New investors should enter gradually and with a long horizon. 'Staggered investment through systematic purchase plans is advisable rather than lump-sum buying.'
The European Union (EU) has suspended export benefits to sectors such as textiles and plastics under a preferential scheme for India and two other countries from January 1, a move that will impact the country's shipment to the 27-nation bloc. The development is important as the two sides are likely to announce the closure of negotiations for a free tarde agreement (FTA) on January 27.
India and Canada are negotiating a long-term uranium supply agreement worth $2.8 billion. They are also exploring expanded civil nuclear cooperation after the passage of the SHANTI Bill.
In June last year, India unveiled its first list of 29 critical minerals open for private sector exploration and mining. Since then, 38 critical mineral blocks have been auctioned, but only 14 - less than 37 per cent - have found bidders. This modest achievement was secured only after the Centre conducted a second round of auctions when the first round fell flat, failing to attract the minimum required bidders.
'Trump had done a deal with the current regime minus Maduro. The current regime is giving Trump entry into Venezuelan oil. They are obeying him and doing whatever he says.' 'They are happy because they have saved their heads by sacrificing only two, Maduro and his wife. Thousands of Venezuelan military leaders would have been jailed or killed in American action had Maduro stayed in power.'
India is planning to soon sign new and updated mineral pacts with about a dozen countries in Africa. The Ministry of Mines is in discussions with Cte d'Ivoire, Democratic Republic of the Congo (DRC), Madagascar, Malawi, Mali, Morocco, Mozambique, South Africa, Tanzania, Zambia and Zimbabwe, Business Standard has learnt. Negotiations are ongoing with around a dozen countries, and more will be added to the list soon.
The mining industry demanded a long term freight policy to make it more cost-competitive to enable miners contribute in containing inflationary trends within the economy. The mining industry body criticised the Railways for re-classifying iron ore in category-180 from 170 from Tuesday besides hiking the port congestion surcharge on exports of the mineral from 60 to 100 per cent from April 15. The iron ore industry fetches highest revenue for the Railways after coal.
US President Donald Trump on Wednesday slapped an additional 25 per cent tariff on goods coming from India as penalty for New Delhi's continued buying of Russian oil.
Rising for the sixth consecutive session, gold prices rallied Rs 1,000 to hit yet another record high of Rs 105,670 per 10 grams in the national capital on Monday, lifted by expectations of a rate cut by the US Federal Reserve this month and robust demand in overseas markets.
From labelling India the 'Tariff King' to slapping sweeping import duties, US President Donald Trump has steadily hardened his trade stance on India. These announcements are being seen as a pressure tactic to get New Delhi to agree to demands made by the US in the proposed Bilateral Trade Agreement (BTA).
India's apex mineral export body, Federation of Indian Mineral Industries, says the imposition of the Rs 300 per tonne export duty on iron ore has severely impacted the industry.
Ban fiats, freezes and new levies are ensuring a drying up of operations and new investments, complain companies.
The group of ministers' September 17 decision that mining companies should share 26 per cent of their profits with displaced people in addition to providing employment and other assistance in accordance with the rehabilitation and resettlement policy of the state government concerned will frighten away any private entrepreneur.
The Federation of Indian Mineral Industries has strongly objected to Indian steel companies' policy of selling surplus iron ore in the domestic market and crying for a ban on iron ore export to meet shortage of the commodity.
A primary producer said that the prices would be raised in tranches this month and the total increase could be Rs 6,000 a tonne.
"On space, we will be able to announce that India is signing the Artemis Accords, which advance a common vision for space exploration for the benefit of all humankind," a senior administration official said hours before the meeting between Prime Minister Narendra Modi and President Joe Biden in the Oval Office.
The central government is expected to complete the auction of the 5.9-million tonne (mt) lithium reserves discovered in the Reasi district of the northern Union Territory (UT) of Jammu & Kashmir (J&K) by the end of this calendar year, Union Mines Secretary Vivek Bharadwaj said on the sidelines of the launch of the Federation of Indian Chambers of Commerce and Industry (Ficci) report on 'New-Age Energy Minerals' on Tuesday. "Auction will be over by the end of this year," said Bharadwaj, adding, "We have already recommended a transaction advisor to the J&K government for the auction of lithium reserves." However, the exact timeline for an auction will be decided by J&K authorities, Union mines minister Pralhad Joshi said in Parliament last month.
If the concerns over risking political capital are overcome, the long-term gains for the Indian economy will be immense, asserts A K Bhattacharya.
Experts believe the surge in illegal mining is due to vested interests of politicians
'We will see a lot of investments from the private sector.' 'As long as we are not impacted by some global events, I think we will be in a strong place.'
When the Centre tries to encroach upon the subjects that are under the prerogative of the state, or where the centre tries to evade from any responsibility guaranteed to a state through a constitutional provision/obligation, it poses a threat to federalism.
The new mining policy must be rock solid
Karnataka proposes to auction 15 of its Category-C mines to end-users.
Among the most deprived communities in India live and work under asbestos roofs. The National Institute for Health and Family Welfare estimates exposure to asbestos has resulted in higher incidence of cancer among those living under asbestos roofs, points out Gopal Krishna.
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
Ten central trade unions except Bharatiya Mazdoor Sangh are observing one-day general strike on Thursday to protest against various government policies.
Removal of this status means India can now enhance customs duties to any level on goods coming from Pakistan.
CIL workers are represented by five unions -- Indian National Trade Union Congress, Hind Mazdoor Sabha, Bharatiya Mazdoor Sangh, AICWF and All India Trade Union Congress.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The prime minister is likely to talk about its possible extension.
The judiciary has sent a strong message against crony capitalism.
The output has seen a decline due to the ban in Karnataka and Goa.
We have brought about a slew of reforms that would help improve governance and also facilitate industrial growth, Rajasthan Chief Minister Vasundhara Raje tells Sahil Makkar.
India's exports dipped deeper in the negative zone.
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891.
Retirement blues can sometimes result in actions that are dysfunctional, notes Ajit Balakrishnan.
'Its internal economic rot and corrupt political elite have made the resurgent supremacy of the military establishment more invincible,' says Sunil Sethi.
This is the lowest investment grade rating.
'As India progresses and takes an increasingly hardline approach to Pakistani hostility, the young and restless population of Pakistan, sooner than later, will demand 'Gazwa e Hind' (conquest of India),' warns Colonel Anil A Athale (retd).
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