News on Indian Economy
India surpassed Brazil in food exports to the League of Arab States for the first time in 15 years as the Covid-19 pandemic disrupted trade flows in 2020, according to data provided by the Arab-Brazil Chamber of Commerce to Reuters on Tuesday.
To certify the needed prevention of the Omicron variant of the COVID-19 virus, the Exemption from Air Suvidha has been dropped, and mandatory filings for all passengers have been implemented. All international passengers arriving in India are instructed to announce their current health status before boarding on the Air Suvidha Portal along with the required documents: Copy of Passport, PCR Negative Certificate from a Test conducted within 72 hours of departure, and the Vaccination Certificate. For Immigration, the APHO counter has to verify the copy on the email.
As stated by the Russian oil producer, the nation’s largest oil firm, Indian Oil Corporation (IOC), renewed their deal to buy up to 2 million tonnes of crude oil in 2022 from Russia’s Rosneft. IOC signed a deal with Rosneft Oil Company in February 2020 to import up to 2 million tonnes of oil via the port of Novorossiysk. In 2021, IOC bought just one parcel or shipload when a supply of up to 1.7 million tonnes of crude oil was envisaged, as the cost of transporting the oil made it uneconomical when compared to alternatives.
Central government has disbursed Rs. 2,071 crore (US$ 275 million) loan for 4,003 projects as a part of Agriculture Infrastructure fund, Agriculture minister Mr. Narendra Singh Tomar mentioned in a written reply to the parliament.
Mills have contracted to export 33 lakh tonnes of sugar without the government subsidy so far in the 2021-22 marketing year, it added.
India and Russia can collaborate in the fields of civilian shipbuilding and inland waterways, Union minister Sarbananda Sonowal said on Monday.
As per India’s third BUR submitted to the UNFCCC in February 2021, total GHG emissions, excluding Land Use Land-Use Change and Forestry (LULUCF) in 2016 were 2,838.89 million tonne CO2e and 2,531.07 million tonne CO2e with the inclusion of LULUCF.
The Women in Aviation International (WAI) – India Chapter conducts many awareness programs across the country in collaboration with the Ministry of Civil Aviation, industry and leading women aviation professionals, with special focus on young schoolgirls, especially from low income families. Globally, according to the International Society of Women Airline Pilots, around 5% of pilots are women. In India, the share of women pilots is significantly higher – at over 15%.
India’s messaging on cryptocurrencies has so far been mixed however the proposed bill that is likely to be introduced in the winter session of parliament allows New Delhi to bring in a progressive regulatory framework that could propel the country to the forefront of blockchain, as stated by the leaders of global crypto exchanges.
The export of products under the Agricultural and Processed Food Products Export Development Authority (APEDA) ambit grew from US$ 11,671 million between April-November 2020-21 to US$ 13,261 million between April-November 2021-22. Under AEPDA basket products, the target for exports has been fixed at US$ 23,713 million between 2021-22.
