…and other big stories from India and around the world
Trade deficit, the difference between exports and imports, widened to $15.33 billion in April 2019 from $13.72 billion in April 2018.
Palm oil accounts for over 60 per cent of the country's total vegetable oil imports.
The government has a fiscal deficit target of 3.4% of gross domestic product for 2019/20.
The country imported 707,450 tonnes of palm oil in April, down from 778,884 tonnes in the same month a year ago, the Solvent Extractors' Association of India (SEA) said in a statement.
Sakshi Batra does a 3 Point Analysis of the concerns around tariff and trade and explains what it means for India.
The sugar output in the ongoing 2018-19 marketing year (October-September) is pegged at 33 million tonnes, lower than 34.3 million tonnes achieved in the previous year.
According to its president Gurpreet Chatwal, the recovery rate for the 94 cases resolved through IBC by FY2018-19 is 43 per cent, compared with 26.5 per cent through earlier resolution mechanisms.
The reporting requirement of these details in income tax audit form has been kept in abeyance till March 31, 2020 -- meaning that all income tax audit reports need not include details on GST and General Anti-Avoidance Rules (GAAR) till March 2020.
Sakshi Batra chats with Moneycontrol Deputy Executive Editor, Gaurav Choudhary to understand what these number mean for the economy.
Among the 24 invited countries, 22 participated and 17 countries signed a joint declaration issued after the meet.
India has suspended imports of Iranian oil from May because of renewed US sanctions on Iran.
'Hopefully China will do us the honor of continuing to buy our great farm product, the best, but if not your Country will be making up the difference,' he wrote in post addressing US farmers directly.
According to the notice, the last date of bid submission is extended till May 31, 2019 (till 1600 hours). The techno-commercial bid opening shall be carried out from 1700 hours on the same day.
The Reserve Bank of India (RBI) had cut the key short term lending rate (repo) by 25 points each in its last two policy reviews and is slated to announce the next bi-monthly policy on June 6.
The commerce ministry has asked its finance counterpart to issue a notification with regard to further extension of the deadline, the official added.
According to Iran's budget for this year, one third of the government's income - 1,425 trillion rials ($33.9 billion) - should come from oil and gas exports.
Wholesale inflation was 3.62% for the same period a year ago.
Indian state-run trading company MMTC has once again postponed the deadline for offer submissions in an international tender to buy and import yellow corn (maize), this time to May 22, European traders said on Tuesday.
Output is expected to fall as the area under harvest contracts and the average sugar recovery rate declines, and as ethanol becomes an increasingly attractive option for cane mills, the attache said.
In the LAP market, which the analysts have been flagging for potential risks recently, poor sentiment in the property market and the liquidity crunch faced by non-banking financial corporations weakened the performance of LAP.
In the final episode of this seven-part series, Moneycontrol Deputy Executive Editor Gaurav Choudhary examines if the move to deregulate diesel prices has benefitted the masses.
China will impose tariffs on a total of 5,140 US products from June 1, the ministry said in a statement on May 13.
Core CPI for April contracted to 4.6 percent from 5 percent in March.