The Indian government should make it compulsory for sugar mills to export at least 7 million tonnes of sugar in the 2018/19 marketing year as the country is set to harvest a record crop in the season, the head of a leading trade body said on Wednesday."We have requested the government to make exports mandatory," said Abinash Verma, director general of the Indian Sugar Mills Association (ISMA) said.The country will start the new season next month with carry forward stocks of between 10 million and 10.5 million tonnes, Verma said. The minimum sugar selling price should be raised to Rs 3,600 per 100 kg from existing Rs 2,900, he said.LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE. … [Read more...] about India needs to make 7 million tonnes sugar exports mandatory: Trade body head
Minimum wages
India’s overall steel trade balance may improve on weak Rupee: ICRA
Sharp depreciation in the rupee is likely to help the domestic steel industry lower imports and boost exports in the coming months, which in turn may improve the country's overall steel trade balance, a report said.The weaker rupee is also likely to translate to higher landed cost of steel imports, which in turn should support domestic prices, rating agency Icra said in its report.The domestic currency's unabated fall continued for the sixth straight session Wednesday, hitting yet another closing low of 71.75, down 17 paise against the US currency as surging oil prices and weak trend in emerging market currencies weighed on sentiments.Close Icra noted that in the first quarter of FY19, steel exports dropped by over 33 percent, whereas imports grew by over 11 percent, and consequently the country turned a net steel importer, after having been a net exporter for the last two years. related news PM Narendra Modi arrives in Kanpur to chair first meeting of National Ganga Council … [Read more...] about India’s overall steel trade balance may improve on weak Rupee: ICRA
Kashmir remains cut-off from rest of country as heavy snowfall continues
The Kashmir valley remained cut-off from the rest of the country for the third consecutive day on December 14 as the Srinagar-Jammu national highway was closed and flight operations here continued to be affected due to fresh snowfall, officials said.The Srinagar-Jammu national highway was closed for traffic for the third consecutive day on Decemebr 14 due to bad weather, a Traffic Department official said.He said the highway was closed for traffic on Thursday evening after heavy snowfall around the Jawahar Tunnel -- the gateway to the Kashmir Valley.Close Efforts were on to clear the highway for traffic, the official added. related news J&K making headways towards attracting investment: Murmu Imran Khan asks international community to press India to lift Kashmir restrictions SC commences hearing on pleas challenging abrogation of Article 370 The air traffic to the valley remained suspended for the eight consecutive day on Saturday due to bad weather, an Airports … [Read more...] about Kashmir remains cut-off from rest of country as heavy snowfall continues
At 49.7 deg C, Churu hottest in Rajasthan
Normal life was thrown out of gear due to intense heat wave conditions prevailing in parts of Rajasthan with Churu recording a maximum temperature of 49.7 degrees Celsius, an official from the MeT department here said.Sriganganagar recorded a high of 49.1 degrees Celsius followed by 47.7 degrees Celsius in Bikaner, 46.7 degrees Celsius in Jaisalmer, 46.1 degrees Celsius in Pilani, 45.3 degrees Celsius each in Jaipur and Kota, 44.7 degrees Celsius in Ajmer, 44.1 degrees Celsius in Barmer, 43.1 degrees Celsius in Jodhpur and 40.8 degrees Celsius in Dabok, he said.Roads in Jaipur wore a deserted look with the maximum temperature registering a rise of four degrees Celsius compared to yesterday, he said.Close The minimum temperature was recorded in between 28 and 32.4 degrees Celsius in most of the cities of the state.LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals … [Read more...] about At 49.7 deg C, Churu hottest in Rajasthan
Tea growers feel pinch of Assam protests, fear less production, sales
Tea growers in Assam have started feeling the pinch of the ongoing protests with partial disruption in production at many gardens and sale of the crop at the Guwahati auction centre being hampered, industry insiders said on Saturday.Transportation of the produce has also been affected due to the ongoing stir, they said."Though winter months are not the peak season, plucking and manufacturing operations in many gardens across the state have been affected amid widespread protest," North Eastern Tea Association adviser Bidyananda Barkakoty told PTI.Close Compared to last few years, the weather condition was favourable during this December and the growers were able to produce relatively better quality tea but operations at several estates have been adversely affected by the protests, he added. related news Mamata warns of strict action amid vandalism across Bengal over citizenship law Himachal Pradesh fiscal deficit at Rs 3,870cr in FY18: CAG "During Tuesday's shutdown, gardens … [Read more...] about Tea growers feel pinch of Assam protests, fear less production, sales