India's coal import rises over 20 per cent in May; import volumes may be subdued in ongoing monsoon
Business | July 11, 2021 10:26 ISTThe country had imported 16.54 MT of coal in May last fiscal, according to data compiled by mjunction Services.
The country had imported 16.54 MT of coal in May last fiscal, according to data compiled by mjunction Services.
Camels have also emerged as saviours of schools in remote villages that are not connected by roads or do not have the luxury of internet connectivity.
"Over 1st half of 2021, progress on vaccinations has led to a reopening of the economy and strong economic growth, supported by accommodative monetary and fiscal policy," the Fed said in its semi-annual monetary policy report to Congress on Friday.
Reserve Bank of India (RBI) Governor Shaktikanta Das said that the second wave of pandemic has taken grievous toll on India.
Since mid-April, the industry has been affected by the pandemic-related lockdowns/restrictions on mobility by various states and increased wariness to travel due to fear of infection contagion, ICRA said in statement.
The so-called core personal consumption expenditure price index, the Fed's preferred inflation measure, jumped 3.4 per cent in May from a year ago, the largest 12-month increase since April 1992, Xinhua news agency quoted the Dept as saying on Friday.
Following significant drop in the COVID-19 cases, Telangana government has lifted lockdown restrictions in the state from June 20. Government has decided to re-open all the educational institutes from July 01.
The draft of MPD-2041, which was put in the public domain on Wednesday for suggestions and objections, largely covers the policies of environment, economy, mobility, heritage, culture and public spaces among others.
India's economy, which is facing the heat of the second wave of coronavirus, has been projected to grow at 8.3 per cent in 2021, according to World Bank.
Revenue Secretary Tarun Bajaj on Friday said the economy has not suffered as much this year amid the second wave of COVID-19 as compared to last year when there was complete lockdown.
While acknowledging that present situation has become far more difficult than it was in past due to rising coronavirus infections, Kumar remained hopeful that India's economy will grow 11 per cent in current fiscal ending March 31, 2022.
IMF MD Georgieva said this is adding to exceptional and coordinated actions taken over the past year.
The Indian Railways has rolled out the first prototype Linke Hofmann Busch (LHB) AC three-tier economy class coach.
Japan's economy surged in the fourth quarter of 2020 but it was not enough to keep the world's third-largest economy away from negative growth for the year as the economy shrank 4.8 percent due to Covid-triggered crises -- the first contraction since 2009.
Key equity indices see-sawed between gains and losses on Wednesday and closed in the red zone as investors turned cautious over the sustainability of a recent risk rally.
Equity benchmark indices closed over one per cent higher on Monday amid upbeat news on corporate earnings, economic data and updates on vaccination drive.
Equity benchmark indices dipped marginally during early hours on Thursday amid mixed global cues with Nifty private bank lowering by 1.2 per cent.
There was no big bang increase in the overall defence budget, but India did spend an additional unbudgeted Rs 20,776 crore on emergency arms procurements in the current fiscal in face of China's ongoing belligerence on the northern border, especially in Eastern Ladakh.
India's GDP is within the striking distance of attaining positive growth, the Reserve Bank said observing that the letter "V" in the V-shaped recovery stands for the vaccine.
Passenger vehicle wholesales in India increased 13.59 per cent to 2,52,998 units last month on a very low sales base of December 2019, auto industry body SIAM said on Thursday. Passenger vehicle sales in December 2019 stood at 2,22,728 units.
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