There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its Foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...

-The Hindu At the Human Rights Council session in Geneva, Greece urges India to ensure full implementation of freedom of religion and Germany expresses concern about the status of human rights India appreciates the role of human rights defenders, journalists and activists in the democratic system but the activities of these groups and individuals should be in conformity with the law of the land, said Solicitor-General Tushar Mehta at the Human Rights...

-The Telegraph A system without any steering control An essential characteristic of modern capitalism is that the living conditions of millions of people are determined by the whims and caprices of a handful of financial speculators; indeed, that is what ‘leaving things to the market’ really entails. Consider what is happening in India today. There is a massive outflow of finance from the country because of which the rupee is depreciating  vis-à-vis...

-India Today Once the government gives final approval, it will be another three years before farmers can begin commercial cultivation using GM mustard seeds Approval for the environmental release of genetically modified (GM) mustard—Dhara Mustard Hybrid-11 (DMH-11)—across India has not come a day too soon. The GM crops regulator, the Genetic Engineering Appraisal Committee (GEAC), had cleared GM mustard in 2017 but the Indian government raised questions and asked for more studies,...

-Business Standard A relatively slower growth in IT Services exports has made India ever more dependent on capital inflows and workers remittances to fund its trade and the overall current account deficit IT services are India's single biggest export and a key source of Foreign exchange. But there has been a sharp decline in the IT industry’s ability to fund India’s fast-growing merchandise trade deficit and current account deficit. Please click here to...