-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,...
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Merchandise exports affected by global slowdown but not export of services
Is it the case that the global economic downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture. A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows...
More »Adopt a green growth strategy to boost the sluggish automobile sector
Among the measures announced by the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 23rd August, 2019 to arrest economic downturn, the following are noteworthy: * Allow Bharat Stage IV (BS-IV) vehicles (which are purchased till 31st March, 2020) to remain operational for the entire period of registration; * Government shall lift the ban on purchase of new vehicles for replacing all old vehicles by its various departments; *...
More »Meanwhile, police wait for word from Govt on what's official secret -Mahender Singh Manral
-The Indian Express The Investigating Officer, Inspector Sunil Kumar, filed the chargesheet in court on April 17, 2015 and since then, police have met senior officials of the Ministry, sent multiple letters with reminders, but they have not received any “concrete response”. New Delhi: In the Supreme Court last week, Attorney General K K Venugopal, making submissions against a plea seeking review of its December 14, 2018 order that dismissed PILs...
More »Centre has asked 10 lakh petrol pump employees for personal details like religion, caste: NDTV
-Scroll.in Dealers claimed that government-run oil firms are threatening to block supplies if the information is not provided. The Ministry of Petroleum and Natural Gas has asked 10 lakh employees at petrol pumps across the country for personal details like their caste, religion and which constituency they are from, NDTV reported on Tuesday. The information is ostensibly meant for a skill development programme, but dealers have threatened legal action, claiming that...
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