Strong domestic demand amidst high commodity prices will raise total import bill and contribute to unfavourable developments in the current account balance, warns report.
While domestic production's turned sluggish, exports have suffered owing to preferential tariff treatment towards countries like Bangladesh & Vietnam and cheap imports from China.
In exclusive interview to ThePrint, DGFT Santosh Kumar Sarangi talked about India's free-trade agreements with UAE & Australia, new Foreign Trade Policy & China opening up its economy.
Rising Covid-19 cases in China has surged demand for fever medicines & test kits. As one of the world's biggest drug makers, India is ready to step up exports, said Pharmexcil chairperson.
India is expected to produce record sugar crop this year, which could allow New Delhi to export up to 8 million tonnes, the government and industry official said this month.
PM Modi launched National Logistics Policy Saturday. Exporters in high-value sectors like gems & jewellery welcome it but have concerns about implementation of digital services.
Twenty per cent export tax on several varieties of rice. 'Circumstances exist which render it necessary to take immediate action', says revenue dept notification.
Recommendations appear in Niti Aayog’s Tax Policy Working Paper Series–II. It says there is a need to shift away from fear-based enforcement to trust-based governance.
In service with the British military since 2019, it is also known as the Martlet missile. Ukrainians have also deployed these missiles against Russian troops.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
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