Trade
Falling rupee fails to dent India’s widening trade deficit
16 Oct 2018
Exports from the country in September declined 2.15 per cent in dollar terms while imports grew at a much faster rate of 10.45 per cent
Modi urges oil suppliers to review payment terms to ease rupee woes
15 Oct 2018
India, which imports more than 80 per cent of its oil requirements, has been under pressure as crude oil prices have surged by 50 per cent in dollar terms and by 70 per cent in rupee terms in just one year, as the rupee continued to lose value
India hikes import duty on select electronic, telecom equipment to 20%
12 Oct 2018
Besides curbing imports, the duty hike on some electronic items and telecom equipment such as smartwatches, Voice over Internet Protocol equipment, phones, and Ethernet switches will also help boost domestic manufacture of such items
India signs S-400 missile deal with Russia
05 Oct 2018
India also signed an agreement for setting up a space monitoring station near the Russian city of Novosibirsk in Siberia and is looking to ink deal for four warships, additional Mi-17V-5 helicopters and joint production of Ka-226T helicopters besides licensed production of AK 103 assault rifles as also a military logistics deal with Russia
US may torpedo India-Russia S-400 missile deal with its CAATSA
04 Oct 2018
The United States is trying to impose its sanctions law, CAATSA, to thwart an India-Russia deal for S-400 air defence system, worth $8.5 billion
Govt hikes import duty on 19 items to cut CAD, arrest rupee fall
27 Sep 2018
The government brought aviation turbine fuel under the tariff net, imposing a 5 per cent import duty on this sensitive item, a move that could push up air fares, but excluded electronic items from the hike
US hikes tariffs on $200 bn of Chinese goods, Beijing hits back
19 Sep 2018
China raised tariffs on $60 bn of US goods, bringing 5,207 types of US goods, including coffee, honey and industrial chemicals, under the tariff net as US slapped equal amount of duties on some 5,000 Chinese-made goods worth about $200 bn
India, US near deal to remove trade irritants: report
18 Sep 2018
The current negotiations are aimed at removing sources of trade friction, and a trade deal is expected to benefit Indian farmers and US manufacturers of medical devices the most, says the report
India’s April-August merchandise trade deficit hits $80.34 bn
17 Sep 2018
India’s overall exports (merchandise and services combined) grew 20.70 per cent to $221.83 billion in April-August 2018-19 while its overall imports rose 21.01 per cent to an estimated $269.54 billion during the period
Afghan mega trade show opens in Mumbai
12 Sep 2018
India sought trade deal with US, claims trump
11 Sep 2018
India-US trade negotiations, however, are in a stalemate as the US Trade Representative has demanded a commitment from India to make additional purchases worth $10 billion annually for the next three years
No deal on US oil, price will decide
10 Sep 2018
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