Cabinet approves National Mission on Edible Oils to boost palm oil production
The Rs 11,040 crore, NMEO-OP aims to triple India's palm oil production by 2025-26 and reduce dependence on expensive imports from South East Asia. The Centre will come up with a mechanism to fix and regulate palm oil prices, If the market is volatile, the difference will also be paid by the centre through direct benefit transfer
The Private Market Show | Stories from my angel investing journey
In this episode, Anand Chandrasekaran shares many stories from his angel investing journey and talks about the trends he sees in Angel Investing in the US and India. To know more, tune in to the podcast
Exclusive | Tesla can’t be given company-specific incentives, govt officials say
Senior government officials told Moneycontrol that sectoral incentives for electric vehicles are already available in India and Tesla has been apprised about production-linked incentive schemes in the automotive sector as well. They hinted that import duties on fully built foreign cars are not coming down any time soon.
The Private Market Show | Adding value beyond capital
Abhishek Nag, Director of Business Development at Netflix speaks about the generic biases that prevail in the minds of investors and how they can be overcome. Tune in to listen to Abhishek Nag unfiltered
Explained | Why is India fighting the US, EU at WTO over a global fishing deal? Its implications for her oceans
While it has announced its support for the deal, India is fighting developed nations over the details of the proposal set to affect the lives of millions of fishermen in the country. The government has warned that an unbalanced agreement would bind nations into current fishing arrangements leading to grave consequences for marine exports, further compounded by the fact that fish remains the staple diet for many poor people
Simply Save | 30 years since 1991 reforms | How Nilesh Shah of Kotak Mahindra mutual fund saw markets and mutual fund industry grow
Moneycontrol’s ongoing series of 30 years of Indian economic reforms talks to various market experts and leading individuals to take us through the journey of how India’s business and economics changed. In this podcast, Nilesh Shah shares his stories
Exclusive|Biggest scheme for export insurance remains a non-starter even as govt announces major funds
The Niryat Rin Vikas Yojana was announced in September 2019, and served as the anchor in the government's plan to boost trade in Budget 2020. It is yet to be implemented.
Ties with China — Contradiction in confrontation
Commerce withstands geopolitical tension between New Delhi and Beijing, but India has to ratchet up value-added exports
The Private Market Show | Syndicates are disrupting early-stage startup investing: Arun Tadanki
In this episode of The Private Market Show, Arun shares his views on how syndicates are an innovative way to angel invest. Tune in to the podcast for more insights
Going beyond policy announcements to raise MSMEs' contribution to India’s exports
The ‘Implementation-to-intent’ ratio must be raised through India’s new Foreign Trade Policy 2021-26 slated for release in the next couple of months
UNCTAD report — A reality check on dollar deluge
While acknowledging India as a leading FDI destination, the UN body flags the areas of concern
EAM Jaishankar's upcoming visit to Kenya aims to reaffirm India's commitment to Africa
The Foreign Minister is set to reassert India's focus on Africa's development as an 'equal partner' in this hour of crisis. New Delhi is banking on its assistance of COVID-19 vaccine to African nations and a series of upcoming bilateral exchanges to create support for the India Africa Forum Summit scheduled later this year, and to offset growing Chinese influence in the continent
New products and bilateral outreach behind high agri export growth : Commerce Secretary
Agr exports jumped to $41.25 billion in 2020-21, from $35.16 billion in 2019-20
Key G7 panel recommends new body to monitor global trade in semiconductors, critical supplies
Given the fluctuations in trade, rising demand and growing scarcity of raw material, the proposed Critical Supply Forum will become significant for major users of semiconductors including India.
WTO decides to hold text-based negotiations on India's global vaccine waiver proposal
Developed nations like the EU, Australia and Singapore had initially refused to discuss India's revised proposal. The latest decision open the door for larger, more in-depth text based negotiation between all members. Next meeting on 17 June as India pushes for late-July deadline.
Exclusive | Stage set for bigger India-US clash on Google Tax after new G7 tax plan
Last week, the US deferred by 6 months its move to place the proposed retaliatory tariffs on India, due to New Delhi's insistence on keeping its tax on digital earnings. Further negotiations are now set to become rougher as a global tax proposal by the G7 nations effectively aims to block national level digital taxes.
Interview | Australia eyes big boost in business with India - senior trade official Catherine Gallagher
Under its 'India Economic Strategy to 2035’s, Australia aims to significantly expand business with India in diverse sectors such as food and grains, core minerals, and high tech equipment, Australia's senior most trade and investment commissioner in New Delhi told Moneycontrol. Raising the country's awareness of major reforms in India and the progress in ease of doing business remains the main focus right now, she said.
NFTs explained: How they work, why they cost millions & how you can buy them
What are non-fungible tokens or NFTs? Simply put, NFTs are digital blockchain tokens that represent ownership of unique items, whether digital or physical. They can be bought and sold, just like normal assets. They are sold or purchased online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos. Karunya Rao explains how NFTs work, what makes NFTs attractive to prominent global personalities and how you can own an NFT.
India's exports rise 67% in May on low base effect, imports surge by 68.5%
The headline numbers jumped high due to a severely low base as trade had crashed during May, 2020 when the COVID-induced lockdown was in full swing. But citing a nearly 8 percent growth after comparing with May, 2019, the government has expressed confidence that exports are well on their way towards recovery.
India's May trade deficit at $6.32 billion: Trade Ministry
Merchandise exports rose to $32.21 billion for the month from $19.24 billion a year earlier, while imports rose to $38.53 billion from $22.86 billion, the data showed.
Interview | Exporters remain flush with global orders as major markets reopen: FIEO DG Ajay Sahai
India's exports are set to go up, supported by a continuous rise in commodity prices and opening of key markets in the United States and United Kingdom. But as profitability shrinks and pending refunds mount, the fortunes of the sector remain tied to how long the current wave of the pandemic continues in India.
Exclusive | Government has not restricted vaccine makers and will not ban commercial exports, say officials
As the debate on allowing vaccine exports in the face of local shortage gains momentum, senior officials across key ministries say companies are free to honour their contractual obligations and sell abroad if they have enough doses
April exports up three times on low base effect; imports soar 163%
The large rise is due to the extremely low volume of trade beginning in March, 2020 when the nationwide lockdown had been first instituted.
Explained | Why is US considering major retaliatory tariffs against India?
A hearing by the USTR on May 11, attended by respondents from Indian industry, gathered feedback on whether additional tariffs of up to 25 percent should be imposed on India’s major exports to the US such as sea food, basmati rice, diamonds and jewellery. The US move was provoked by India's decision to stick to its digital tax for foreign entities.
