Business  /  Published 25.11.20

Oil import down 20%

Crude oil imports fell 20.2 per cent during the seven months of the current fiscal and estimates are that the imports in the current fiscal would be down over 12 per cent because of subdued demand. C...
By Our Special Correspondent in New Delhi

Business  /  Published 24.11.20

BoP surplus likely

The country is likely to post a current account surplus at the end of this fiscal, mainly led by a fall in imports, the chief economic adviser said on Monday. Speaking at an event organised by the Co...
By Our Special Correspondent in New Delhi

Business  /  Published 04.11.20

Merchandise exports fall 5.4% in October

Merchandise exports fell 5.4 per cent to $24.82 billion in October because of a fall in shipments in sectors such as petroleum products, gems and jewellery, and leather, according to preliminary trade...
By Our Special Correspondent in New Delhi

Business  /  Published 17.10.20

AC curbs to hit China, Thailand

Shipments from China and Thailand are set to take a hit as India bans the import of air-conditioners with refrigerants to promote domestic manufacturing. Data showed that India imported split air-con...
By Our Special Correspondent in New Delhi

Business  /  Published 09.10.20

Economy: World Bank projects 9.6% contraction

The World Bank expects India’s economy to contract 9.6 per cent in the current fiscal and to rebound to a 5.4 per cent growth in 2021-22 assuming that Covid-related restrictions will be complete...
By Our Special Correspondent in New Delhi

Calcutta  /  Published 07.10.20

Centre rules out Bangladesh raw jute

The Centre has rejected Bengal jute mills’ demand to use imported raw jute from Bangladesh in the manufacture of bags that are used to package foodgrains. In a letter to the Indian Jute Mills A...
By Arkamoy Datta Majumdar in Calcutta

Business  /  Published 27.09.20

China chink in DVC armour

State-run REC on Saturday said it shareholders have approved a proposal to raise the overall borrowing limit to Rs 4.5 lakh crore from the existing Rs 3.5 lakh crore. The company’s 51st AGM was ...
By A Staff Reporter in Calcutta

Business  /  Published 23.09.20

Onion exports to resume

The government is working on resuming onion supplies to Bangladesh with certain conditions within days of imposing a ban. The move follows diplomatic intervention which resulted in the consignment in ...
By Our Special Correspondent in New Delhi

Business  /  Published 23.09.20

August crude oil imports fall

Crude oil imports declined in August, though at a slower pace, as soaring coronavirus cases continued to hit mobility and slowed economic recovery, government data showed on Monday. Crude oil imports...
By Reuters in New Delhi

Business  /  Published 22.09.20

Dalmia to invest Rs 100cr to curb imports

Dalmia OCL, the refractory manufacturing arm of cement and sugar major Dalmia group, plans to invest Rs 100 crore over the next five years in a bid to step up indigenous production in India and bring ...
By A Staff Reporter in Calcutta


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