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Steel producers plead for not inreasing electricity tariff


Steel producers plead for not inreasing electricity tariff
National
April 12, 2021
ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) has urged the government not to increase the cost of electricity for the steel sector which is already facing a crisis-like situation.
In a statement issued here Sunday, they said the government has made this announcement under the order of the IMF to increase the cost of electricity by Rs5.65 per unit before October this year and it will be 36% increase in the cost of electricity. Early this year, the government had increased the cost of electricity by 16%.
This decision will have disastrous consequences for steel industry of the country in particular and the local steel industry in general. Steel is energy-intensive sector and one of the major consumers of electricity and this major increase in electricity cost will create crisis-like situation for the struggling steel sector. ....

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Bangladesh logs 83 new virus deaths, most in a day; cases surge by 7,201


 
News Desk, 
bdnews24.com
Published: 12 Apr 2021 05:46 PM BdST
Updated: 12 Apr 2021 05:46 PM BdST
Heath workers at Bangabandhu Sheikh Mujib Medical University in Dhaka are busy inoculating people with the second dose of the Oxford vaccine on Monday, Apr 12, 2021. Photo: Mahmud Zaman Ovi
Bangladesh has registered 83 new fatalities from the coronavirus, the most in a daily count, taking the death toll to 9,822.
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The caseload surged to 691,957 after 7,201 people tested positive for COVID-19 in the 24 hours to 8 am Monday, according to data released by the government.
Another 4,523 people recovered from the illness through treatment at home and in hospital care, bringing the tally of recoveries to 581,113. ....

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US whiskey and wine exporters brace for a summer of tariffs


Hoping to inoculate whiskey and wine from this risk, 50 members of Congress wrote to U.S. Trade Representative Katherine Tai
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Here’s what the letter says: Biden should “secure the immediate suspension of tariffs on American Whiskey and secure agreements that result in the removal of
all tariffs on US, EU, and UK distilled spirits and wine.” Straightforward, right? Not really.
In normal times, U.S., UK and EU whiskey and wine tariffs are zero. This means the letter is looking to rein in retaliatory tariffs. But how?
One interpretation is that the letter simply wants a continuation of the tariff suspension in aircraft but expanded to cover for the retaliatory strikes over steel and aluminum. Sure, but there is reason to suspect that there’s more to it. That’s because the letter takes its cues from a “statement of principle” penned last January by the EU’s Comité Européen des Enterprises Vins and the U.S.’s Wine Institute. This st ....

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