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Revival in demand & business activity push Indian economy’s animal spirits up in September

Economists attributed the recovery to pent-up demand after a strict lockdown imposed in March hit the consumption of goods and services.
Cargo ships docked at the Mumbai Port | Photographer: Amit Bhargava | Bloomberg News

India’s exports dip by 12.66%, imports by 26% in August, trade deficit at $6.77 billion

The contraction in August was higher than in July (10.21 per cent) and June (12.41 per cent). Oil imports also declined by 41.62 per cent to $6.42 billion in the month.
Labourers unloading sacks of onion in Azadpur mandi in Delhi | Photo: Manisha Mondal | ThePrint

Modi govt bans export of all varieties of onions to check price rise

The move is aimed at increasing the availability of onions in the domestic market. In the national capital, prices touched Rs 40 per kg.
File photo | Khadi loom weaving | Pikist

Khadi once helped India become independent, it can make us aatmanirbhar again

PM Modi’s ‘vocal for local’ plan greatly applies to India’s khadi industry — it is indigenous, eco-friendly, and can provide many jobs.
Representational image of school children wearing masks | Photo: ANI via Reuters

Make ‘swadeshi’ uniforms and food items a must in schools, RSS affiliate tells Modi govt

Shiksha Sanskriti Utthan Nyas also suggests changes to National Education Policy for a post-pandemic world, calls for India to become 'powerful exporter'.
An employee walks past gantry cranes loading shipping containers onto trucks from the Cosco New York container ship docked at the Jawaharlal Nehru Port, operated by Jawaharlal Nehru Port Trust (JNPT), in Navi Mumbai. Photographer: Dhiraj Singh | Bloomberg

Cancelled orders, halted production — how coronavirus threatens bleak fiscal for exporters

Indian exporters are facing massive shortage, and even cancellation in some cases, of orders. Labour-intensive sectors are fearing job cuts.
File photo Khan Market. | Photo: Manisha Mondal | ThePrint

India’s animal spirits show the slowdown could be bottoming out

Despite the green shoots, Indian economy is set for another quarter of sub-par growth, and still in need of support from the government and RBI.

Promoting garment exports could be single-biggest boost to jobs, so let the rupee fall

Garment exports offer a solution to a number of economic problems, but India faces an unlevel playing field. Correcting rupee’s bloated value can be a start.
Shaktikanta Das

India’s current account deficit is at risk from global slowdown & oil prices: RBI Governor

RBI Governor Shaktikanta Das says India needs structural reforms across sectors and assurance to investors of macroeconomic stability.

Modi govt has set another daunting target – tripling exports to $1 trillion in next 5 yrs

India managed to grow its exports by a meagre $16 billion in the last 5 years and has to now overcome slowing global growth & escalating trade tensions.

On Camera

A file photo of Turkey President Recep Tayyip Erdogan. | Photo: Jeenah Moon/Bloomberg

How France-Turkey’s probable but unlikely conflict has been shaped by Erdogan’s politics

In episode 604 of #CutTheClutter, Shekhar Gupta explains the recent France-Turkey conflict and the deeper implications of this row.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

Tax revenues decline 22% in April-September, at one-fourth of full year target

Tax revenues declined 22 per cent from the year-ago period to Rs 4.58 lakh crore and were at 28 per cent of the full year target of Rs 16.36 lakh crore in the April-September period.

Defence

Army personnel during a parade (representational image) | Photo: Suraj Singh Bisht | ThePrint

Army develops WhatsApp-like app for personnel to dodge risk of communication leaks

The Secure Application for Internet supports secure voice, text and video-calling services for Android platforms over the internet. It is end-to-end encrypted. 
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.