-PTI * Oxfam said the combined total wealth of 63 Indian billionaires is higher than the total Union Budget of India for the fiscal year 2018-19 * The report flagged that global inequality is shockingly entrenched and vast and the number of billionaires has doubled in the last decade Davos: India's richest 1 per cent hold more than four-times the wealth held by 953 million people who make up for the bottom 70...
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Trade worries
-Livemint.com If crude oil prices surge on tensions in West Asia, our import bill could soar India’s December trade figures deepen concerns about the health of our economy. Official figures show that merchandise exports dipped 1.8% from a year earlier to $27.36 billion, marking the fifth straight month of decline. A consolation is that imports fell by a larger 8.8%, helping narrow the trade deficit. But the relief could be temporary. If...
More »India's exports fall for fifth straight month in December
-The Hindu Business Line Imports fall 8.83 per cent, trade deficit shrinks to $11.25 billion India's goods exports declined for the fifth straight month in December 2019 by 1.8 per cent (year-on-year) to $ 27.36 bn as key items such as petroleum, engineering goods and gems and jewellery continued to suffer due to low global demand. Imports were down 8.83 per cent in December at $38.61 billion as all major items, including gold,...
More »Unsustainable food & land use can cost us a lot in the future, says new report
-Press release by Food and Land Use Coalition dated 10 January 2020 India can ensure healthy diets for its growing population, improve livelihoods and plug waste by adopting better food and land use practices New Delhi, January 10, 2020 – With a population projected to reach 1.5 billion people by 2030, and climate risks threatening food security, livelihoods, water supply and human health, India needs to urgently shift to sustainable food...
More »Fresh concerns for basmati exporters awaiting Iran dues -Harish Damodaran
-The Indian Express Rice exporters alone are said to be stuck with receivables of Rs 800-900 crore against shipments made till June 2019. A major hit to India from the uncertainty triggered by the assassination of Iran’s most powerful military commander could be to its multi-billion dollar basmati rice export industry. The Islamic republic accounted for $1.56 billion (Rs 10,790.02 crore) out of India’s total $4.71 billion (Rs 32,804.30 crore) worth of...
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