Wait...
  1. Home >
  2. Export Import News >
  3. Import Business News >
  4. The rural development ministry has transferred around Rs 7,825 crore (till April 7) to 15.65 crore

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

The rural development ministry has transferred around Rs 7,825 crore (till April 7) to 15.65 crore


Date: 09-04-2020
Subject: The rural development ministry has transferred around Rs 7,825 crore (till April 7) to 15.65 crore
India's coal import in March stood at 15.74 million tonnes (MT), down 27.5 percent over last year, due to restrictions imposed at various ports in the wake of coronavirus outbreak in the country.

The country had imported 21.72MT of coal in March last year, according to a provisional compilation by mjunction services based on monitoring of vessels' positions and data received from shipping companies.

However, the country's coal import registered an increase of 3.2 percent to 242.97MT in 2019-2020.

"On a progressive basis, total coal and coke imports during 2019-2020 (April 2019-March 2020) stood at 242.97MT (provisional), about 3.24 percent higher than 235.35MT imported during the previous fiscal (April 2018-March 2019)," it said.

According to mjunction MD and CEO Vinaya Varma, "the lockdown imposed across the countries due to novel coronavirus pandemic has had a cascading effect on this sector. There was a significant drop in India's coal import volumes due to both demand and supply side factors, i.e. offtake, consumption, logistics and despatches".

Varma further said "the sentiment remains subdued and we expect volumes to keep low in the near-term". Of the total imports in March 2020, non-coking coal was at 11.73MT, against 16.94MT imported in February 2020.

Coal minister Pralhad Joshi had earlier said the Centre will stop the "substitutable import" of coal in the next three to four years.

India imported 235MT of coal in 2018-2019 valued at Rs 1.7 lakh crore, Joshi had earlier said.

COVID-19 has wreaked havoc across the world, including india. There are more than 14.30 lakh declared cases of coronavirus worldwide. In India, the tally of confirmed coronavirus cases has crossed the 5000-mark.

Source:- moneycontrol.com

INFODRIVE INDIA Copyright 1996-2017 InfodriveIndia. All Right Reserved

The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

Infodrive India Pvt Ltd

Delhi :
  F-19, Pocket F, Okhla Phase-I
      Okhla Industrial Area

      New Delhi- 110020
   011 - 40703001

Kolkata :
  5th Floor Stesalit Towers,
      E-2-3, EP & GP Block,

      Sector-V, Salt Lake City,
      Kolkata-700 091
   033 - 71177191

INFODRIVE INDIA Copyright © 1996-2020 InfodriveIndia. All Rights Reserved.
Please read our Terms of Use and Privacy Policy before you use.

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+