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NR IMPORTS
RBI looks to revive NRI deposit growth through FCNR(B) route, NRO accounts grow fastest: Bank of Baroda reportThe Reserve Bank of India's latest measures to attract foreign currency deposits could help revive NRI inflows after growth stalled in FY26...- Can NRIs use Indian mobile numbers abroad for banking? OTP delays, SIM deactivation and account access issues, know what to doNRIs managing finances abroad often face OTP issues with their Indian mobile numbers. While banks are increasingly supporting international...
- BJP gains in Bengal may accelerate reforms push amid economic headwindsThe dominant National Democratic Alliance constituent at the Centre has registered its maiden victory in West Bengal, retained Assam and Pu...
- TVK Vijay leading in both Perambur and Tiruchirappalli East in early trendsActor-politician Vijay's party emerged as the single largest in Tamil Nadu elections, with Vijay leading in Perambur and Tiruchirappalli Ea...
- Weaker monsoon prediction, Iran war cloud growth outlookIndia's rural economy is faced with potential challenges. A weaker monsoon and rising farm costs from the Iran war could impact growth this...
- Infosys set to discuss CEO transition for post Salil Parekh eraInfosys board members are set to discuss leadership changes. Current CEO Salil Parekh's term concludes soon. A two-year extension is antici...
- India facing acute shortage of natural rubber, prices soarIndia experienced an alarming shortfall in natural rubber for 2023-24, with domestic production unable to meet the growing demand. Rising i...
- Vast stretch of land identified in North East and West Bengal for rubber cultivationImport of NR increased to 546,369 tonnes during 2021-22 compared to 410,478 tonnes during 2020-21. 60% of the import was through duty paid ...
- Draft rubber bill proposes one-time registration, removal of some archaic provisionsThe commerce ministry has proposed the repeal of decades-old laws on rubber and introduced new legislation that seeks to address the challe...
- Tyre industry body ATMA urges government to allow duty-free import of natural rubber"With the production of 7,90,000 tonnes as projected (in normal scenario) by Rubber Board, NR imports to the tune of at least 5 lakh tonnes...
- NR import to touch a record 5.3-5.5 lakh tonnes in FY2019, says ICRAWith demand exceeding supply, domestic NR prices have increased by over 10% during the period Apr-Aug 2018, including an increase of over 5...
- Rubber output hits a 6-year low of 1.26 LTFor the second consecutive month in June, NR consumption breached the one lakh-tonne mark.
- Natural rubber production rises marginally while consumption peaks for 2017-18M K Shanmuga Sundaram, chairman and ED of Rubber Board said the natural rubber (NR) production increased by 0.4% from a year ago to 694,000...
- Indian tyre makers rue shortfall of natural rubberThe tyre industry has been importing block rubber available at?95 per kg to bridge the deficit between production and consumption.
- NR imports declined due to improved domestic availability: ATMARecently Rubber Board had released fresh data for the financial year 2016-17 that showed NR imports declining by 7% as production moved up ...
- Rubber production rises 10% in six monthsThe board is expecting the production to touch 6.54 lakh tonnes this year. It had dropped to one of the lowest in the recent times at 5.62 ...
- Rubber industry protests against port restrictions of NR importAccording to the industry, India already levies one of the highest duties on import of NR and one of the lowest duties on import of finishe...
- Rubber and tyre industry says imports have been less than production-consumption gap this yearQuoting Rubber Board data, the industry has stated that against NR production-consumption gap of 2.55 lakh tonnes in the April-Oct period.
- Rubber industry calls for scrapping cess on import of rubberWith rubber industry depending more on import of natural rubber as international prices go down & supply becomes tight in local mkt, there ...
- Rubber growers hold stocks as local prices fallWith the prices of a key component falling, it remains to be seen whether the tyre industry goes for a price cut to boost sales.
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