According to figures from the Ministry of Petroleum, foreign exchange earnings from the petroleum sector stood at more than $11 billion in the first six months (April-September) of the current financial year. In the last fiscal, it was $9.1 billion.
Shantibhai Patel, president, Gems and Jewellery Trade Council of India, said jewellers in small towns have to pay Rs 10,000 for three years as licence fee, while in major cities this fee Rs 20,000 at present.
Indian production this season (Oct 2006-Sept 2007) is estimated at 280 lakh bales of 170 kg (against 245 lakh bales last season) and for the next season, it has been projected at a minimum 300 lakh bales.
Grabbing the opportunity, companies are lining up with investment in Uttar Pradesh, Punjab and Haryana for processing plants to milk the export market. Global giants such as Group Danone and Fonterra are firmly in India.
The Rubber Board has identified 1 lakh hectares as potential area under rubber in the state, of which roughly 31 per cent has already come under cultivation.
According to Reliance Money officials, the company offers 5 gm and 8 gm coins now but plans are in the offing to launch 0.5 gm, 1 gm and 2 gm coins, said
The applicants should be of the age group 18 to 51. Their monthly income should not exceed Rs 5,000. Application forms and other details can be obtained from the head office of the Rubber Board at Kottayam and other regional offices.
China's total August imports were down by 12.8 per cent from July at 29.29 million tonnes, with shipments declining from most major supplying countries.
Guar Gum Manufacturers' Association president G L Sarda said that the industry will definitely participate with the government in the project. "It is high time we fund research projects to develop new varieties of guar seeds," Sarda said.
In Greece, olives were said to have been created by the goddess Athena, and were considered so esteemed that only "virgins and chaste men" could tend the groves. Olives were a rare and precious commodity to lovers of fine foods.
Organic farming is an excellent tool for enhancing the livelihoods of small and marginal farmers, who are resource poor and pursue agriculture in marginal lands not adequately rain-fed, Gerald A Hermann, director of Organic Services, said.
IEX, promoted by Financial Technologies, will be a pan India neutral and transparent electronic demutualized exchange for efficient price discovery in the electricity market. PTC India Ltd has consented to take 26 per cent stake in IEX.
The project, named Gramjyoti, has been launched in the eastern coast of Tamil Nadu in partnership with four other companies and a non-government organization.
According to the first advance estimates of crop production for 2007-08 report that was released on Wednesday, India can expect record production in maize, oybean, cotton and sugarcane crops.
Factor added to the worries of 'Darjeeling Tea' producers was the plantations' heavy dependence on fertilisers and pesticides that were being hawked by foreign corporations.
Terminal Markets Projects will be expedited in all states that have potential for such projects, said a conference organized by the agriculture ministry.
Displacing fears of a reduced cotton harvest in Punjab, officials say the state is set to achieve its target of 26.90 lakh bales this fiscal year.
Officials in the FMC said the regulator is planning to permit active role for the state marketing federations in commodity futures trading.
According to the Kyoto protocol, one carbon credit can be earned by reducing a tonne carbon dioxide. One carbon credit is worth $10 as per the UN Framework Convention on Climate Change (UNFCC) guidelines.
Florida Department of Agriculture has decided to educating its 40,000 farmers and a number of food processing companies in the state on India's booming retail and agri sectors.
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