The basic building block of the proposed RCEP - the Asean FTA - continues to be one-sided
Merchandise trade deficit remained relatively low at $11 billion after the $10.86-billion deficit in September
The meeting assumes significance at a time when New Delhi has openly backed a bilateral deal with the US - a significant change in its position
The duties are in the range of $97.19 per tonne and $125.21 per tonne
Asserting that "Make in India" has become "Buy from China", Congress leader Rahul Gandhi on Monday hit out at the RCEP and alleged that the proposed free trade deal will flood the country with cheap goods, resulting in millions of job losses and crippling the economy. Gandhi's takedown of the proposed trade agreement came as Prime Minister Narendra Modi was in Bangkok where negotiations for the long-overdue Regional Comprehensive Economic Partnership (RCEP) was heading towards finality. "'Make in India' has become 'Buy from China'. Each year we import Rs. 6,000 worth of goods from China for every Indian! A 100 per cent increase since 2014," the former Congress chief said in a tweet. "RCEP will flood India with cheap goods, resulting in millions of job losses & crippling the Indian economy," Gandhi said. His remarks come two days after Congress president Sonia Gandhi launched a blistering attack on the government's economic policies and said signing the RCEP agreement will deal a ..
Such a move by India could reduce refined palm shipments from top producers Indonesia and Malaysia
Here's a selection of Business Standard opinion pieces for the day
Make sense of all the announcements made by Finance Minister Nirmala Sitharaman for the exports sector
Oil imports declined by 8.9 per cent to $10.88 billion, and non-oil imports fell by 15 per cent to $28.71 billion
Non-oil, non-gold imports contract for 9th straight month in July
The Modi-Trump meeting assumes significance in the wake of the strain that has popped up in the bilateral relationship on a host of trade and economic issues
The import of bulk drugs and drug intermediates from China stood at $2,055.94 million in 2017-18, accounting for 68.68 per cent of their total import
India's flourishing crony capitalism guarantees that, as with Rafale fighters, some favoured tycoon will be licensed to make Tabasco at home