The Department of Food and Public Distribution (DFPD) in India has lauded the Government’s prompt actions, leading to a substantial availability of sugar at reasonable prices across the country. While speaking to ANI, Secretary of DFPD, Sanjeev Chopra informed that as the current Sugar Season (Oct-Sep) 2022-23 approaches its end on 30 September 2023, India […]
Sugar output in Maharashtra, India’s top producing state, is likely to fall 14 per cent in the 2023-24 crop year to its lowest in four years due to lower cane yields following the driest August in more than a century, industry and government officials told Reuters on Wednesday. The reduced output could add to food […]
Centre has reportedly imposed a 20 per cent export duty on parboiled rice as the paddy production is under a cloud due to excess rains in Punjab and Haryana and deficient showers in east India. According to the report, the move was aimed at maintaining adequate local stock and keeping the check under domestic prices. […]
India’s overall oilmeal exports rose 19 per cent on a yearly basis during the first quarter of the financial year 2023-2024 to 1.21 million tonne, according to the Solvent Extractors’ Association of India (SEA) data. In June, exports were, however, 35 per cent lower. In the same quarter of 2022, the total oilmeal exports were […]
Union Minister for Textiles Piyush on Wednesday discussed the roadmap to achieve the target of USD 250 billion in textiles production and USD 100 billion in exports by 2030. While interacting with the officers and staff during the Chintan Shivir organised by the Ministry of Textiles, Goyal emphasised on a holistic approach towards making the […]
The Steel Authority of India Limited (SAIL) has achieved record-breaking performance in the first quarter of the current financial year 2023-24 – both in terms of production and sales. The production of hot metal, crude steel, and saleable steel of 5.037 million tonnes (MT), 4.667 MT, and 4.405 MT, respectively, marked the best-ever first-quarter results, […]
Hyundai Motor Company aims to boost its annual electric vehicle sales to 2 million units by 2030, against its earlier target of 1.87 million, in line with rising global demands. Considering that the proportion of global EV production is set to increase from 8 per cent this year to 34 per cent in 2030, the […]
India’s smartphone exports more than quadrupled to USD 11.1 billion (approximately Rs 91,000 crore) in 2022-23 (FY23) from USD 5.48 billion (Rs 45,000 crore) the previous year, according to figures from the India Cellular and Electronics Association (ICEA). “With the doubling of smartphone exports to over Rs 90,000 crore, India is well on its way […]
