The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved a Food Ministry proposal to export two million tonnes of wheat from its buffer stock in an attempt to ease the storage crisis.

Miners are now pressuring the state government to lift the export ban to boost their business

A two-year old ban on iron ore exports from Karnataka which has halved shipments from the world's No. 3 supplier will be the focus of an industry gathering in Bangalore as pressure mounts for the restriction to be lifted. Karnataka, where iron ore mining is also severely limited, has been the poster state for India's efforts to crack down on illegal mining.

PANJIM: While iron ore production in Goa declined, bauxite mining tripled during the financial year 2010-11, as indicated by the knowledge paper released during the recently held Investor’s Forum in Panjim.

The knowledge paper was released by Chief Minister Manohar Parrikar during the Investor’s Forum organized on June 30, by Federation of Indian Chambers of Commerce and Industry (FICCI) and Goa Chamber of Commerce and Industry (GCCI).

Sanjay Reddy, GVK vice-chairman, and Georgina Hope Rinehart, chairman, Hancock Prospecting Pty Ltd., the co-owners of the Alpha Mine & Rail project in Queensland, Australia, have expressed confidence of securing an early environmental clearance from Australian federal authorities.

Ms. Rinehart, who flew into the city to attend a board meeting, told reporters in the presence of GVK chairman G.V.K. Reddy and Mr. Sanjay Reddy, that the project was of immense importance to both Australia and India with the former having lot of coal and the latter requiring it. “Massive projects like this are revenue providers”, she added.

Absence of export duty and relatively low capital requirement make it an attractive option

Iron ore miners in Karnataka, facing uncertainty over possibility of exports in the near future, are increasingly looking at new opportunities to earn higher profits. A large number of miners is exploring the possibility of diversifying into manufacturing and export of pellets, because of the absence of any duty on pellet exports. At present, the demand for pellets in India is estimated at 37 million tonnes per annum (mtpa) and is projected to double to 76 mtpa by 2016-17.

NEW DELHI, 24 JUNE: India is planning to export two million tons of wheat from the government stock involving a subsidy of Rs 1,000 crore, and a decision in this regard is expected soon.

New Delhi has to fully factor in its regional strategic and energy needs in its relationship with the US

India may soon be allowed to export rice to China.

Now, consumers can make ‘informed choice’ on buying packaged food products

Consumers in India can now make “informed choice” on whether they want to buy packaged food products that are genetically modified or contain genetically modified ingredients. The Ministry of Consumer Affairs, in an extraordinary gazette notification, has made an amendment to make labelling of every package containing genetically modified food mandatory from January 1, 2013.