Tag Archives: India

India’s invisible catastrophe: fears over spread of Covid-19 into poor rural areas 

Country is entering a dangerous new phase of rising infections in small towns and villages with limited access to healthcareCoronavirus – latest updatesSee all our coronavirus coverageWhere better to seek sanctuary from a virus roaring through a crowded metropolis than a remote mountainside with views of the Himalayas?This was the reasoning that prompted Lal […]

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We have good green shoots visible in the economy and exports have shown a good turnaround: Piyush Goyal 

Mr Piyush Goyal, Minister for Commerce & Industry and Railways, Govt of India asserted that Indian products deserve a fair access to other countries before those countries can freely access the Indian market. “India wants reciprocal trade with other countries,” he added. Addressing the inaugural of ‘India Virtual FMCG Supply Chain,’ o […]

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Balance of payments to be ‘very, very strong’ this year: Piyush Goyal 

India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent. The country posted a trade surplus of USD 0.79 billion in June. 

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Balance of payments to be ‘very, very strong’ this year, green shoots visible in economy: Piyush Goyal 

“We are in July at about 91 per cent export level of July 2019 figures. Imports are still at about 70-71 per cent level of July 2019. So, broadly our balance of payments this year is going to be very very strong, which is why we feel confident that Indian industry will see opportunities for themselves,” he said at a Ficci webinar.

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Mauritius scrambles to counter oil spill from grounded ship 

Anxious residents of the Indian Ocean island nation of Mauritius are stuffing fabric sacks with sugar cane leaves to create makeshift oil spill barriers as tons of fuel leak from a grounded ship

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Arvind Panagariya cautions govt: Import licences will be a complete violation of WTO 

Panagariya’s comments come at a time when India has introduced certain imports in the restricted list including tyres and TVs to curb imports from China as it aims to become self reliant. “While I am not yet worried about the return of term Atma Nirbhar Bharat, what is worrying is turn in policies three years ago and that have not reversed since,”.

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India may impose anti-dumping duty on Chinese PET Resin 

PET resin is used in textiles, plastic bottles, tires, undersea cables and 3-D printing, among others. However, the department said that the scope of product under consideration does not include recycled PET Resin used to manufacture preforms, which are then converted into PET bottle and jars for the storage of mineral water, carbonated soft drinks, edible o […]

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Microsoft expands TikTok takeover ambitions to entire global business: Report 

Microsoft Corp is chasing a deal to buy all of TikTok’s global business, including its operations in India and Europe, an international daily reported on Thursday, citing five people with knowledge of the talks. Microsoft has said it is seeking to buy the assets of TikTok in North America, Australia and New Zealand. It has not disclosed how much it is willin […]

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JSPL July steel output rises to 7.40 LT, sales at 7.62 LT 

“India Inc is getting back to normalcy, as companies can mend supply chains, getting more workers back on the job, resulting in the increased domestic steel demand. Thanks to the Government#39;s efforts to reboot the economy by announcing the stimulus package,” Sharma said.

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Poultry farmers in dire need of cash; seek $2.7 billion as sales dip amid coronavirus 

India’s poultry industry is in dire need of cash after prices slumped earlier this year on speculation fanned by social media that chickens could spread the coronavirus, according to one of the nation’s top producers.

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Worst Seems To Be Over Says Finance Ministry, Farm Sector To Cushion Covid Shock 

The Finance Ministry noted in a latest monthly update that with India unlocking, the worst seems to be over for the economy as high-frequency indicators show an improvement from the unprecedented trough the economy had hit in April 2020. These include Index of Industrial Production (IIP), Purchasing Managers Index (PMI), power generation, production of steel […]

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Consumer Price Inflation For Industrial Workers Stays Just Above 5% 

The Labour Bureau, an attached office of the M/o Labour and Employment, has been compiling Consumer Price Index for Industrial Workers (CPI-IW) every month on the basis of the retail prices of selected items collected from 289 markets spread over 78 industrially important centres in the country. The index is compiled for 78 centres and All-India and is relea […]

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Vocal for Local: Modi govt restricts ‘Colour TV’ imports; India imported TVs worth this much in recent years 

Around 30 per cent of TVs are imported from various countries and about 80-85 per cent TV components are imported as there is no local manufacturing.

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US, European Union, others question India on using WTO peace clause 

The peace clause protects a developing country’s food procurement programmes against action from WTO members in case subsidy ceilings are breached. High subsidies are seen to be distorting global trade.

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China, India got lot richer but refused to take on any more responsibilities: top US Senator 

“No one expected the Uruguay Round to be the last global trading round. Over the last two decades, countries like China and India got a lot richer, but they’ve refused to take on any more responsibilities,” Senator Chuck Grassley claimed. “In fact, they claim they are entitled to special treatment in any future negotiations because they are developing c […]

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