Tag: trade
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Congress dismisses Modi’s Japan visit as exaggerated hype
Prime Minister Narendra Modi set off on a crucial tour that will take him to Japan, Papua New Guinea, and Australia, where he will participate in three significant multilateral summits. However, the Congress party has criticized the enthusiasm surrounding Modi’s participation in the G7 summit, claiming that it is based on exaggerated narratives and aimed…
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India’s trade deficit with China reduces to USD 48.66 bn in FY20
India’s trade deficit with China fell to USD 48.66 billion in 2019-20 on account of a decline in imports from the neighboring country, according to government data. Exports to China in the last financial year stood at USD 16.6 billion, while imports aggregated at USD 65.26 billion, the data showed. The trade deficit between the…
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RBI extends market trading hours from 10 am to 2 pm till further notice
The Reserve Bank of India (RBI) on Thursday announced the extension of amended hours for the market regulated by it. The RBI has amended trading hours from 10 am to 2.00 pm for money market instruments, until further notice. “There is a likelihood of an extension of lockdown in major cities like Mumbai or easing…
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IMF, World Bank urge countries to keep trade open amidst virus pandemic
At a virtual press conference during the just-concluded spring meetings of the two multilateral institutions, IMF Chief Economist Gita Gopinath said that this is not a time to restrict the trade of medical supplies and essential equipment around the world, Xinhua reported. “It is very important that this does not become a future where we…
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Need to have fairer, more equitable terms in trade relations: Piyush Goyal
Union Minister Piyush Goyal on Tuesday said India is working on ways to have fairer and more equitable terms in its trade relationships with various countries.
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US-China trade deal 2nd phase to begin soon: Trump
US President Donald Trump on Tuesday said the second phase of negotiations for the US-China trade deal would begin soon and asserted that the two countries never had a better relationship despite the recent rough patch.
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Trump Signs Monster Deals with China to Pause Trade War
The US and China published an initial trade contract on Wednesday that will move back some taxes and extend Chinese purchases of US goods and services, defusing an 18-month conflict between the world’s two biggest markets.