Page 1425 - Economy & Policy News
Govt engaging with drug makers to ramp up production of anti-fungal drug
The government is engaging with the drug manufacturers to ramp up the production of an antifungal drug used for the treatment of mucormycosis, says Chemicals and Fertilizers Ministry
 "Govt engaging with drug makers to ramp up production of anti-fungal drug")
India's fuel demand drop 9.4% in April due to Covid-19 second wave
India's fuel demand slumped 9.4% in April when compared to the preceding month as lockdowns clamped in several states to curb the second wave of coronavirus sweeping the nation pummelled demand
 "India's fuel demand drop 9.4% in April due to Covid-19 second wave")
UN expects India's GDP to grow 7.5% in 2021, outlook fragile due to Covid
The United Nations has raised India's growth forecast to 7.5 per cent for calendar year 2021, but said the country's outlook for the year remains highly fragile
 "UN expects India's GDP to grow 7.5% in 2021, outlook fragile due to Covid")
Job activity declines in most Indian industries in April amid Covid wave
As India battles the lethal second Covid wave, industries like travel and tourism, education and engineering, cement, construction, iron/steel continue to show decline in job postings
 "Job activity declines in most Indian industries in April amid Covid wave")
Non-basmati rice exports surge in FY21 due to global demand, savvy pricing
India responded quickly to opportunities thrown up by the pandemic, and the hiccups faced by competing nations to put up a sterling performance in non-basmati shipments abroad
 "Non-basmati rice exports surge in FY21 due to global demand, savvy pricing")
India's move to allow 5G trials without Chinese firms a sovereign one: US
India's recent decision authorising 5G trials without Chinese companies Huawei and ZTE is a sovereign one, a top State Department official has said
 "India's move to allow 5G trials without Chinese firms a sovereign one: US")
BS webinar on De-risking the Risk Business: 'Digital road too has potholes'
Traditional data sources such as demographic data or exposure data are increasingly combined with new sources such as online or telematics-data
 "BS webinar on De-risking the Risk Business: 'Digital road too has potholes'")
Petrol prices above Rs 100 a litre in Maharashtra, MP and Rajasthan
The increase took petrol and diesel prices to their highest-ever level across the country.
 "Petrol prices above Rs 100 a litre in Maharashtra, MP and Rajasthan")
Second wave of Covid-19 pandemic clouds renewable energy growth in India
Shreya Jai crunches the forecast provided by IEA and what it means for the world and India in 2021
 "Second wave of Covid-19 pandemic clouds renewable energy growth in India")
Two new product structures for title insurance likely: Here're the details
The regulator has now asked for inputs from stakeholders on recommendations of the working group by May 31, 2021
 "Two new product structures for title insurance likely: Here're the details")
Govt likely to drop plan to decriminalise cheque bounce offences
It would seek directions from a Supreme Court panel formed to expedite the pendency of cheque bounce cases before taking a final call
 "Govt likely to drop plan to decriminalise cheque bounce offences")
Low premiums make firms wary of Covid-19 pandemic covers, say experts
Since their launch in July last year, these covers have generated strong sales, which started slowing towards the end of FY21
 "Low premiums make firms wary of Covid-19 pandemic covers, say experts")
Mobile phone production down 50% amid a relentless second Covid-19 wave
Slowdown visible since late February, says IDC
 "Mobile phone production down 50% amid a relentless second Covid-19 wave")
4% more households demand work under MGNREGA in April, shows data
The April work demand was much higher than the same month last year when the figure was 13.4 million
 "4% more households demand work under MGNREGA in April, shows data")
Moody's cuts India's FY22 GDP forecast to 9.3%; rules out rating upgrade
Owing to Covid pandemic, rating agency sees India's general govt deficit at 11.8% of GDP in FY22 as against previous forecast of 10.8%
 "Moody's cuts India's FY22 GDP forecast to 9.3%; rules out rating upgrade")
I-T dept goes after hospitals taking cash payment to treat Covid patients
Response from Minister of State for Finance Anurag Thakur and I-T department is carried at the end of the story
 "I-T dept goes after hospitals taking cash payment to treat Covid patients")
Ambitious target of $400 bn exports can be achieved this year: Goyal
A sharp rise in exports in April is giving a hope that the ambitious target of $400 bn merchandise shipments can be achieved this year, says Commerce and Industry Minister Piyush Goyal
 "Ambitious target of $400 bn exports can be achieved this year: Goyal")
Mining, construction equipment industry may grow by 15-20% in 2021: ICRA
ICRA said the mining and construction equipment industry is likely to grow by 15-20 per cent in the calendar year 2021
 "Mining, construction equipment industry may grow by 15-20% in 2021: ICRA")
Moody's revises its outlook for airlines to positive on Covid vaccination
Moody's Investors Service revised its outlook for the global airlines industry to positive from negative, reflecting that industry fundamentals will materially improve over the next 12 to 18 months
 "Moody's revises its outlook for airlines to positive on Covid vaccination")
Nomura cuts FY22 GDP growth estimate to 10.8% due to Covid lockdowns
Japanese brokerage Nomura cut its GDP growth estimate for the current 2021-22 fiscal to 10.8 per cent from the earlier 12.6 per cent, blaming the impact of the second wave-induced lockdowns
 "Nomura cuts FY22 GDP growth estimate to 10.8% due to Covid lockdowns")