Counting of votes began on Wednesday in the Congress presidential polls in which senior leaders Mallikarjun Kharge and Shashi Tharoor faced-off for the post of All India Congress Committee (AICC) chief.
Indonesia, the world's biggest supplier of palm oil, said on Thursday it will lift a ban on exports from Monday, likely helping India and other importers. India annually imports around 13-13.5 million tonne of edible oils, of which around 8-8.5 million tonnes (around 63 per cent) is palm oil. Of this, 8-8.5 million tonnes of palm oil, 45-50 per cent comes from Indonesia and the rest from neighboring Malaysia.
The Steel Ministry on Wednesday said it may seek from the Environment Ministry speedy clearance to Posco's Rs 54,000 crore (Rs 540 billion) project in Orissa.
The department had earlier also examined the option of a direct equity sale but opted for a PPP model because it offered revenue sharing opportunities, fertiliser secretary Atul Chaturvedi said. Chaturvedi explained that whereas the outright sale of equity will mean the government will have to wait for the plants to make profits to get a share of revenue, the PPP mode will help it do so in the first year.
Steel secretary Atul Chaturvedi said on Sunday about Rs 13,000 crore (Rs 130 billion) would be raised from NMDC's stake sale, while SAIL would fetch Rs 19,000 crore (Rs 190 billion). He was addressing the media on the sidelines of the 47th National Metallurgists' Day celebration of the Indian Institute of Metals.
Both the phases of the FPO may see SAIL and government selling five per cent equity each -- while a total of 10 per cent shares could be sold in the current fiscal with the remaining during the next fiscal.
Oilseed sowing in India's key growing regions is in full swing following a good start to the monsoon, which is expected to advance into the northern region in coming days, officials said on Wednesday.\n\n\n\n
Acknowledging the strained diplomatic relations between Malaysia and India over his remarks, Mahathir said that it is necessary to speak out on the issues, even though such remarks could be disliked by some.
Branded and packaged edible oils are currently selling at around 50 per cent premiums over their loose varieties. Hence, products using edible oils would be costlier going forward.
FII's too have invested in huge amount in the country
Patanjali will respond to the notices received from the two regulators shortly
Chaturvedi said the highest ever FDI flows received by the country were in FY12 at $35.12 billion while in four months of this fiscal alone we have crossed $10.75 billion.
The appointments committee of the Cabinet headed by Prime Minister Narendra Modi cleared Bhalla's appointment as OSD in the ministry with immediate effect.
Through increase in import duty, the government aims to help domestic oilseed crushers and edible oil producers who suffered badly last year due to cheap imports
Oilseed output to surpass its previous record of 32.75 mt in 2013-14 to 33.59 mt this year
Soybean is trading at a 25 per cent premium to the MSP, after initially slipping below the government's threshold procurement price of Rs 2,850 a quintal.
Union Minister P Chidambaram has opted out of the Lok Sabha election with the party on Thursday night nominating his son Karti from his constituency Sivaganga in Tamil Nadu while another Union Minister Ghulam Nabi Azad was brought as a candidate from Udhampur in Jammu and Kashmir.
It rained investments on India as the Make In India programme, envisioned by Prime Minister Narendra Modi with a focus on the manufacturing sector, raked in Rs 15,20,000 crore in committed investments.
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