India sees lowest power shortage at 2.1% in FY16
The Dollar Business Bureau India has seen the lowest ever energy deficit at 2.1% in FY 2016, Power Minister Piyush Goyal informed the Lok Sabha in a written reply on Thursday. He also provided details of power shortage in the country in the previous twenty years as reported by the states and Union Territories. Currently, India is importing power only from one country Bhutan – mainly due to its surplus power that is produced from its hydel power stations with the Indian government’s assistance. The energy totally imported from Bhutan was more than 5 billion units in FY 2016, as per the data released by the Ministry of Power. According to the ministry, there is no shortage of coal as well. All over ...
Indias textile exports remain flat in 2015-16
The Dollar Business Bureau Santosh Kumar Gangwar, Minister of State for Textiles said on Thursday that the textile exports of India remained flat in the last financial year, at $40 billion as compared to $41.4 billion in the previous year. "Regardless of poor condition of market, the Indian textile industry did well as compared to other sectors on the export front. The country’s textile exports, in 2015-16, remained at $40 billion," the Minister said after the inauguration of Technotex 2016 conference in Mumbai. However, exports during FY 2015-16 were less than the $47.5 billion target fixed by the government for textile and clothing. The textile minister further said that in the technical textile sector, the country has a huge ...
Twelfth Five Year Plan aims to produce 25 mn tonnes of food grains
The Dollar Business Bureau The reforms and initiatives taken by the Government of India towards improvement of Agriculture & allied sectors will help in achieving a 25 million tonne-target of food grain production by the end of 12th Five Year Plan period. This was stated by M K Kundariya, Minister of State for Agriculture, on Wednesday, during his address at the ‘National Conference on Agriculture for Kharif Campaign-2015’, organised in New Delhi. While lauding the steps being taken by the Government of India through National Mission on Sustainable Agriculture, the Minister stressed on need for making the farming sector a remunerative profession. In this regard, he called for reduced cost of production along with an increase in crop productivity, ...
India avoids imposing anti-dumping duty on solar panel imports
Bhushan Palo | @TheDollarBiz The Indian government has decided not to impose anti-dumping duty (ADD) on solar panel imports from countries such as USA and China, and has instead turned its focus to help domestic manufacturers become competitive. Solar energy production in India surged around 56% Y-o-Y in 2013-14 to 2,631 MW, but domestic manufacturers, represented by Indian Solar Manufacturers Association (ISMA), have complained that subsidized imports of solar panels are hurting their interests. Last month, the Director General of Antidumping & Allied Duties (DGAAD) had recommended the imposition of anti-dumping duty between $0.11 per watt to $0.81 per watt on the imports from China, Chinese Taipei, Malaysia and USA to offset dumping and material injury suffered by the ...
