-MainstreamWeekly.net     Chinese import have thrown a spanner in the wheel of India’s economic progress per se and industrial manufacturing in particular. The Chinese import is so hard hitting on Indian industry that many manufacturers have become traders.     The impact of Chinese goods has been such that India is threatened to become a country of importers and traders with domestic factories either cutting down production or shutting down completely...The country can...

-The Hindu Business Line Despite the lockdown, India’s trade balance in April and May turned positive. This has been achieved by a sharper decline in imports, pointing towards a contraction of demand in the real economy The RBI has released India’s balance of payments data for the fourth quarter (January-March) of 2019-20. It shows that during this quarter, India has managed a small current account surplus which is around 0.1 per cent...

-The Hindu As output and demand slow, India must retain twin focus on the pandemic and economy Output in the eight core industries suffered an overall contraction for a third straight month in May, shrinking 23.4%, as the pandemic-induced lockdown kept large parts of the economy shuttered, the Commerce Ministry’s provisional figures show. Of the eight, all but one posted declines in production compared with a year earlier, with six sectors witnessing...

-IndiaSpend.com Bengaluru: As India deals with growing numbers of COVID-19 cases and the economic ramifications of the resultant lockdowns, the Bharatiya Janata Party-led government has made a slew of announcements and promulgated ordinances to revive the economy, including the agriculture sector. It brought in the Farmers’ Produce Trade and Commerce (Promotion & Facilitation) Ordinance 2020, Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance 2020, and amended the...

-Down to Earth Instead of putting Punjab farmers at the mercy of big corporates and private players, there is a need to strengthen existing infrastructure The Union government announced three agriculture-related ordinances as part of its novel coronavirus disease (COVID-19) relief package — permitting agricultural trade outside the boundaries of market committees, easing regulation and control under the Essential Commodities Act and facilitating contract farming. Out of these, the Farmers’ Produce Trade and...