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Budget: A positive influence
The focus during the budget session was predominantly on infrastructure, affordable housing, agriculture, rural development, employment, speedy accountability, prudent fiscal management and transparency in taxation, says Amit Gugnani.
Pak cotton output may rise
The output of the cotton crop in Pakistan is likely to improve during this season mainly due to favourable weather conditions. It is being projected that Pakistan's cotton crop is expected to be 10.6 million bales, slightly higher than 9.7 million recorded in the last year.
Challenging times for Oerlikon
Oerlikon’s results in the third quarter of 2016 reflect the continued positive development in the surface solutions business, but were still impacted by weak market demand in filaments equipment, and in the agriculture and energy sectors.
ZIP | A leader of industrial fasteners
Established by Deepesh R Sheth, Zenith Industrial Products (ZIP) is one of the leading manufacturers and suppliers of industrial fasteners in India.
Eliminating export subsidies
Since India did not have export subsidies during 1986 to 1988, which is the base period per the Uruguay Round Agreement on Agriculture (AOA), India is not entitled to export subsidies. However, subsidies to reduce the cost of marketing, transportation costs, handling and processing costs are permitted without circumventing the export subsidy reduction commitments.
Suvin to devise textile strategy for Afghanistan
With Suvin signing an international project with Afghanistan for development of Cotton Value Chain in Afghanistan, there is one more feather in the Suvin’s Cap in terms of international projects. Comprehensive Agriculture and Rural Development – Facility (CARD-F) is an agriculture & rural development programme of the Islamic Republic of Afghanistan. CARD-F aims to increase rural employment, income and business opportunities through the design, facilitation and implementation of commercially viable agricultural value chain.
India to export more cotton?
The US Department of Agriculture (USDA) has raised India’s cotton export forecast in April 2016 on account of increased demand form Pakistan. India’s exports are boosted 250,000 bales to 5.8 million on strong demand, especially from Pakistan, USDA said in its latest report. “Strong textile exports, especially of apparel and bed wear, have forced Pakistan’s textile sector to look to imported cotton, especially from India, to make up for a significantly smaller crop,” according to the report.
Pak’s low cotton output
The Government of Punjab in Pakistan has formed a committee to investigate the causes of low cotton production this year.