Day: June 10, 2020

Top 8 questions on investing in the current climate

How will economic recovery vary from earlier downturns?

If you look at the 2008 worldwide fiscal crisis, the origins have been pretty distinct from today’s COVID-19 crisis, so we ought to assume the path to recovery to be distinct as perfectly. The 2008 crisis was thanks to deregulation in the fiscal industry that concerned unfastened credit score and much too significantly debt in the housing industry. The current crisis is the result of a pandemic followed by an orchestrated slowdown to protect against the distribute of the virus. We have seen a contraction in the economic system that we have

Read More

Global black tea output goes up 16.43%

World wide black tea creation in the latest calendar until April has amplified by 16.43 per cent about the very same interval in 2019.

“Our compilation of the facts acquired from different producing nations reveals that world-wide black tea creation until April rose to 343.seventy four million kg (mkg) from 295.24 mkg very last year,” Rajesh Gupta, compiler of the once-a-year World wide Tea Digest, explained to BusinessLine.

This raise of forty eight.50 mkg marked a gain of 16.43 per cent.

A sizeable raise has occur from Kenya. “It has developed 208.22 mkg until April as in opposition to 132.forty

Read More

Castorseed output revised down at 19.62 lakh tonnes

Climatic adversity these as premature rains, powerful winds and hailstorms in elements of castor-sowing regions of Gujarat is established to induce a dip in the output of the oilseed.

In its last crop estimate, trade physique Solvent Extractors’ Affiliation of India (SEA) has revised its castor crop outlook for the yr 2019-twenty downward by about three.five for every cent or seventy four,000 tonnes to 19.sixty two lakh tonnes (lt) as against the 1st estimate of twenty.36 lt claimed in February this yr.

For each the last estimates, castor output in the state will be reduced by about fifteen,000

Read More

Import duty on bamboo for agarbatti industry hiked to 25%

In an effort and hard work to curb an additional import from China, India on Tuesday hiked import duty on bamboo for agarbatti (incense adhere) to twenty five for each cent.

“Customs duty on bamboo imports by agarbatti manufacturers hiked from ten for each cent to twenty five for each cent with instant result to stimulate use of domestic bamboo for AtmaNirbhar Bharat,” Central Board of Oblique Taxes and Custom (CBIC) reported in a tweet. CBIC is apex coverage making body for oblique taxes this kind of as Products & Solutions Tax (at Central stage) and Custom Duty.

The board

Read More

Cotton Corp’s MSP purchases to top record 1-cr bales

Point out-run Cotton Corporation of India (CCI), which has built a file procurement of about ninety eight lakh bales so considerably, will proceed to obtain the fibre crop at the minimum help price (MSP) until September, the new Chairman and Controlling Director, PK Agarwal, has said.

“We will be there in the marketplace up to September thirty. No farmer will be put into issues,” Agarwal, who took in excess of as CMD of CCI on June one, said. CCI expects to procure an additional 5-seven lakh bales and overall buys exceeding one crore bales in the 2019-20season.

Procurement on

Buys

Read More