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Centre reduces raw jute stock limit to facilitate supply to mills

Kolkata, Apr 10 (PTI) The Centre has further reduced raw jute stock limit for balers and traders in a bid to increase supply of the raw material to mills at a time when major foodgrain producing states are facing a shortage for the environment-friendly packaging material, industry stakeholders said on Sunday.In a recent notification issued [...]

Nepal suspends Central Bank Governor amid forex woes

Kathmandu, Apr 10 (PTI) In a rare move, the Nepal government has suspended the country’s Central Bank Governor Maha Prasad Adhikari over disagreements with Finance Minister Janardhan Sharma and for not doing enough to pull the economy from doldrums. Adhikari, the Nepal Rastra Bank (NRB) Governor, was suspended on Friday after the government formed a [...]

Agri reforms important; repeal of 3 farm laws a setback for doubling farmers’ income: Niti member Ramesh Chand

New Delhi, Apr 10 (PTI) Stressing that reforms are necessary for the agriculture sector, Niti Aayog member Ramesh Chand on Sunday said the repeal of three farm laws has come as a 'setback' to higher price realisation by cultivators and could be a factor in achieving the goal of doubling farmers' income by 2022. He [...]

Nepal bans import of luxury items as foreign exchange reserves decline

Kathmandu, Apr 10 (PTI) Nepal’s central bank has announced a ban on the import of vehicles and other luxury items, citing liquidity crunch and declining foreign exchange reserves, despite government assurances that the economy will not go into a tailspin like Sri Lanka. Nepal Rastra Bank (NRB), the country’s central bank, issued this directive last [...]

Emerging tech in the food, transport and energy sector can help counter the effects of climate change

Sydney, Apr 10 (The Conversation) The latest report from the Intergovernmental Panel on Climate Change (IPCC) — which one of us (Arunima) contributed to — has emphasised the need for enormous change if we are to keep within the 1.5 degree Celsius warming limit.This Paris Agreement goal is currently beyond our reach. Achieving it would [...]

Over 350 mobile towers to be set up in Meghalaya

Shillong, Apr 10 (PTI) Over 350 mobile towers will be set up in Meghalaya to ensure that all villages come under mobile network, officials said on Sunday. Meghalaya has 6,839 villages of which 1,164 villages are not covered by any mobile network, they said. The chief secretary recently reviewed implementation of the Universal Service Obligation [...]

India among top priority markets; to grow in double digits: Oriflame

New Delhi, Apr 10 (PTI) India is among one of the "priority markets" for the direct selling Swedish beauty brand Oriflame, where it expects to continue its double-digit growth over the next 3-5 years, a top company official has said. The company which sells cosmetic and wellness products in India also expects a double-digit growth [...]

Maha sugar production all-time high this year: Official

Aurangabad, Apr 10 (PTI) Maharashtra has recorded an all-time high sugar production of 132 lakh tonnes this year, state sugar commissioner Shekhar Gaikwad has claimed. But, despite the high production, there is less possibility of the sugar prices coming down, the official told PTI on Saturday while speaking about issues related to excess sugarcane production [...]