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We are working with U.K. on intellectual property rights, modernisation: Piyush Goyal

July 13, 2023 admin

“There is work ongoing with a number of economies, including the U.K., on intellectual property (IP) rights and modernisation in an effort to improve Indian protocols,” Union Minister of Commerce and Industry Piyush Goyal has said. Responding to questions from a gathering of Indian-origin chartered accountants (CAs) from the U.K. Chapter of the Institute of…

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Production rises 5.2%, led by infrastructure and construction goods, even as 12 of 23 manufacturing sectors report contraction

July 12, 2023 admin

Infrastructure and construction goods’ output continued to drive up the Index of Industrial Production (IIP), rising 14% in May. | Photo Credit: Emmanual Yogini India’s industrial output picked up some pace in May to grow at a three-month high rate of 5.2% compared to 4.46% in April, with electricity generation growing 0.9% after two months…

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June 2023 inflation quickens to 4.8% as food prices climb

July 12, 2023 admin

Vegetables on sale at Azadpur Mandi in New Delhi on July 12, 2023. | Photo Credit: PTI India’s retail inflation hardened in June to a three-month high of 4.81% from 4.31% in May, driven by a spike in food price inflation to 4.5% from less than 3% in the previous month, owing to rising costs…

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Centre to buy tomatoes from Andhra Pradesh, Karnataka and Maharashtra to sell in northern cities

July 12, 2023 admin

Southern and western regions contribute 56% to 58% of tomato production. File | Photo Credit: The Hindu After tomato prices rocketed to ₹200 per kg in some cities, the Centre decided on Wednesday to use its agencies to procure stocks from Andhra Pradesh, Karnataka and Maharashtra and sell them at a discount in the areas…

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Explained | What is the legal row between farmers and PepsiCo?

July 12, 2023 admin

Farmers harvesting potatoes of the Atlanta variety in contract farming arrangement with PepsiCo India limited at Abhirampur village in Hooghly District. | Photo Credit: Sushanta Patronobish The story so far: On July 5, the Delhi High Court held that there was “no merit” in the appeal filed by PepsiCo over the patent rights for its…

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GST Council to impose 28% tax on online gaming firms

July 11, 2023 admin

Union Finance Minister Nirmala Sitharaman with Revenue Secretary Sanjay Malhotra during the 50th Goods and Services Tax (GST) Council Meeting at Vigyan Bhawan, in New Delhi, on July 11, 2023. | Photo Credit: PTI The Goods and Services Tax (GST) Council, at its 50th meeting on July 11, reduced or clarified the tax rate on…

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Coconut farmers lose sleep as copra price goes from ₹14,500 to ₹7,000 per quintal in 8 months

July 11, 2023 admin

Tiptur in Tumakuru district and Arsikere in Hassan district are the prime coconut markets in Karnataka. | Photo Credit: Special Arrangement Coconut growers in Karnataka are losing sleep over the continuous fall in copra prices. The prevailing price in the market, they claim, is insufficient even to meet the input cost. In November 2022, the…

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Paying for Russian crude in Yuan an insult to martyrs: Congress

July 11, 2023 admin

Representational image of oil pump jacks in Russia | Photo Credit: Reuters The Congress on Monday questioned the Narendra Modi government’s decision to purchase Russian crude oil, using the Chinese currency Yuan. Addressing a press conference at Congress headquarters, party spokesperson Gaurav Vallabh said that the government of India had started making payments to Russia…

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Food Ministry indicates willingness to tweak OMSS after lukewarm response

July 10, 2023 admin

The Union Food Ministry indicated that it is willing to make changes to the Open Market Sales Scheme after the first e-auction of rice | Photo Credit: SHIV KUMAR PUSHPAKAR As the Congress attacked the Centre on Monday over the reluctance of private players to auction rice from the Food Corporation of India (FCI) under…

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IoTechWorld bags order from IFFCO for supply of 500 agri-drones

July 10, 2023 admin

Experts say while drone applications occupy an important place in the Agriculture 4.0 vision, the innovations work best when allied with policy-level interventions to sustain the agricultural sector. | Photo Credit: KSL Agri-drone maker IoTechWorld Avigation on 10th July said it has secured a large contract from cooperative fertiliser major IFFCO for supplying 500 drones,…

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