New Delhi, July 21 (IANS) India’s fish production has increased from 141.64 lakh tonnes in 2019-20 to 197.75 lakh tonnes in 2024-25 under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), the government informed Parliament on Tuesday.In a written reply in the Lok Sabha, Union Fisheries, Animal Husbandry and Dairying Minister Rajiv Ranjan Singh said the PMMSY — which has been under implementation since the 2020-21 financial year — has played a key role in the holistic development of the fisheri…
Latest Supply Chain News & Updates
Washington, July 16 (IANS) A bipartisan group of US senators has unveiled legislation to increase scrutiny of foreign ownership in America’s pharmaceutical industry, warning that growing dependence on China for critical medicines and drug ingredients poses risks to US national security and public health. The proposed Pharmaceutical Investment Oversight and Accountability Act, introduced by Senate Special Committee on Aging Chairman Rick Scott along with Ranking Member Kirsten Gillibrand and Sena…
New Delhi, July 15 (IANS) US-based technology giant IBM’s Chairman and CEO Arvind Krishna has admitted that the company underestimated the scale of customers’ shift in spending towards artificial intelligence (AI) infrastructure and failed to adapt quickly enough, saying we faltered in the second quarter as the trend weighed on its revenue.In a letter to investors released alongside selected preliminary second-quarter results, Krishna said IBM had expected some supply chain-related disruption bu…
Washington, July 9 (IANS) India has mounted a broad defence of its legal, regulatory and corporate safeguards against forced labour, telling the US Trade Representative (USTR) that the country already has the institutions, laws and industry compliance systems needed to achieve the very objectives Washington is seeking through its proposed Section 301 tariff action. Appearing before the USTR’s public hearing on Wednesday (local time), representatives of the Ministry of Commerce and Industry, the …
New Delhi, June 21 (IANS) European Commission President Ursula von der Leyen has said that the European Commission will develop new tools to counter macroeconomic imbalances, most notably the “growing and unsustainable” trade deficit with China, according to a report.Von der Leyen said the diversification instrument would be country-agnostic, focusing on helping European companies in specific sectors de-risk faster, as supply chain diversification has so far been too slow, according to Euronew…
New Delhi, June 10 (IANS) India’s domestic trade and logistics activity continued to display resilience in May, with e-way bill generation under the Goods and Services Tax (GST) regime rising to 136.08 million, marking an increase of nearly 11 per cent from 122.65 million recorded in the same month last year.The latest figures also showed a sequential growth of 2.03 per cent from 133.72 million e-way bills generated in April. The May tally represents the fourth-highest monthly e-way bill generat…
Seoul, May 27 (IANS) Unionised workers at Samsung Electronics voted to approve a wage agreement, the union said on Wednesday, easing concerns about potential disruptions to the global supply chain.In the six-day vote, 73.7 percent of the 62,616 members of the tech giant’s two largest unions approved the tentative deal. The agreement was finalised after a majority of eligible voters took part in the vote and a majority voted in favour of the proposal, reports Yonhap news agency.The labour union a…
Guwahati, May 25 (IANS) Senior Bharatiya Janata Party (BJP) MLA and former Assam Minister Prashanta Phukan on Monday attributed the ongoing rise in prices to global conflicts and said the situation is expected to gradually improve in the coming months. Talking to reporters here, Phukan said inflation and price rises are not issues limited to Assam or India alone, but are part of a broader global economic situation driven by international conflicts and instability.“The price rise that we are wi…
Mumbai, May 22 (IANS) In the wake of widespread rumours regarding a potential fuel crisis, Maharashtra’s Food, Civil Supplies, and Consumer Protection Minister, Chhagan Bhujbal, on Friday assured the people that the state has an ample supply of petrol and diesel. Speaking to the media, he urged citizens to refrain from panic buying and unnecessary hoarding.The Minister revealed that panic-driven purchasing has led to an unusual surge in demand, with petrol and diesel sales spiking by 20 per ce…
New Delhi, May 16 (IANS) The ongoing US-Iran tensions are imposing rising economic costs on China, exposing Beijing to mounting risks across energy supplies, trade flows and regional investments amid the escalating Gulf crisis, a report has said.The report by Iran International showed that China has expressed growing concern over disruptions to the Strait of Hormuz, a critical energy corridor through which nearly 45 per cent of its oil imports flow, even as it continues to maintain diplomatic su…