Page 1426 - Economy & Policy News
Bharat Biotech trial nod a turning point for paediatric Covid-19 vaccine
Bharat Biotech has already conducted trials on children 12 years and above
 "Bharat Biotech trial nod a turning point for paediatric Covid-19 vaccine")
IIP shoots up on low base, retail inflation eases to a three-month low
Economists say policy rate reduction unlikely
 "IIP shoots up on low base, retail inflation eases to a three-month low")
India adds 12.1 GW power generation capacity in FY21: Report
India added 12.1 gigawatt (GW) power generation capacity in 2020-21, of which 7.7 GW was from renewable energy sources, according to a report.
 "India adds 12.1 GW power generation capacity in FY21: Report")
AIMTC seeks blanket loan moratorium for transporters till August 31
Transporters' apex body AIMTC said it has requested the government for a blanket loan moratorium for the sector till Aug 31, 2021 in the prevailing scenario to help in maintaining business continuity
 "AIMTC seeks blanket loan moratorium for transporters till August 31")
Top headlines: Retail inflation eases in April; IIP grows in March
Business Standard brings you the top stories this evening
 "Top headlines: Retail inflation eases in April; IIP grows in March")
April retail inflation eases to 4.29%; March IIP grows 22.4%: Govt data
Inflation in the food basket was 2.02% in April, down from 4.87% in the preceding month; industrial production shrinks 8.6% in FY21 compared to 0.8% contraction in FY20
Once a prized asset, is oil giant ONGC nearing the end of the road?
The oil it drills is expensive, the company does not have a clear road map for the future despite its Energy Strategy 2040
 "Once a prized asset, is oil giant ONGC nearing the end of the road?")
I-T Dept issues refunds to tune of Rs 17,061 crore so far in FY22
The Income Tax Department on Wednesday said it has issued over Rs 17,061 crore of refunds to more than 13 lakh taxpayers so far this fiscal year.
 "I-T Dept issues refunds to tune of Rs 17,061 crore so far in FY22")
Urgent need for at least 5% remission rate for aluminium sector: AAI
The Aluminium Association of India (AAI) on Wednesday expressed urgent need for at least 5 per cent remission rate for the sector under the tax refund scheme RoDTEP to ensure global competitiveness.
 "Urgent need for at least 5% remission rate for aluminium sector: AAI")
Govt approves procurement of 150,000 units of DRDO's 'Oxycare' system
The government approved the procurement of 1,50,000 units of 'Oxycare' system developed by the Defence Research and Development Organisation to help in the treatment of Covid patients
 "Govt approves procurement of 150,000 units of DRDO's 'Oxycare' system")
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")