Jet fuel rates were increased by Rs 3,246.75 per kl on February 1, followed by a 3.6% hike on February 16, and a steep 6.5 per cent raise on March 1.
On March 31, 2020, the government had extended the Foreign Trade Policy 2015-20 for one year till March 31, 2021, amid the coronavirus outbreak and the lockdown.
The deficit stood at 0.2 per cent of gross domestic product in the latest quarter, compared with a deficit of $2.6 billion, or 0.4 per cent of GDP, in the same period a year ago.
Retail inflation accelerated to 5.03 per cent year-on-year, a three-month high, in February on higher fuel prices.
The borrowings in the first half of the next fiscal year will be about 60 per cent of Rs 12.05 lakh crore borrowing target for the whole fiscal year.
The World Bank states that given the significant uncertainty pertaining to both epidemiological and policy developments, the real GDP growth for the next financial year can range between 7.5 - 12.5 per cent, depending on the ongoing vaccination campaign proceeds, and whether new restrictions to mobility will be required.
Infrastructure Output in February 2021: The decline in February 2021 was led by a sharp contraction in the refinery products followed by a decline in cement and coal production.
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the scheme which will help create 2.5 lakh jobs by 2026-27, boost exports and facilitate expansion of food processing capacity to generate processed food output worth Rs 33,494 crore
The labor ministry had envisaged implementing the four codes on industrial relations, wages, social security, and occupational health safety & working conditions from April 1, 2021.
The Rs 100 crore agreement signed between the two companies will facilitate the country's foreign trade policy through a more efficient movement of containers
Finance Minister Nirmala Sitharaman asserting that its audited accounts will be placed before both the Houses every year and they will have "oversight" of the institution
"Our preliminary analysis shows that the growth rate next year, that is, at 10.5 per cent, which we had given, would not require a downward revision," said Shaktikanta Das
Governor Shaktikanta Das emphasized that a healthy banking sector, with a strong capital base and ethics-driven governance, remained a policy priority