Nbs

The revisions showed that the services sector contributed more to GDP in 2018 than the original data had indicated, the National Bureau of Statistics said in a statement.

China's industrial profits surge in October, take sting off government debt crackdown

The vast industrial sector has been boosted by a year-long, government-led construction spree, helping lift demand and prices for building materials and taking the edge off higher borrowing costs.

China factory activity slows in October

The manufacturing purchasing managers' index (PMI), a gauge of factory conditions, stood at 51.6 in October, the National Bureau of Statistics (NBS) said, compared to 52.4 in September, which marked a five-year high.

China likely to import more food grains as output declines

National grain output stood at about 616 million tonnes in 2016, down by about 5.2 million tonnes, about 0.8 per cent, compared with last year, data released by the National Bureau of Statistics (NBS) said.

China October home prices rise 12.3% yoy, monthly growth slows

Compared with a month earlier, home prices rose 1.1 percent, slowing from September's 2.1 percent, according to Reuters calculations from data issued by the National Bureau of Statistics (NBS).

China industrial profit growth slows, signals fragile recovery

The September data from National Bureau of Statistics (NBS) underlined the daunting task facing policy makers as the nation's vast manufacturing industry grapples with slack demand, overcapacity and ballooning debt.

China changes GDP data calculation style to better accuracy

There has long been widespread scepticism about the reliability of Chinese data, especially as the government has sought to tamp market expectations of a protracted slowdown in the world's second-largest economy.

China new July home prices rise +0.3% m/m, -3.7% y/y

Nationwide new home prices rose 0.3 percent on month in July, versus a 0.4 percent gain in June and May's 0.2 percent rise.

India Ratings expects fertiliser subsidy to grow in FY16

India Ratings expects fertiliser subsidy to grow in FY16

China's industrial profit improves

Major Chinese industrial firms combined profits rose to 11.6 per cent year-on-year in July, improving from 6.3 per cent seen in June, pointing to the recovery of the world's second largest economy.

Govt cuts subsidy on phosphate, potassium fertilisers

The government on Wednesday annouced around 15 percent cut in nutrient- based subsidy (NBS) rates for phosphate and potassium based fertilisers for 2013-14 following falling global prices.

China March CPI up 2.1% YoY, PPI falls 1.9% YoY

China's annual consumer inflation eased to 2.1 percent in March from February's 3.2 percent data showed on Tuesday, below market forecasts and leaving policymakers room to keep monetary conditions loose to support a burgeoning economic recovery.

Construction drives China March services PMI higher

China's official purchasing managers' index (PMI) for the non-manufacturing sector rose to 55.6 in March from 54.5 in February, adding to signs of a modest uptick in the world's second-largest economy.

Sell MCX Gold below Rs 31150; SL Rs 31230: Dani Commodities

Dani Commodities has come out with its report on commodities. According to the research firm, one can sell MCX Gold below Rs 31150 with a stop-loss of Rs 31230 for the target of Rs 31070.

Indian Fertilizer: Neutral outlook for urea sector by ICRA

ICRA Research Service has come out with its report on Indian fertilizer sector. The research firm, expects the participants in the urea sector to continue to report steady returns in the near term with policy expectations increasingly pointing towards modified NPS-III (New Pricing Scheme-III).

Volume decline continues in fertiliser sector: P Lilladher

Prabhudas Lilladher has come out with its report on Indian agri products. The research firm expects the demand of non-urea fertiliser to see further contraction (may be sharper than Apr-Nov) in the short term.

'New urea investment policy to be rolled out over 4-5 yrs'

The Committee of Secretaries has been working on a new draft for urea investment policy. Saumitra Chaudhuri, member of the Planning Commission indicated that they have been discussing many alternatives for the new urea investment policy currently and it will be rolled out over next four-five years.

Gas price must be via market mechanism: Chawla Committee

The government has accepted the Chawla Committee recommendations on natural resources. The report talks on various aspects like pricing and allocation of precious natural resources, reports CNBC-TV18's Aakansha Sethi.

Nutrient-based subsidy for urea a positive step: ICRA

ICRA has come out with its report on nutrient-based subsidy (NBS). As per the research firm NBS mechanism for urea is a positive step towards market-linked farm gate pricing, but impact likely to be neutral for the credit profile of gas-based urea manufacturers.

Subsidy revision on expected lines: Coromandel

Speaking to CNBC-TV, Kapil Menon, MD, Coromandel International said that Cabinet's move was awaited and was on expected lines. Revised rate will surely help the industry to arrange for supplies as well as ensure adequate amount of availability of fertilisers.

Cabinet okays revision in nutrient-based fertilizer subsidy

The cabinet has approved revision in nutrient-based subsidy (NBS) on fertilizers with effect from April 1, 2011. The government would be spending Rs 33,500 crore for NBS.

Hike in fertiliser sop close to industry needs: Chander

The Fertiliser Association of India is delighted at the government’s decision to hike fertiliser subsidy. In an interview to CNBC-TV18, Satish Chander, Director General of the association said that hikes have been close to the industry requirements.

See 17-18% reduction on urea subsidies: FACT

In an exclusive interview with CNBC-TV18, Shankar Narayan, CMD, FACT expects a 17-18% reduction on subsidies. He added that unless the government reduced its subsidy, he would be forced to increase prices.