Exports

Senegal as an LNG exporter? stranded asset risks in the transition

Since the discovery of large offshore oil and gas reserves in 2014, Senegal has set its hopes on fossil fuel export revenue to help fund its plans to become an emerging economy by 2035. Senegal is actively seeking investors to help develop its offshore oil and gas reserves – both …

India's Goa state suspends mining over scam

Mines in the western Indian state of Goa were ordered to close on Tuesday after a government-backed inquiry estimated illegal trade in iron ore had cost more than $6.0 billion in five years. The state Mines and Geology department directed in a notice that all mines suspend their operations until …

Illegal transport of ore: Proceedings start today

The Supreme Court will start proceedings in the case against some companies involved in the illegal transportation and export of iron and manganese ore from Belekeri Port near Karwar on Friday. Founder chairman of National Committee for Protection of Natural Resources (NCPNR) S R Hiremath stated that during the proceedings, …

Supreme court order of illegal extraction of about 50.79 lakh MT of iron ore from the forest areas of Karnataka dated 07/09/2012

Supreme court order of illegal extraction of about 50.79 lakh MT of iron ore from the forest areas of Karnataka during the period January 1, 2009 to May 31, 2010, the illegal transport of the aforesaid quantity of iron ore from the area(s) of extraction to Belekeri Port and from …

Central Empowered Committee report (supplementary) dated 5th September, 2012 of the CEC regarding alleged illegal export of iron ore from Belekeri port and associated issues

Central Empowered Committee report (supplementary) dated 5th September, 2012 of the CEC regarding alleged illegal export of iron ore from Belekeri port and associated issues.

DoE slaps Tk 37 lakh fine on a leather factory

The Department of Environment yesterday penalised the owner of an illegal leather gloves factory in Ashulia with a Tk 37 lakh fine. Huiju Beijing Gloves Co Ltd, owned by a Hong Kong national, has been in full operation for the past one year without having obtained the necessary environmental clearance …

World food prices jump 10% in July: World Bank

Urges govts to shore up programs to protect their most vulnerable populations World food prices jumped 10 percent in July as drought parched crop lands in the United States and Eastern Europe, the World Bank said in a statement urging governments to shore up programs that protect their most vulnerable …

MP to export 2 lakh MT wheat to Iran

Madhya Pradesh is all set to export close to 2 lakh MT tonne of wheat to Iran. The Food Corporation of India has twice tested the samples of wheat from the state at its laboratory in Karnal and has given the go-ahead. The samples had been sent to Karnal after …

SC raps Karnataka for illegal iron ore export

Seeking a probe into illegalities in mining and export, the Supreme Court Thursday censured the Karnataka government for failure to check illegal export of iron ore from Belekeri port. A bench led by Justice Aftab Alam also indicated that it may direct a CBI probe into the illegal export of …

Supreme Court may order CBI probe into Belekeri ore export

The Supreme Court on Thursday pulled up the Karnataka government for its failure to check large-scale illegal export of iron ore from Belekeri port in Karwar district. A three-judge Bench headed by Justice Aftab Alam also indicated that it may direct CBI probe into the illegal export of 35 lakh …

Price Wars Seen Hurting Solar Sector in China

China’s solar panel manufacturers, who dominate global sales with a two-thirds market share, are confronting growing trade and financial problems, a Chinese industry official acknowledged Tuesday, shortly before one of the industry’s largest companies, Trina Solar, announced weak results for the second quarter. The Chinese manufacturers “face challenges of decreasing …

Govt plans SEZ booster dose to revive exports

Even as initial data for the first quarter of this fiscal shows a pick-up of sorts in exports from India’s SEZs (special economic zones), coming in the wake of lacklustre performances in the previous two financial years, the government is betting on a slew of booster doses slated to be …

Stamp duty: A third of mines on the verge of closure in Goa

Over a third of operating mines in Goa are set to be closed due to a recent decision by the state government to levy a 15 per cent upfront stamp duty on the royalty paid by them. There are only 97 mines currently in operation out of 337 registered with …

Shrimp farmers suffering

TAMLUK: The economy of East Midnapore district could be in trouble, since it is heavily dependent upon the cultivation of Bagda prawns, a product for which there is dwindling demand. In the last month, at least five struggling Bagda prawn growers who had taken out loans they could not repay …

US opens coal gate for India

New Delhi American firms woo Indian buyers with long-term contracts, discounts The US is emerging as a new source of coal supply for India as traditional exporters like Indonesia and Australia jack up their coal prices. American firms are trying to woo Indian buyers with offers of long-term contracts and …

IT to rescue Goa from illegal mining

Plagued with rampant illegal mining, the Goa government has decided to implement an information technology-based system to prevent its valuable resource being exported illegally and evading royalty. The draft mining policy, tabled on the floor of the House during the recently concluded state Assembly session, has assured a 'Mines Management …

The European Union regulation on IUU fishing: Impact on developing countries

The European Union Council Regulation on illegal, unreported and unregulated fishing states that, exports of fish and fishery products from those countries which do not comply with its articles would be rejected by the EU from 1 January 2010 onwards. Since the EU is the major seafood market for developing …

Mining draft: Rs 3,500 crore scam during Kamat’s tenure

PANJIM: The Public Accounts Committee (PAC) report on mining, which was not accepted by former Speaker Pratapsing Rane of the previous Goa Assembly, has been quoted in the new draft State Mining Policy 2012, which states that the delay in the policy has resulted in haphazard mining, resulting in a …

Looming bauxite supply concerns for aluminium makers

The global demand for bauxite, from which the aluminium smelter feedstock alumina is derived, is likely to rise at an annual rate of 6.9 per cent from 220 million tonnes (mt) in 2011 to 750 mt in 2030. The world is richly endowed with bauxite mineral, distributed across all continents. …

Narratives and myths in the WTO Doha round - The way forward?

The World Trade Organisation's Doha round of negotiations has been at an impasse since December 2008. Several academics and opinion-makers have recently argued that the Doha round is "dead". This article discusses the US narrative on the reasons for the impasse and the way forward. It contrasts this narrative with …

India manufacturing growth at 8-month low in July: PMI survey

India's manufacturing activities expanded last month at the slowest pace in eight months, shows the HSBC Purchasing Managers’ Index (PMI). The index fell sharply to 52.9 points in July against 55 points in June. Before that, PMI was lower in November 2011, when it was at 51 points. A reading …

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