Topic: Imports
India working to restrict Chinese goods, investments since before Galwan, Covid: Officials
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.
States don’t want the imported onions they asked for, govt worried about waste
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.
Why Modi govt’s decision to ease fumigation norms for onion import has experts worried
Modi govt is importing more onions under relaxed rules to deal with supply & price issues. But experts fear for India’s agricultural biodiversity.
Trade deal or no deal, India’s economy needs systemic changes to stop under-performing
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.
Mining industry braces for bleak year as leases expire and auctions get delayed
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.
India’s trade gap widens to $15.36 billion as exports stay under pressure
Weak global demand as a result of trade war may further impact India’s exports and investment activity, the RBI had recently said.
US-China trade war: Here’s why the tariff tiff has stock markets in a fix
This week unleashed the third wave of tariff hikes in the ongoing US-China trade war, which started in January last year.
Modi govt promised to raise India’s crude oil output – but it actually dropped last 5 yrs
Higher crude imports went unnoticed due to global prices, analysts say. Modi govt says ‘made considerable progress, but it takes time’.
India may allow some imports from China to be settled in yuan
The plan would enable direct convertibility between the rupee and yuan and will help cut transaction and hedging costs.
India wants oil producers & traders to fund $1.5 billion emergency oil reserve
Getting investors to build storage facilities will have twin benefits: reduce strain on state finances & shield economy against volatile oil prices.
Why BJP and RSS workers are the new targets of militants in Kashmir
The murder of BJP leader Wasim Bari in Bandipora is another reminder that we must be steadfast in our resolve to completely erase militancy from Kashmir.
Yes Bank to raise $2 billion in share sale to raise capital
The share offering will be from 15 to 17 July, according to a stock exchange filing. Shares of Yes Bank climbed as much as 5.6% on Thursday morning.
Defence
Armed forces to limit flying Cheetah choppers as Covid hits spares production at HAL
HAL has reduced spare production for the ageing Cheetahs, and it has been communicated to the forces that the shortage is expected to last around 3 months.
Read my lips, forget the camera
Say Central forces' angry soldiers. They need reform, committed leaders. And very sensitive handling.