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 withdrew a tax benefit on the export of cement, a day after the government said producers of the building material are entitled to the incentive. The tax break allows duty-free imports of raw materials equivalent to the value of exports, under a system called the duty entitlement pass book …
India is facing growing pressure from African countries to exempt them from export ban on rice implemented by New Delhi to curb domestic food price inflation. The pressure illustrates how efforts by large producers such as India to control a sharp rise in food costs are hurting poor nations and …
Government is believed to have decided to impose 15% export duty on iron ore, used for making steel, which has seen a 50% increase in prices since January, thereby fuelling inflation. The decision was taken at the meeting of the Committee of Secretaries (CoS) on May 30, a highly placed …
THE Union government is "looking into" the issue of banning iron ore exports as demanded by the steel makers, Steel Secretary R S Pandey said today. "The issue was being looked into by the government," Pandey told reporters on the sidelines of a function here. Expressing concern over lagging steel …
South Indian rice varieties, which the government intended to promote in overseas markets, have fallen prey to the export ban on non-basmati rice, traders and industry officials said. The government had accorded geographical indications (GI) status to two rice varieties from Kerala
JSW Steel Not To Export This Fiscal; Essar & Ispat Look To Reduce HRC Shipments By 60% STEELMAKERS have decided to cut down exports significantly in the wake of the 15% export duty imposed on hot rolled coils (HRCs). While JSW Steel has decided not to export at all this …
THE government has decided to drop plans of importing wheat in view of the record local procurement that has put the country in a very comfortable position compared to the last two years. This was a key decision of a meeting of a group of ministers (GoM) on food grains …
India will review bans on exports of wheat and basmati rice, but shipments of other grades of rice will not be allowed at least until November, Union Agriculture Minister Sharad Pawar said. India last exported wheat in the 2003-04 fiscal year and became an importer in the past two years, …
The surplus foodgrain production in the country could open new vistas for exporters, in the wake of a global shortage in food grains. With the food production in the country exceeding the estimates, the government could review lifting the ban on exports. An indication to this effect was given by …
The government on Thursday decided to empower the agriculture export promotion agency(AEPA) to protect India's farm and horticulture products like Basmati rice from anyone patenting them anywhere in the world. The cabinet has approved an amendment in the Agricultural and Processed Food Products Export Development Authority Act (Apeda), which would …
Two years after the un Security Council lifted sanctions on timber exports from Liberia, the government has resumed logging saying that it has fulfilled all measures asked by the un. The council banned exports of Liberian timber in 2003 after determining that proceeds from the industry were being used to …
in the first week of April, thousands of people stormed the presidential palace in Haiti, throwing stones and demanding the resignation of President Rene Preval over soaring food prices. In reasonably prosperous Malaysia, the ruling coalition was nearly ousted by voters who cited food and fuel price increases as their …
Government is considering to withdraw the export duty on steel that it had notified on May 10, after a request towards this end has come from the steel ministry. Steel secretary RS Pandey said the demand of the steel producers on rolling back the export duty is under consideration and …
India and Vietnam have indicated that their independent restrictions on the export of certain varieties of rice are "temporary, short-term management tools that they need for their own particular situations,' according to the Association of South East Asian Nations Secretary General, Surin Pitsuwan. India, a major dialogue partner of the …
It may be counter-intuitive to argue that oil prices will climb during a year in which most of the leading economies are slowing down. Yet, global oil prices have been climbing sharply, hitting a new high of $122 per barrel on Tuesday. What is worse, the trend of price forecasts …
Rajya Sabha MP Naresh Gujral today said farmers across the country, especially in Punjab, suffered a setback due to the decision of the Union government to withdraw incentives given under a scheme for export of skimmed milk, ghee and other dairy products. The Union government had extended the incentive schemes …
The Asian Development Bank on Tuesday criticised rice export bans, saying governments should instead resort to fiscal measures to help the poor, as prices of the staple continued to climb. While Indonesia promised more support to its farmers to encourage them to sell their produce to the government, signs China …
Government has withdrawn incentives given under various schemes for exports of skimmed milk and other dairy products, a move aimed to boost supplies in the domestic market and contain high inflation rate. Benefits provided under vishesh krishi and gram udyog yojana (VKGUY), focus market scheme and duty entitlement pass book …
