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Modi govt has been working on a multi-pronged strategy since walking out of RCEP last year. LAC incident has only pushed the process, says top official.
Delay in the arrival of imported onions and availability of cheaper local varieties has led to states not picking up almost 6,000 MT of the kitchen staple.
Modi govt is importing more onions under relaxed rules to deal with supply & price issues. But experts fear for India’s agricultural biodiversity.
From electricity pricing reform to efficient dairying, an over-priced rupee to ineffective RBI rate cuts, a lot needs to change whether or not India signs RCEP.
India's iron ore production will take a big hit as delays in auctions of mining leases, due to expire in March, threaten to push the domestic market to a deficit from a surplus.
Weak global demand as a result of trade war may further impact India’s exports and investment activity, the RBI had recently said.
This week unleashed the third wave of tariff hikes in the ongoing US-China trade war, which started in January last year.
Higher crude imports went unnoticed due to global prices, analysts say. Modi govt says ‘made considerable progress, but it takes time’.
The plan would enable direct convertibility between the rupee and yuan and will help cut transaction and hedging costs.
Getting investors to build storage facilities will have twin benefits: reduce strain on state finances & shield economy against volatile oil prices.
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