Gold imports dip 6.77 per cent during April-December 2019
Imports of the yellow metal stood at USD 24.73 billion in the corresponding period of 2018-19. The decline in gold imports has helped in narrowing the country's trade deficit to USD 118 billion during the period, against USD 148.23 billion a year ago. India is the largest importer of gold, which mainly caters to the demand of the jewellery industry.
Trade deficit checks: Curbs on duty-free cigarettes, liquor proposed
While the government doesn’t maintain data on imports coming through the...
Pakistan says trade with India plunges significantly
The State Bank of Pakistan data in the first half of 2019-20 fiscal starting from July 1...
India's exports decline for fifth straight month in December, trade deficit narrows
Merchandise exports fell to $27.36 billion in December compared with a year earlier, while imports were down 8.83% to $38.61 billion, the data showed. India's trade deficit stood at $14.49 billion in December 2018, the statement said.
Government pushes for zaid crops to mitigate Kharif deficit
The recent focus on zaid crops has paid off well as area under cultivation during this period has been on rise since last few years. As compared to kharif sowing which is being done across 107 million hectare, zaid planting, mostly pulses, is done across less than 2 per cent of that area.
Need to have fairer, more equitable terms in trade relations: Piyush Goyal
Speaking at the World Economic Forum Annual Meeting 2020, the commerce and industry minister also called for greater cooperation among various nations to realise the huge growth prospects in the Indian Ocean region and also for tackling the important issue of climate change.
Budget can be pro-growth and still stick to fiscal discipline, & how!
The Budget should focus on reviving private investment, which has been lying low.
Malaysia to buy more Indian sugar to resolve palm oil spat: Sources
MSM Malaysia Holdings Berhad will buy 130,000 tonnes of raw sugar from India worth 200 million ringgit ($49.20 million) in the first quarter, the company told Reuters. The company bought around 88,000 tonnes of raw sugar from India in 2019.
Want to Budget-proof investment? Go for insurance stocks: Sudip Bandyopadhyay, Inditrade Capital
Govt needs to figure out sources of revenue or allow a higher fiscal deficit.
View: What's the biggest likely risk to Modi's $5 trillion GDP goal?
For perspective, it took us nearly a decade to go from about $1 trillion to $3 trillion.
U.S. trade deficit drops to more than three-year low
The trade deficit has narrowed 0.7% through November and is on track to record its first annual decline since 2013. While the shrinking trade bill should provide a boost to gross domestic product in the fourth quarter, falling consumer goods imports also suggest a cooling in domestic demand.
Govt yet to take call on RCEP meeting invitation
The ASEAN Secretariat has invited India to attend the meeting to sort out its issues related to the proposed free trade deal. “India has received the invitation for the meeting. No decision has been taken on the issue,” said an official.
FPIs remain net buyers in Jan on US-China trade deal
According to the NSDL data, a net amount of Rs 10,200 crore was invested into equities.
RCEP offers $125 billion market for domestic companies
RCEP offers a market potential of $125-million to Indian firms, as per a World Trade Centre study.
India can explore USD 82 billion export potential in 20 products in China: Report
Indian exporters have a competitive advantage as far as these 20 goods are concerned. Currently, India meets only 3.3 % or $2.7 billion of the total annual import demands of $82 billion for these 20 products in China. India's exports of these 20 products are worth around $15 billion to the world, which is 4.5% of the country's annual outward shipments.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service