Friday, 20 April, 2018

Economy

Jawaharlal Nehru Port

With US-China trade war heating up, the sorry state of India’s exports may worsen

World Bank report expresses concern over falling exports; elevated exchange rate, capital crunch due to GST, among others, seen as major causes.
aab Gripen fighter jet

Sweden, India work on security pact to allow increased sharing of classified information

The two countries agreed to deepen bilateral cooperation in defence, set up a common task force on cyber security and form a partnership on innovation at the summit for Nordic leaders.
Union Finance Minister Arun Jaitley during a press conference

More than enough currency in circulation: Finance minister Arun Jaitley

Jaitley responds to reports of currency shortage in six states saying that it would be tackled quickly.
Chinese drugs

India’s import of China-made medicines has increased 50 per cent in 4 years

The export of pharmaceuticals, especially generics and drug formulations, is one of India’s strengths. But China has been steadily eroding India’s advantage.
A pile of Indian 2000 rupees notes

The chances of India being named a currency manipulator are slim

It is highly unlikely that India will be called a manipulator as it has persistently been running current account deficits since 2005.
An American Flag | Spencer Platt/Getty Images

US trade war is a symptom of foreign nations treated as backdrops for domestic politics

The inevitability of going to a trade war has been accepted as “predestined,” with the “when” entirely driven by approval rating and domestic quibble.

Gems are collateral damage as India bank fraud hurts exports

Gems and jewelry exports fell 16.6 percent from a year ago pushing India’s trade deficit deep into the red and giving more ammunition to rupee bears, who have driven the currency to a five-month low. It...
Prime Minister Narendra Modi | Manvender Vashist /PTI

Modi makes a business trip to Nordic free-trade bastion

The one-day summit in Stockholm is an opportunity for Nordic businesses to sign trade deals with the Modi govt, which has been resistant to deals that could flood India with foreign goods. 
File photo of Bitcoin

Delhi based Coinsecure loses $3 million in a Bitcoin heist

The firm is working hard to recover the money. However, its efforts might be hampered by India’s crackdown on cryptocurrencies even as global prices rebound.
Raamdeo Agrawal

Stock picker who built $2 billion empire unfazed by India polls

In veteran stock picker Raamdeo Agrawal's view it doesn’t even matter who becomes the country’s next Prime Minister because the economy will grow anyway. India’s stocks are falling. Investors are worried about upcoming elections. But Raamdeo...
journalist protest

Indian journalists face a brutal equation: Fight together for press freedoms or perish

The media can disagree, fight and judge each other. But it can survive and thrive only by closing ranks when its first principles are under attack.

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