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Sunday, April 28, 2024
TopicImports

Topic: Imports

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.

Palm oil producers hope India’s Diwali buying will boost their fortunes

With production in top growers climbing & prices hovering near 3-year lows, last chance to arrest palm oil’s decline is Indian demand ahead of Diwali.

Rupee rout prompts Modi govt to raise customs duties on $12 billion of goods

The taxes on 19 items will be effective Thursday as Modi govt seeks to narrow the current-account deficit and support the rupee.

Startups fear that Trump’s tariffs will stifle the next Apple

Unlike larger companies, American startups fear they will not be able to cover up for the losses due to Trump's tariffs.

Vedanta plant’s closure to quadruple India’s copper imports

It won’t help much even if top producer Hindalco boosts its production, because a third of its output is committed for export.

On Camera

America’s out-of-control militarised police forces are a threat to democracy

The world watched aghast as police armed with tasers, tear-gas masks—and in one case backed up by snipers—arrested hundreds of pro-Palestinian protesters at universities across the United States.

Asia’s growth outlook remains positive despite external uncertainties, says ADB

The Asian Development Outlook 2024 report suggests that policymakers in the region should monitor a number of risks. These include escalating conflicts and geopolitical tensions.

Germany removes restrictions, India can now buy small arms from its firms

Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.