IMP Note for ITC :
“Committee thinks that the FDI in tobacco sector albeit in a regulated manner would stimulate the production and processing of Indian tobacco thereby boosting its export. The Committee, therefore, recommends the Department to undertake a study to analyse the prospects of opening FDI investments in the tobacco sector at the earliest,” the report...
GLOBAL INFLATION - COMMODITIES - COAL PRICES - CHINA.
China can't get enough coal.
China’s coal industry has been hit by a spate of deadly accidents, and harsh safety crackdowns in their wake have limited domestic production.
Combined with strong demand on the country’s economic rebound, it’s pushed coal prices to record levels.