The Maharashtra authorities has set larger manufacturing targets for the approaching kharif season of 2021-22 by growing the state’s sowing space to 157 lakh hectares (ha) from final season’s 140 lakh ha. By Prabhudatta Mishra, Nanda Kasabe & Deepa Jainani Sowing of summer time crops within the first three weeks of the season has remained
Commodities
Mehta mentioned SEA has advised that the federal government kick begin the much-delayed Nationwide Mission on Oilseeds with particular deal with mustard, groundnut, soybean and oil palm. “We have now advised creation of buffer shares which can be utilized to chill markets,” Mehta mentioned. By Prabhudatta Mishra After crude petroleum and coal, edible oils are
The sugar season in India has simply concluded and about 35 lakh tonne extra sugar has been produced in contrast with final 12 months. Sugar costs have declined by almost $50 per tonne in worldwide markets for the primary time in two months, and this might affect the Indian sugar sector, business individuals stated. On
If the Centre needs income from these taxes to be stored at FY21 ranges, it may assist a discount in cesses by Rs 4.5/litre every on petrol and diesel, Icra opined. With the rise in demand for petrol and diesel, the Centre can minimize auto gasoline taxes by Rs 4.5/litre and nonetheless hold its income
The chief economist stated the company’s forecasts recommend that petrol consumption will likely be 6.7 per cent greater in 2021-22 when put next with the pre-pandemic ranges in 2019-20, whereas diesel will likely be 3.3 per cent decrease. An increase in petrol and diesel consumption may also help the federal government lower cesses on the
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