Coal Imports In India Drops By 2.7% In August; 15.22 MT In 2021
India experienced a decline in its coal imports to 15.22 million tonnes (MT) from 15.64 MT, which is 2.7% less in August 2021. Besides, the total coal imports this year, non-coking coal was 9.08 MT against 10.33 MT last year. Approximately 6.71% of coal imports have decreased through major and non-major ports. Moreover, the crisis was caused due to the closure of some mines and monsoons, says Coal Minister.
Tags: India, Imports, Coal, Climate crisis
Courtesy: The Economic Times
Exports In India Increases By 45.76% In August, Says Report
The new export-import data released by the commerce ministry on September 14 showed that exports increased by 45.76% from USD 22.83 to 33.28 billion in August. The cumulative figure of exports between April-August 2021 also expanded by 67.33% from the previous year's USD 98.06 billion to USD 164.10 billion. However, imports rose by 51.72% to USD 47.09 billion in August, resulting in a trade deficit of USD 13.81 billion.
Tags: Exports, Imports, Commerce ministry, Trade defecit
Courtesy: Business Standard
Taliban Stops Trade Between India & Afghanistan
The trading relation with India has been stopped by Afghanistan after the capture of Kabul by the Taliban on August 15, where they also seized two important terminals. Dr Ajay Sahai, the director-general of the Federation of Indian Export Organisation asserted that this year the exports were worth $835 million while imports were $510 million. Afghanistan is popular for exporting sugar, tea, and others.
Tags: Imports, Exports, Afghanistan, India
Courtesy: The Logical Indian
Govt Holds Import Of China Made Wi-fi Modules; Delays New Launches
The Centre has retained the consent to import Wi-Fi modules from China continuing from November. Reportedly, the development halted the launches of US-based Dell and HP and China's Xiaomi, Oppo, Vivo, and Lenovo for months. The Wireless Planning and Coordination wing of Communications Ministry has retained the consent indicating PM Modi's nationalist policies as several applications await WPC's assent. According to a source, the move aims to… read-more
Tags: Wi-Fi, Bluetooth, Electronics, Communications, Imports, India-China
Courtesy: Hindustan Times
India's Exports Clock At $30.21 Billion In April; Rises Amid Pandemic
Making huge increase the Indian exports for April month clocked at $30.21 billion surpassing the previous year's tally of $10.17 billion. Experts attributed strong demand and seamless economic activity behind the surge. However, the trade deficit stood at $15.24 billion as imports in the fiscal month increased by 165.99% year-on-year reaching $45.45 billion. Notably, while the exports dropped by 12.3% from March, the inbound shipment surged… read-more
Tags: Imports, Exports, Inbound shipment, India, fiscal deficit, Trade defecit
Courtesy: The Logical Indian
India’s Arms Import Dipped By 33%; Russia Worst Sufferer: SIPRI
The Stockholm International Peace Research Institute has reported a 33% decline in India's import of arms between 2011–15 and 2016–20. It cited India's complex procurement processes and the country's efforts to reduce dependence on imported arms and boost defense manufacturing at home as the reasons. Notably, the report said that Russia was the worst sufferer of the decline followed by the US from where India's arms import dipped by 46%.
Tags: Defense Ministry, Imports, arms trade, Russian Army
Courtesy: The Tribune
Govt Likely Increase Import Duties On Certain Products
As a measure to encourage local production, the Union government has been planning to raise the import duties on goods such as electronics, edible oil, leather and textile products. One of the officials claimed that the hike would be announced in the upcoming budget with prior notification. Reportedly, the government had raised the import taxes of vegetable oil and electronics by 34% and 12.25% respectively.
Tags: Imports, business, India, Budget
Courtesy: The New Indian Express
1,450 Metric Ton of 'Hilsa’ Shipment to Reach West Bengal Ahead of Durga Puja
A consignment of 1,450 metric tonnes Bangladeshi Hilsa fish will reach the West Bengal market before Durga Puja. Reportedly, the biggest since 2012, this shipment will lower the prices of the Bangla Hilsa in the local markets from Rs 1500-1800 per kilogram to Rs 800-1200. Earlier, Bangladesh government had banned Hilsa exports in 2012. BSF has also seized around 2,800 Kg smuggled Bangladeshi Hilsa in the last seven months.
Tags: Bangladeshi Hilsa, West Bengal, Durga Puja, Covid-19, Imports
Courtesy: The Statesman