Trade
India’s June trade deficit hits a 5-year high of $16.61 billion
14 Jul 2018
For the first quarter of the current fiscal (April-June 2018-19) exports from the country stood at $82.47 billion while imports climbed to $127.41 billion, registering a trade deficit of $44.94 billion
Russia, India look for ways to smoothen forex dealings amidst US sanctions
06 Jul 2018
Since all Indo-Russian transactions are denominated in US dollars, Indian banks are reluctant to process them fearing loss of American and European businesses
Canada hits the US with $12-6 bn retaliatory tariffs
30 Jun 2018
The reataliatory measures that target a range of US products from orange juice and ketchup to steel, aluminum, yatchs and consumer goods, will come into effect on Sunday, 1 July
India hikes duties on 28 items imported from US
22 Jun 2018
The higher import duties will raise the prices of some varieties of apples, almonds, chickpeas, lentils, walnuts and artemia, most of which are imported from the United States
Rupee turns volatile on US-China trade war fears
20 Jun 2018
Global currency markets wilted after US President Donald Trump ordered another round of tariffs on Chinese goods, after initially targeting Chinese technology products worth $50 billion, prompting retaliatory action by China
China retaliates as Trump slaps 25% duty on $50 bn worth of goods
16 Jun 2018
With US annual trade deficit of more than $370 billion per annum with China, the US expects the measure to serve as an initial step toward bringing balance to bilateral trade relationship
India’s trade deficit swells to $28.46 billion in April-May
15 Jun 2018
The country’s trade deficit expanded 5.6 per cent on a month-to-month basis from $13.84 billion in April to $14.62 billion in May
India, China plan oil buyers’ block to counter Opec
14 Jun 2018
While the two countries compete in the acquisition of oil assets overseas, India and China have a common interest in keeping oil import prices low, considering its impact on domestic economies
Duty on luxury bike Harley-Davidson upsets India-US trade ties
14 Jun 2018
India and the United States have now agreed to hold comprehensive talks soon to address trade and economic irritants between the two nations, commerce minister Suresh Prabhu has said
India gets its cheapest gas as Gazprom starts shipments
05 Jun 2018
At $7 per mmbtu, Russian gas comes $1.5 per mmBtu cheaper than the liquefied natural gas supplied by RasGas of Qatar, and also $1-1.5 per mmBtu cheaper than the LNG sourced from Australia and the US
Reliance to halt oil imports from Iran from Oct-Nov: report
31 May 2018
While India’s external affairs minister Sushma Swraj has said India does not follow unilateral sanctions imposed by the US on Iran, companies with close links to the US financial system could face penalties if they do not comply
US announces 25% new tariffs on Chinese tech goods
30 May 2018
The US action comes a week after China and the US announced measures to avert a trade war, under which Beijing agreed to "significantly increase" its purchases of American goods and services to reduce China’s $375 billion trade surplus