Live Animal Export rises despite the fall in Overall Exports

Live Animal Export rises despite the fall in Overall Exports

It is interesting to see that despite the consecutive fall of seven month in exports till April 2016, the export of live animal grew up by 400 per cent in 2015-16, according to the latest data released by Department of Commerce. The exports of live animal stood at $68 million in 2015-16, as compared to […]

Pulses Imports by Government to Government Contracts to Curb Supply Gap

Pulses Imports by Government to Government Contracts to Curb Supply Gap

To curb the supply crisis of pulses, Government-to-Government contract is being planned to import pulses, said by Union Food and Consumer Affairs Minister Ram Vilas Paswan. According to him this will help in bringing the prices down which have been surging up due to the supply lag. As production has been shrunk to 170 lakh […]

India Wheat Imports may reach to 5 Million tons in 2016-17

India Wheat Imports may reach to 5 Million tons in 2016-17

India wheat import could touch a 10 year high in 2016-17 as the output is expected to fall due to the back to back droughts in the country. According to ITC, leading consumer products company, India may import 5 million tons of wheat in 2016-17 as the output of wheat in the country is likely […]

FSSAI Issues Nine Manuals on Food Test Methods and Sampling Methodology

FSSAI Issues Nine Manuals on Food Test Methods and Sampling Methodology

Food Safety and Standards Authority of India (FSSAI) has issued nine manuals on testing methodology for various food products to be used by the food safety laboratories, with immediate effect, as reported by USDA. FSSAI published manuals for its requirements on test methods and analysis by laboratories which pertain to a variety of milk and […]

Plastic: Ban or No Ban?

Plastic: Ban or No Ban?

With Government’s declaration of the evidence against harmful effects of PET packaging as insufficient, the ban on PET packaging of medicines and other products remains uncertain. Till March 2015 the Government and industry shared common views regarding the ill effects of PET packaging on human health apart from environmental issues. But, the issue of PET […]

Japan may approach WTO to resolve steel tariff dispute with India

Japan may approach WTO to resolve steel tariff dispute with India

Japan may ask the World Trade Organization (WTO) to resolve a dispute related to India’s “safeguard” tariffs on the import of hot-rolled steel. To stop cheap purchases from overseas and flooding the domestic market, which discourages the players due to the supply surplus, India has extended its safeguard imports taxes on some of the steel products including the hot […]

Unfavourable Balance of Trade for Rubber Industry

Unfavourable Balance of Trade for Rubber Industry

While reversal of the downward trend in crude oil prices is being expected the expanding margins tapped by the rubber and rubber dependent industries could shrink. After plunging to $27.88 per barrel in January this year, Brent crude oil prices rose to $ 52.75 per barrel on June 8. “…we now expect less downside to […]

Cement volumes growth points to demand revival

Cement volumes growth points to demand revival

According to analyst estimates volume growth in cement increased by 12-18 per cent in the March 2016 quarter compared with a drop of 4.7 per cent in the corresponding quarter of the previous fiscal. This is the first double digit growth in six quarters reflecting a pickup in construction activity apart from benefits of lower input costs. The […]

Tamil Nadu paves the way for Indian IT industry to be unionized

Tamil Nadu paves the way for Indian IT industry to be unionized

Tamil Nadu government’s recent response to a petition allowing formation of unions in IT companies could come as a relief to many, but will not be received well by company managements. While the IT employees and unions calls it a good move by the government and on the other, the companies are not very supportive to this idea. […]

India Mango Exports to USA Rises

India Mango Exports to USA Rises

Mango exports from two major Indian Irradiation centers Lasalgaon and Vashi to USA has reached to around 500 tonnes till June 4, 2016 season, as compared to the 328 tonnes during the same period last year. According to the officials, exports would touch 650 tonnes this year by the end of the season, which is […]