The 2007-08 financial crisis affected the world’s advanced economies in profound ways and the ripple effects continue to today.
The trade deficit and market access question could potentially become a problem between the two countries and start seeping into other better-managed bilateral issues.
India’s Lacklustre Approach Towards International Trade is Hurting its Foreign and Economic Interests
From alarming agricultural imports to losing Africa, India needs to aggressively protect its trade interests and explicitly link it to our foreign and domestic goals.
Food and beverages account for nearly half of the consumer price index basket and are largely dependent on the monsoons, nearly 70% of precipitation.
The announcement by the Securities Exchange Board of India (SEBI) late on Monday did not say what illegal activities the companies may have been engaged in.
Parrikar said in the House that the ban on sale of liquor along the highways was likely to cause a revenue loss of Rs 7 crore to the Goa government.
The best approach to solve the turf war is to have mandatory consultation between the regulators, which can be achieved by revisiting the legal framework.
Worried about the impact of the trade negotiations, a consortium of civil groups called the People’s Resistance Forum has asked for the talks to be called off.
The National Stock Exchange has surged 22% this year, just behind South Korea’s and Hong Kong’s markets making it South Asia’s third-best performing market this year.
Finance Minister Arun Jaitley said that these two reforms combined will “certainly lead to greater compliance, greater digitisation,” adding that “expansion of the tax base of direct and indirect taxes is already visible.”
Many believe that trading with Latin America is expensive and therefore should not be a priority. But statistics tell a different story.
The traders have incurred a loss of over Rs 5000 crore in the last 22 days, while 15 lakh labourers have lost their jobs due to the shutdown.
Investigations by the Income Tax department indicate that the sudden spike in the prices of particular pulses in 2015 was a consequence of the formation of international and Indian cartels of traders. These allegations are denied by the players concerned.
The Goods and Services Tax (GST) on gold has jumped to 3% from 1.2% previously, with traders and buyers saying the move will likely force more transactions into the black market.
Tamil Nadu is the only state to have imposed an additional 30% entertainment tax in addition to the GST for film trade.
India has a paltry water transportation system due to practical and policy difficulties, but trade with Bangladesh may open up avenues.
There are a few kinks to be worked out, but if implemented well, the manufacturing sector could be a GST winner while the telecom sector is likely to be worse off.
India needs to improve connectivity infrastructure and industrial laws to raise its ranking in world trade.
The attack, similar to the ransomware that infected more than 300,000 computers last month, also affected computers at Russia’s biggest oil company, Ukranian banks and multinational firms.
With this year’s joint statement reflecting new interests, here is a comparison of key issues from China and the Asia-Pacific, terrorism and Pakistan, to defense, economy and trade.
The deal comes as Prime Minister Narendra Modi met with US President Donald Trump.
India’s exports are not matched with world import demand. Shifting our exports to those items on which there is global demand requires a more dynamic trade policy.
The public interest litigation seeks the divestment of 32% shares held by public sector insurance companies in the tobacco major ITC.
In an overhaul of the entire tax system, there are bound to be several hurdles to its smooth transition and implementation.
“Free and fair trade has been the greatest liberator of the world’s poor, and today’s announcement shows our commitment to helping developing countries grow their economies and reduce poverty through trade.”
Ruling out any further slippage in the timeline, finance minister Arun Jaitley said Indian small business has been given enough time to prepare.
In 45ºC heat, farmers are walking from market to market to sell their cattle but others are reluctant to buy, knowing it will be difficult to get rid of them later.
Abattoirs and meat sellers in UP, the country’s top buffalo meat exporting state, went on strike in March after a crackdown on unlicensed abattoirs.
Though India seems all set to sign a free-trade agreement with the EU, the details will require time and effort to work out.
The pitch comes close on the heels of China’s OBOR initiative, which aims to connect the Eurasian landmass and Indo-Pacific maritime routes.
Foreign firms are the growth engine for Vietnam’s high-technology exports, which reached 27% as a percentage of its total manufactured exports in 2014.
Europeans want to upend politics as usual and the far right is still rising. If the Left doesn’t come up with an unusual politics of its own, it will be upended as well.
The export of generic pharmaceuticals is one of India’s strengths. But both the government and manufacturers need to do more if they want to continue to stay ahead of China.
Multiple indicices show that the economy may not have recovered fully from the demonetisation move yet, indicated by slow rises in output and employment.
The debate surrounding tax treaty arbitration in India has largely been dominated by the misplaced sovereignty argument.
In a country where a majority of the population is engaged in increasingly unviable agriculture, shouldn’t politicians talk about the trade rules that make it so?
The government has said it will carry out ‘business as usual’ post Brexit, but it remains to be seen whether that will work out.
Concerns remain over the impact of RCEP negotiations on public health and access to medicines.
Rejecting an investment agreement at the WTO is not the best strategy. It would be better to make sure the agreement addresses India’s concerns.
While Indo-US relations will likely remain the same, an indirect in terms of trade, climate change and security should be watched for.