-PTI/ The Hindu Business Line Registration certificates of wheat to exporters having valid letter of credit The commerce ministry's arm Directorate General of Foreign Trade (DGFT) has issued registration certificates for about 1.6 million tonne of wheat to exporters having valid letter of credit, after the ban order of May 13, an official said. The government is allowing wheat shipments for which irrevocable letters of credit (L/C) were issued on or before May...
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Contract farming is yet to make a mark in Punjab; here is why -Nivedita Sharma and Gurpreet Singh
-Down to Earth Suitable policies need to be in place in order to enhance the prospects for contract farming in the state A 52-year-old, better-off farmer from Sehjo Majra in Ludhiana district of Punjab has been practising contract farming for more than 20 years. This farmer contracts with four companies — Pepsico Pvt Ltd, Pagro Foods Ltd, Fieldfresh Foods Pvt Ltd and Sungro Seeds Pvt Ltd. However, his longest association has been with...
More »Over a fourth of MSMEs lost more than 3% market share last fiscal: Crisil -Subhash Narayan
-Livemint.com While the industry Ebitda margin is expected to touch pre-pandemic level this fiscal, MSMEs in more than half the sectors will buck the trend. The performance is also underwhelming in the context of corporate India, which is expected to log a 10-14% increase in revenue and Ebitda margin of 19-20% NEW DELHI: More than a quarter of India’s micro, small and medium enterprises (MSMEs) lost over 3% market share due to...
More »More than a quarter of MSMEs lost market share due to pandemic
-The Hindu Business Line Half of them suffered a contraction in their EBITDA margins because of a sharp rise in commodity prices More than a quarter of India’s micro, small and medium enterprises (MSMEs) lost a market share of over 3 per cent due to the Covid-19 pandemic, according to CRISIL Research’s SME Report 2022. Please click here to read more. ...
More »Urea prices go down by up to 45 per cent in global market due to fall in demand -Harvir Singh
-RuralVoice.in Urea prices, which had gone up to as high as nearly $1,000 per tonne, have come down to $550 per tonne. Besides, the price of ammonia, the raw material for urea, has also decreased from $1,100 per tonne to $850 per tonne. India had to buy urea at up to $980 per tonne due to the high prices. It seems the government may get some relief on the subsidy front that...
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