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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 …
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 …
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 …
Having witnessed a drop during the peak of the second wave, certain high-frequency indicators such as power consumption, E-way bills and foreign portfolio investment flows witnessed uptick in the second half of May 2021. The finance ministry on Wednesday said rapid vaccination and front-loading of the fiscal measures planned in the FY22 Budget hold the …
The Centre will extend the validity of a programme to distribute free grains to 80 crore people until Diwali from June, Prime Minister Narendra Modi said on Monday. The Centre will require to spend an additional Rs 1 lakh crore to distribute free foodgrain to 80 crore people under the Pradhan Mantri Garib Kalyan Anna …
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 …
The RoDTEP scheme, which had replaced MEIS on January 1, 2021, to improve the global competitiveness of Indian exports, was approved last year. Remission rates and guidelines for export items under the new Remission of Duties and Taxes on Exported Products (RoDTEP) scheme are likely to notified in 10 days, Ajai Sahai, Director General and …
In response to the requests made by project authorities and a few major OEMs, the Chinese government has advised the steel producers strongly to curb steel production. During the first four months of 2021, the global steel industry has produced 663 MT of crude steel which is around 14% more than last year. China had …
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 …
The Budget outlay for the scheme in 2021-22 is Rs 73,000 crore. Only 69% of the persons who were ‘offered’ work under the rural employment guarantee scheme (MGNREGS) turned up for it till June 1 in the current financial year against around 85% in the last two years, reflecting a rapid spread of Covid-19 in …
