Inflation is expected to remain a key concern both for the government and Reserve Bank of India (RBI), thus reducing hopes of a cut in interest rates, the ASSOCHAM said.Besides, rising prices of steel and Fuel filter Manufacturers other metals like aluminium, copper and so on are pushing the cost of manufacturing. The RBI mandate as also the track record is that it has favoured hard stance against inflation rather than batting for growth, while the governments friendly advice for downward rates may not be available this time around," the ASSOCHAM note for its key Managing Committee members highlighted. So realistically speaking, we should keep our fingers crossed and hope that things do not become apt for taking interest upward, rather than downward.While analysts are giving different takes on the upper level of crude, crossing the 70 dollar per barrel is not ruled out. Anything above this level could be a headache for India, the chamber cautioned.This comes in the wake of the recent surge in prices of vegetables and crude oil that has left vendors as well as the customers in lurch. Therefore, the inflationary expectations would be seeping even in the core inflation (non-food, non-fuel)."While the October numbers show fuel and light inflation at 6..It said the RBI has a mandate to keep the retail inflation in the band of four per cent and the Consumer Price Index growth for October at 5."

However much over-leveraged India Inc may wish it, the macro indicators like inflation and inflationary expectations point towards the opposite.36 per cent annualized, and vegetables at above 7 per cent, onion and tomato may take the retail inflation further up in November."Thankfully, rupee remains stable thanks to robust foreign investment in stock market and through FDI route; or else the currency movement on the upside for the dollar could further make imports more expensive. Firming up crude oil prices are adding to the anxiety," the note said. Going forward, both external and internal factors would weigh on the mind of the Monetary Policy Committee of the RBI.To that extent, the macro picture may pose a challenge even as corporate India hopes for growth revival, which may now have to depend on factors other than cost of borrowing, the chamber noted.38 per cent points towards the threshold, the central bank may not like to breach. The geo-political situation in the Middle East, especially the deteriorating equation between Iran and Saudi Arabia is causing further anxiety, leading to high crude prices," said ASSOCHAM Secretary General D S Rawat.

"Moving to coal is inevitable," said Lalit Goel, the head of a textile industry body around New Delhi.The increased demand for coal to replace petcoke, which will largely have to be met by imports, coincides with increasing coal consumption in India for power generation.To replace petcoke, industries from dyeing units to brick kilns are switching to imports of coal. The jump in imports comes just as other major buyers across Asia have also stepped up purchases.India’s annual demand for petroleum coke, an energy intensive fuel that emits harmful sulphur oxides and ample carbon dioxide when burned, has doubled to 27 million tonnes in the past four years."Indian coal imports will gain momentum in Q4 2017, especially for Indonesian coal," said Rodrigo Echeverri, head of hard commodities research at Noble Group, at an industry event last week.New Delhi/Singapore: A ban on petroleum coke around New Delhi starting from Wednesday will require the country to raise its imports of coal to replace the fuel, just as Asia is heading into the tightest market conditions for coal in years.But demand has picked up in 2017 and coal-fired power plants were left with only five days of inventories on average as of Oct..India is the world’s second-biggest buyer of foreign coal even though imports have held steady in the last two years because of rising local output. Overall Asian coal imports rose above 80 million tonnes in October, after stagnating between 60 million and 70 million tonnes a month for the last two years, the tracking data shows.

Its use was banned around New Delhi to rein in pollution. The country’s environmentalists are trying to stop imports of petroleum coke, known as petcoke, which emits sulphur oxides that are known to cause lung disease and acid rain.Some enquiries were also made about replacing petcoke with high grade, low-sulphur coal from the US, traders said. 26, compared with 15 days at the end of 2016.2 million tonnes of petcoke a year.India’s coal imports will top 18 million tonnes in October for the first time since the middle of 2016, according to ship tracking data on Thomson Reuters Eikon.The national capital region alone consumes 2. The country imports about 14 million tonnes annually, mainly from the US. As a result, traders now expect the first coal supply shortfall in years, and spot Newcastle coal prices at the Australian port of Newcastle have been hovering around $100 per tonne for weeks. A country-wide import ban would require replacing 14 million tonnes of Ultra capacitor components Manufacturers petcoke a year with 24 million to 31 million tonnes of coal, according to industry calculations, most of which has to be imported.Jamil Rahman, a coal trader in Madhya Pradesh, said he has been getting enquiries about replacing local petcoke with Indonesian thermal coal.

 In April, the first month of the ongoing fiscal, Indias coal imports declined marginally to 19."The higher volume of coal and coke imports in September (9.95 MT in 2016-17 on higher production by Coal India Ltd that saw the country move to a regime of surplus coal.1 MT and 1.In Wholesale Fuel filter brands May, they came down to 18.75 MT same month of 2016-17.33 MT (provisional), against 16."Coal imports (all types) in September 2017 stood at 18.15 MT.38 MT a year ago.1 MT increase in non-coking coal imports during the month under review.Of the 18.4 MT pet coke among others.73 MT in September 2016," according to latest data by m-junction services.63 MT in the same month of 2016-17.08 MT as against 19.22 MT, against 21.New Delhi: Coal imports rose by 9.mjunction services is an online procurement and sales platform floated jointly by state-run SAIL and steel behemoth Tata Steel.

There was also an increase in non-coking coal imports in September 2017 on a month-on-month basis," according to mjunction.37 per cent to 191.There was a revival of coal demand post monsoon rains, mjunction CEO Vinaya Varma said, adding that at present the buyers are looking for restocking for the approaching winter months.Besides, he said, the healthy growth in coal-fired generation of late has raised coal demand in the country, resulting in higher off-take from domestic sources as well as imports of the material.50 MT a year-ago.Import of coal saw a decline of 6.38 MT as against 19. In August, the import of coal were down to 18. In June the imports again dropped to 18.6 per cent year-on-year) is mainly due to a 1. CIL accounts for over 80 per cent of the domestic coal production.

"Fuel prices may come down by Diwali festival," said the minister who was on a brief visit here."And everything is crystal clear," he said, ruling out "higher margins" for the companies.Amritsar: Petroleum and Natural Gas Minister Dharmendra Pradhan on Monday said fuel prices may come down by Diwali, which falls next month.Pradhan, who has been elevated as Cabinet minister this month and given additional charge of the Ministry of Skill Development and Entrepreneurship, said prices of refinery oil went up because production of oil dropped by 13 per cent in the US due to floods..When asked about bringing oil under the Goods and Services Tax (GST), Pradhan said that he hoped that it might be brought under the GST.The comments come amid criticism by opposition parties of a Wholesale Extrusion aluminum sharp rise in oil prices after the daily rate revision mechanism was introduced by the government recently. "It will extend enormous benefit to customers.On being asked about margin of the oil companies, he said they are being run by the government.

In 2015 it renegotiated the LNG pricing formula with Qatar’s Rasgas to buy the gas at half the original price. At that time Petronet agreed to buy LNG at a cost equivalent to 14."Indian customers will receive (Gorgon) LNG volumes at an amicable price soon.Petronet’s managing director Prabhat Singh declined comment and Pradhan did not specify changes in the pricing formula.The Gorgon gas prices are now linked to about 13-13.India has been trying to leverage its position as one of the biggest energy consumers to strike better bargains for its companies.Supplies under the deal began from January 2017, with the landed price of gas costing about $11-$13 per million British thermal units (mmBtu), almost double that of Asian Wholesale Ultracapacitor battery spot LNG prices."

Happy to share good news that India has, yet again, been able to address the long-term price issue of LNG from Gorgon to suit Indian market," Pradhan said in a tweet.India’s top gas importer Petronet LNG signed a deal in 2009 with Exxon Mobil Corp to buy 1. This is done in a similar way to what we did with LNG from Qatar," Pradhan said in a tweet.Renegotiation of the deal also shows how softening oil prices and a global supply glut are forcing LNG exporters to offer better deals to retain their share in global energy markets.

The manufacturing process included carbon fibre weaving, chemical deposition and high pressure liquid deposition, it added.In recent weeks the North has threatened to fire a salvo of missiles toward the US Pacific territory of Guam, but has since backed away from the plan and tensions have eased.Wednesdays North Korean reports were largely factual and made none of their habitual threats of "catastrophic consequences" of military confrontation between it and the US.But it said it has done so, and the KCNA report said the nosecones and engine jets were made of "carbon/carbon compound material"..Other pictures carried by the Rodong Sinmun, the official mouthpiece of the Norths ruling party, included missile schematics and what appeared to be production processes.Seoul: North Korea revealed plans for the development of its missile programme on Wednesday, as leader Kim Jong-Un ordered stepped-up production of rocket engines and intercontinental ballistic missile (ICBM) nosecones.Wound-filament casings are significantly harder to manufacture than metal ones but much lighter, giving a missile longer range and the ability to China electric filter factory carry a heavier payload for a given distance.

Questions remain whether the North has mastered the technology needed to ensure a ballistic missile warhead survives the intense heat generated by re-entering the Earths atmosphere."- Carbon compound -The Academy of Defence Sciences develops the Norths missiles, and the official Korean Central News Agency reported that Kim said it was "the pride of our Party to have such unassuming heroes".He also expressed hope that it was a sign of Pyongyangs readiness to enter peace and disarmament talks with Washington "sometime in the near future"."He instructed the institute to produce more solid-fuel rocket engines and rocket warhead tips," it added.Last month it carried out two successful ICBM launches, overseen by Kim and apparently bringing most of its sworn enemy the United States into range for the first time.A series of threats followed from both sides, and while the rhetoric has since eased, the US and South Korea this week kicked off their annual Ulchi Freedom Guardian military drills, which the North always condemns as dress rehearsals for invasion.""If I understand North Korean propaganda, this is their way of telling us what well see in the air in the coming year.The North said it needs nuclear weapons to protect itself against the US, and analysts said pictures released Wednesday of Kims visit to the Chemical Material Institute of the Academy of Defence Science revealed major technological advances and ambitions.It appeared to be made of Kevlar or fibreglass, added independent missile and nuclear analysts George Herbert."We have diagrams and names on two apparent new solid fuel multistage North Korean nuclear capable missiles," one of them an ICBM and the other a medium- or intermediate-range device, said Herbert.Under Kim, Pyongyang has made rapid strides in its ballistic missile technology, which it is banned from pursuing under United Nations resolutions that have slapped it with seven sets of sanctions.