In Mumbai, petrol now comes for Rs 98.36 a litre and diesel for Rs 89.75, according to a price notification from oil marketing companies. Petrol prices in some states including Rajasthan, Madhya Pradesh and in some places in Maharastra have breached the Rs 100 per litre mark while premium petrol has been hovering above that level for some time now.
The mid-year World Economic Situation and Prospects report released on Tuesday said that for a global recovery universal access to Covid-19 vaccine is critical but in India "access to vaccines is unequal and insufficient to meet the massive demand".
In its mid-year update of its World Economic Situation and Prospects 2021, which was released in January 2021, the UN Department of Economic and Social Affairs (DESA) now predicts the world economy will grow 5.4 per cent in 2021 instead of the 4.7 per cent forecast in January 2021, Xinhua reported. DESA revised its forecast for China from 7.2 per cent to 8.2 per cent; and for the US from 3.4 per cent to 6.2 per cent for 2021.
"Policymaking institutions have struggled to tackle and contain these risks, exacerbated by the coronavirus pandemic. Mutually reinforcing risks from deeper stresses in the economy and financial system could lead to a more severe and prolonged erosion in fiscal strength, exerting further pressure on the credit profile," Moody's said.
In budget 2021-22, Finance Minister Nirmala Sitharaman had revoked the anti-dumping duty (ADD) and countervailing duty (CVD) on certain steel products while reducing customs duty uniformly to 7.5 per cent on semis, flat, and long products of non-alloy, alloy, and stainless steels from 10-12.5 per cent levels earlier. She also brought down import duty to nil on steel scrap to support user industries hit hard by a sharp rise in steel prices.
"The scheme can facilitate additional 8-12GW annual solar cell or module manufacturing capacity in India. Sales up to 50 per cent of the manufacturing capacity set up by the winning bidder will benefit from PLI. This estimate assumes the base PLI rate of Rs 2.25 per watt power and entirely greenfield expansion."
In March, the equity-linked mutual fund schemes' net inflows stood at Rs 9,115.12 crore. Whereas, in February, the equity-linked mutual fund schemes' net outflow stood at Rs 4,534.36 crore. Similarly, there was an outflow in January of Rs 9,253.22 crore and of Rs 10,147.12 crore in December 2020.