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India has safeguarded sensitive sectors, including dairy, cereals, poultry, soymeal, certain fruits and vegetables, balancing export growth with domestic priorities
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Calling Rs 90 per dollar ‘“not a big concern’ may calm markets, but it masks deeper structural flaws in the economy
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The Philippines has lifted restrictions on Basmati rice imports from India, paving the way for higher farm incomes and stronger trade ties. Indian rice exporters will visit Manila next month as both countries expand cooperation in food security and agricultural trade
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Domestic steel players have raised concerns over increasing imports of steel from nations like China
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The tariff is expected to slash steel exports to the US by 85 per cent, creating a massive surplus that will likely flood India which is one of the few major markets without trade restrictions, says industry body
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Despite emphasis on agriculture as growth engine, Finance Minister Sitharaman fails to earmark sufficient funds
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President Anura Kumara Dissanayake lifted the import ban on cars, having last week allowed only trucks, buses and double cabs
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This means proper licence will be required from relevant authorities to import
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China's exports and imports both fell in September from a year earlier, though they contracted at a slower pace
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The downward spiral of the Indian rupee could hit the industry hard, especially production segments where imports are a crucial component.
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Hyderabad: India is heavily reliant on bullion imports to meet its domestic demand. Over the five-year period 2016-2020, imports made up 86 per cent of India’s gold supply, while recycling accounted for 13 per cent and mining accounted for just one per cent. Since the first duty hike in 2012, India has imported some 6,581 […]
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Imports in May rose by 68.54 per cent to USD 38.53 billion, from USD 22.86 billion in May 2020.
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The decline in gold imports has helped in narrowing the country's trade deficit to USD 84.62 billion during the 11-month of the current fiscal, as against USD 151.37 billion a year ago.
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Imports too increased by a marginal 0.7 per cent to USD 72.5 million during the week, the official added.
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The exports during the first week of January last year were at USD 5.34 billion.
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According to AS Mehta, President of IPMA, high cost of raw material coupled with significant increase in fuel cost and other inputs has resulted in a substantial increase in the cost of manufacture of paper and paperboard.
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Crude oil production in November stood at 2.48 million tonnes was lower than 2.61 million tonnes produced in the same month a year back
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The decline in gold and silver imports has helped in narrowing the country's trade deficit, difference between imports and exports, to $42 billion during April-November 2020-21 as against $113.42 billion in the year-ago period.
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China's foreign ministry has demanded Australia take unspecified steps to repair relations.
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Silver imports during April-September 2020 too dipped 63.4 per cent to USD 733.57 million (about Rs 5,543 crore).