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Indian seafood industry fears further setback on freight hike, US retaliatory tariff

Indian seafood industry fears further setback on freight hike, US retaliatory tariff
May 03, 2021
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India’s largest market of aquaculture shrimps is the US, accounting for about 50% of the country’s total production
Already beset with problems on the production and export fronts, the Indian seafood sector fears further setback due to the proposed retaliatory tariff by the US and impending freight rate hike.
US trade authorities are planning retaliatory tariffs against the imposition of two per cent tax by India on revenue generated by digital services offered in India.
One of the items mentioned is frozen shrimps. India’s largest market of aquaculture shrimps is the US, accounting for about 50 per cent of the country’s total production to the tune of $ 2.5 billion annually. The shrimp export sector, employing nearly 10 million people, mainly shrimp farmers, will get seriously affected, and requires urgent consideration from the government, a not ....

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Finance Minister Shaukat Tarin slams IMF for forcing Pak govt to increase electricity tariff

Finance Minister Shaukat Tarin slams IMF for forcing Pak govt to increase electricity tariff
Pakistan
Mon, May 03, 2021
Newly-appointed Finance Minister Shaukat Tarin on Monday slammed the International Monetary Fund (IMF) for forcing Pakistan to increase the electricity tariff and termed it “injustice”.
Tarin spoke about the global money lender in a meeting of the National Assembly’s Standing Committee on Finance, Revenue, and Economic Affairs. The meeting was chaired by the committee chairman, Faiz Ullah Kamoka.
“IMF did injustice to Pakistan, the demand to increase the electricity tariff is unjustified,” said the minister, adding that the price hike had stopped the economy from moving forward and also increased corruption. ....

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Covid 19 coronavirus: Many Kiwis grappling with toll on jobs, mental health

Covid 19 coronavirus: Many Kiwis grappling with toll on jobs, mental health
2 May, 2021 12:52 AM
4 minutes to read
Many Kiwis say they re still grappling with the economic and emotional toll of the Covid-19 pandemic. Photo / Sylvie Whinray
Many Kiwis say they re still grappling with the economic and emotional toll of the Covid-19 pandemic. Photo / Sylvie Whinray
Many Kiwis say they re still grappling with the economic and emotional toll of the Covid-19 pandemic, despite New Zealand s stand-out success at keeping coronavirus at bay.
New survey findings suggest that Covid-19 s hit on the economy likely worsened New Zealand s mental health crisis, while also fuelling a K-shaped recovery that s led to growing inequality. ....

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Toll hike postponement covers highways, bridges

PETALING JAYA: The postponement of toll hikes this year will be extended to 20 highways and two bridges, including the SMART Tunnel, and is expected to cost taxpayers over RM2bil.
In a statement yesterday, the Malaysian Highway Authority (LLM) said the government would have to pay RM2.093bil to postpone hikes due this year.
This did not include obligations to pay RM160.1mil to defer hikes on toll charges for the Kesas Highway, South Klang Valley Expressway (SKVE) and Lebuhraya Pantai Timur 2 (LPT2), it added.
“In line with the government’s decision, consumers will continue to enjoy toll payments at a lower rate compared to the toll rates under the concession agreements. ....

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Association of highway concessionaires welcomes govt's toll rate postponement

PETALING JAYA: The Association of Highway Concessionaires Malaysia (PSKLM) has welcomed the government s decision to postpone the increase of toll rates.
Its president Datuk Azman Ismail said they understand the government s decision following the challenges that the country faced due to the Covid-19 pandemic.
PSKLM and all the highway concessionaire companies will continue to be committed to help the country weather through the Covid-19 pandemic as well as continue to provide our best services to ensure the safety and comfort of all our highway users.
PSKLM also urged for the support and cooperation of highway users to drive carefully and to comply with Covid-19 standard operating procedures (SOP) that is set by the National Security Council and the Health Ministry for the safety and well-being of all parties, he said in a statement on Sunday (May 2). ....

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