Commerce ministry data shows that in April and May, India’s exports to China declined by 31% while imports grew by 12.75%. Overall trade grew by just 2% compared to previous year.
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.
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.
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.
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.
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.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
A common thread runs through the memories of soldiers of the 1965 war—ingenuity, courage and camaraderie that withstood an apparently technologically superior foe.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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