Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....
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Don't boycott China, say MSMEs! Input cost will shoot 40% -Nirbhay Kumar
-Business Today MSMEs don't want the government to impose tariffs that will make buying raw materials from China difficult - all other countries sell lot more expensive * Higher tariff on key raw materials from China will raise input cost by 10-40% for MSMEs * Industry bodies want the government to chart out long-term plan for gradual import substitution * Ad-hoc measures like raising tariff and putting trade barriers could end up hurting local...
More »‘Govt sabotaging atmanirbhar plan’ -- farmers criticise masoor duty cut as global prices rise -Samyak Pandey
-ThePrint.in Modi govt reduced the Import Duty on masoor to less than half on 2 June. Farmers and traders allege move is to aid influential trading groups. New Delhi: Farmers and traders are disappointed with the Narendra Modi government over its decision to cut the Import Duty on lentils (masoor dal) to less than half even as the international prices have spiked by over 12 per cent. The agricultural stakeholders criticised the move...
More »Economists’ and Social Scientists’ Statement on Necessary Delinking of NPR and Census 2021
-Networkideas.org We are economists and social scientists who are deeply concerned about the major implications for the Indian statistical system, of the attempt to combine data collection for the 2021 Census of India with that for the proposed National Population Register. The Census of India, which provides a basic household and population listing based on anonymous data, is an essential requirement for the country and provides the statistical basis for all assessments...
More »RCEP deal would hurt dairy sector heavily, says SJM
-The Hindu Business Line Import of cheaper milk and milk products would adversely hit the livelihood of 50 million milk producers India should resist the pressure from Australia and New Zealand to include dairy sector in Regional Comprehensive Economic Partnership (RCEP) pact because import of cheaper milk and milk products would adversely hit the livelihood of 50 million milk producers in the country, Sangh Parivar-affiliated Swadesh Jagran Manch (SJM) said on Wednesday. "This...
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