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India asks its states to increase coal imports for three years - (A)

India has urged its states to increase coal imports over the next three years to build up supplies and meet demand, four sources told Reuters, a move that should benefit world fuel prices already high due to the war. in Ukraine. The decision to increase imports underscores the severity of India’s fuel crisis, as coal …

GST offset paid to states over 8 months, Rs. 78,704 crores outstanding - Finance Department - (A)

The Finance Department said on Wednesday that the center has already released eight months of GST allocation to states for the fiscal year ending March 2022 and that there are Rs 78,704 crore outstanding due to insufficient funds in the fund. In a statement, the ministry said that normally GST compensation is released for 10 …

High oil prices driving inflation in India, monetary tightening needed - IMF - (A)

Rising oil prices due to the war in Ukraine have pushed up inflation in India, which needs monetary tightening and measures to address structural weaknesses to improve growth potential, a senior IMF official said. The country’s economy is expected to grow 8.2% in 2022-23, down 0.8 percentage points, said Anne-Marie Gulde-Wolf, acting director of the …

PMGKAY - is the expansion of the free grain program a fiscal constraint or a welfare decision - (A)

The union cabinet approved on March 26 a six-month extension (of 1 in addition to his normal quota of food grains under the National Food Safety Act (NFSA)) to Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY). The PDG press release further stated that the government will spend Rs 80,000 crore on 24.4 million tonnes (t) …

Indonesia is contributing to the global food stock with an extended palm export ban - (A)

Indonesia, the world’s largest exporter of cooking oils, will expand its export ban to include crude palm oil, adding to uncertainty in a market that has seen skyrocketing price volatility and threatens to worsen global inflation. food. The ban will extend to crude palm oil, RBD palm oil, and used cooking oil, Coordinating Minister for …

India heat wave disrupts industrial activity as electricity demand rises - (A)

India’s northwestern state of Rajasthan has planned power cuts for factories for four hours, becoming at least the third state to halt industrial activity to cope with surging power demand amid intense heat waves. Extreme heat continued to scorch much of South Asia this week, offering no respite from India’s hottest March on record and …

UANs of EPFO and informal sector workers could become interoperable - (A)

The Employees Provident Fund Organization (EPFO) Universal Account Number (UAN) and the new informal sector workers database are expected to be interoperable to provide a transparent backbone for universal social security coverage in the broader labor market. “One registry and one UAN should be enough for all workers in the labor ecosystem,” a senior government …

US GDP fell 1.4 annualized in the first quarter of 2022, worse the expected - (A)

US economic growth contracted 1.4% on an annualized basis in the first quarter of 2022 as the Omicron variant of COVID-19 and reduced government spending hit consumers and businesses, data showed the government on Thursday. The data was much worse than the modest increase analysts had expected after the economy grew 6.9% in the last …

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