No MEIS benefit on guar gum products is impacting its exports
Aamir H Kaki The modest and humble guar gum, a low-value crop grown on marginal land got transformed into one that can generate substantial income for farmers in recent years. The modest seed mostly harvested in the tropical regions of India (Rajasthan, Haryana and Gujarat) and Pakistan, used as a food crop for animals, gained international fame due to its viscosity. The innocuous looking seed/powder transformed into a product that can generate substantial income for processors, manufacturers, traders and farmers. Owing to its usefulness in food, paper, textile and in the gas and oil industries India’s export of guar gum powder, saw a steep increase from a mere $84.7 million in 2001-02 to $3,930 million in 2012-13, becoming the largest agricultural export ...
Revision of Base Year of IIP from 2004-05 to 2011-12
The Dollar Business Bureau The Office of the Economic Advisor and the Ministry of Commerce and Industry in India released the first compilation of Index of Industrial Production (IIP) taking the base year as 1937. They had covered 15 industries then. Subsequently, the base years underwent a revision twice, 1946 and 1951 With the commencement of the Central Statistical Organization in 1951, the task of compiling and publishing the IIP was entrusted in this office. Since then the IIP has been released monthly by the CSO. The initial general scope of the IIP included details of the Manufacturing, Mining, Electricity, Construction and Gas sectors. But due to challenges in obtaining data, the present IIP has details of the Manufacturing, Mining and Electricity sectors ...
Urea subsidy to reduce marginally, as gas prices decline
The Dollar Business Bureau The indigenous urea subsidy bill will be arrested marginally by INR 9.3 billion FY2016 pursuant to the 7.72% cut in domestic natural gas prices to USD 4.66 per mmbtu (million metric British thermal unit) from USD 5.05 per mmbtu. In one of its reports, “Fall in Gas Prices to Impact Urea Subsidy’, India Ratings & Research Company (Ind-Ra), said that the downward revision in prices is applicable for the period April 1, 2015 to September 30, 2015 and is due to the decline in gas prices at the bench mark indices of Henry Hub (HH) in the US, National Balancing Point (NBP) in the UK, Canada’s Alberta Hub as well as Russia’s energy hub, over ...
