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Coronavirus: Govt announces relief for contractors; oil rallies for 7th day The announcement came a day after FM held talks with industry leaders on coronavirus-related issues Current Affairs :The administration, on Wednesday, gave help to temporary workers hit by disturbances in supply from China since the plague originally broke out by declaring that contract based workers won’t face any activity on the off chance that they neglect to respect legally binding commitment. The declaration came a day after Finance Minister Nirmala Sitharaman held talks with industry pioneers on coronavirus-related issues. As indicated by media reports, India Inc looked for exclusion from punishments for delays in executing government contracts. Branch of Pharmaceuticals, in the interim, has solicited the Directorate General from Foreign Trade (DGFT) to limit sending out 12 dynamic pharmaceutical fixings (APIs) and plans in the repercussions of the flare-up. The 12 APIs and details incorp...

India’s BPCL buys US crude set to arrive in China after new tariffs kick in Six tankers carrying about 12 million barrels of US crude were on the way to China at the time of the announcement of new tariffs Current Affairs :- An Indian state-claimed purifier has swooped in to purchase American oil that was in transit to China however due to touch base after new duties kicked in. Bharat Petroleum got a couple cargoes of US unrefined that were as of late redirected from its unique goal of China, Refineries Director R Ramachandran said in a meeting. He didn’t recognize the dealer, how enormous the shipments were, or the name of the boats. It’s conceivable BPCL could purchase progressively American oil that was made a beeline for China, he said. Beijing declared it would force the 5 percent demands – the primary ever Chinese taxes on US oil – on Aug 23 and they produced results Sept 1. Six tankers conveying around 12 million barrels of US rough were en route to China at the h...

WPI inflation slips to near 2-year low in May, declines to 2.45% Inflation in food articles basket was 6.99 per cent, down from 7.37 per cent in April Current Affairs :-Discount cost based expansion slipped to 22-month low at 2.45 percent in May helped by falling costs of nourishment articles, fuel, and power things, as per an official information discharged Friday. The Wholesale Price Index (WPI)- based swelling was at 3.07 percent in April. It was 4.78 percent in May 2018. Swelling in sustenance articles container was 6.99 percent, down from 7.37 percent in April. Nonetheless, onion costs spiked during the month with swelling at 15.89 percent, as against (- ) 3.43 percent in April. Vegetable swelling facilitated to 33.15 percent in May, down from 40.65 percent in the earlier month. Swelling in potato was (- ) 23.36 percent, against (- ) 17.15 percent in April. WPI swelling in May is the most minimal in 22 months, since July 2017, when it was at 1.88 percent Swe...