Coal imports fall by 22% to 14.31 MT in Jan 2017
The Dollar Business Bureau Coal imports have declined by 21.7% to 14.31 million tonnes in January as the power utility companies did not lift enough fuel due to the surplus stock available with them. Import of all types of coals in January this year was 14.31 million tonnes (provisional) compared to 18.28 million tonnes in the same month in 2016- an ecommerce platform, mjunction services limited jointly created by Tata Steel and SAIL told PTI. “In power sector, the state utilities are replete with stock and are aiming to curb imports altogether (except for coast-based plants) by March 2017. This explains the substantial drop....In steam coal imports in January 2017 vis-a-vis the same month last year,” said Vinaya Varma, Chief Executive Officer, mjunction. There was ...
Government eases norms to push sugar exports
The Dollar Business Bureau In an effort to push sugar exports, the government has softened the norms that required exporters to obtain registration certificate on quantity before shipment. “The requirement of registration of quantity with DGFT for export of sugar has been dispensed with,” the Directorate General of Foreign Trade (DGFT) said in a notification issued on Monday. Earlier, exporters need to get registration certificate issued from DGFT before supplying the sweetener to overseas buyers. The DGFT used to issue the certificate for up to 50,000 tonnes of export. The move is seen as part of measures taken by the government to sell its stockpile of surplus sugar. Traders say that the decision will help expedite the outbound shipments as they ...
