Personal care segment witnessed a double-digit growth of 11.1 per cent, while household care, which consists of products like detergents and surface cleaners, logged 4.6 per cent growth.
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It is the lowest number of daily cases since April 2, when 49 cases were reported. Tuesday’s cases bring the total number of infections in the country to 55,353.
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After a strong start in June and promising performance in July, monsoon rains have started to peter out in August, with the cumulative rainfall now falling below the long period average.
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India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent. The country posted a trade surplus of USD 0.79 billion in June.
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Goyal, who also holds the railways portfolio, said, over the past 11 days, freight trains have doubled their speed and moved larger volumes of goods. The average speed of such trains is 46 km per hour, against just 23 km a year before.
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On Sunday, Modi will also release the sixth instalment of funds of Rs 17,000 crore to 8.5 crore farmers under the PM-KISAN scheme.
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The Goods and Services Tax collection is getting stabilised because companies have started making deferred payments which the authorities had allowed till September this year in view of the coronavirus crisis, he said.
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This delayed floating of tenders, addressing technical specification issues, transportation of equipment and travel of technical experts.
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Exports may be on a path of recovery with the merchandise sent to foreign nations in July reaching almost the same levels as a year ago, Commerce and Industry Minister Piyush Goyal said on Tuesday.
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India’s poultry industry is in dire need of cash after prices slumped earlier this year on speculation fanned by social media that chickens could spread the coronavirus, according to one of the nation’s top producers.
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Weakness in growth versus above-target inflation, improving indicators and concerns over inflation expectations will put the RBI in a tough spot, said DBS economist Radhika Rao.
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The Goods and Services Tax collection in July 2020 has fallen to Rs 87,422 crore which is lesser than both the July collections last year and the revenue collected last month.
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Around 30 per cent of TVs are imported from various countries and about 80-85 per cent TV components are imported as there is no local manufacturing.
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Last quarter’s drop followed a 5 per cent fall in the January-March quarter, during which the economy officially entered a recession triggered by the virus, ending an 11-year economic expansion, the longest on record in the United States.
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It further said India fares the worst in its Asia recovery scorecard, implying that the country will likely take the longest among major economies to converge to its pre-coronavirus growth level.
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Foreaders 