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Business Consultant

India’s GDP growth slips to 3.1% in Q4, stands at 11-yr low of 4.2% in FY20

The Indian overall economy grew at three.one for each cent in the January-March quarter (This fall) of 2020, its slowest speed in at minimum two a long time, as the coronavirus pandemic weakened the by now declining client demand and non-public investment, formal gross domestic product (GDP) facts produced on Friday showed. For the complete FY20 monetary calendar year, the headline quantity arrived to an 11-calendar year lower of 4.two for each cent, in opposition to 6.one for each cent in 2018-19.

The development numbers were being broadly in line with estimates by brokerages and economists, who have witnessed the

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Business Unit

Govt extends deadline for import of additional quota of urad till May 31

The deadline for import of further quota of two.5 lakh tonne of urad lentil for 2019-twenty has been prolonged even more till Might 31 by the Commerce & Industry Ministry as the on-going lockdown for containing the Covid-19 virus resulted in delays for traders.

“In this regard, a number of representations were obtained in search of extension of the date of import of urad beyond Might fifteen, 2020 due to the latest lockdown predicament against pandemic Covid-19. The matter has been examined, and it has been made the decision by the capable authority to prolong the deadline for import of

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Business Express

Sugar production down 22% to 233 lakh tonnes till March 31, says ISMA

Sugar mills in the state created 232.74 lakh tonnes (lt) of sugar until March 31, just about 22 per cent decreased than the 296.eighty two lt created in the corresponding period of the previous year, mentioned a statement issued by the Indian Sugar Mills Association (ISMA) on Wednesday.

Even nevertheless the unfold of Covid-19 and subsequent lockdown to begin with disrupted the motion of sugar owing to poor availability of trucks, interventions by the Food Ministry and notifications by the Household Ministry have aided the mills resume dispatches above the previous four-five times, ISMA mentioned. The sugar field human body

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