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.
Read More on Financial Express
“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.
President Donald Trump’s executive order and memorandum to stimulate the economy don’t seem to be feasible or legal, experts said Saturday.
Goyal, who also holds the railways portfolio, said, over the past 11 days, freight trains have doubled their speed and moved larger volumes of goods. The average speed of such trains is 46 km per hour, against just 23 km a year before.
Read More on Financial Express
On Sunday, Modi will also release the sixth instalment of funds of Rs 17,000 crore to 8.5 crore farmers under the PM-KISAN scheme.
Read More on Financial Express
SARB under pressure from politicians to take more direct role in stimulating economy
NORMAN BAKER: At last the world is waking up to the horrors inflicted by the Chinese Communist party upon the people it has colonised. Recently, we have seen chained and blindfolded Uighurs.
[Nation] The Kenya Railways Corporation has come up with freight rates as it prepares to begin operations on the revamped railway line to Nanyuki town.According to the corporation, cargo transporters will pay Sh4,720 per tonne from Mombasa to Nanyuki while cargo from Athi-river to Sagana will incur a fee of Sh846 per tonne.For the down direction, general car […]
[Daily News] TANZANIA’s annual adjusted GDP rose by 76.5 per cent during the last four years of President John Magufuli’s administration, according to an estimate announced by the Chief Government Spokesman, Dr Hassan Abbasi.
Gadkari-led MSME ministry earlier this year managed to have import duties slashed on incense sticks and bamboo used in the same, to encourage local industry here. In July this year, the government imposed licensing requirements for import of colour TV and tyres, in a bid to discourage imports. Similar measures are being mulled for toys, furniture and sports […]
Official economic data for June will be out this week. But unconventional indicators can help gauge conditions right nowThis week it will be confirmed that Britain’s economy is in the deepest recession for at least a century. Yet only a few days ago, the Bank of England heralded a return to growth, forecasting a more rapid recovery than previously feared.Off […]
President Trump’s executive orders are unlikely to impress the markets, but may kickstart negotiations on further stimulus
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,”.
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 […]
The Goods and Services Tax collection is getting stabilised because companies have started making deferred payments which the authorities had allowed till September this year in view of the coronavirus crisis, he said.
Read More on Financial Express
Foreaders 