The “Strategy paper on Coal Import Substitution” has been prepared as a report of the IMC (Inter-Ministerial Committee). The paper focusses on the present energy mix of the country, domestic coal production, trends and projections, import trends (sector-wise), coal import substitution measures already taken by the Government and most importantly, …
Public sector petroleum companies' losses on fuel sales cross Rs 500 crore a day; govt under renewed pressure to allow them to raise petro-product prices New Delhi, April 23: The price basket of crude oil that India imports has crossed an all-time high of $110 a barrel, widening the losses …
As Union commerce minister Kamal Nath studies India's negotiation dockets in preparation for a mid-May World Trade Organisation (WTO) ministerial meet in Geneva, a sort of last-ditch attempt to strike a Doha Round deal before a change of US leadership, some voices have emerged in favour of softening the country's …
Even as the World Trade Organisation director general Pascal Lamy is expecting a break-through in the Doha Round negotiations in the next few weeks, several countries, including India, are expected to factor in rising food prices and use of bio-fuels in their discussions. However, this will not necessarily lead to …
THE world's top food trading companies are doing brisk business here as the country gears up to deal with shortages. The four biggest international grain traders
Amid mounting worries that rising prices might singe Congress and its UPA partners in the coming elections, government on Wednesday vowed to crack down on cement and steel cartels and announced imports of one million tonnes of edible oil and 15 lakh tonnes of pulses. The announcements were made during …
The Doha round of global trade negotiations has been stalled since 2001 because developing nations have refused to lower import tariffs that protect their farmers and rich countries won't give up farm-price supports. Now, import duties are being slashed from Brazil to Burkina Faso in response to prices that the …
The government is likely to offer tariff concessions on the import of energy conservation products like geysers/burners for effectively dealing with the crises. This was decided at a high level meeting held to review National Energy Conservation under the chairmanship of Federal Minister for Environment, Hameed ullah Jan Afridi here …
Africa March 2008: Kenya faces acute food shortage. Global cereal crisis is likely to hit the country the hardest because farmers growing maize, the staple crop of Kenya, have been displaced following post-poll violence. Riots over rising food prices in Namibia and Zimbabwe and several west African countries, including Cameroon, …
The Myanmar Government has agreed to provide 100,000 MTs of Rangoon Kekulu with immediate effect to overcome the current increase in the rice of price in the local market artificially created by hoarding. The decision was taken during the visit made by Trade, Marketing Development, Cooperative and Consumer Affairs Minister …
Chief Adviser (CA) Fakhruddin Ahmed yesterday said the government will build up a bigger food stock through import and local procurement in order to ensure food security and keep food prices, especially of rice, at tolerable levels. Unveiling a package of contingency measures, he said increased allocation for agriculture and …
More than 12,000 eggs, 42.5 kg of dressed chicken, three live birds and 61 feather brooms were seized and destroyed by Bhutan Agriculture and Food Regulatory Authority (BAFRA) since the ban on the import of poultry and related products from India was imposed on January 16 this year. All the …
Spanish Region May Ship Water To Relieve Drought SPAIN: April 7, 2008 MADRID - Spain's northeast Catalonia region will need to import water by ship and train from May to ensure domestic supplies if the current drought persists, the regional government said in a report. The report, sent to Reuters …
Reuters Summit - US Seen Importing Ethanol, But Tariff Uncertain US: April 7, 2008 WASHINGTON - The United States will need to import more sugarcane-based ethanol to meet renewable energy mandates, a top US official said, but he stopped short of recommending that a controversial ethanol tariff be lifted. "If …
Beware Chinese rice. That's the message following the discovery of rice consignments containing an experimental genetically modified strain called Bt63. From 15 April, all rice imported from China into the European Union must be certified as free of Bt63.
At a time when the Left parties are calling for a ban on futures trading in edible oils, Abhijit Sen, chairman of a committee on futures trading of essential commodities, says such a ban would not help in bringing down domestic prices of edible oils. "Half of our edible oil …
Governments across the developing world are scrambling to boost farm imports and restrict exports in an attempt to forestall rising food prices and social unrest. Saudi Arabia cut import taxes across a range of food products on Tuesday, slashing its wheat tariff from 25 per cent to zero and reducing …
The Customs yesterday nabbed a stock of red sandalwood worth over Rs.10 million which was illegally imported to Sri Lanka from India. The Customs official attached to the Import Division made the detection after searching a 40foot container which had been sent from India recently. Assistant Superintendent of Customs Import …
Philippines To Import Ethanol From Brazil, Thailand INDIA: April 3, 2008 MUMBAI - The Philippines plans to import about 170 million litres of ethanol from Brazil and Thailand in 2009, Archie Amarra, executive director of Philippines Sugar Millers Association Inc, said on Wednesday. The Philippine government had passed a biofuel …
Certification for semi-processed leather questioned Quarantine issues The annual imports of skin and hide through the Chennai port are estimated at about Rs 1,000 crore. Quarantine issues do not arise in the case of semi processed leather, which is chemically treated, says trade body. The manufacturers have also taken up …
Cheaper imports negatively impacts food security; it seems the government is not bothered about this fact. Read this in tandem. India has drastically reduced import duties on edible oils and rice in a bid to check rising inflation. While the import tariff on rice has been brought down to zero, …
