In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which rose by USD 3.013 billion to USD 427.949 billion, the data released by the Reserve Bank of India on Friday showed.
India has moved from 130 rank in 2016 to 63 rank in 2019 in ‘Ease of Doing Business Ranking’ and has attracted Foreign Direct Investment of US$286.3 billion between 2014-18.
Photo: Indian Chamber of Commerce
This means a 500,000 barrels a day decrease from world markets from January 2020, in additon to the existing 1.2 million bpd cut arrived in October 2018.
Photo: OPEC
The Passage to Prosperity Trade Show, funded by USAID, is a recent indicator of our surging trade growth. 2018 saw the signing of over $27 million in contracts for agricultural products and over $214 million worth of Memorandums of Understanding between Afghan vendors and Indian buyers.
Kazakhstan is India’s largest trade and investment partner in Central Asia.
The Islamic Republic of Afghanistan is the partner country, while the Republic of Korea is the focus country.
Photo: Agencies
After the UAE, Kashmiri apples are now available Oman, reported the Times of Oman. The
Iran has discovered a new oilfield in the southwest of the country that has the
China joined 14 countries this week in agreeing terms for RCEP, which could become the world’s biggest free trade deal if officially signed next year as planned.