Food

Business

Roving Periscope: Gotabaya resigns; Ranil sworn in as Acting President

July 15, 2022 virendra pandit

Virendra Pandit New Delhi: Prime Minister Ranil Wickremesinghe was on Friday sworn in as Acting President of crisis-ridden Sri Lanka after the fugitive incumbent, Gotabaya Rajapaksa, submitted his resignation from Singapore to Parliament Speaker Mahinda Yapa Abeywardena, the media reported. The Speaker told party leaders that Parliament will meet on July 20 to elect […]

Business

Integrated food parks: The UAE to invest $2 billion in India

July 14, 2022 virendra pandit

Virendra Pandit New Delhi: The United Arab Emirates (UAE) on Thursday announced the investment of USD 2 billion (Rs. 16,000 crores) to develop a series of integrated food parks across India as part of efforts by the four-nation grouping I2U2 (India-Israel-UAE-USA) to help tackle food insecurity in South Asia and the Middle East. […]

English

Restrictions Imposed on Export of Wheat Flour

July 7, 2022 Editor In Chief

NEW DELHI, July 7: The centre on Thursday imposed restrictions on outbound shipments of wheat flour or atta, maida and semolina, a move aimed at containing price rise. Exporters of these commodities would now need approval of the inter-ministerial committee on export of wheat for the shipments from July 12. The move banning export of […]

Business

Sri Lanka: Economy has collapsed, PM Wickremesinghe admits in Parliament

June 22, 2022 virendra pandit

Virendra Pandit New Delhi: Acknowledging the grim situation in Sri Lanka, Prime Minister Ranil Wickremesinghe on Wednesday said in Parliament that the debt-ridden economy in the island country has completely collapsed. After months of shortages of food, fuel, and electricity, Sri Lanka cannot even import oil because of a lack of foreign exchange. “We […]

Business

Trade: After 9 years, WTO seals deals; India gains, says Piyush Goyal

June 17, 2022 virendra pandit

Virendra Pandit New Delhi: Union Commerce and Industry Minister Piyush Goyal said on Friday that New Delhi has achieved “spectacular success” at World Trade Organization (WTO)’s biennial ministerial conference (MC12) by successfully ensuring the livelihood of farmers and fishermen, and also convinced other countries to waive patents for manufacturing Covid-19 vaccines. The minister, who […]

Business

Roving Periscope: With no fuel for transport, Sri Lankan economy coming to a grinding halt

June 17, 2022 virendra pandit

Virendra Pandit New Delhi: The economy of cash-strapped Sri Lanka, which defaulted on its external debt in April amid its worst financial crisis, is now coming to a grinding halt as the island country is running out of fuel for transport and there is no sign of how and from where fresh supplies would […]

Business

Roving Periscope: How the US is pushing Russia into default?

May 26, 2022 virendra pandit

Virendra Pandit New Delhi: On Wednesday, the USA subtly pushed Russia closer to the brink of a historic debt default by not extending its license to pay bondholders, as Washington ramped up pressure following Russia’s invasion of Ukraine. On its website, the US Treasury Department said it would let lapse a license that expired at 12:01 […]

Business

Pakistan: Announce polls in 6 days, or I’ll return to Islamabad, Imran’s ultimatum

May 26, 2022 virendra pandit

Virendra Pandit New Delhi: As Pakistan turned into a battleground amid massive military presence and continued its descent into a Sri Lanka-type economic collapse, ousted Prime Minister Imran Ahmed Khan Niazi on Thursday morning declared he will return to Islamabad if his successor Shehbaz Sharif’s coalition government failed to announce fresh parliamentary elections within […]

Business

Sri Lanka: India delivers humanitarian aid of over SLR 2 billion

May 24, 2022 virendra pandit

New Delhi: Indian High Commissioner to Colombo Gopal Baglay handed over a large cargo of humanitarian aid valued at over SLR 2 billion to Sri Lankan Foreign Minister Prof. G.L. Peiris in Colombo on Sunday. Expressing gratitude, Prime Minister Ranil Wickremesinghe tweeted: “Sri Lanka today received Rs. 2 billion worth of humanitarian aid, including milk […]

Business

Food crisis: After banning wheat exports, India may limit sugar outflow to 10 MT

May 24, 2022 virendra pandit

Virendra Pandit New Delhi: After banning wheat export, India may limit sugar export also to keep prices in check at home, in fresh signs that the world may descend into a grim food crisis and inflated prices of essential commodities in the months ahead. In April, as the inconclusive Russian invasion of Ukraine prolonged, […]