interventions to sustain the agricultural sector. | Photo Credit: KSL Agri-drone maker IoTechWorld Avigation on 10th July said it has secured a large contract from cooperative fertiliser major IFFCO for supplying 500 drones,…
Read More “IoTechWorld bags order from IFFCO for supply of 500 agri-drones” »
Piyush Goyal, Minister of Commerce & Industry. File. | Photo Credit: Kamal Narang Union Commerce, Industry and Textiles Minister Piyush Goyal is heading for a two-day visit to London, starting Monday, to take forward negotiations for bilateral trade pacts with the United Kingdom and the four-nation European Free Trade Association (EFTA) bloc. Mr. Goyal will…
Read More “Union Commerce Minister Piyush Goyal to push trade deals in U.K.” »
The steep discounts on Russia crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain ‘opaque’ and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the $60 per barrel price cap imposed by the West…
Read More “Russia oil discount to India shrinks to $4, delivery charges remain opaque” »
Oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia on June 4, 2023. | Photo Credit: Reuters The story so far: As India continues to import oil from Russia, it is getting tougher for the country to pay for it. On the one hand, it faces repercussions of breaching the oil price cap…
Read More “Explained | Why are India-Russia trade payments in crisis?” »
The Chinese Ministry of Commerce announced that it would implement export controls on items related to gallium and germanium. | Photo Credit: Reuters The story so far: On July 3, in what is being seen as the country’s retaliatory move in the ‘chip war’, the Chinese Ministry of Commerce announced that it would implement export…
Read More “Explained | Why is China limiting exports of raw materials? ” »
It’s peak mango season in north India, but varieties of the fruit arriving in the market lack taste, odour and colour. Untimely rains, hailstorms and attacks by semi-looper caterpillars are being cited as reasons for the dip in quality in both home-grown varieties such as Alphonso, Kesar, Dasheri, Chausa, Langda and Lucknowi, and hybrid ones…
Read More “Rain, pests drain mangoes of colour, flavour in north India” »
Tomato inflation: The wholesale price of the tomatoes for the first-grade variety stood above Rs. 100 per kg in many parts of India by the last week of June The sudden and rapid fall in the quantity of tomatoes brought to various mandis across India in the last week of June created a demand-supply mismatch….
Read More “Data | Retail price of tomatoes more than ₹100 a kilogramme in over 50 cities” »
Image used for representative purpose only. | Photo Credit: K.V.S. Giri India has the highest tariffs on inputs in electronic segment among competing economies such as Vietnam and Thailand, ICEA said on July 6 citing its latest study as the industry body made a strong pitch for reduction in tariffs. The high tariffs impact competitiveness,…
“India needs to watch FDI data closely and continue to take measures to facilitate FDI inflows.” | Photo Credit: V. Sudershan The Finance Ministry has made a strong pitch for measures to facilitate Foreign Direct Investment (FDI) flows, that dipped last year and may remain subdued in coming months, mooting greater attention from policymakers to…
Read More “Finance Ministry pushes for reforms to spur FDI inflows” »
