Exports up 52.39 pc to $7.71 billion during June 1-7

El Salvador creates history: Becomes world’s first country to adopt Bitcoin as legal currency

The price of Bitcoin was marginally up from $33,555 to $34,398, as per CoinMarketCap, shortly after the announcement of adopting Bitcoin as legal tender by El Salvador’s President Nayib Bukele on Wednesday morning.

Exports of engineering, gems and jewellery and petroleum products increased by 59.7 per cent to USD 741.18 million, 96.38 per cent to USD 297.82 million and 69.53 per cent to USD 530.62 million respectively, the data showed.

Exports to the US, UAE and Bangladesh rose by about 60 per cent to USD 500 million, 57.86 per cent to USD 173 million and 212 per cent to USD 166.3 million respectively.

India’s exports grew by 52.39 per cent to USD 7.71 billion during the first week of this month on account of healthy growth in shipments in sectors including engineering, gems and jewellery and petroleum products, according to preliminary data of the commerce ministry.

Imports too rose by about 83 per cent to USD 9.1 billion during June 1-7. Exports of engineering, gems and jewellery and petroleum products increased by 59.7 per cent to USD 741.18 million, 96.38 per cent to USD 297.82 million and 69.53 per cent to USD 530.62 million respectively, the data showed. However, exports of iron ore, oil seeds and spices recorded negative growth during June 1-7.

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Imports of petroleum and crude oil jumped by 135 per cent to USD 1.09 billion. Imports of electronic goods and pearls, precious and semi-precious stones increased by 45.85 per cent to USD 324.77 million and 111 per cent to USD 294 million respectively.

Exports to the US, UAE and Bangladesh rose by about 60 per cent to USD 500 million, 57.86 per cent to USD 173 million and 212 per cent to USD 166.3 million respectively. Similarly, imports from China, the US, and UAE grew by 90.94 per cent to USD 809.53 million, 89.45 per cent to USD 410.65 million and 164.55 per cent to about USD 400 million respectively.

Maharashtra govt will amend agri law to protect interest of farmers: Balasaheb Thorat

Thorat, a senior Congress leader, along with state Cooperation Minister Balasaheb Patil, Agriculture Minister Dada Bhuse and MoS Agriculture and Cooperation Vishwajeet Kadam met Pawar to discuss the draft law.

India’s exports grew by 67.39 per cent to USD 32.21 billion in May, driven by healthy growth in sectors such as engineering, and petroleum products.


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UP prepared for third COVID wave, favours GST cuts to facilitate patients: State FM Suresh Kumar Khanna

He said the UP government is in favour of cutting taxes on COVID essentials to facilitate patients, but will accept the decision of the GST Council with regard to Goods and Services Tax rates.