No overcapacity in textiles, steel sectors: DGTR

NEW DELHI: India on Wednesday rejected allegations of surplus capacity in the textiles and steel sectors, saying that per capita consumption of these products in the country remains among the lowest in the world.The remarks assume significance as USTR launched a probe regarding the acts, policies, and practices of 16 economies, including India, under Section…

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ADIA arm to sell 2.3% stake in Lenskart

MUMBAI: Platinum Jasmine A 2018 Trust, an investment arm of Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, is selling up to 4 crore shares of Lenskart Solutions, translating to about 2.3% of the company, at a floor price of Rs 486 per share. At the offer price, the ADIA…

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India Agriculture Transformation: Seeds of change: How India’s agriculture went high-output in 12 years

India’s agriculture sector has undergone a significant transformation over the past 12 years, driven by higher public investment, record foodgrain production, expanded irrigation, improved access to credit and a stronger safety net for farmers, according to a government paper released this month.The report, titled Empowering India’s Annadatas, outlines how agricultural policy has evolved from a…

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Global Trade: Countries protecting domestic industries, India no exception: Piyush Goyal on global trade

Commerce and industry minister Piyush Goyal on Thursday said countries around the world are increasingly protecting their domestic industries, including in sectors such as steel, but India continues to navigate global trade challenges through dialogue, cooperation and trade partnerships.Speaking at the India Global Innovation Connect, he said such measures are part of global trade realities…

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