-The Hindu Slowdown in consumer durables hits August manufacturing ; retail inflation rises to 3.77% in Sept. New Delhi: Industrial production slowed to a 10-month low of 4.3% in August, due in large part to a drastic deceleration in the manufacturing, mining, and consumer durables sectors, according to official data released on Friday. The Index of Industrial Production (IIP) slowed in August from its growth rate of 6.61% in July. Within the index,...
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SC to RBI: Reply to plea over banks not passing on rate cuts -Dhananjay Mahapatra
-The Times of India NEW DELHI: The Supreme Court asked the Reserve Bank of India on Monday to break its 10-month silence and reveal its decision on complaints that banks do not reduce floating interest rates on existing loans for buying homes, vehicles or consumer durables proportionate to its repo rate cuts (rate at which RBI lends money to banks). Petitioner ‘MoneyLife Foundation’ told the court that it wrote to RBI last...
More »Tapping the N-E's organic farming potential -TV Jayan
-The Hindu Business line India’s North-East, comprising eight States, is largely unspoilt by modern agricultural practices, which involve heavy use of agro-chemicals and chemical fertilisers. For this precise reason, the region is a natural choice for promoting organic farming in the country. Sikkim, the first organic State in India, has already shown the way for the other States in the region. According to the estimates available with the Agricultural and Processed...
More »Why organic farming is yet to bear fruit -T Ramakrishnan
-The Hindu Despite concerted efforts to promote this alternative system of food production, a majority of agriculturists are yet to jump on the organic bandwagon, as factors such as costs, land size and viability remain sticking points Chennai: Nearly 25 years ago, an event held at the American Center Auditorium in Chennai on the topic of the Green Revolution witnessed a lively debate on the merits and demerits of organic farming and...
More »As consumers Reel from High Fuel Prices, OMCs Make a Killing Off Inventory Gains -Noor Mohammad
-TheWire.in Indian Oil, BPCL and HPCL together made inventory gains of over Rs 12,000 crore in the April-June 2018 quarter alone as the price of crude rallied. New Delhi: Indian consumers of petrol and diesel may be reeling under high prices but oil marketing companies (OMCs) and the government are having a great time. The three state-owned companies – Indian Oil, BPCL and HPCL – together made inventory gains of over Rs 12,000...
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