India reported 43,654 new cases in last 24 hours. Active caseload is currently at 3,99,436. Active cases constitute 1.27% of total cases. Weekly positivity rate remains below 5%, currently at 2.36% and daily positivity rate at 2.51%, remains below 5%. 3,06,63,147 total recoveries were recorded across the country so far. Recovery Rate currently stood at 97.39%. 41,678 patients recovered during last 24 hours. Testing capacity was substantially ramped up with 46.09 cr tests totally conducted. 44.61 Cr. vaccine doses were administered so far under nationwide vaccination drive.

The International Monetary Fund cut India's gross domestic product (GDP) growth to 9.5% for 2021-22, from its earlier estimate of 12.5%, citing the impact of the second wave on the economy and recovery process. In its latest update, the IMF said growth prospects in India have been downgraded following severe second wave of Covid.

The global economy is projected to grow 6.0 percent in 2021.For 2022, growth forecast was raised to 4.9 percent from 4.4 percent, the IMF said in an update to its World Economic Forecast. The 2021 global forecast is unchanged from the April 2021 WEO, but with offsetting revisions. Prospects for emerging market and developing economies have been marked down for 2021, especially for Emerging Asia. By contrast, the forecast for advanced economies is revised up. These revisions reflect pandemic developments and changes in policy support. The 0.5 percentage-point upgrade for 2022 derives largely from the forecast upgrade for advanced economies, particularly the United States, reflecting the anticipated legislation of additional fiscal support in the second half of 2021 and improved health metrics more broadly across the group.

Economic prospects have diverged further across countries since the April 2021 World Economic Outlook (WEO) forecast. Vaccine access has emerged as the principal fault line along which the global recovery splits into two blocs: those that can look forward to further normalization of activity later this year (almost all advanced economies) and those that will still face resurgent infections and rising COVID death tolls. The recovery, however, is not assured even in countries where infections are currently very low so long as the virus circulates elsewhere.

India reported less than 30,000 daily cases after 132 days with 29,689 new cases in last 24 hours. India's Active caseload is less than 4,00,000 after 124 days and currently stands at 3,98,100. Active cases constitute 1.27% of total cases. Weekly positivity rate remains below 5%, currently at 2.33% and daily positivity rate at 1.73%, remains below 5%. There were 3,06,21,469 total recoveries across the country so far. The recovery rate currently at 97.39%. 42,363 patients recovered during last 24 hours. Testing capacity was substantially ramped up with 45.91 cr tests totally conducted. Around 44.19 Cr. vaccine doses were administered so far under nationwide vaccination drive.

The Government of India (GoI) has announced the Sale (Re-issue) of (i) 5.63% Government Security, 2026 for a notified amount of Rs 11,000 crore (nominal) through price based auction using uniform price method (ii) GoI Floating Rate Bonds, 2033 for a notified amount of Rs 4,000 crore (nominal) through price based auction using uniform price method (iii) 6.64% Government Security, 2035 for a notified amount of Rs 10,000 crore (nominal) through price based auction using uniform price method, and (iv) 6.67% Government Security, 2050 for a notified amount of Rs 7,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to Rs 8,000 crore against the above Security/Securities. The auctions will be conducted by the Reserve Bank of India on Friday July 30, 2021.

In a major boost to agricultural produce exports from Uttarakhand, first consignment of vegetables including curry leaf, okra, pear and bitter gourd sourced from the farmers of Haridwar, was exported today to Dubai, United Arab Emirates. The exports of vegetables come after a consignment of millets grown in Uttarakhand was exported to Denmark in May, 2021. APEDA, in collaboration with Uttarakhand Agriculture Produce Marketing Board (UKAPMB) & Just Organik, an exporter, sourced & processed ragi (finger millet), and jhingora (barnyard millet) from farmers in Uttarakhand for exports, which meets the organic certification standards of the European Union.

The Uttarakhand government has been supporting organic farming. Agricultural and Processed Food Products Export Development Authority (APEDA) has been carrying out promotional activities to bring Uttarakhand on the agricultural and processed food products export map of India. APEDA is planning to provide financial assistance for setting up a pack house in Uttarakhand which would fulfil the mandatory requirement or infrastructure for export of fresh fruits and vegetables to the international market. APEDA would continue to focus on the Uttarakhand region both in terms of capacity building, quality upgradation, and infrastructure development by linking buyers to farmers through strengthening the entire supply chain of agricultural produce.

In 2020-21, India exported fruits and vegetables valued at Rs 11,019 crore compared to Rs 10,114 crore worth of exports in 2019-20, which is an increase of close to 9%. APEDA undertakes market promotion activities for export of food products, market intelligence for making informed decisions, international exposure, skill development, capacity building and high-quality packaging.

India reported 39,361 new cases in last 24 hours. Active Caseload is currently at 4,11,189. Active cases constitute 1.31% of total cases. Weekly Positivity Rate remains below 5%, currently at 2.31% and daily positivity rate at 3.41%, remains below 5%. Testing capacity was substantially ramped up with 45.74cr tests totally conducted. There were 3,05,79,106 total recoveries across the country so far. The recovery rate currently stood at 97.35% and 35,968 patients recovered during last 24 hours. 43.51 Cr. vaccine doses were administered so far under Nationwide Vaccination Drive.

India reported 35,342 new cases in last 24 hours. Active Caseload is currently at 4,05,513 and active cases constitute 1.30% of total cases. Weekly Positivity Rate remains below 5%, currently at 2.14% and daily positivity rate at 2.12%, less than 3% for 32 consecutive days. There were 3,04,68,079 total recoveries across the country so far with the recovery rate currently at 97.36%. 38,740 patients recovered during last 24 hours. Testing capacity was substantially ramped up with 45.29 cr tests totally conducted. 42.34 Cr. vaccine doses were administered so far under Nationwide Vaccination Drive.

Union Cabinet approved the Production Linked Incentive (PLI) Scheme for specialty steel. The duration of the scheme will be five years, from 2023-24 to 2027-28.With a budgetary outlay of Rs 6322 crores, the scheme is expected to bring in investment of approximately Rs 40,000 crores and capacity addition of 25 MT for speciality steel. The scheme will give employment to about 5,25,000 people of which 68,000 will be direct employment. Speciality steel has been chosen as the target segment because out of the production of 102 million tonnes steel in India in 2020-21, only18 million tonnes value added steel/speciality steel was produced in the country. Apart from this out of 6.7 million tonnes of imports in the same year, approx. 4 million tonnes import was of specialty steel alone resulting in FOREX outgo of Approx. Rs. 30,000 crores. It is expected that the speciality steel production will become 42 million tonnes by the end of 2026-27. This will ensure that approximately 2.5 lakh crores worth of speciality steel will be produced and consumed in the country which would otherwise have been imported. Similarly, the export of specialty steel will become around 5.5 million tonnes as against the current 1.7 million tonnes of specialty steel getting FOREX of Rs 33,000 crore.

India has scored 90.32% in United Nation's Economic and Social Commission for Asia Pacific's (UNESCAP) latest Global Survey on Digital and Sustainable Trade Facilitation. The Survey hails this as a remarkable jump from 78.49% in 2019. After evaluation of 143 economies, the 2021 Survey has highlighted India's significant improvement in the scores on all 5 key indicators, with Transparency:100% in 2021 (from 93.33% in 2019), Formalities: 95.83% in 2021 (from 87.5% in 2019), Institutional Arrangement and Cooperation: 88.89% in 2021 (from 66.67% in 2019), Paperless Trade: 96.3% in 2021 (from 81.48% in 2019) and Cross-Border Paperless Trade: 66.67% in 2021 (from 55.56% in 2019) The Survey notes that India is the best performing country when compared to South and South West Asia region (63.12%) and Asia Pacific region (65.85%). The overall score of India has also been found to be greater than many OECD countries including France, UK, Canada, Norway, Finland etc. and the overall score is greater than the average score of EU. India has achieved a 100% score for the Transparency index and 66% in the “Women in trade” component.

India reported 41,383 new cases in last 24 hours. Active Caseload is currently at 4,09,394. Active cases constitute 1.31% of total cases. Weekly Positivity Rate remains below 5%, currently at 2.12% and daily positivity rate is at 2.41%, less than 3% for 31consecutive days. There were 3,04,29,339 total recoveries across the country so far. Recovery Rate currently stood at 97.35% and 38,652 patients recovered during last 24 hours. Testing capacity was substantially ramped up with 45.09cr tests totally conducted. 41.78 Cr. vaccine doses were administered so far under Nationwide Vaccination Drive.