In keeping with the government’s goal of tripling the amount of green energy capacity to 500 GW by 2030, the renewable energy industry might benefit from the impending interim budget. Following their meetings with government officials, business leaders expressed optimism about more funding, especially for renewable energy sources including wind, solar, and bioenergy. They also…
For the week ending January 12, India’s foreign exchange reserves increased by USD 1.634 billion to USD 618.937 billion, the Reserve Bank of India (RBI) reported on Friday. The total reserves have dropped to USD 617.3 billion from USD 5.89 billion during the previous reporting week. In October 2021, the nation’s forex reserves hit an…
The Centre for Agricultural and Rural Development Studies, Tamil Nadu Agricultural University, Coimbatore, funded by the TNIAM Project, predicts that prices for sesame will likely move north, but they could also fluctuate depending on the monsoon and arrivals from other major producing States. The oilseed prices that dominated the Sivagiri Regulated Market in the Erode…
The agriculture minister, predicts that the nation will produce a significant amount of wheat this year due to increased coverage. The principal rabi (winter) crop, wheat, was sown in October and is already fully grown. The top three states with the most area covered by wheat are Uttar Pradesh, Madhya Pradesh, and Punjab. “As per…
As the market is generally seen to be done dropping from here, cotton prices have been stable over the past month, which has helped to improve demand from spinning mills, dealers, and international trading houses. “A significant decrease in pricing from this point on is improbable. Buying by mills is partly due to this reason….
The state-run Coal India received approval from the Union Cabinet on Thursday to make significant investments in the thermal power industry. Among these is the coal miner’s establishment of two thermal power plants, which will require a total of over Rs 21,000 crore in investments. The investments made by Coal India subsidiaries are divided up…
During the first nine months of 2023–2024, India’s oil meal exports increased by 24% thanks to a spike in soy meal exports. According to data gathered by the Solvent Extractors’ Association of India (SEA), India exported 34.96 lakh tones (lt) of oil meals between April and December of 2023–24, up from 28.16 lakh tones during…
Low-level purchasing caused cotton prices to slightly rise, settling at 55240 with a 0.25% increase. Nevertheless, given that world consumption is expected to be 1.3 million bales lower in 2023–2024 than in the previous month, global dynamics have put pressure on pricing. Key cotton-producing nations like India, Indonesia, Pakistan, Uzbekistan, and Turkey are anticipated to…
In the previous trading session, gold showed strong performance, closing at 61769. It was up 0.43%. The increase in demand for safe haven assets due to the ongoing Middle East turmoil and a weaker US dollar were the reasons for the price surge. The cautious market mood is partly due to investors attentively following remarks…
Cumin (jeera) saw a significant decrease, settling at 27645, down -1.21%, mostly due to improved production expectations in important cultivating states like Gujarat and Rajasthan. The amount of jeera acreage has increased dramatically during rabi season, hitting a four-year high. Encouraged by the previous marketing season’s record prices, farmers increased their land under cultivation, demonstrating…
