Page 1050 - Economy & Policy News
Stock of fertilisers for kharif season exceeds demand, says govt
Stating that there is more stock for supply of fertilisers for this kharif season than the demand this year, the Centre asked the states to not create either a panic situation or spread misinformation
 "Stock of fertilisers for kharif season exceeds demand, says govt")
Delhi airport displaced Dubai as world's second busiest in March
Possibly since other big aviation markets are not yet fully open for international travel, say experts about OAG data
 "Delhi airport displaced Dubai as world's second busiest in March")
As India's Covid-19 cases inch up, recreation and shopping visits show dip
Workplace visits increased and power generation continues to inch up, marking economic recovery
 "As India's Covid-19 cases inch up, recreation and shopping visits show dip")
India's unemployment rate rose to 7.83% in April, shows CMIE data
The unemployment rate in urban areas was higher at 9.22 per cent compared to 8.28 per cent in March, the data released on Monday showed
 "India's unemployment rate rose to 7.83% in April, shows CMIE data")
Wheat procurement down 44% to 162 lakh tonnes till May 1 on higher exports
The Centre's wheat procurement declined by 44 per cent to 162 lakh tonnes till May 1 on higher exports and low arrival in Punjab and Haryana mandis, according to official sources
 "Wheat procurement down 44% to 162 lakh tonnes till May 1 on higher exports")
India and Germany ink agreement for cooperation in agro-ecology
Agriculture Minister Narendra Singh Tomar and Germany's Minister of Economic Cooperation and Development Svenja Schulze signed a declaration in this regard in a virtual meeting, an official statement
 "India and Germany ink agreement for cooperation in agro-ecology")
India's pharma exports touch Rs 1.8 trillion in FY22, flat over FY21
India ranks third worldwide for production in terms of volume and 14th by value, says commerce ministry.
 "India's pharma exports touch Rs 1.8 trillion in FY22, flat over FY21")
India's gold jewellery consumption likely to grow 11% in FY23: Report
India's gold jewellery demand is likely to grow steadily at 11 per cent during the current financial year due to strong retail performance last year, according to a report.
 "India's gold jewellery consumption likely to grow 11% in FY23: Report")
Heat to singe India's wheat supplies, adding to world food shortage worries
That's spurring estimates that yields have slumped 10% to 50% this season, according to almost two dozen farmers and local government officials surveyed by Bloomberg
 "Heat to singe India's wheat supplies, adding to world food shortage worries")
India has enough edible oil to tide over Indonesian crisis for now: Govt
Centre is monitoring prices regularly; has formed special teams to check hoarding
 "India has enough edible oil to tide over Indonesian crisis for now: Govt")
Manufacturing sector sees faster growth amid high inflation in Apr: PMI
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose from 54.0 in March to 54.7 in April, as a retreat of COVID-19 restrictions continued to support demand
 "Manufacturing sector sees faster growth amid high inflation in Apr: PMI")
PMI manufacturing rises to 54.7 in April on robust demand, factory orders
International demand also jumped robustly to a 9-month high after contracting in March and domestic demand was above average.
 "PMI manufacturing rises to 54.7 in April on robust demand, factory orders")
Eminent economist Suman Bery takes charge as Niti Aayog Vice Chairman
Eminent economist Suman Bery on Sunday took charge as the Vice Chairman of the government think tank Niti Aayog, according to an official statement.
 "Eminent economist Suman Bery takes charge as Niti Aayog Vice Chairman")
IRS officer Sangeeta Singh given additional charge of CBDT chairman
Singh will take charge on Monday.
 "IRS officer Sangeeta Singh given additional charge of CBDT chairman")
UK-India defence deal runs parallel to FTA talks, includes work on jet tech
Three rounds of negotiations for what is being called a free trade agreement - actually an interim or limited treaty - have now concluded
 "UK-India defence deal runs parallel to FTA talks, includes work on jet tech")
India, Mauritius pact may include safeguard mechanism related provisions
India-Mauritius trade agreement may include safeguard mechanism related provisions to protect the domestic industry from a sudden or unusual surge in imports of goods
 "India, Mauritius pact may include safeguard mechanism related provisions")
West notwithstanding, imports from Russia jump 33% to $1.1 bn in March
India's exports to Moscow fall 75% in March over Feb
 "West notwithstanding, imports from Russia jump 33% to $1.1 bn in March")
Free trade agreement to facilitate duty-free exports to UAE kicks off
The India-UAE CEPA will benefit almost 90 per cent of India's exports in terms of value
 "Free trade agreement to facilitate duty-free exports to UAE kicks off")
Energy security to be among key areas of talks during Modi's 3-nation visit
Modi begins his visit to the three countries on Monday
 "Energy security to be among key areas of talks during Modi's 3-nation visit")
Fuel sales growth moderates in April as record high prices dent demand
India's petrol and diesel sales growth moderated in April while cooking gas LPG consumption fell as record high prices dented demand, preliminary industry data showed
 "Fuel sales growth moderates in April as record high prices dent demand")