The world has changed drastically after Cornavirus intervention. Surviving the virus is one thing, another is surviving its impact on the global economy. Every nation is trying too hard to revamp the economy with some of the other methods. Underneath we have discussed COVID Impact, briefly and a full-proof method for global trade, read through:
India on Monday, 14 September 2020 prohibited all the onion exports including cut, sliced, or in powder form. This new rule was passed by the Directorate General of foreign trade(DGFT)
As per the latest notification, the restriction to ship Bangalore rose onions and Krishna Puram onion was also stated.
Rice is a part of every world cuisine and every household, from Italian risotto to Indian biryani. However, there are different rice qualities which are preferred for its quality, texture, grain size, etc. IR 64 is one of the many rice qualities and its preferred world over. There are certain reasons why IR 64 rice is so popular. The following are a few of the many reasons, read through
India is an agriculture dominated economy, 70% of the rural population in India is dependent on agri-goods for their livelihoods, in the last recorded term, the country produced 275 million tonnes of food grain. Agricultural industry provides business to other sectors too like the food supply industry, logistics, storage industry etc. In short, agriculture is highly responsible for economic sustainability of the country. Just not for self-sustainability, Indian food supply chain is spread globally as well. Indian government is always trying to elevate the farming sector, however for the first time ever organisations are considering the plea of suppliers as well. Private sectors are recognizing these needs in-order to create a smooth supply chain. Followed are two latest setups revolutionising agricultural trade.
The Indian rice export supply chain is struggling due to the limited availability of containers and scarcity of the labor at the biggest handling port on the east coast after novel COVID-19 cases jumped in the region.
Trading is the foundation of any economy and a well-established country always has a very smooth trading process. Trading both international and domestic impacts the global economic growth. It is a century-old system but with changing times it has evolved colossally. From community trading, domestic trading to global trading, everything has progressed with the help of travel advancement. The world is now conducting border-less trade, however, the trading techniques are not so advanced yet. Traders still tend to follow the traditional procedures and invest a high amount of time and money to attain orders.
What is the Difference between Trade and Non Trade Cement
Cement as you may know is a binding agent, used for various construction purposes from homes to offices, towers, bridges, dams, etc. Anything that needs construction, needs cement.
Cement requirement is sometimes low scale (house construction) or high scale (dam construction). It is the quantity requirement that becomes the deciding factor of the selling price. If the quantity is excessive it is impossible to procure it at the generic MRP. To make this a feasible process companies have two categories of trade and non-trade cement. Below we have tried to compare the two and laid out their basic differences. Follow to understand the two:
Cement companies don’t directly sell cement for smaller requirements. They generally have retailers or distributors for smaller purchases. These retailers either keep a specific brand’s cement or different brands, depending on their dealing. Trade cement is the costlier of the two because of the quantity and taxes. When the quantity is less, overhead charges like traveling, labor, utilities, etc are more and they are added to the cement cost. Taxes add to the cost as well, trade cement taxes are to be paid immediately at the time of purchase. In trade cement chances of unknown middlemen can sometimes add to the cost too.
Cement sold directly from the plant to the end-consumer is Non-trade cement. These end consumers are generally high-end construction companies with big construction assignments.
Companies eligible to buy non-trade cement are builders, contractors, or institutes involved in any project, NGO, or government. Non-trade cement is way cheaper due to the large cement quantities, any extra cost is lesser in comparison but minimum order quantities of Non-trade cement are exorbitant.Purchase taxes of non-trade can be paid at the end of a financial year and is not added to current paying charges,
In non-trade, companies dispatch the material directly to the destination without any interference from any middlemen whatsoever.