International trade is set to get a new lease of life as Covid-hit countries learn the value of global supply chains in the fight against the pandemic.
NYT columnist and author Thomas Friedman said India must cherish, preserve and revere its pluralism and democracy. Read the full exchange of ThePrint's digital Off The Cuff.
At ThePrint's Off The Cuff, American author-journalist Friedman also said PM Modi deserved a 'decent grade' for quickly imposing the lockdown in India.
This edition of 'Off The Cuff' saw New York Times columnist and three-time Pulitzer Prize winner Thomas Friedman in conversation with ThePrint Chairman & Editor-in-Chief...
Clean energy is “no longer the sideshow, it is the show”, BVR Subrahmanyam told the Odisha summit, warning India to lead the global shift or risk others’ tech dominance.
Dubai airshow crash & pilot death have rekindled concerns over pilot safety, and need for smarter automated systems that can step in when G-forces, temporary loss of consciousness hit the pilot.
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
I completely agree that global supply chain is essential. However, in the press conference of our finance minister day before yesterday, she said global tender will be disallowed upto 200 cores. How will this help India’s ease with global trade?
The Finance Minister, Nirmala Sitharaman, said global tenders will be banned for government procurement up to Rs 200 crore to encourage business for MSMEs so that they could compete and supply for government tenders. This, she said, would help in making industries in India self-reliant. And this may be just a temporary measure to tide over the crisis. Self-reliance does not mean self-isolation. As far as trade and being part of global value chains are concerned, it is imperative our MSMEs produce world-class goods. This is also needed to address our concerns on trade deficit where India should be able to export more manufactured goods and import less.
I understand. Thank you for explaining further!
Nayanima,
Democracy dancing.
We walked out of RCEP. It is NOT over. We are being offered a better deal. Let us watch before concluding one way or the other.
Yes, the package is not loans and not grants. But money will reach the needy (at least that is the intention) immediately immediately. When it is time to repay, hopefully, India has recovered / recovering and it is time for general elections. Write off part of all loans…..two birds with stone…
I completely agree that global supply chain is essential. However, in the press conference of our finance minister day before yesterday, she said global tender will be disallowed upto 200 cores. How will this help India’s ease with global trade?
The Finance Minister, Nirmala Sitharaman, said global tenders will be banned for government procurement up to Rs 200 crore to encourage business for MSMEs so that they could compete and supply for government tenders. This, she said, would help in making industries in India self-reliant. And this may be just a temporary measure to tide over the crisis. Self-reliance does not mean self-isolation. As far as trade and being part of global value chains are concerned, it is imperative our MSMEs produce world-class goods. This is also needed to address our concerns on trade deficit where India should be able to export more manufactured goods and import less.
I understand. Thank you for explaining further!
Nayanima,
Democracy dancing.
We walked out of RCEP. It is NOT over. We are being offered a better deal. Let us watch before concluding one way or the other.
Yes, the package is not loans and not grants. But money will reach the needy (at least that is the intention) immediately immediately. When it is time to repay, hopefully, India has recovered / recovering and it is time for general elections. Write off part of all loans…..two birds with stone…
one more point….”The color of the cat is not important, as long as they catch mice” ..Immediate relief is required and that is given
India should join RCEP. Quite possible the next US President will take his country to TPP.