In the month of April this year, there has been an unprecedented upsurge in daily new cases and daily new deaths in the country due to Covid-19. States, which reported large increases in daily new cases and daily new deaths, are Maharashtra, Kerala, Karnataka, Delhi and Uttar Pradesh, to name but a few. Data accessed from https://www.covid19india.org/, which is a crowdsourced platform and an independent aggregator of daily Covid-19 figures and...
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Centre steps in to roll back fertilizer prices
-The Hindu Move after meeting with manufacturers A day after fertilizer producers announced a sharp 46% to 58.33% hike in prices citing higher raw Material Costs, the Central government intervened on Friday to ensure a rollback even though fertilizer prices are no longer regulated. Minister of State for Chemicals and Fertilizers Mansukh Mandaviya said prices would remain unchanged for now, after a ‘high-level’ meeting was held with the major fertilizer companies. Opposition parties had...
More »New report by American Bar Association exposes the dark underbelly of Indo-US sandstone trade
Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....
More »These Odisha migrant workers in Tamil Nadu are glad to have missed the train -Satyasundar Barik
-The Hindu As infections surge in Odisha, many guest workers are relieved to have stayed on Like several other migrant workers from Odisha, Sumant Naik made innumerable calls throughout May to enquire about a train back home from Perundurai in Erode; he also weighed the costs of returning by bus. Despite several calls, the journey back did not materialise. Now two months later, as the pandemic induced lockdown has eased in Tamil Nadu,...
More »Don't boycott China, say MSMEs! Input cost will shoot 40% -Nirbhay Kumar
-Business Today MSMEs don't want the government to impose tariffs that will make buying raw materials from China difficult - all other countries sell lot more expensive * Higher tariff on key raw materials from China will raise input cost by 10-40% for MSMEs * Industry bodies want the government to chart out long-term plan for gradual import substitution * Ad-hoc measures like raising tariff and putting trade barriers could end up hurting local...
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