India might cut or abolish wheat import tax: Food Secretary Sanjeev Chopra
Chopra said there is no plan to import wheat from Russia. India in June imposed a limit on the amount of wheat stocks traders can hold, for the first time in 15 years, to bring down prices
Government restricts import of laptops, tablets, PCs except for personal, R&D use
The import of these electronic goods is allowed when they are an 'essential' part of a capital good, the commerce ministry said in a notification
A game of Chinese Checkers that India must play well in a multipolar world
New Delhi should have a strategic approach towards Beijing to become a key pole in a global power axis where the US and China are dominant forces
Rice and wheat export bans are knee- jerk reactions, best avoided
If India turns out to be an unpredictable supplier, then traders both in India and abroad will start hedging their positions on Indian suppliers
NITI index a handy tool to make exports more competitive
At a time when outbound shipments are slowing, the Export Preparedness Index 2022 provides empirical data to fix some of the things that are going wrong
Govt eases norms for exporters to avail benefits under advance authorisation scheme
To make the norms fixation process more efficient, the DGFT said that it has created a user-friendly and searchable database of ad-hoc norms fixed in the previous years.
India, UAE to set up framework to settle transactions in local currencies
The Reserve Bank of India and the Central Bank of UAE have also signed an MoU to link the two countries' fast payment systems – India's UPI and the UAE's Instant Payment Platform.
S&P 500 Ends Down With Banks Mostly Lower, Indexes Post Weekly Gains
Analysts expect S&P 500 earnings to have declined 8.1 percent in the quarter from a year ago, according to Refintiiv data, but the majority of companies tend to beat expectations.
India's trade deficit for June shrinks slightly on larger import fall
The merchandise trade deficit also improved by 7.9 percent at $57.6 billion April-June 2023 as compared to $62.6 billion in April-June 2022, government data revealed.
Worried about Nvidia, Apple and Meta? Nasdaq has your back
To tackle the “over-concentration” of the Nasdaq 100, the index provider is carrying out a “special rebalance” on July 24 to redistribute weights after the run-up in megacap stocks. Although the out-of-cycle move was rare and blindsided some investors, it is a sign that the system is working as intended
Bangladesh, India launch trade transactions in Rupees
This is the first time Bangladesh has done bilateral trade with a foreign country in addition to the US dollar. Bangladesh Bank Governor Abdur Rouf Talukder described the start of trade settlement in rupees as the 'first step in a great journey.'
The days of the rock star research analyst are long gone
Customers want value for money and rolling back transparency reforms will not change that
The Eastern Window: US remains politically aggressive towards China, but ready to soften trade rules
US Treasury Secretary Janet Yellen has assured China that investment restrictions would be limited to security areas and not affect the broader Chinese economy. The US is clearly trying to enhance cooperation in business areas while continuing with its aggressive stance towards China on political and security issues
Equity analysts have only one way to get paid
It’s not by separating their fees from trading commissions
Betting on farm futures is not equivalent to gambling
Futures trade is a place for price discovery and hedging, and commodity exchanges provide a neutral platform for farmers and other stakeholders to hedge their respective price risks. It has a positive impact on the economic interests of farmers, consumers and even the government coffers, yet is banned frequently
Lower goods trade deficit improves current account dramatically in March quarter
The factor that should boost imports and widen the current account deficit is if the much-anticipated boom in capital goods finally takes off
India's March quarter CAD at $1.3 billion, $67 billion for FY23
As a percentage of GDP, the January-March current account deficit is 0.2 percent compared to 2 percent in October-December 2022 and 1.6 percent in January-March 2022
India-US duty truce — How much will it move the bilateral trade needle?
The end of trade disputes will be truly meaningful if it leads to India getting back the GSP status and winning the TAA-nation recognition from the US
India shouldn’t allow EU FTA talks to remain hostage to the carbon border levy
New Delhi should use the forthcoming discussion with the EU to resolve the CBAM problem instead of escalating the issue to WTO
Is BHEL’s turnaround story for real?
BHEL’s turnaround strategies may result in an improvement in the long term, but the current state of financials and business do not support the euphoric rise in its share prices
US should look south, not far east, on trade pacts
Many economies in the Americas already have bilateral free trade agreements with Washington, offering a stronger base for nearshoring, deeper integration and higher standards
Right purposing your portfolio in expensive markets
Markets are showing signs of polarity with bull and bear consensus equally strong. Liquidate expensive stocks and be cautious in chasing growth stocks
India expects exports to China to pick up in 4-5 months: Source
The commerce ministry is carrying out an internal assessment to analyse why exports to China have declined, widening India’s trade deficit with that country.
Chart of the Day | India’s solar module manufacturing costs high despite govt incentives
Modules manufactured in India are 37 percent more expensive than in China
