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 …
Striking against rising global protectionism, India has dragged both Turkey and Egypt to the World Trade Organisation for imposing special import duties on Indian cotton yarn, lowering competitiveness in these markets. New Delhi has been criticising Turkey for violating WTO norms at several forums of the WTO for the past …
Market cheers to news as shares of India’s 3rd largest drug maker rise 4%. Shares of Sun Pharma, India’s third largest drug maker, rose 4% on Wednesday after the US drug regulator said it will import generic version of the cancer drug Lipidox from Sun Pharma to meet a supply …
Iran has halted oil shipments to Britain and France, the Oil Ministry said Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on Iran’s crucial fuel exports. The EU imposed tough sanctions against Iran last month, which included a freeze of the country’s central …
India produces about 26 million g of organic tea and 80 per cent of this is exported to Germany, the UK and the US. Nuremberg (Germany), Feb. 19: The Tea Board has set up three model farms in India on 100 acres each to develop a standard package for cultivation …
Iran ordered a halt to its oil sales to Britain and France on Sunday in a move seen as retaliation against tightening EU sanctions, as a team of U.N. inspectors flew to Tehran to press the Islamic Republic over its disputed nuclear programme. The European Union enraged Tehran last month …
Farm policy in the United States has crucial implications for world agricultural markets as the us is a major producer and exporter of many agricultural commodities. This study analyses the economic effects of various farm programmes, as enacted in various Farm Acts. The analysis shows that most of the domestic …
New Delhi India is weighing plans to route sales of iron ore through a firm, the latest of several steps aimed at curbing illegal mining as the country struggles to shape a lasting policy balancing exports against the conservation of resources. At stake is how the world’s third-biggest supplier will …
A steel ministry sponsored task force has asked the Centre to adopt a “selective trade policy” in the impending 12th Plan period by specifically excluding steel during negotiations with nations having a formidable steel industry of their own. The prospects of the domestic steel industry can be jeopardised if the …
Indian aquaculture farms are upbeat about the rising prospects of farmed shrimps in the overseas market. Both the black tiger and vannamei varieties from India have been going at a premium in the foreign market, particularly in Southeast Asia. A shortage of shrimps in countries like Thailand, Vietnam, Japan and …
Iran is seeking to close grain purchases using gold and oil as payment, and has paid yen for a large volume of wheat as it steps up efforts to beat sanctions that had started to choke imports of food staples, European wheat exporters said. Iran bought at least 2,00,000 tonnes …
The Federation of Indian Mineral Industries (Fimi) has suggested to the Government to take up feasibility study of underground mining in Karnataka's Western Ghats. In addition to 2.16 billion tonnes of haematite ore deposits in Karnataka, there is magnetite ore to the tune of 7.8 billion tonnes. “Fimi is ready …
In a decision that is likely to benefit rice farmers of West Bengal, an Empowered Group of Ministers headed by Finance Minister Pranab Mukherjee on Tuesday is learnt to have decided to allow foodgrain exports to Bangladesh through specified points across border. The decision is likely to benefit exporters by …
SHILLONG, Feb 2 – Assam’s world famous tea has propelled the State as the leader in terms of export from the Northeast during 2010-11. Assam exported goods worth Rs 476.59 crore during 2010-11. The State during the period imported goods worth Rs 34.55 crore. Assam was followed by Meghalaya with …
Oil prices rose modestly on Monday after the EU slapped an embargo on Iran's crude exports as part of tough new sanctions aimed at stopping Tehran from funding its disputed nuclear program. New York's main contract, West Texas Intermediate crude for March delivery gained $1.25 to $99.58 a barrel after …
Bajaj Lighting, the lighting division of Rs 2,700-crore Bajaj Electricals Ltd, is planning to supply compact fluorescent lamps (CFLs) to domestic lamp makers. The company is mulling utilising its excess production of CFLs of nearly one million (after having met the domestic demand and export requirements) for this purpose. CFLs …
In a move that the iron ore mining industry says is a throwback to inspector raj, the commerce and industry ministry has moved a Cabinet note proposing that exports of iron ore with over 55 per cent ferrous content be canalised through the state-owned trading company MMTC Ltd. MMTC will …
This article attempts to estimate how India’s trade in agricultural products will be affected by tariff reductions according to the tiered formula of the 2008 draft modalities in the Doha round of the World Trade Organisation. The estimates indicate that the reductions in agricultural tariff rates will lead to an …
The freeze on iron-ore exports has led to a diplomatic crisis of sorts. Foreign Secretary Ranjan Mathai has sent an SOS to Commerce Secretary Rahul Khullar suggesting that he send a team to Tokyo to promptly conclude talks on the LTA — Long Term Agreement that fixes ore prices for …
Tehran is considering a twofold increase in power exports to neighbouring Turkey after a new electricity transfer line between the two countries becomes operational. Iran is currently exporting about 230 kilovolt per day(kV/d) of electricity to Turkey and the new transfer line will increase that capacity to 400 kV/d. Iran …
