Wheat prices have risen on international markets following India’s announcement of a restriction on exports of the basic commodity, as well as lower production prospects in Ukraine following Russia’s invasion, according to the UN food agency. In May 2022, the Food and Agriculture Organization’s (FAO) Price Index averaged 157.4 points,Read More →
According to an industry analysis released on Tuesday, India and Southeast Asia would worsen their emission profile as crude steel production develops through the Blast Furnace (BF) and Basic Oxygen Furnace (BOF) routes. India has set a goal of producing 300 million tonnes by 2030-31 when local demand is likelyRead More →
Egypt, one of the world’s largest wheat importers, is seeking alternatives to Black Sea grain shipments, which are being disrupted by Russia’s invasion of Ukraine, two of Egypt’s key wheat suppliers. “We have agreed to acquire half a million tonnes from India,” Moselhy said during a press briefing onRead More →
The Union finance ministry announced on Wednesday that the States owed Rs 78,704 crore in compensation in lieu of goods and services tax (GST) for the financial year 2021-22 (FY22), which is equivalent to four months’ compensation. It also said that all dues for FY21 had been paid. It hasRead More →
Noting that reporting energy payments by India is not sanctioned, the White House said New Delhi’s imports of Russian energy represent only one to two percent of its total energy imports. The White House also reiterated that it is not in India’s interest to increase its import of energy fromRead More →
India has cut coal supplies to the non-power sector and put on hold plans to increase the number of fuel auctions for utilities due to a slump in inventories at state government-owned utilities even as demand for electricity surges. The supply cuts come months after India’s most crippling coal shortageRead More →
The Goa government has said it will provide three cooking gas cylinders free of cost to households in the coastal state, as promised by the BJP in its election manifesto. Chief Minister Pramod Sawant announced on Monday after chairing the first meeting of the new cabinet, comprising him and eightRead More →
The prices of 19 kg commercial LPG cylinders have been increased by Rs 105 in Delhi from March 1. Following the price hike, the 19 kg commercial cylinder will cost Rs 2,012 in the national capital from Tuesday. The price of a 5 kg cylinder has also been increased by RsRead More →
By Administrator_India Capital Sands Road Transport and Highways Minister Nitin Gadkari said private sector investment in road construction in 2020-21 and 2019-20 was Rs 12,475.53 crore and Rs 21,925.98 crore, respectively Private sector investment in road construction till November this financial year stood at Rs 15,164.25 crore, Parliament was informed onRead More →
By Administrator_India Capital Sands Asian stocks followed Wall Street higher on Thursday after the U.S. Federal Reserve said it would end bond-buying stimulus in March to set up three interest rate increases next year to tackle heated inflation. Bond yields rose while the dollar stabilized after slumping overnight as havensRead More →