Forex reserves

Mumbai, April 26: India’s foreign exchange reserves increased by $1.16 billion to $313.53 billion for the week ended April 18. Foreign currency assets increased to $302.98 billion, up by $1.16 billion, in the reporting week. Foreign currency assets expressed in dollar include the effect of appreciation or depreciation of non-US currencies such as euro, sterling and yen held in reserves.

Cement import

New Delhi, April 26: The government will import more cement, if necessary, to address the demand-supply mismatch in the domestic market and check any rise in prices. “We have allowed cement import and 1.3 lakh tonnes has already arrived from Pakistan,” minister of state for industry Ashwani Kumar said on the sidelines of a Ficci seminar here.