ET View: Incentivise innovation to spur export growth

The latest figures show that India’s goods exports declined 2.15% in September (over the like period last year), with the total for the month adding up to $27.95 billion. The decline is almost entirely statistical, as the seeming fall is due high growth in the previous September. Nonetheless, it would make perfect sense to streamline […]

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Electronic spot exchanges to help government bring agriculture price stability

Cropping decisions continue to be driven by price-adaptive behaviour of Indian farmers. Such decision-making manifests as the most remunerative crop in the last season being sown over larger acreage in the current season, leading to an inevitable price crash. Pulses prices reigning high two years ago is still fresh in the minds of the farmers, […]

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Egg production to touch 100 billion per annum soon

The country’s egg production will soon touch 100 billion annually from nearly 90 billion as the poultry sector is growing rapidly and becoming organised. Addressing a conference to mark World Egg Day, the Minister of State for Agriculture, Parshottam Rupala, said the poultry sector is growing rapidly and is contributing to the country’s food security. […]

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India attracted USD 22 bn of FDI flows in first half of 2018: UN report

India attracted USD 22 billion of FDI flows in the first half of 2018, according to a UN report which states that the global foreign direct investment dropped by 41 per cent in the same period due to tax reforms carried out by the Trump administration. The UN Conference on Trade and Development (UNCTAD) said […]

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India, UAE discuss ways to increase investments

India and the UAE Monday discussed ways to increase investments in areas including highways, airports and infrastructure The issue was discussed during the meeting of the UAE-India High Level Joint Task Force on Investments. Both sides deliberated on opportunities for cooperation and investment in both countries. Also discussed in specific detail a number of potential […]

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External Affairs Minister Sushma Swaraj holds talks with Tajikistan counterpart

External Affairs Minister Sushma Swaraj met her Tajik counterpart Sirojiddin Muhriddin here and the two leaders discussed stepping up close bilateral ties in development assistance, science and technology, health, defence and security. The two leaders met on the sidelines of a two-day conclave of the Shanghai Cooperation Organisation’s Council of Heads of Government (CHG). Both […]

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Centre to seek Election Commission’s nod for 40-60% MSP hike for forest items

The government would seek Election Commission’s permission to effect a steep 40-60% increase in the minimum support price (MSP) of minor forest produce (MFP) in tribal dominated states — a move which would benefit tribals in pollbound BJP-ruled Madhya Pradesh, Rajasthan and Chhattisgarh which have a sizeable tribal population. The government will finally use the […]

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Maharashtra: Boosted by govt subsidy, export of skimmed milk powder takes off

Export of skimmed milk powder (SMP) from Maharashtra has increased significantly in the last few months, thanks to the export subsidy offered by the central and state governments. It is estimated that about 5,000 tonnes of SMP have been exported from the state since July, and dairy owners are confident that they will export more […]

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India to export raw sugar for first time in 3 years as global prices rally

Indian sugar mills have signed deals to export raw sugar for the first time in three years as a rally in New York prices to seven-month highs along with government subsidies made exports lucrative, five dealers and two industry officials told Reuters. Mills in the world’s second biggest sugar producer were reluctant to sign new […]

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IMF retains India FY19 growth outlook at 7.3%

The International Monetary Fund (IMF) has retained its India growth forecast for the current year and marginally pared it for next fiscal, citing the drag from higher crude prices and tightening of the global financial situation. But it will remain the fastest-growing major economy, well ahead of China, it said. In its latest World Economic […]

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