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DEVALUATION OF RICE
This wooden box was once a bank in villages. Why Sridhar Vembu of Zoho is speaking about it nowRice was once used as currency in villages, but its value declined as farmers relied more on external products. This shift led farmers from...
Tea, rice exports to Iran may take a hit on rial devaluationIran's currency devaluation threatens Indian tea and basmati rice exports. The increased cost of imports may hinder sales of premium orthod...
India supplies another 40,000 metric tonnes of diesel to crisis-hit Sri LankaOn Friday, the mission here said that an Indian ship laden with urgent relief supplies like rice, medicines and milk powder for the people ...
News from the Island isn't very good for many Indian entitiesThe listed Sapphire Foods, which operates quick service restaurant brands KFC and Pizza Hut in the sub-continent including India and Sri La...
Sri Lanka crisis: Massive public anger threatens future of Rajapaksa govtThe economic hardships are translating into massive anger against the Rajapaksa family that dominates the government. Deep anger is palpabl...
What is the current state of the Sri Lankan economy which has been facing headwinds since the Covid-19 outbreak?Foreign exchange reserves plummeted by almost 70% in two years. As of February, the country was left with only $2.31 billion in its reserve...
India starts supplying rice to Sri Lanka in first major food aidThe Indian Ocean island nation of 22 million people is struggling to pay for essential imports after a 70% drop in foreign exchange reserve...
How Sri Lanka's economy spiralled into crisisA severe shortage of foreign currency has left Rajapaksa's government unable to pay for essential imports, including fuel, leading to debil...
Sri Lanka seeks additional $1 billion credit line from India -sourcesSri Lanka has sought an additional credit line of $1 billion from India to import essentials amid its worst economic crisis in decades, two...
UPL Q2 results: Net profit jumps 166% to Rs 537 crore; revenue rises 14%Revenue from operations stood at Rs 8,939 crore, an increase of 14 per cent from Rs 7,817 crore reported last year.
Rice exporters in India seek European pesticides norms“In many cases, pesticide manufacturers are unwilling to register their products in high potential markets as they find the process costly ...
Basmati paddy prices steady despite headwinds in global tradeThe raw material prices are expected to be steady for the harvesting season ahead due to better quality of the crop and hope that the expor...
Indira Gandhi's rupee devaluation master stroke: The forgotten legacy of 6/6/66June 6, 1966 turned out to be a defining day in independent India's economic history. It was the day on which Indira devalued the rupee by ...
Chinese President Xi Jinping looking more vulnerable than ever ahead of US visit: ReportAhead of his visit to the US next month, Chinese President Xi Jinping is "looking more vulnerable" than at any time since 2012.
Prices of food, grocery likely to rise 10-20% more on rupee fallPrices of edible oil, rice, milk and dairy products, vegetables, packaged food such as juices, butter and ice cream, and imported gourmet a...
Rupee devaluation has put Indian exporters under troubleDevaluating Rupee is making things tighter for the small and medium sector merchant exporters from West Bengal having their trade link main...
- Iran’s multiple exchange rate to hit rice exports
Till October 31, 2012, India has exported 19.8 lakh tonne of basmati rice to Iran. Media reports from Iran say that the country has narrowe...
- PA Sangma targets Pranab Mukherjee for economic slowdown
Sangma, who is supported by BJP, AIADMK and BJD, was talking to reporters during a visit to the Golden Temple.
- Exporters & refiners a worried lot as US-Iran standoff rages on
The US-Iran standoff over Tehran's nuclear programme flared on Wednesday, rattling Indian refiners, who fear a jump in crude prices if supp...
- Falling US dollar hurting our rebuilding work: East Timor Prez
The depreciating US dollar and rising oil prices are taking a toll on East Timor's efforts to rebuild its shaky economy, the impoverished S...