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Seafood exports fall 11% in FY21

Srinivas said besides the pandemic impact, several other factors negatively impacted seafood exports during 2020-21. Seafood exports from the nation declined in both volume and value terms during the last fiscal mostly on account of sluggish demand due to the pandemic,Marine Products Export Development Authority (MPEDA) said on Wednesday. Volume of exports declined by 10.9% …


Surge in second wave to lower our India GDP forecast: Jeremy Zook, director (sovereign ratings), Fitch Ratings

But this will have to be reassessed as the impact of the virus surge on India’s GDP growth and public finances becomes clearer. Fitch Ratings’ assessments will focus on India’s medium-term growth prospects and the likelihood of keeping the debt trajectory on a downward path, says Jeremy Zook, director (sovereign ratings) of the agency. He …

Urban joblessness at 17.88%, rural rate falls 9.58%

CMIE’s MD & CEO Mahesh Vyas said the decline in the rural unemployment rate was because the rural labour force participation rate (LFPR) had fallen. Unemployment in the urban areas stood at a worrisome 17.88% for the week ended May 30. The rate has risen for the seventh straight week and 47 basis points (bps) …


If we give responsibility to govt, accountability also lies with them: Shobana Kamineni, executive vice chairperson, Apollo Hospitals

Sabharwal felt that India had seized the policy window and pushed some ambitious reforms in the last 14 months. Speaking about the tariffs that have been imposed by the Government of India in an ongoing economic reform effort and their impact on export competitiveness, Naushad Forbes, Co-chairman, Forbes Marshall, said that the increase in protection …


GST Council LIVE: GST Council set to meet; Covid-19 vaccine tax rate, states’ compensation shortfall on agenda

The GST Council will meet after a gap of nearly seven months. GST Council Meeting LIVE: The GST Council will meet today after a gap of over seven months to discuss taxation on  covid-19 drugs, vaccines, and healthcare, and also states’ compensation shortfall. Finance Ministers from various states and Union Territories along with the Union …