Union Petroleum Minister Dharmendra Pradhan said the move “would help attract tourists to the state”, adding that oil PSUs would also contribute to the development of Kedarnath, Uttarkashi, Yamunotri and Gangotri.
In a circular, the CBIC said importers and exporters will have to furnish an undertaking to the Customs authorities in lieu of the bonds till June 30.
With the latest gain, the forex kitty posted its fourth successive week of gains — starting with a rise of $4.344 billion to reach $581.213 billion during the week ended April 9.
According to the data released by the Reserve Bank of India, the currency with public rose by Rs 15,919 crore in the fortnight ended April 23 to cross the Rs 28 lakh crore mark for the first time.
The Irdai said a health regulator would have helped in terms of adherence to treatment protocols, reasonability of charges and service quality at hospitals.
Prabhu recommended that the travel and tourism (including health tourism), education and aviation sectors be exempted from the Rs 5-crore ceiling as they have been the worst hit by Covid.
The government has allowed hospitals, dispensaries and Covid care centres to accept cash payments in excess of Rs 2 lakh from patients or kin till May 31.
The "need of the hour is, therefore, to expand vaccination at a fast pace", the Finance Ministry noted in its Monthly Economic Review for April released Friday.
The fiscal position of the central government, it said, has witnessed an improvement in the recent months with a revival in the economic activities during the second half of FY2020-21.
The government is targeting a deficit between revenue it earns and what it spends at 6.8 per cent of the gross domestic product (GDP) in FY22 (April 2021 to March 2022).
RBI Governor Shaktikanta Das Speech, Announcements: The Reserve Bank of India (RBI) announced a term liquidity facility of Rs 50,000 crore for access to emergency health security.
RBI Governor Shaktikanta Das said inflation trajectory over rest of the year will be shaped by Covid.
"Overall, most indicators still suggest that the impact has been less severe than it was in Q2 (April-June) last year," Goldman Sachs said.
After a drop in cases last year, “there was a sense that we had endured the worst the virus could give us and we had come through and it was time to open up, and that complacency hurt us,” said Raghuram Rajan
CII also suggested certain measures such as deployment of armed forces and central security forces for logistics, infrastructure and personnel; security at hospitals for medical personnel; tapping manpower sources such as retired medical personnel, doctors and nurses; and distribution of vaccination supplies to states according to well-defined criteria.
The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) was at 55.5 in April, little changed from March's reading of 55.4.
The country’s merchandise exports were to the tune of $10.17 billion in April 2020. Trade deficit in that month was $6.92 billion.
While Hero MotoCorp on Saturday announced an extension of its shutdown of plants by six more days till May 9, JCB India, a leading manufacturer of earthmoving and construction equipments, on Friday announced a 10-day pause across all its manufacturing facilities in India, beginning May 1.
In determining the Budgetary allocation for vaccine, the Finance Ministry initially estimated requirement of a total of 290 crore vaccine shots for the entire population, after taking into account two shots per individual and also the vaccine that is wasted during the entire process.
“IGST on Import of Oxygen Concentrators for personal use has been reduced from 28 per cent to 12 per cent to bring IGST rate on such personal imports at par with commercial imports of the same, the Central Board of Indirect Taxes and Customs (CBIC) tweeted.
The April collections, which account for sales in March, mark the seventh month where the monthly GST collections have crossed the Rs 1-lakh-crore mark. GST revenue had dipped to an all-time low of Rs 32,172 crore in April 2020.
Power consumption in April last year had dropped to 84.55 BU from 110.11 BU in the same month in 2019.
The steel sector has diverted nearly all of its supply of liquid oxygen to hospitals that are running short of oxygen, as they treat patients suffering from Covid-19.
The country’s largest car manufacturer, Maruti Suzuki India Limited (MSIL) reported sale of 1,35,879 units in April — the lowest sale in last five months.
The growth rate of the eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — was recorded at (-) 8.6 per cent in March last year.