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Base effect drives up IIP growth in April

Moreover, the latest index readings for capital goods, consumer durables and infrastructure goods were lower than the April 2019 levels, but those for consumer non-durables, primary goods and intermediate goods remained higher. The index of industrial production (IIP) hit 126.6 in April, marking a 134.4% surge from a year before, driven primarily by a favourable …

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Covid-19 products: WTO to begin talks on patent waiver

The TRIPS waiver is a necessary to removing IP barriers and paving the way for more companies to produce Covid-19 vaccines, therapeutics or diagnostics by providing them with the freedom to operate without the fear of infringement of IP rights or the threat of litigation. After stiff resistance from rich nations, members of the World …

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Uttar Pradesh’s revenue increases 42% YoY in May

The transport department’s collection of Rs 314.62 crore, though showing a threefold rise over May 2020’s collection of Rs 99.86 crore, is just 39.6% of the month’s target. Uttar Pradesh’s tax revenues (OTRs) have risen significantly in May 2021 from the year-ago period, but are still in the range of 50% of the target, information …

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El Salvador’s President: No capital gains tax on Bitcoin, permanent residence for crypto entrepreneurs

There was a temporary spike in interest as well among people checking real estate in El Salvador after the President’s announcement on Sunday. (Source: Twitter) Days after announcing plans to make Bitcoin as legal tender, the Central American country El Salvador’s millennial President Nayib Bukele has now attached incentives for those dealing in Bitcoin in …

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Hiring remains flat in May, tech hiring at all-time high

Hiring activity in the edtech sector increased by more than 7% sequentially in May after posting a continuous decline over the past few months. The hiring activity in May remained flat compared with April, allaying apprehensions that the job market may have got severely impacted by the brutal second wave of Covid-19. Continuing with its …

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