Economy

NEW DELHI: India’s edible oil imports declined 32.44 per cent to 9,41,219 tonne in March due to government restrictions on purchase of refined palm oil from the overseas market, trade body SEA said on Monday. India, the world’s leading vegetable oil buyer, had imported 13,93,255 tonne in March last year. The share of palm oil
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NEW DELHI: Former RBI governor Raghuram Rajan has suggested to the government to call people with proven expertise and capabilities, including from opposition parties, to deal with perhaps the greatest emergency being faced by the country since Independence following the coronavirus outbreak. He also cautioned that driving everything from the Prime Minister’s Office, with the
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NEW DELHI: The government on Saturday restricted the exports of diagnostic kits amid the outbreak of the Covid-19 outbreak. “The export of diagnostic kits (diagnostic or laboratory reagents on a backing, preparation diagnostic or laboratory reagents)… is restricted with immediate effect,” the Directorate General of Foreign Trade (DGFT) said in a notification. Earlier, the exports
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New Delhi: The government has taken steps to continue exports and imports of plant products. It has been releasing phytosanitary certification for export consignments and Import releases of plant and plant products during lockdown. “During the lockdown, we have released around 4000 certificates while for import consignments, over 1000 certificates have been released so far,”
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The Centre of Indian Trade Unions on Monday said it denounces government decision to drastically reduce the interest rates on small savings by around 140 basis points as it will financially impact the masses, demanding restoration of the rates . “This will affect financially the mass of the populace, the superannuated, income-less several crores of
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NEW DELHI: Trade and investment ministers of the G-20 group have agreed to ensure fair trade and continued flow of vital medicines as well as other essential goods to tackle Covid-19 pandemic. According to a joint statement issued after a video conference, the ministers agreed to support the availability and accessibility of essential medical supplies
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By Arvind Panagariya The Covid-19 epidemic, which originated in China in Dec 2019, has now reached 175 out of a total of 195 countries. No past pandemic has spread this widely and this fast. And we are far from seeing the proverbial light at the end of the tunnel. Until a definite cure and vaccine
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By Sanjaya Baru Prime Minister Narendra Modi’s address to the nation on March 24 declaring a 21-day lockdown was the most watched event in Indian TV history. As soon as the address concluded, many viewers rushed to crowd markets to stock up essentials. Modi was forced to tweet within minutes asking people not to panic.
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Companies can fulfill their corporate social responsibility (CSR) obligations through donations to the newly formed Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund, the corporate affairs ministry clarified on Saturday. The emergency fund was created by Prime Minister Narendra Modi on Saturday after his office received numerous requests from people for
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Finance Minister Nirmala Sitharaman assured citizens that banking services will continue unhindered during the lockdown. In a series of one-on-one calls with the heads of all major public sector banks (PSBs) and representatives of private banks, Sithraman said the banks were doing their best to ensure customer service without disruption, through social media on Saturday.
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