-India’s export performance continues to be impressive in April this year with merchandise exports accelerating by an impressive 195.72 per cent over April 2020 levels and 17.62 per cent over the April 2019 levels. Merchandise exports, excluding POL and Gems and Jewellery, have increased by 160.24 percent in April this year over the same period of 2020-21 and by 20.47 percent over the same period of 2019-20.The Economic recovery is also visible in the rising import growth of 167.05 per cent during the month of April this year over the same period of 2020-21 and 7.87 per cent in April this month over the same period of 2019-20. Service exports estimated for the month of April this year are 21.17 billion dollars registering a positive growth of 28.68 percent as compared to April 2020. The estimated value of services import for April 2021 is 13 billion dollar, registering a positive growth of 39.75 percent vis-à-vis April 2020.
-Commerce and Industry Minister, Piyush Goyal held a virtual meeting with US Trade Representative Ambassador Katherine Tai, and discussed measures to enhance COVID-19 vaccine production. The meeting that took place yesterday focused on increasing vaccine availability in an inclusive and equitable manner to combat the global pandemic caused by Covid-19. The proposal of India on waiver of certain Trade-Related aspects of Intellectual Property Rights provisions to increase global vaccine production to take on the challenges of vaccinating the poorest of the poor and saving lives were also discussed. Mr Goyal mentioned that the supply chains for the vaccine manufacturers must be kept open and unbridled as the entire world is in dire need of vaccines. Both sides agreed to work towards the common resolve of increasing vaccine availability and saving lives.
-India Meteorological Department (IMD) has said that this year the onset of the southwest monsoon over Kerala is expected on 31st of this month. IMD in a statement said, the forecast comes with a model error deviation of four days. Generally, the normal date for the monsoon onset over the State is 1st of June. IMD said, in the Indian monsoon region, initial monsoon rains are experienced over south Andaman Sea and the monsoon winds then advance in north-westwards across the Bay of Bengal. As per the new normal dates of monsoon onset, the southwest monsoon advances over the Andaman Sea around 22nd May.
Newsinc24 Team 




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