Agricultural policy has prioritised price stabilisation over fostering long-term competitiveness. This incentivises the pursuit of subsidies rather than productivity enhancement.
About 150 mills have stopped operations, while another 50 have reduced output as local steel prices hover near five-year lows. Almost half of India’s steel output flows from smaller units
India banned wheat exports in 2022 after output was curtailed due to a heat wave, but overseas sales picked up as Russia’s invasion of Ukraine sent global prices to multi-year highs.
The decision to remove the additional duty was one of six WTO disputes India and US resolved when PM Modi visited Washington in June but it was implemented only last week.
The Indian experience so far is that when imports are banned or restricted in the expectation of domestic manufacturers filling in, it almost never — in fact, never — happens.
According to Chinese customs data, Beijing's overall bilateral goods trade with Moscow stood at $73.15 bn in January-April period this year — a 41% increase from same period in 2022.
Merchandise trade rose to $9.12 billion in April-November 2022 from $6.44 billion in the same period in 2021. But this time, it was driven by imports from Turkey.
‘Mother kept pouring water in our eyes whenever the burning became unbearable. She pushed our bodies deep into the blanket, making sure not a single part was exposed,’ my father said.
December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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