Even when a vaccine does come, there’s going to be a wait before it’s available globally, former Indian central banker Raghuram Rajan told an online conference last week organized by DBS Group Holdings Ltd.
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The post-pandemic world, the economist cautioned, has to face the need to not return to the pre-pandemic ‘normal’.
IBM CEO Arvind Krishna revealed that he has a huge investment plan for India, however, he did not disclose the details.
Minister Pradhan said that during the meeting, he expressed his keenness to work closely with the US government to realise the “full potential of our Strategic Energy Partnership”.
As per the MoU signed at the US-India Strategic Energy Partnership meet, the two countries would also work towards exchange of information and best practices.
“As many as 1,377 exporters who have fraudulently claimed IGST refund amounting to Rs 1,875 crore have been found untraceable at their principal place of business,” the official said.
Applications for jobless aid are expected to remain stuck at the worrisome level of around 1.2 million, the 17th straight week of claims above the 1 million mark.
The loss of revenue due to smuggling and counterfeiting to the government has a direct impact on welfare spendings such as healthcare, education, and enforcement.
China’s global imports rose 3 per cent to USD 167.2 billion, rebounding from May’s 3.3 per cent decline, customs data showed Tuesday.
“The annual rate of inflation, based on monthly WPI (Wholesale Price Index), stood at (-1.81 per cent) (provisional) for the month of June, 2020, as compared to 2.02 per cent during the corresponding month of the previous year,” the Commerce and Industry Ministry said in a statement.
Prime Minister Narendra Modi’s dream to make India a $5 trillion economy is still possible even while coronavirus has thrown progress off track, Union Minister of Commerce & Industry and Railways, Piyush Goyal, said.
The business activity net balance fell sharply to -30% in June, from +26% in February, according to IHS Markit India Business Outlook survey results released Monday.
As Prime Minister Narendra Modi continues to push for Atmanirbhar Bharat, the country’s first boost towards self-reliance may be achieved in urea.
In a progress report of the flagship Atma Nirbhar Bharat package, the government said that refinancing will benefit 3 crore farmers in meeting their credit needs for post-harvest and kharif sowing requirements.
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