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Representational image of sugar cubes | Photographer: Vincent Mundy/Bloomberg

Govt extends sugar export deadline by 3 months till December due to pandemic

The food ministry said the extension was being provided as several mills faced logistical issues to export amid the Covid situation.
The national flags of China and India (Representational Image) | Photo: Dhiraj Singh | Bloomberg

China’s Covid success spurs 78% rise in imports from India, cuts trade deficit

Crisil has said in a report that Indian exports are flowing back to economies that have been successful in checking Covid spread, while falling to countries like the US, UK.
Ministry of Defence building

Modi govt eyes export of defence products in Indian Ocean region and Africa

A consolidated list of items for possible exports, both from the government and private sector, is being worked upon.
Representational Image | Bloomberg

India’s exports dipped by 10.21% to $23.63 billion in July, says govt data

The country's imports, too, dipped 28.4 per cent to $28.47 billion in July, leaving a trade deficit of $4.83 billion.
Molten steel is poured at a factory in Haryana | Udit Kulshrestha/Bloomberg

India’s iron ore exports rise to 8-year high on China’s 20 million-tonne purchase till June

China relies heavily on imported iron ore to fulfil more than two-thirds of its demand, and purchases have jumped on robust demand from steel mills.
Representational image for India-China relations | File photo: Bloomberg

Balancing LAC tension with economic strategy — How India can walk the tightrope against China

Customs Act allows Modi govt to prohibit imports from China. But the law's compatibility with WTO norms brings legal hurdles. That's where Atmanirbhar Abhiyan comes in.
Illustration by Arindam Mukherjee | ThePrint

‘Atmanirbhar Bharat’ needs both import-substitution and export industrialisation

The Modi govt has tried to avoid labels of protectionism, but one can see presence of import-substitution policies in the govt’s post-Covid-19 stimulus package.
An employee walks past gantry cranes loading shipping containers onto trucks from the Cosco New York container ship docked at the Jawaharlal Nehru Port, operated by Jawaharlal Nehru Port Trust (JNPT), in Navi Mumbai. Photographer: Dhiraj Singh | Bloomberg

FIEO expects 20% fall in export during FY21 over coronavirus pandemic

Federation of Indian Export Organisations, the apex body of exporters requested the govt to provide 2% additional MEIS support to all exports & 4% to labour-intensive sectors.

India to miss sugar export target as lockdown disrupts ports

India won’t be able to ship 5 million tons in the year to September, as expected earlier, because of a shortage of labor at ports and mills.
Former Niti Aayog vice-chairman Arvind Panagariya



Economic costs for India may be huge if COVID-19 fallout lasts 6 months: Arvind Panagariya

In an interview to ThePrint, former Niti Aayog vice-chairman Arvind Panagariya welcomes rupee depreciation as it will make Indian exports more competitive.

On Camera

Erdogan’s assault on Macron is the height of cynicism

There was a time when Turkish President Recep Tayyip Erdogan didn’t see the West as Turkey’s enemy and even wanted to join the European Union.

Turkey waging new war of economic liberation, says Erdogan after country’s currency falls

Erogan's speech follows the Turkish lira weakening to a record low of 8.3849 per dollar on Friday.

Defence

Union Defence Minister Rajnath Singh meets his US counterpart Mark Esper at his office in South Block Monday | Twitter | @rajnathsingh

Here is why US changed Rajnath Singh’s statement on ‘reckless aggression’ by China

Both the US State and Defense departments have added footnotes to the transcripts they released on Rajnath Singh’s remarks at 2+2. The State Department has also updated the text.
Illustration by Soham Sen | ThePrint

5 reasons for the crisis in global Islam

If tens of crores of Muslims across the world feel they are victims of mass Islamophobia, their holy prophet shown deliberate disrespect, it is a sense of crisis and siege.