Page 1429 - Economy & Policy News

India's sugar exports on good course; contracts over 50 lakh tonnes so far

India's sugar exports are on a "good course" this year as traders have contracted over 50 lakh tonnes of the sweetener so far, Food Secretary Sudhanshu Pandey said on Monday.

Incorrect to say no provision made for vaccination expenditure: FinMin

'Amount of Rs 35,000 crore shown under Demand for Grants No. 40, titled 'Transfers to States' ; use of this Demand for Grants has several administrative advantages,' says Ministry of Finance

Economic activity down in April, May but shock less severe than 2020: Fitch

Fitch Ratings said the shock to economic activity from the latest wave of Covid-19 pandemic will be less severe than the one in 2020

Temporary entry ban on Indians may impact Malaysia's electronics industry

The coastal state of Penang, which is the Electrical and Electronics (E&E) manufacturing hub of Malaysia, has expressed concerns that this will impact the state's manufacturers

Economy may rebound by Q4 of FY22: Bandhan Bank's Chandra Shekhar Ghosh

The Bandhan Bank MD & CEO is hopeful that the economy will rebound by the third and fourth quarters of the current fiscal

Statsguru: 6 charts explain how Covid-19 is hitting women harder than men

The study also shows the unequal economic impact of the crisis on women, compared to men

Power consumption in India grows nearly 25% in first week of May

The power consumption in April grew 41 per cent to 119.27 BU

Exports rise 80% to $7 bn during first week of May: Commerce Ministry

Continuing a positive growth, India's exports grew by 80 per cent to USD 7.04 billion during the first week of this month, according to preliminary data of the commerce ministry.

EXIM Matters: Funding technology transfer for vax better than IPR waiver

Experts say merely waiving IPR will not raise vaccine supply unless pharma companies transfer the technology and trade secrets that will enable others to produce the vaccines

RBI in Impossible Trinity but ready with reserves, say economists

The RBI cannot have an independent monetary policy (setting domestic interest rates) in an environment of an open capital account and flexible exchange rates, they say

Showing PAN-Aadhaar for Covid treatment not practical: Experts

It would have been more effective, they say, if the exemption in cash payment had been given without any caveats and for a longer period

GST exemption on vaccines will lead to high prices: FM Sitharaman

Statement follows West Bengal CM Mamata Banerjee's letter to PM seeking GST exemption

Raw jute crisis: Govt may have to spend Rs 2,000 cr more to procure bags

Raw jute prices going haywire in the ongoing 2020-21 season may put an additional burden of Rs 2000 crore on the govt exchequer for procuring environment-friendly jute bags for food grain packaging

UP oxygen near 1,000 tonnes/day, CM says state working 24x7 on supplies

State govt to float global tender for urgent procurement of cryogenic tankers; currently, 89 tankers pressed into service to transport medical oxygen

Coronavirus: CAIT demands financial support to lockdown-hit traders

Domestic traders body CAIT body on Sunday urged the Delhi government to give financial assistance to the traders community which has been hit by Covid-19 induced lockdown.

Govt extends antidumping duty on seamless tubes, pipes till October

The government has extended anti-dumping duty on certain types of seamless tubes, and pipes till October 31 this year with a view to guarding domestic manufacturers from cheap Chinese imports

Coronavirus: NCP demands GST waiver on oxygen equipment and drugs

The NCP has sought a waiver of the Goods and Services Tax (GST) on all oxygen equipment and other drugs being procured to tackle the Cobid-19 surge

Over 7.2 million coronavirus vaccine doses still with states, UTs: Govt

More than 7.2 million Covid-19 vaccine doses are still available with states, UTs, while over 46 lakh doses will be received by them within the next three days, says Union Health Ministry

India, EU decide to resume negotiations on Free Trade Agreement after 8 yrs

India and the European Union (EU) on Saturday announced their decision to resume negotiations for a balanced and comprehensive trade agreement after a gap of eight years

India and European Union to resume negotiations for FTA after 8 years

India and EU agreed to resume negotiations for a balanced, ambitious and comprehensive trade pact, says MEA