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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (101984) | |
23221. France's Alstom to deliver 14 more high-power locomotives to Indian Railways
- French mobility major Alstom will deliver 14 high-power locomotives to the Indian Railways from its Madhepura plant by end of this month. 76 locomotives already delivered to the Indian government. The company is also exploring options to export the locomotives from India to other markets.
- Ling Fang, senior vice president, Alstom Asia Pacific said the company is planning to deliver 90 more locomotives to the Indian Railways by the end of this month Madhepura Electric Locomotive Private Ltd is a joint venture between the Indian Railways and Alstom, and will supply 800 heavy haul locomotives of 12,000 horsepower capacity to the Indian Railways as per the contract signed in 2015.
- The 12,000 HP locomotives are capable of hauling 6,000 tonnes at a top speed of 120 kmph and will be utilised on the dedicated freight corridor being developed by the Indian Railways.
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23222. India’s tea export earnings drop 10%
- India’s tea export earnings in calendar 2020 have fallen by 10.08 per cent over 2019 despite a price rise because of a crash in the volume of shipment. According to the latest data available with the Tea Board, the average price of India’s tea in the export market rose to ₹ 248.55 a kg from ₹ 227.55 in 2019, marking a gain of 9.23 per cent.
- the higher price brought down the export orders. Besides, the Covid-led lockdowns in many countries, disturbances in the exchange market as also the banking transactions affected the purchase of tea in many countries.
- the volume shipped dropped to 207.58 million kg (mkg) from 252.15 mkg in 2019, marking a loss of 17.68 per cent. This lower volume pulled down the overall earnings from tea shipments to ₹ 5,159.46 crore from ₹ 5,737.66 crore in 2019, marking a decline of 10.08 per cent.
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23223. India reaches out to Chile for defence exports
- Indian private companies in the defence sector reached out to the Chilean defence sector through a webinar on Thursday (March 26, 2021) seeking opportunities for co-development and co-production in areas of mutual interests.
- In order to achieve the defence export target of USD 5 billion, by 2025, the Ministry of Defence is reaching out to friendly nations through webinars to showcase the various military platforms and other equipment for exports. The Indian mission based in the capital city of Santiago, Chile has been helping the Indian companies which are interested in exploring opportunities to register with the Chilean Armed Forces.
- So far companies including M/s BrahMos; M/s Goa Shipyard Ltd; M/s Azista Industries; and M/s Reliance Naval Engineering; are registered. And, the process of registration with Chilean Armed Forces of companies including Hindustan Aeronautics Limited (HAL), Ordnance Factory Board (OFB), New Space India Limited; Neo Power; and BEML is going on
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23224. India's coal import drops 14% to 196.13 million tonne in Apr-Feb FY21
- India's coal import dropped 13.6 per cent to 196.13 million tonne (MT) in the April-February period of the ongoing fiscal year. The country had imported 227.23 MT of coal in the year-ago period, according to a report by mjunction services
- mjunction -- a joint venture between Tata Steel and SAIL -- is a B2B e-commerce company and also publishes research reports on coal and steel verticals. "For April-February 2020-21, total coal and coke imports stood at 196.13 MT, about 13.69 per cent lower than 227.23 MT imported during April-February 2019-20," it said.
- Of the total imports in February, non-coking coal was at 9.07 MT, against 16.94 MT in the same month last year. Coking coal import was at 4.82 MT, as against 4.02 MT imported in February last fiscal. "The sharp decline in import volumes in February was due to a significant fall in thermal coal imports amid firm prices and high freight rates in the international markets.
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23225. TVS Motor Company's two-wheeler export clocks 100,000-unit milestone
- TVS Motor Company, a reputed two-wheeler and three-wheeler manufacturer, today announced that its two-wheeler exports clocked 100,000 units in March 2021.
- An increase in motorcycle sales in key markets across the globe has significantly contributed to this achievement.
- TVS Motor Company has a presence in over 60 countries in geographies across Africa, South East Asia, Indian Sub-Continent, Central & Latin America and is seeking to enter more markets in Europe and North America as well. The company's key export products include the TVS Apache, TVS HLX series, TVS Stryker series, etc.
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23226. भारत का कॉटन निर्यात 30 सितंबर तक 60 लाख गांठ तक होने की उम्मीद
- भारत ने कॉटन सीजन 2020-21 (अक्टूबर-सितंबर) के आरंभिक छह महीने में 42 लाख गांठ (एक गांठ में 170 किलो) कॉटन का निर्यात कर लिया है और 30 सितंबर तक निर्यात 60 लाख गांठ तक होने की उम्मीद की जा रही है।
- पड़ोसी मुल्क बांग्लादेश और चीन भारत से कॉटन के बड़े आयातक हैं। 31 मार्च तक देश से कॉटन का निर्यात 42 लाख गांठ के पार चला गया है और सीजन के आखिर तक 60 लाख गांठ तक का निर्यात होने की संभावना है क्योंकि पांच लाख गांठ निर्यात के अनुबंध पहले ही हो चुके हैं।
- भारत ने इस सीजन में सबसे ज्यादा कॉटन बांग्लादेश को बेचा है।
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23227. India's exports jump 58% to hit all-time high of $34 billion in March
- India’s merchandise exports witnessed a huge jump of 58 per cent year-on-year (YoY) and touched a record $34 billion in March, indicating a recovery in demand, preliminary data released by the government showed. Sequentially, the growth in merchandise exports was 21 per cent.
- “Make in India, Make for the World: Merchandise exports in March 2021 grew by 58 per cent YoY to $34 billion, the highest ever in Indian history. PM Narendra Modi ji’s trade policies have propelled Indian economy to historic new heights, even amidst the pandemic,” Commerce Minister Piyush Goyal tweeted.
- The top five commodity exports in March were other cereals (323.65 per cent growth), oil meals (228.4 per cent), iron ore (194.98 per cent), jute manufacturing including floor covering (105.19 per cent), and carpets (89.86 per cent), data showed.
- Value of non-petroleum and non-gems and jewellery exports in March 2021 was $27.25 billion, compared with $16.95 billion in March 2020, a growth of 60.72 per cent. Non-oil, non-gems and jewellery (gold, silver & precious metals) imports were $27.01 billion in March, compared with $18.70 billion a year ago, also a growth of 44.45 per cent,” the commerce ministry said
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23228. India’s gold import surges 471% to record 160 tons, may support bullions' prices
- India traded in as many as 160 tons of golds in March, marking up an upsurge of a whopping 471 per cent compared to the same time a year earlier, a top Government official had said
- latest rise in imports of golds in the South-east Asia’s largest economic HubSpot, India, which had shipped in an approximated $32.2 billion worth of golds before the onset of pandemic outbreak, comes over the heels of a major policy change that involves a decline in import taxations, while a latest plunge in gold futures’ prices in global commodity markets, added to further bullish wing to a gold buying-bonanza for both retail buyers and jewellers.
- India, had bought in a record 321 tons of gold in March quarter, roughly 2-1/2-folds up from a figure of 124 tons registered at the same time a year earlierNo Video Found
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23229. Engineering exports jump 70% in March marking a major rebound
- Exports of engineering goods from the country recorded an impressive 70.28 per cent growth in March. India's total merchandise exports during this period were $34 billion as compared to $21.49 billion in March 2020 registering a jump of 58.23 per cent. The monthly growth is the best-ever performance so far.
- Stellar performance by the engineering goods sector pushed the overall merchandise exports in March. It is among the major commodity groups of export which recorded positive growth during March 2021 along with iron ore, electronic goods and gems and jewellery.
- Engineering items account for about 25 per cent of India's total global exports in the goods sector and is one of the largest foreign exchange earners.It employs nearly 4 million skilled and semi-skilled workers.
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23230. New mechanism to monitor imports of aluminium, copper
- In line with the import monitoring system for steel and coal, the government has decided to put in place a mechanism to monitor imports of aluminium and copper to capture disaggregated data for effective monitoring and policy intervention.
- The directorate general of foreign trade (DGFT) has said in a notification that the import policy for copper and aluminium has been amended from “free” to “free with compulsory registration” under the non-ferrous metal import monitoring system (NFMIMS).
- NFMIMS shall require importers to submit advance information in an online system for imports of copper and aluminium and obtain an automatic registration number by paying a registration fee of Rs 500,” the DGFT said in a notification.
- Under NFMIMS, the importer can apply for registration not earlier than the 60th day and not later than the fifth day before the expected date of arrival of the import consignment. The automatic number shall remain valid for 75 days. The importer shall have to enter the registration number and expiry date for registration in the Bill of Entry to enable customs for clearance of the consignment, the notification said.
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