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Today’s News – Certicom Updates
Economy
- The Govt announced the guidelines and tax refund rates for the export boosting scheme Remission of Duties and Taxes on Export Products for 8,555 items. The outlay for the scheme is Rs 12,454 crore in the current fiscal.
- India is expected to withdraw sugar export subsidies from the new season beginning October as a sharp rise in global prices makes it easier for Indian mills to sell the sweetener in world markets.
- Retail, recreation visits hit pre-lockdown levels. Power generation also registers a surge; 20% higher than in 2019.
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Finance
- In a partial relief to HDFC Bank, the RBI has allowed the lender to issue new credit cards.
Current Affairs
- With 8,813,919 more Covid-19 vaccine doses being administered on Monday, India’s total count of vaccine shots reached 55.47 crores.
- 80% fee cut for recognised institutes applying for patents. In the past, they were available only to recognised educational institutions owned by the govt.
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