The Most Troubling China-India Conflict Is Economic
In April, New Delhi tightened its foreign investment laws, a move widely interpreted as aimed at Beijing.
Trade & Economy
EU Challenges China’s Trade Expansion With Landmark Tariff
Europe is stepping up efforts to guard against expansionist Chinese commercial policies, part of a balancing act that echoes U.S. concerns about China’s economic rise while staying within the framework of the World Trade Organization.
India’s forex reserves surge to all-time high of $493.48 billion
The reserves, which are counted as a key strength as the country faces the economic impact of the COVID-19 pandemic, had risen by USD 3 billion to an all-time high of USD 490.044 billion in the previous week.
FDI in India jumps 13% to record $ 49.98 bn in 2019-20
By PTI Foreign direct investment (FDI) in India grew by 13% to a record of
Trade Promotion Council of India urges resumption of exports of masks, gkoves, and PPE
Manufacturers of masks, rubber gloves and personal protective equipment (PPE) coveralls are of the opinion
Crude oil at biggest discount in over a decade
Gulf producers such as Iraq and Saudi Arabia — which together supplied around 40% of India’s oil imports last year — have been offering cargoes at very attractive prices recently
Saudi pips Iraq as top oil supplier to India in April: trade
Saudi Arabia replaced Iraq as the top oil supplier to India in April after a gap of three months as refiners in Asia’s third largest economy were drawn by deep discounts on Saudi crudes, data obtained from sources showed.
COVID-19: Foreign investors rush to exit India; withdraw USD 6.4 billion in March quarter
FPIs had started the quarter on a cautious note on account of brewing geopolitical tension between US and Iran and fast-changing trends in US-China trade situation.
Surge in India’s foreign exchange reserves
The reserves had touched a life-time high of USD 487.23 billion in the week to March 6 after rising by USD 5.69 billion. During 2019-20, the foreign exchange reserves had risen by almost USD 62 billion.
BRICS’ New Development Bank provides $1 billion loan to India to fight corona
The Shanghai-based New Development Bank (NDB) was established by the BRICS (Brazil, Russia, India, China, South Africa) countries in 2014 and is headed by veteran Indian banker K V Kamath