Budget 2018-19

  After making its mark as a trusted source in pharmaceuticals, IT, among others, Modi said India is now ready to play a role in the supply chain for clean technology. Prime Minister Narendra Modi underlined three critical aspects ‘3Ts — Trusted Source, Transparency and Time frame for improving global supply chains at the Summit on Global Supply Chain Resilience’ on the sidelines of the  G20 Summit  at Rome. After making its mark as a trusted source in pharmaceuticals, IT, among others, Modi said India is now ready to play a role in the supply chain for clean technology. The Summit on ‘Global Supply Chain Resilience’ was convened by US President Joe Biden to discuss the ways in which governments can alleviate pressure points in the global supply chain ecosystem. Recalling the initial months of the Covid-19 pandemic when all countries faced paucity of medicines, health equipment and raw materials for preparing vaccines, Modi said, “Now when the world is on path to economic...

  Yantian Port says it will be back to normal by the end of June, but it may take months for the cargo backlog in southern China to clear while the fallout ripples worldwide. The global shipping industry, already exhausted by pandemic shocks that are adding to inflation pressures and delivery delays, faces the biggest test of its stamina yet. When one of China’s busiest ports announced it wouldn’t accept new export containers in late-May because of a  Covid-19 outbreak , it was supposed to be up and running again in a few days. But as the partial shutdown drags on, it’s further snarling trade routes and lifting record freight prices even higher. Yantian Port now says it will be back to normal by the end of June, but just as it took several weeks for ship schedules and supply chains to recover from the vessel blocking the Suez Canal in March, it may take months for the cargo backlog in southern China to clear while the fallout ripples to ports worldwide. “The trend is worrying,...