Defence Products’ Exports To Exceed Rs. 35,000 Crore Target

In 2019-20, the Centre has set a target of Rs. 20,000 crore. KOLKATA:  With the growing trend of shipments in recent years, exports of defence products will exceed the Rs. 35,000 crore target by 2024-25, an official said. “I expect the exports will surpass the target of Rs. 35,000 crore by 2024-25,” Defence Production Department Secretary Ajay Kumar told PTI. Defence components are key drivers, he said. Mr Kumar was in the city to promote private sector participation in defence production and also inaugurated a facilitation centre for the  defence production at Bharat Chamber of Commerce.…

Read More

FLORIDA PAYS $600,000 RANSOM TO HACKERS WHO PARALYSED THE CITY’S COMPUTER SYSTEMS

A Florida city agreed to pay $600,000 in ransom to hackers who took over its computer system, the latest in thousands of attacks worldwide aimed at extorting money from governments and businesses. The Riviera Beach City Council voted unanimously this week to pay the hackers’ demands, believing the Palm Beach suburb had no choice if it wanted to retrieve its records, which the hackers encrypted. The council already voted to spend almost $1 million on new computers and hardware after hackers captured the city’s system three weeks ago. The hackers…

Read More

India’s coconut products export to cross ₹2,000 crore in FY19

A higher price realisation of activated carbon in the overseas market has pushed up India’s coconut product exports to cross the ₹2,000 crore mark in FY19. The country exported 80,467 tonnes of activated carbon valued at ₹1123.64 crore till January this year and the total exports in overall products stood at ₹1812.55 crore. The final figures are yet to be compiled, but it is set to touch the range of ₹2,100 crore up to March this year. Activated carbon fetched a price of ₹140/kg in FY 19 vis-a-vis ₹100/kg in FY18. The low price of coconut…

Read More

Pakistan exports over 100,000 kg human hair to China

Pakistan has exported to China over 100,000 kg of human hair valued at USD 132,000 over the last five years. The Ministry of Commerce and Textile told the National Assembly that 105,461 kg of human hair was exported to China in the last five years, the Dawn reported. Demand for human hair has increased in China due to growth in the makeup industry. The other reason for the increase in the export of human hair is that there is little trend for wearing wigs for fashion, AM Chauhan, a prominent…

Read More