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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.
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.
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.
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 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.
In an interview to ThePrint, former Niti Aayog vice-chairman Arvind Panagariya welcomes rupee depreciation as it will make Indian exports more competitive.
The FAO Food Price Index fell 1% from January, with vegetable oil, meat, and cereal indices registering a decline.
New Delhi wants to resume negotiations on the long-pending Comprehensive Economic Cooperation Agreement with Australia, talks for which stalled in 2015.
Finance Minister Nirmala Sitharaman should have admitted that Indian economy was in a crisis, and then explained how she planned to get us out of it.
Egypt's main wheat buying agency is looking to purchase 6,00,000 MT of soft or milling wheat and India is eyeing this contract.