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Rising input costs, supply chain woes headwinds for Indian auto sector in 2022: MG Motor India president

New Delhi, Apr 17 (PTI) Increase in raw material costs and semiconductor prices, coupled with supply chain disruptions due to the war in Ukraine, could become headwinds for the Indian automobile industry going forward this year thereby affecting growth, according to MG Motor India President and Managing Director Rajeev Chaba. The domestic auto industry was [...]

Sri Lankan Army vows to safeguard Constitution; not to interfere with peaceful anti-govt protests

Colombo, Apr 16 (PTI) In an unusual move, the Sri Lankan Army on Saturday vowed to uphold the Constitution and not to interfere with the ongoing anti-government protests across the island nation against the unprecedented economic crisis that has led to acute food shortages, soaring prices and power cuts. Referring to the social media speculation [...]

Goyal asks plastics industry to cut imports, become self-reliant

Mumbai, Apr 16 (PTI) Union minister Piyush Goyal on Saturday exhorted the plastics industry to reduce import dependence and aspire to become a USD 100 billion industry in the next 4-5 years. The minister noted that there is a significant growth potential for the Indian plastic industry to become the world’s premium supply hub. "The [...]

NFR records 18% rise in freight unloading in 2021-22

Guwahati, Apr 16 (PTI) The Northeast Frontier Railway (NFR) has registered an increase of 18 per cent in freight unloading in the last financial year, an official statement said on Saturday. “During the recently completed financial year from April, 2021 to March, 2022, N. F. Railway carried 13,757 rakes of freight trains as against 11,659 [...]

Govt must revisit mineral policies to accelerate GDP: Book

New Delhi, Apr 16 (PTI) There is an urgent need for mineral sector reforms to accelerate GDP and boost exports, says a book which also suggests that all existing and future "captive mines" may be converted to "merchant mines" enabling to increase supply of minerals and coal to small or medium-sized businesses.In "Jan Andolan: For [...]

Colombo Stock Exchange to remain shut next week as Lanka struggles to combat forex crisis

Colombo, Apr 16 (PTI) The Colombo Stock Exchange will remain temporarily closed for a week from Monday to provide investors an opportunity to have "more clarity and understanding" of the current economic conditions in crisis-hit Sri Lanka that would help them "to make informed investment decisions," it was announced on Saturday. "The stock market will [...]

Central teams survey 17 Punjab districts to assess shrivelled wheat grain

Chandigarh, Apr 15 (PTI) The central teams formed to assess shrivelled wheat grain due to the early onset of heat wave have surveyed 17 Punjab districts till Friday, and will cover the remaining six district on Saturday. The central government had on Tuesday formed five teams to assess the crop losses before setting the guidelines [...]

Egypt approves India as wheat supplier: Goyal

New Delhi, Apr 15 (PTI) Commerce and Industry Minister Piyush Goyal on Friday said Egypt, which is one of the largest importers of wheat from Ukraine and Russia, has approved India as a wheat supplier. There is a sharp decline in availability of wheat in the global markets due to the ongoing conflict between Russia [...]