Gold imports dip 6.77 per cent during April-December 2019
Imports of the yellow metal stood at USD 24.73 billion in the corresponding period of 2018-19. The decline in gold imports has helped in narrowing the country's trade deficit to USD 118 billion during the period, against USD 148.23 billion a year ago. India is the largest importer of gold, which mainly caters to the demand of the jewellery industry.
ET Online Poll: Fix the fisc, bridge trust deficit or go for $5 trillion? Difficult Budget choices await Nirmala Sitharaman
How much manouevr...
ET Online survey: Is 5% growth the new normal for India? A lot hinges on this Budget
India has not seen a low GDP score since the 3.1% in FY0...
Off-Budget policy changes hold key
The Budget should use the FY12 numbers as a mirror to itself while presenting the deficit.
Trade deficit checks: Curbs on duty-free cigarettes, liquor proposed
While the government doesn’t maintain data on imports coming through the duty-free channel, liquor, cigarettes, chocolates and perfumes are the biggest purchases at Indian airport stores. “While there is no trafficking of these products at present, controls on duty free goods will lead to smuggling,” said an expert on condition of anonymity.
Sugar buyers nervous as Indian export surge fails to materialise
Global buyers have been targetting Indian supplies to help meet a global sugar deficit.
Pakistan says trade with India plunges significantly
The State Bank of Pakistan data in the first half of 2019-20 fiscal starting from July 1 showed that Pakistan's exports to India during the period came in at an insignificant USD 16.8 million as compared to USD 213 million in first half of 2018-19, Dawn news reported.
India's exports decline for fifth straight month in December, trade deficit narrows
Merchandise exports fell to $27.36 billion in December compared with a year earlier, while imports were down 8.83% to $38.61 billion, the data showed. India's trade deficit stood at $14.49 billion in December 2018, the statement said.
Government pushes for zaid crops to mitigate Kharif deficit
The recent focus on zaid crops has paid off well as area under cultivation during this period has been on rise since last few years. As compared to kharif sowing which is being done across 107 million hectare, zaid planting, mostly pulses, is done across less than 2 per cent of that area.
Need to have fairer, more equitable terms in trade relations: Piyush Goyal
Speaking at the World Economic Forum Annual Meeting 2020, the commerce and industry minister also called for greater cooperation among various nations to realise the huge growth prospects in the Indian Ocean region and also for tackling the important issue of climate change.
Budget can be pro-growth and still stick to fiscal discipline, & how!
The Budget should focus on reviving private investment, which has been lying low.
U.S. trade deficit drops to more than three-year low
The trade deficit has narrowed 0.7% through November and is on track to record its first annual decline since 2013. While the shrinking trade bill should provide a boost to gross domestic product in the fourth quarter, falling consumer goods imports also suggest a cooling in domestic demand.
View: What's the biggest likely risk to Modi's $5 trillion GDP goal?
For perspective, it took us nearly a decade to go from about $1 trillion to $3 trillion.
Malaysia to buy more Indian sugar to resolve palm oil spat: Sources
MSM Malaysia Holdings Berhad will buy 130,000 tonnes of raw sugar from India worth 200 million ringgit ($49.20 million) in the first quarter, the company told Reuters. The company bought around 88,000 tonnes of raw sugar from India in 2019.
Want to Budget-proof investment? Go for insurance stocks: Sudip Bandyopadhyay, Inditrade Capital
Govt needs to figure out sources of revenue or allow a higher fiscal deficit.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service