Indicating that the India-US limited trade deal is likely to be signed after elections there, Commerce and Industry Minister Piyush Goyal on September 10 said New Delhi has given America "a very good, very balanced offer" for the agreement. The minister said India is ready to sign the deal "tomorrow", but he has left it to the US to decide on the timing. … [Read more...] about India has given very good, balanced offer to US for proposed limited trade deal: Piyush Goyal
Import export trade
The country's imports too declined 26 percent to $29.47 billion in August, leaving a trade deficit of $6.77 billion, compared to a shortfall of $13.86 billion in the same month last year, as per the data. Oil imports declined by 41.62 percent to $6.42 billion in the month under review. … [Read more...] about India’s August exports fall 12.66%, imports contract 26%; trade deficit narrows to $6.77 billion
Sushant Singh Rajput death case: Not asking for Rhea's custody remand, we'll seek judicial custody: NCB official Sushant Singh Rajput death case: Rhea Chakraborty arrested by narcotics bureau FIR lodged by Mumbai Police illegal, will take serious action: Sushant Singh Rajput's family lawyer … [Read more...] about Rhea Chakraborty arrested for drug abuse: What do India’s laws say about the use of ganja and charas?
A: The Make-in-India theme encompasses a wide gamut of initiatives, including import reduction and export promotion. While the initial thrust was to create growth and employment, it started getting traction due to the US-China trade frictions. Multinational companies started looking at alternate sourcing bases for exports. In this phase, while India did get some business, the bulk of the benefit went to countries like Vietnam, Thailand, Indonesia, Malaysia etc. The Government has declared packages for Electronics, Pharmaceutical sectors, and I believe that many sectors like Consumer Durables (AC, Fridges etc), Chemicals, Defence manufacturing etc. will get direct, indirect incentives in addition to tariff & non-tariff barriers. … [Read more...] about DAILY VOICE: Valuations of largecaps & polarization of market into top 10-20 stocks are biggest risks, says Mihir Vora of Max Life