Piyush Goyal to chair meet to decide fate of 3 PSUs

Commerce and industry minister, Piyush Goyal, will chair a meeting next week to discuss the closure of three state-owned companies: Metals and Minerals Trading Corporation of India (MMTC), State Trading Corporation (STC), and Project & Equipment Corporation of India. These companies were denotified as nominated agencies for imports and exports of goods. A decision on […]

Tur prices have stabilised following the recent government measure of tightening the stock limit on traders and processors. “However, the prices of African tur, which have declined by 5%, could have reduced by another 10% if the imports had been smooth,” said a pulse importer from Maharashtra.

As the primary source of commercial energy in India, coal accounts for half of our energy consumption and remains the dominant fuel for power generation due to its reliability compared to other renewable energy sources, the coal ministry said in a statement.

The Global Trade Research Initiative (GTRI) said this FTA marks a transformative shift in India’s approach to trade, moving its focus from the east to the west, and broadening its scope to include non-trade matters such as environment, labour, gender, digital trade, and data governance.

India is boycotting China’s Belt and Road Initiative summit for the third time, citing concerns over sovereignty issues and the financial viability of Beijing’s projects. The two-day summit is being held amid criticism that the loans for unsustainable projects have led to debt traps for smaller countries. India has been critical of the China-Pakistan Economic […]

The future of China’s Belt and Road Initiative (BRI) looks uncertain as momentum for the project has tapered off in recent years. China’s overall activity in BRI countries is down about 40% from its 2018 peak, and the project faces accusations of being an irresponsible lender. The COVID-19 pandemic has further slowed down the initiative, […]

At a meeting of the committee on market access at the World Trade Organization (WTO), the US said the measure prompts its firms to think twice about doing business in India and it would impact its exports while China and Taiwan sought the purpose of this policy.

In 2022-23, India’s merchandise exports to the UK were valued at USD 11.41 billion and out of this, USD 6 billion worth of goods such as petroleum products, medicines, diamonds, machine parts, airplanes, and wooden furniture entered Britain at zero levy, it said.

The ongoing conflict between Israel and Hamas poses several potential threats to the Indian economy. One major concern is the impact on oil prices, as India relies on imports for 85% of its oil needs. Higher oil prices could lead to increased import costs, fuel/fertilizer subsidies, and a weaker rupee, which would affect the country’s […]

India’s merchandise exports declined by 2.6% in September, reaching $34.5 billion. However, a 15% decrease in imports helped narrow the trade deficit to a five-month low of $19.4 billion. The government revised the export growth in August to 3.88% from an earlier reported contraction of 6.8%. Despite the decline, officials remain optimistic about positive growth […]