Wednesday, 22 April 2015

Top economic news of the day - April 22, 2015

The recurring spells of un-seasonal rains and hailstorms has caused massive damage in the mango belt of Uttar Pradesh with the output estimated to fall 50%.

News-of-events
Affected by sluggish Chinese demand, the country has exported only 4.5mn bales of cotton so far and the overall shipments are expected to fall by 29% to 7mn bales in the ongoing crop year ending September. 
 
The recurring spells of un-seasonal rains and hailstorms has caused massive damage in the mango belt of Uttar Pradesh with the output estimated to fall 50%. 
 
An Indian parliamentary committee has recommended that price caps should be extended to all drugs in the country and that the government should expedite the capping process. 

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