Wednesday, 29 June, 2022
TopicChinese imports

Topic: Chinese imports

US says India, China may be buying more Russian oil than believed, easing supply crunch

Josh Wingrove -
The price of West Texas Intermediate crude has fallen to just over $105 from more than $122 earlier this month — raising hopes that pressures may ease at the gas pump.

Inching towards self-reliance: India now makes 35 drug raw materials that were imported before

Abantika Ghosh -
Chemicals and Fertilisers Minister Mansukh Mandaviya says move will help India become self-reliant in manufacturing key drugs. Most raw materials were so far imported from China.

What conflict? India’s imports from China soar to almost $100 bn, led by smartphones, machinery

Nayanima Basu -
According to China's official data, its exports to India reached $97.52 billion in 2021, while total two-way bilateral trade touched $125.66 billion.

India’s imports from China rise despite boycott calls, pandemic. But this may not last

Remya Nair -
There has been a surge in China’s share in India’s trade basket by almost 3 percentage points for imports and 2 percentage points for exports.

CSIR working on making 56 bulk drugs in India as Modi govt wants to cut imports from China

Abantika Ghosh -
China is the biggest supplier of ingredients for drug production in India. Govt has drawn up list of 56 APIs for essential drugs with plans to make them in India.

India ‘critically dependent’ on China in imports across 86 tariff lines, GoM report says

Remya Nair -
GoM to promote manufacturing suggests govt departments should work to cut down imports like refrigerators, point-of-sale machines, 5G optical fibre.

China share in India imports up 5% points in April-July over last year, despite overall decline

Remya Nair -
Trade experts say India’s dependence on China for items like APIs for medicines will continue, but not-essentials like toys & plastics could be cut back.

US bans import of 5 Chinese goods produced in ‘forced labour camps’

PTI -
These goods are produced in Xinjiang Uyghur Autonomous Region, where the Chinese govt is engaged in systemic human rights abuses, the US said.

Balancing LAC tension with economic strategy — How India can walk the tightrope against China

V.K. Saraswat -
Customs Act allows Modi govt to prohibit imports from China. But the law's compatibility with WTO norms brings legal hurdles. That's where Atmanirbhar Abhiyan comes in.

After lockdown punch, Indian companies are hit by Chinese shipments stuck at ports

Shruti Srivastava -
Stopping Chinese imports will hurt businesses that placed orders before the border clashes, but the govt is working on resolving this, Union minister Nitin Gadkari had said.
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Economy

Hong Kong skyline as seen from Victoria Peak at night | Paul Yeung | Bloomberg

Hong Kong’s future as financial center in jeopardy after Xi Jinping tightens restrictions

Kari Lindberg -
Situation looks dire with the annual economic growth forecast decreased, mainland's rigid Covid policies affects the city's competitive edge.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

Raghav Bikhchandani -
These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

National Interest

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Shekhar Gupta -
Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.

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