India allays buffalo meat export concerns, says meat is safe
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Last Updated: May 20, 2021, 03:55 PM IST
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Synopsis
The statement comes amid reports that countries such as Indonesia have suspended buffalo meat imports from India due to the Covid-19 pandemic and lockdown restrictions to contain it.
AP
India, one of the largest exporters of buffalo meat in the world, exports to 70 countries across the globe, including Hong Kong, Vietnam, Malaysia, Egypt, Indonesia, Iraq, Saudi Arabia, Philippines and UAE.
The government on Thursday said that Indian origin frozen boneless buffalo meat is safe and that exports are going on smoothly without any supply chain hurdles. India has maintained its buffalo meat exports at $3.17 billion in 2020-21, similar to the previous fiscal figure, despite an overall decline in goods exports in the pandemic-hit year, the commerce and industry ministry said in a statement.
Synopsis
Crypto players have requested the government to make specific provisions in the Income Tax Act that would lead to individual crypto holders of more than Rs 50 lakh to declare their assets once a year.
Reuters
The Indian crypto community consists of over 10 million holders with over $1 billion of assets, a daily trading volume of $350-500 million, more than 300 startups, tens of thousands of jobs, and hundreds of millions of dollars in revenue and taxes.
MUMBAI: Cryptocurrency players have requested the government to treat cryptocurrency as digital asset and direct individual holders to declare their crypto holdings while filing income tax returns to assuage concerns around traceability of virtual currencies such as bitcoins.
WPI inflation spikes to over 8-year high of 7.39 per cent in March
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The Wholesale Price Index (WPI) inflation in March, which has been rising over the last few months, is way higher than 4.17% in February and the revised 2.51% in January. It stood at 0.42% in March 2020. The data for March is provisional and is likely to undergo change.
Fruit prices last month formed up by 16.33% while prices of pulses were higher by 13.14% last month. Vegetable prices, however, softened in March 2021 registering a dip of 5.19% compared to a growth of 10.64% in March 2020.
Increase in prices of crude oil, petroleum products and basic metal coupled with the low base effect pushed the wholesale inflation in India to over eight-year high of 7.39% in March, official data released on Thursday showed. WPI inflation had stood at 7.4% in October 2012.
Exports in February rise marginally, trade deficit widens
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Exports of goods in February 2021 posted a marginal increase of 0.67 per cent (year-on-year) to $ 27.93 billion pulled up by sectors such as pharmaceuticals, coal & minerals, iron ore, chemicals, plastics, carpets and some farm products.
Imports increased a sharper 6.96 per cent during the month to $40.54 billion resulting in widening of trade deficit by 24.14 per cent to $12.62 billion, as per quick estimates of trade data released by the Commerce and Industry Ministry on Monday.
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