Monday 28 September 2015

Top economy news of the day- September 28, 2015

The Rubber Board, under the Commerce Ministry, has backed a proposal to permit 100% foreign direct investment into the plantation sector.


newspaper
The Rubber Board, under the Commerce Ministry, has backed a proposal to permit 100% foreign direct investment (FDI) into the plantation sector.

To tackle the declining trend in Arabica production, all producing countries of the variety have joined hands for a coffee research programme. Under this programme, the producers have agreed to share the Arabica coffee varieties and evaluate among them in the 11-12 coffee growing countries. According to FAO statistics, coffee yield level in India at 845.6 kg/hectare is far below the 2013 Vietnam yield level of 2,499.1 and Brazil’s 1,421.5.

The government's ambitious plan to replace conventional street lights with energy-efficient LED lamps in cities is gathering momentum as six urban local bodies (ULBs), including Agartala and Vizag, have already completed the job. Besides, as many as 90 municipalities have finalised agreements under the Street Light National Programme for the replacement.

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