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Manufacturing PMI rises up to 54.7 in April, Iran war pushes input costs higher

India’s manufacturing activity showed a mild recovery in April, with growth in new orders and output improving sequentially, though the pace remained among the slowest in nearly four years, PTI reported.The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 54.7 in April from 53.9 in March, signalling continued expansion but marking the…

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Leather, footwear sector seeks duty relief as Middle East crisis drives up input costs

India’s leather and footwear industry is struggling with high input costs due to the ongoing Middle East crisis and is seeking import duty exemptions on essential raw materials, machinery and components. Industry representatives have taken up the issue with the commerce and industry ministry, warning that the disruption has sharply raised the cost of several…

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Miners seek easier climate norms; experts flag rising costs, resource depletion

India’s mining and metals sector needs a fresh look at environmental compliance norms as rising exploration costs and depletion of high-grade mineral reserves create new pressures for the industry, experts said on Thursday, PTI reported.The sector, which is estimated to account for up to 7 per cent of global greenhouse gas emissions, currently requires environmental…

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NSO: Out-of-pocket spending still drives hospitalisation costs

Despite a substantial increase in the coverage of health insurance or finance schemes, which only cover inpatient treatment, between 2017-18 and 2025, out-of-pocket expenditure by patients and their families still accounts for almost all of the spending on hospitalisation. This was revealed in the latest household consumption survey on health conducted by the National Statistical…

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