India’s Foreign Trade for June 2021

India’s overall exports (Merchandise and Services combined) in June 2021* are estimated to be USD 49.85 Billion, exhibiting a positive growth of 31.87 per cent over the same period last year and a positive growth of 17.17 per cent over June 2019. Overall imports in June 2021* are estimated to be USD 52.18 Billion, exhibiting a positive growth of 73.65 per cent over the same period last year and a positive growth of 1.08 per cent over June 2019

Indian intervention at Ministerial meeting of WTO on fisheries subsidy negotiations

Fisheries are a common endowment to humanity, a global public commons. Therefore, the sharing of this should be in an equitable and just manner. Any unbalanced or unequal agreement would bind us into current fishing arrangements which may not necessarily meet everyone’s future requirements. As we discuss sustainability, it is essential that big subsidizers take greater responsibility to reduce their subsidies and fishing capacities, in accordance with the principles of ‘Polluter Pays’ and ‘Common but Differentiated Responsibilities’.

Public Sector IREDA Registers Record Profit in Covid Year PBT Jumps by 136%

Public Sector Indian Renewable Energy Development Agency (IREDA) under Ministry of New and Renewable Energy reported an all-time high annual Profit Before Tax (PBT) of 570 crore rupees in the financial year 2020-21 that was severely affected by Covid 19 Pandemic. The PBT of the company was Rs. 241 crores during FY 2019-20. The company has posted Profit After Tax (PAT) of Rs. 346 crores as against Rs. 215 crores in the last financial year, registering a massive growth of 61%.