Massive electronics imports and their debilitating impact on trade balance have long pressured the country’s current account, but a spurt in electronics exports since last year has pleasantly surprised policymakers.
In December 2018, the Cabinet Committee on Economic Affairs (CCEA) had approved an agriculture export policy that proposed to keep the outbound shipment of processed and organic items free of any restriction.
With increasing instances of corporate frauds, the new government could consider substantially raising the strength of the Serious Fraud Investigation Office (SFIO) to bolster its capacity to investigate
Factoring in the central bank’s reserves (608.8 tonne) and an import duty of 10%, the domestic value of the gold stocks at most of the known sources in the world’s second-largest consumer will be even higher.
The US has ordered the suspension of self-handling rights of Indian carriers at American airports, retaliating under a bilateral air services agreement against denial of similar concession to US passenger airlines here, sourc
Cane payment to farmers in electorally-sensitive Uttar Pradesh — the epicentre of the sugar sector crisis — picked up pace since the poll dates were announced by the Election Commission but the arrears still remain stubbo
The CEA asserted that the onus of ensuring the quality of ratings lies solely with the rating agencies; they can’t just crib that companies didn't provide enough information to them to be able to discharge their duty effici
Even that incentive amount might have dropped further in FY19 when the US first dropped 50 items from the list of items eligible for incentives and later, in March, announced the withdrawal of the programme in 60 days.
India has also sought to allay US concerns over latest e-commerce policy as well as Draft Personal Data Protection Bill, 2018, suggesting Washington’s observations will be considered “in a fair manner”, the source said.
Importantly, defying the duty hike, imports of household refrigerators rose by 12.9% between October and February last fiscal, those of compressor for ACs and refrigerators increased by 19.9%, washing machines (less than 10 k
While imports were expected to drop, given that India had slapped a 200% duty on purchases from Pakistan after the withdrawal of the MFN status, the massive fall in exports suggests Islamabad has quietly raised its non-tariff
"The state government has been largely indifferent to the cause of the farmers for the last 19 years (Patnaik's rule). The very fact that 198 blocks out of a total 314 blocks have less than a 35% irrigation coverage suggests
Similarly, while its exports to China rose 31% up to January, its despatches to Hong Kong declined nearly 14%. This upset India’s trade equlibrium with Hong Kong —from a surplus of $4 billion in FY18 to a deficit of $4.7
GeM was set up in August 2016 to improve transparency as well as efficiency of the public procurement system. The Centre has now made it mandatory to buy such items through GeM for its various departments.