Loading...
| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102140) | |
23271. Farm exports up 16.88 per cent in Apr-Feb FY21
- India exported agricultural commodities worth Rs 2.74 lakh crore till February of the 2020-21 fiscal, up by 16.88 per cent from Rs 2.31 lakh crore in the year-ago period, notwithstanding the pandemic, the agriculture ministry said.
- Imports of agriculture and allied commodities increased by 3 per cent to Rs 1,41,034 crore during April-February period of 2020-21 from 1,37,014 crore in the year-ago period.
- Despite COVID-19, balance of trade in agriculture has favourably increased to Rs 1,32,579.69 crore from Rs 93,907.76 crore in the said period.
- Among agri-commodities exported, wheat shipments rose in terms of value to Rs 3,283 crore in April-February from Rs 425 crore in the year-ago period.
Click here to find 860 similar incidents of Bharat Economic Growth -> Increasing Exports
23272. India saved over Rs 30,000 cr despite rising petro product imports in FY21
- India has saved over Rs 30,000 crore despite a firming up of petroleum product imports largely due to a fall in international hydrocarbon prices during 2020-21.
- According to official data, the country imported finished petroleum products worth Rs 1,50,176.31 crore from April 2020 to February 2021.
- The value of finished petroleum product imports during the same period of 2019-20 stood at Rs 1,81,681.69 crore. It is expected that this saving will only grow as the data for March 2021 is released.
Click here to find 7 similar incidents of -> Decreasing Petrochemicals
23273. India’s exports in April rise 197 per cent with growth across sectors
- Riding on a sharp growth in exports of gems and jewellery, engineering goods and petroleum products, India’s goods exports in April 2021 shot 197.03 per cent to $30.21 billion compared to April 2020 when exports had plunged due to the national lockdown and halt in manufacturing to check the Covid-19 pandemic.
- Goods imports in April 2021 increased 165.99 per cent to $45.45 billion, widening trade deficit to $15.24 billion during the month which was 120.34 per cent higher than the deficit in the same month last year, per early estimates released by the Commerce & Industry Ministry on Sunday.
- All major commodities have posted growth in export during April 2021 compared to April 2020, including gems and jewellery (9158.63 per cent), jute products (1556.39 per cent), carpet (1351.48 per cent), leather and leather manufactures (1168.96 per cent), readymade garments (920.52 per cent), cotton yarn/fabrics (616.6 per cent), electronic goods (362.86 per cent), mica, coal and other ores, minerals including process (234.63 per cent), engineering goods (234.63 per cent), tobacco (183.86 per cent), iron ore (175.15 per cent ) and petroleum products (171.11 per cent).
Click here to find 860 similar incidents of Bharat Economic Growth -> Increasing Exports
23274. Exports rise 80% to $7 bn during first week of May: Commerce Ministry
- Continuing a positive growth, India's exports grew by 80 per cent to USD 7.04 billion during the first week of this month, according to preliminary data of the commerce ministry.
- Major export commodities which are recording healthy growth include gems and jewellery, jute, carpet, handicrafts, leather, electronic goods, oil meals, cashew, engineering, petroleum products, marine products and chemicals.
- Major export commodities which are recording healthy growth include gems and jewellery, jute, carpet, handicrafts, leather, electronic goods, oil meals, cashew, engineering, petroleum products, marine products and chemicals.
Click here to find 860 similar incidents of Bharat Economic Growth -> Increasing Exports
23275. SSWL gains on bagging export orders
- Steel Strips Wheels (SSWL) rose 1.08% to Rs 766.15 after the company said it received new orders worth over $7.25 million (Rs 54 crore) from US and Europe.
- The company said that it had received export orders of over 525,000 wheels for US & EU caravan trailer market, US mobile home and US truck trailer market.
- SSWL is engaged in the manufacturing of steel wheel rims catering to different segments of automobile industry. The firm operates in automotive wheels segment. Its geographical segments include India and overseas.
- The company reported a net profit of Rs 44.55 crore in Q4 FY21 compared with net loss of Rs 5.24 crore in Q4 FY20. Revenue from operations increased by 80.8% year-on-year (YoY) to Rs 699.87 crore during the quarter.
Click here to find 860 similar incidents of Bharat Economic Growth -> Increasing Exports
23276. India's sugar exports on good course; contracts over 50 lakh tonnes so far
- Indian sugar mills may achieve their target of exporting 6 million tonnes of the sweetener by the end of June, three months before September, when the 2020-21 season ends. The surge in exports is mainly due to firm global prices and subsidy, which have made the overseas markets lucrative.
- The government provides a subsidy of ₹5.83 on every kg of sugar exported up to 6 million tonnes. The subsidy amount is transferred directly to the farmers’ accounts. Exports will help mills settle dues they owe sugarcane farmers, which is now coming down progressively from ₹21,200 crore, officials said. A drop in output in Brazil and Thailand, the top sugar-producing countries, is helping India.
- The government is also encouraging sugar mills to divert excess sugar and sugarcane for the production of ethanol, which is blended with petrol. This is a step towards improving the liquidity position of sugar mills, which are grappling with a cash crunch. India’s sugar production has risen almost 16% to 29.91 million tonnes in the October-April period from 25.8 million tonnes a year earlier.
Click here to find 860 similar incidents of Bharat Economic Growth -> Increasing Exports
23277. Non-basmati rice exports surge in FY21 due to global demand, savvy pricing
- Amid the gloom surrounding the India economy due to the second Covid-19 wave, one area that has done commendably well in the farm sector is the export of non-basmati rice.
- While basmati exports have traditionally been India’s forte, of late the non-basmati varieties have also picked up and financial year 2020-21 has been a stellar one for them. Data sourced from the department of commerce shows that in FY21, non-basmati rice exports totaled around $4800 million, up 136.11 per cent over the same period last year.
- India responded quickly to opportunities thrown up by the pandemic, and the hiccups faced by competing nations to put up a sterling performance in non-basmati shipments abroad.
Click here to find 860 similar incidents of Bharat Economic Growth -> Increasing Exports
23278. India integrates variable renewable energy using Automatic Generation Control
- This AGC project would further help in achieving the government’s ambitious target of 500 GW non-fossil fuel-based generation capacity by 2030, the Minister said.
- The AGC Project has so far made operational 51 GegaWatt of generation capacity in all the five regional grids that would ensure high quality stabilized frequency power to the grid.
- “On the country’s march towards achieving the renewable energy capacity of 175 GW in 2022, we have achieved an installed capacity of 150 GW of renewable energy, including large hydro projects. 63 GW of renewable energy capacity are under various phases of installation, which is expected to be completed by next year,” the Minister said.
Click here to find 1469 similar incidents of Bharat Economic Growth -> Bharat Economic Growth
23279. COP 26: INDIA’S COMMITMENT TOWARDS BECOMING NET-ZERO
- A global summit, where countries reassessed their climate promises made under the 2015 Paris Agreement and disclosed commitments. India took a lead and committed to cut GHG emissions by half by 2030 and achieve “net-zero” status by 2070
- India has also declared that by 2030, it would have installed renewable energy (RE) capacity of 500 gigawatts (GW), accounting for half of its total energy demand. The transition from fossil-fuel-based energy to renewable energy will not only aid in the decarbonisation of the energy industry and market, but it also aids in the reduction of Green House Gases (GHG) emission.
- It is expected that by 2040, renewable energy will account for around 49% of total power generation as more effective batteries are utilised to store electricity, lowering the cost of solar energy by 66% compared to today’s cost. According to a study conducted by the Central Electricity Authority (CEA), renewable energy generation would expand from 18 percent to 44 percent by 2029-30, while that of thermal power is expected to reduce from 78% to 52%.
23280. Small tea growers, manufacturers join hands to raise quality of 'Assam Tea'
- The Assam Small Tea Growers’ Association (ASTGA) and the All Assam Bought Tea Leaf Manufacturing Association (AABTLMA) have joined hands to conduct workshops to raise the quality of ‘Assam Tea’.
- Of late, gossip goes in various tea forums regarding the fall in the quality of 'Assam Tea'. The green leaves of the small tea growers produce 52 per cent of the total tea produced in the state. The small tea gardens provide job opportunities to around 15 lakh people in the state, directly or indirectly.
- The bought tea leaf manufacturers have extended a helping hand to train small tea growers through workshops. We are holding workshops district wise. Our motto is to produce the best quality tea to make the 'Assam Tea' get its respectable position in the international market. It will ensure remunerative prices for the small tea growers as well."