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Post Delhi Polls, LPG Price Hiked By Rs 144 Per Cylinder

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New Delhi: Barely a day after the poll process in Delhi concluded with the AAP bagging 62 seats, the prices of LPG cylinders were hiked by a steep Rs 144.50 to Rs 858.50 per cylinder on Wednesday.

This was one of the steepest increases in LPG prices in over 5 years. A
non-subsidised 14.2 kg cylinder will now cost Rs 858.50 in New Delhi, Rs 896 in Kolkata, Rs 829.50 in Mumbai and Rs 881 in Chennai.

Usually LPG prices are revised on the 1st of every month, however, amid Delhi elections the process was deliberately delayed.

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India

Indian economy to contract by 10.3% in 2020; may show 8.8% growth in 2021: IMF

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New Delhi, 13 Oct. : The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 percent this year, the International Monetary Fund said on Tuesday.

However, India is likely to bounce back with an impressive 8.8 percent growth rate in 2021, thus regaining the position of the fastest growing emerging economy, surpassing China’s projected growth rate of 8.2 percent, the IMF said in its latest ‘World Economic Outlook’ report.

Released ahead of the annual meetings of the IMF and the World Bank, the report said global growth would contract by 4.4 percent this year and bounce back to 5.2 percent in 2021.

America’s economy is projected to contract by 5.8 percent in 2020 and grow by 3.9 percent the next year, the IMF said.

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India

Johnson & Johnson Pauses COVID-19 Vaccine Trial Participant Became Unwell

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New Delhi, 13 Oct.: US pharmaceutical giant Johnson & Johnson announced that it has temporarily paused its Covid-19 vaccine trial after a participant became unwell.

“We have temporarily paused further dosing in all our Covid-19 vaccine candidate clinical trials, including the Phase 3 ENSEMBLE trial, due to an unexplained illness in a study participant,” company as saying in a statement on Monday.

The patient’s condition was being reviewed and evaluated by the ENSEMBLE independent Data Safety Monitoring Board as well as internal clinical and safety physicians, it added.

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India

Govt LTC scheme: Employees may have to spend over Rs 1 lakh for reimbursment

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New Delhi, 12 Oct : The government’s measures to boost consumption demand by providing more money into the hands of individuals would require a central government employee to spend in excess of Rs 1 lakh to claim leave travel concession reimbursement of just over Rs 30,000.

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