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.
The current Iran war has laid bare a fundamental reality: 20 per cent of global energy trade cannot afford to rely on a single artery, no matter how resilient and cost-effective.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
COMMENTS