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MCX data breach: No charges against former MD - The Hindu BusinessLine

MCX data breach: No charges against former MD - The Hindu BusinessLine
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India tops import duty on Covid goods

India tops import duty on Covid goods
© Provided by The Times of India
CHENNAI: India levies highest import duty in the world on all Covid-19 goods, including test kits, swab and viral transport medium set, sterilisation products, disinfectants, protective gears, infrared thermometers and inputs for vaccine production which is making both the Covid-19 treatment and vaccine costlier.
A study by researchers from Indira Gandhi Institute of Development Research in Mumbai shows that the import duty on all Covid-related goods is 15.2% which is twice compared to China and seven times more compared to the US and 60% more compared to low income countries such as Afghanistan and Bangladesh. The tariff on Covid test kits, inputs for vaccine production, disinfectants and protective garments are also significantly higher than other countries and for some products the import duty is higher by several folds. ....

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'Increasing expenditure will stimulate economy'

‘Increasing expenditure will stimulate economy’
Updated:
Updated:
Recovery hard post 2nd wave: Rangarajan
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Recovery hard post 2nd wave: Rangarajan
Former RBI Governor and Chancellor of ICFAI Foundation for Higher Education (IFHE) C Rangarajan has said that the hope of economic recovery was high after the first wave but with the second wave, recovery appeared difficult as the spread of virus had adversely impacted several sectors resulting in unemployment and weakening demand.
To handle this situation, the government had to consider increasing expenditure to push demand in the system as a stimulant for the economy, he said, while addressing the two-day 14th Annual Doctoral Thesis Conference organised by the ICFAI Business School, Hyderabad, in collaboration with the Indira Gandhi Institute of Development Research (IGIDR) here on Thursday. ....

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Rising Inflation In India May Affect Reserve Bank Of India (RBI)'s Interest Rates Policy

India is now the global coronavirus hotspot, with cases rising at more than 300,000 daily.
The world s worst Covid-19 outbreak in India risks fanning price pressures, threatening to limit options for the inflation-focused central bank to support the economy. State-wise curbs to stem the virus are disrupting domestic supply chains, risking higher prices for everything from essential drugs to cars. A recent weakening in the rupee is worsening the situation, boosting the local cost of imported oil and other raw materials for manufacturing.
While the Reserve Bank of India s looser monetary policies last year overlooked above-target inflation, further price pressure amid an expected economic recovery later this year may limit its options. Consumer price inflation is on course to test the upper limit of its 2 per cent-6 per cent target, while recent gains in wholesale prices signal more pressure to come. ....

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Amid world's worst Covid outbreak, rising inflation risks RBI's monetary easing

Amid world’s worst Covid outbreak, rising inflation risks RBI’s monetary easing
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Last Updated: Apr 28, 2021, 07:17 AM IST
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Consumer price inflation is on course to test the upper limit of the its 2%-6% target
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By Anirban Nag
The world’s worst Covid-19 outbreak in India risks fanning price pressures, threatening to limit options for the inflation-focused central bank to support the economy.
Provincial curbs to stem the virus are disrupting domestic supply chains, risking higher prices for everything from essential drugs to cars. A recent weakening in the rupee is worsening the situation, boosting the local cost of imported oil and other raw materials for manufacturing. ....

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