-ThePrint.in The dip in forex reserves has been due to the intervention of the central bank to arrest the slide in the rupee. New Delhi: India’s Foreign exchange reserves have fallen by about $2 billion per week for seven weeks now but top government officials said they were monitoring the trend and there is no cause for alarm. Economic affairs secretary Subhash Chandra Garg said funds would be raised through foreign currency non-repatriable...
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Pulses import falls by 1million tonnes in FY18
-The Economic Times NEW DELHI: The agriculture ministry on Wednesday said that farmer-friendly policy measures have helped reduce import of pulses, wheat and edible oils. Import of pulses declined by 10 lakh tonnes from FY17 to 56.5 lakh tonnes in 2017-18, resulting in saving of Foreign exchange amounting to Rs 9,775 crore, the ministry said in a statement. As per the government’s third advance estimate, output of pulses — largely gram, urad and...
More »Facing the slowdown -Kaushik Basu
-The Indian Express India’s economy is not doing well. Only carefully crafted policy reforms can turn it around The Indian government recently lowered its economic growth forecast for 2017-18 to 6.5 per cent, and there is reason to be concerned. That the economy would suffer a slowdown after demonetisation was inevitable, as all professional economists could see. But growth dropping to 5.7 per cent and 6.3 per cent in, respectively, the first...
More »Goa's iron ore reserves may exhaust within ten years, opine expert
-PTI Being a strategic mineral resource, indigenous production can save the much-needed Foreign exchange, in which laterites can play a significant role, like bauxite, which is mined from south Goa. Panaji (Goa): Iron ore reserves in Goa may exhaust in another 10 years and if there are too many companies involved in mining and the pace of excavation is high, the stocks may not even last for five years, an expert said...
More »The rise and fall of the WTO -C Rammanohar Reddy
-The Hindu As the U.S. loses interest in multilateralism in trade, India should actively try to arrest the organisation’s slide Less than 25 years after the World Trade Organisation (WTO) was created, its future as a body overseeing multilateral trade rules is in doubt. The failure of the recent ministerial meeting at Buenos Aires is only symptomatic of a decline in its importance. Too ambitious? When the WTO was born in 1995, replacing the...
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