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Tuesday, November 5, 2024
TopicForeign trade

Topic: Foreign trade

Govt extends export ban on de-oiled rice bran till March next year

The Centre had first imposed a ban on de-oiled rice bran, a major ingredient in the preparation of cattle & poultry feed, earlier this year in July.

Business deals, maritime corridors, govt securities — how India’s helping Russia use its surplus rupees

Imbalance in Russia-India trade & US sanctions have meant Russia is accumulating rupees it can’t use. At stake could be a significant part of India’s imports from Russia.

FICCI report raises alarm bells about rise of illicit markets, terrorism-linked activities in India

Report also notes that India accounts for 11% of globally seized value of perfumes and cosmetics, and is one of the major hubs & sources of such counterfeits.

Optimistic about 10.5% economic growth this year, says finance minister

Sitharaman also said that the priority was growth of the economy, and not taxing diesel vehicles as of now.

SubscriberWrites: A Trade policy with no provisions for trade financing

Despite talks about leveraging the digital, the foreign trade policy has failed to mention how this emphasis on technology can address the financial shortcomings that plague the MSME sector.

India’s Foreign Trade Policy 2023: A Dynamic and Responsive Strategy for Export Growth

This FTP intends to reduce transaction costs by reducing composition fees in certain schemes, simplifying procedure, and integrating various timelines into the policy.

Focus on rupee trade, e-commerce exports: Key highlights of Foreign Trade Policy 2023

New FTP expects e-commerce exports to grow up to $200-300 billion by 2030. It also proposes reduced licence fees for MSMEs, provisions for merchanting trade & more.

‘Similar or higher’ goods exports likely for India in FY 2023-24: Director General of Foreign Trade

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.

Ban on wheat export is tyranny. It stops farmers from getting a windfall from higher prices

Modi govt's ‘deal’ for the farmer is: ‘Heads I win, tails you lose’. Just when farmers might receive a decent price, the govt floods the market with imports or bans exports.

Political nod for pvt foreign trips ‘uncalled for’: Delhi HC quashes MEA order for SC, HC judges

HC also rejected the Centre’s contention that information on judges traveling abroad privately is required so that they can be given requisite assistance in case of an emergency.

On Camera

Trudeau is nursing snakes in his own backyard. Misguided Sikhs in Canada are losing the plot

By turning a blind eye to the snakes in his own backyard, Trudeau is setting the stage for a disaster of epic proportions for his country, his people, and the world at large.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

India carries out 1st patrol in Depsang since disengagement with China, to take things ‘slow’

While there are patrolling points (PP) 10, 11, 12, 12A and 13 in the Depsang Plains, the patrol in the region Monday was carried out to only one point as decided by India and China.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.