-The Hindu Business Line Stagnation in the area under cultivation and marginal growth in yields have capped domestic output growth, says a report Mangaluru: Even while the import-dependent edible oils market in India has been affected by geopolitical factors, the domestic production of oilseeds remains below the global average. The compounded annual growth rate (CAGR) of oilseeds production in India has remained at 1.94 per cent between 2011-12 and 2020-21, as against global...
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Why India’s trade deficit rose to a record high in June -MG Arun
-IndiaToday.in Higher import values of crude and petroleum products, coal, coke and electronic goods have contributed to the rise India’s trade deficit—the difference between the value of its Imports and exports—rose to a record $25.6 billion this June (about Rs 2 lakh crore), almost three times the figure for the same month last year ($9.61 billion, or about Rs 76,000 crore). The spike was primarily driven by the import cost of petroleum,...
More »Govt to come out with second PLI scheme for textiles: Goyal -Dilasha Seth
-Livemint.com Move aims to give further boost to manufacturing and exports of apparel, commerce and industry minister Piyush Goyal said at an industry event on Saturday COIMBATORE: The Union government is set to come out with a second production linked scheme (PLI) for the textiles sector, to give further boost to manufacturing and exports of apparel, commerce and industry minister Piyush Goyal said at an industry event on Saturday. On possibility of extension...
More »Are we choosing the right solutions for reducing GHG emissions from the transport sector?
The transport sector is important for the smooth functioning of an economy. The supply chains for various products and by-products (both domestically as well as internationally) can work efficiently only if the transportation of raw materials and inputs, and final goods and commodities takes place without disruption. Due to economic growth, India’s annual CO2 (i.e., carbon dioxide) emission has expanded from 1.19 billion tonnes in 2005 to 2.44 billion tonnes...
More »India considers wheat exports to 5 nations, diplomatic efforts pick up -Ravi Dutta Mishra
-Livemint.com Following the export ban, India has received requests from Indonesia, Oman, UAE, Bangladesh and Yemen The government has received requests for wheat supplies from at least five countries including Indonesia, one of the world’s largest importers of the grain, and Bangladesh after India banned wheat exports last month, a government official said. While banning wheat exports amid spiralling global prices on 13 May, India kept open the option of government-to-government (G2G) supplies...
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