Modi to bet $1.5 billion on palm oil plan as imports surge

Last Updated: Tuesday, August 18, 2015, 13:03

India plans to spend $1.5 billion in the next three years to help farmers grow oil palm trees in an area the size of New Jersey, government sources said, with Prime Minister Narendra Modi pushing to make the nation self-sufficient in edible oils this decade.

Will onion prices fall as NAFED floats tender to import 10,000 tonnes?

Last Updated: Monday, August 17, 2015, 17:45

The availability of imported onions would further improve supplies and check price rise, Agriculture Secretary Siraj Hussain said.

Gold imports jump 62.2% to $2.96 billion in July

Last Updated: Friday, August 14, 2015, 20:34

After declining in June, Gold imports jumped 62.2 percent to USD 2.96 billion last month, a development which will have adverse bearing on India's current account deficit (CAD).

Exports continue to slide for 8th month; dip 10.3% in July

Last Updated: Friday, August 14, 2015, 19:26

Hit by global slowdown, India's exports contracted for the eighth straight month by 10.3 percent in July to USD 23.13 billion, pushing the trade deficit to USD 12.81 billion.

China yuan devaluation rattles India Inc; cheap imports may rise

Last Updated: Wednesday, August 12, 2015, 22:39

With China's move to devalue its currency, engineering and textile exports from India are expected to take a major hit with Chinese goods becoming more competitive.

Govt imposes 10% import duty on wheat

Last Updated: Friday, August 7, 2015, 14:23

Government on Friday imposed 10 percent import duty on wheat till March 2016 to curb shipments and liquidate poor quality grains lying in FCI godowns.

Coal imports drop by 11% to 19 mn tonnes in July

Last Updated: Tuesday, August 4, 2015, 18:42

Coal imports declined by 11 percent to 19.30 million tonnes (MT) in July 2015 compared to the same month of previous year as higher availability of domestic fuel led power generation firms to defer imports.

Gold imports up 61% at 155 tonnes in April-May

Last Updated: Sunday, August 2, 2015, 11:26

India's gold imports shot up by about 61 percent to 155 tonnes in the first two months of the current fiscal mainly due to weak prices globally and the easing of restrictions by the Reserve Bank.

Gold edges higher as investors await Fed meeting

Last Updated: Tuesday, July 28, 2015, 21:00

Gold edged higher on Tuesday but remained near 5-1/2-year lows as markets braced for this week`s two-day Federal Reserve meeting, at which policymakers are tipped to give further clues on the timing of a U.S. rate increase.

Onion prices rise to Rs 40/kg, govt to import 10,000 tonnes

Last Updated: Monday, July 27, 2015, 17:17

With onion prices rising up to Rs 40 per kg in the national capital, the government has ordered to import 10,000 tonnes of the kitchen staple form countries including Pakistan, China, Egypt.

No decision yet on slapping import duty on wheat: Govt

Last Updated: Friday, July 24, 2015, 16:04

The government on Friday said it has not yet taken a decision to impose duty on wheat imports.

Dip in exports: Govt sets up council for trade promotion

Last Updated: Sunday, July 19, 2015, 11:15

The Union Commerce and Industry Minister will be the chairperson of 'Council for Trade Development and Promotion', while trade/commerce ministers in states and Union Territories will be the members.