Page 9 - India Trade
US remains key forex source for India, accounts for 15-17% of goods exports
China remains the main source of India's imports, with the US at a distant fifth place
 "US remains key forex source for India, accounts for 15-17% of goods exports")
India's total exports rise marginally to $27.15 billion in December
Imports surged 7.56 per cent to $42.59 billion, official data showed on Friday
 "India's total exports rise marginally to $27.15 billion in December")
India's current account surplus moderates in Q2 due to merchandise trade
Net services receipts rose both sequentially and year-on-year, primarily on the back of higher net earnings from computer services
 "India's current account surplus moderates in Q2 due to merchandise trade")
Cargo clearance remains a long haul for importers; industry seeks relief
Industry says goods originating from least-developing countries but routed through some other country are not getting the preferential duty benefit
 "Cargo clearance remains a long haul for importers; industry seeks relief")
People globally should have confidence they can do business in India: Goyal
Commerce and Industry Minister Piyush Goyal has said that people from all over the world should have confidence that they can do business in India, buy land and expand their manufacturing
RCEP with China, minus India: Is the trade deal a threat or opportunity?
In this podcast, Business Standard's Subhomoy Bhattacharjee explains what is RCEP, how will it benefit member nations, why did India pull out of RCEP and more
 "RCEP with China, minus India: Is the trade deal a threat or opportunity?")
Exports show signs of improvement, up 22.47% during November 1-7: Official
Showing signs of improvement, the country's exports grew 22.47% year-on-year to 6.75 billion in the first week of November, driven by healthy growth in pharmaceuticals, gems and jewellery sectors
 "Exports show signs of improvement, up 22.47% during November 1-7: Official")
Resume trade between India and Pakistan: Cong MP from Amritsar to PM
Congress MP from Amritsar Gurjit Singh Aujla urged Modi for resumption of trade between India and Pakistan and other central Asian countries and bringing a new trade policy
 "Resume trade between India and Pakistan: Cong MP from Amritsar to PM")
Quality and scale, not subsidies, to push exports to $1 trn: Piyush Goyal
Commerce and Industry Minister Piyush Goyal on Saturday said quality, technology and scale of production would help India take its annual exports to $1 trillion and not government subsidies
 "Quality and scale, not subsidies, to push exports to $1 trn: Piyush Goyal")
India, Australia and Japan to form pact on supply-chain resilience
The arrangement will in the long term act as a counterweight to current and proposed trading arrangements in the Asia-Pacific region, officials said
 "India, Australia and Japan to form pact on supply-chain resilience")
India's international trade a victim as coronavirus grips the world
India's trade with South Asia, Asean, the Gulf nations, China, and North America has reduced.
 "India's international trade a victim as coronavirus grips the world")
India exports only 1% of wheat, pulses and fruits, says parliamentary panel
It called for upgrading agri infrastructure, improving efficiency levels in the supply chain and putting emphasis on value addition.
 "India exports only 1% of wheat, pulses and fruits, says parliamentary panel")
Appointing agency to check govt tenders for procurement compliance: DPIIT
DPIIT will rope in a consulting agency to scrutinise tenders of government procuring entities for compliance with public procurement regulations that aim at promoting 'Made in India' products.
 "Appointing agency to check govt tenders for procurement compliance: DPIIT")
FY21 exports may fall by 10% if there's no second corona wave: FIEO
Apex exporters body warns blanket ban on Chinese goods will hurt Indian industry, pushes for FTAs blanket bans
 "FY21 exports may fall by 10% if there's no second corona wave: FIEO")
How badly may Covid-19 hurt India's trade? Could wipe out $348 mn, says UN
The most affected sectors include precision instruments, machinery, automotive and communication equipment
India saw Rs 6.14 trillion, or 3% of GDP, escape tax net in 2017: Report
The report said a staggering $8.8 trillion value gap was identified in trade between 135 developing countries and 36 advanced economies over the period of 2008-2017.
 "India saw Rs 6.14 trillion, or 3% of GDP, escape tax net in 2017: Report")
India hitting US very hard on trade; will 'talk business' with Modi: Trump
President Trump and First Lady Melania are scheduled to travel to Ahmedabad, Agra, and New Delhi on February 24 and 25
 "India hitting US very hard on trade; will 'talk business' with Modi: Trump")
Why India's present slump is a more serious issue than earlier slowdowns
What is unusual about the current period of slow growth is that it has come without an exogenous driver, unlike all previous periods of slowdown, going back 50 years, writes T N Ninan
Adityanath govt clears Rs 1,600 cr Ballia Link Expressway project
The four-lane expressway will connect UP-Bihar border district with Purvanchal Expressway; It is expected to be 35-40 km long and is likely to cost Rs 40 crore per km
 "Adityanath govt clears Rs 1,600 cr Ballia Link Expressway project")
Trade disputes' fate hangs in balance with top WTO body about to lapse
Dispute settlement mechanism will break down as the 7-member appellate body becomes defunct on Dec 10
 "Trade disputes' fate hangs in balance with top WTO body about to lapse")
