WFP chief seeks aid from donors, billionaires for food

David Beasley urged donors, including governments and institutions, to help, and he made a special appeal to the more than 2,000 billionaires in the world to open their bank accounts Even before COVID-19 became an issue, World Food Programme chief David Beasley was warning global leaders that the world would …

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Diesel demand seeing degrowth, petrol picking up amid pandemic, says Indian Oil

Kolkata: State-run Indian Oil Corporation on Monday said demand for diesel in West Bengal has declined 20 per cent during the current fiscal so far, as industries are not fully operational in the wake of the COVID-19 pandemic. Petrol demand has been flat in the state during the ongoing coronavirus …

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Identified tourism sites can be turned into green zones with use of only biofuels: Petroleum minister

Union cabinet minister Dharmendra Pradhan on Sunday recommended a proposal under which identified tourist sites or iconic spots will be turned into green zones where vehicles using only eco-friendly fuel will be allowed to ply. He said the proposed project will be the joint effort of the ministry of tourism …

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CII asks RBI to relook circular on opening of current accounts

NEW DELHI, Industry body CII has urged the Reserve Bank to reconsider its circular regarding opening of current accounts saying that the guidelines are likely to disrupt the servicing of clients by banks leading to inefficiencies and delays. The RBI on August 6 issued a circular imposing restrictions on opening …

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India’s crude steel output falls over 4% to 8.48 MT in August: worldsteel

India’s crude steel production fell over 4% to 8.478 million tonnes (MT) in August 2020, according to the World Steel Association (worldsteel). The country had produced 8.869 MT of crude steel during the same month last year, the global industry body said in its latest report. However, global steel output …

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Container cargo handling at major ports drops about 25% in April-August: IPA

NEW DELHI: Container cargo handling at India’s major ports fell about 25 per cent during April-August amid the COVID-19 pandemic, according to ports body IPA data. Container cargo in terms of TEUs (twenty-foot equivalent unit) at India’s 12 major ports dropped 25 per cent to 3.25 million in the April-August …

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International Film Festival of India postponed to 2021 amid covid-19 pandemic

PANAJI (GOA) : International Film Festival of India, IFFI, 51st edition of IFFI, coronavirus pandemic,InternationalFilmFestival circuit The 51st edition of the annual International Film Festival of India (IFFI) which was scheduled to start from November 20 in Goa has been postponed to next year amid the coronavirus pandemic. The Press …

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Global labour income estimated to have declined by $3.5 trillion in first 3 quarters of 2020: ILO

The ILO said the biggest drop was in the lower-middle income countries, where the labour income losses reached 15.1%, with the Americas being the hardest hit region at 12.1% Global labour income is estimated to have declined by 10.7% or $3.5 trillion in the first three quarters of 2020 due …

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Aviation fuel is now so cheap it’s being blended for use by ships

The fuel that powers passenger planes is normally among the most expensive oil products, but in a sign of the times the coronavirus has turned it into a blending component for typically cheaper shipping fuel. Straight-run kerosene, usually processed into jet fuel, is now being used to make very low-sulfur …

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