$15 billion project: Gulf countries to be linked by trains
First phase of the Gulf Railway Project, which is expected to be finalized in 2023, will connect Saudi Arabia, the UAE and Oman
Trade & Economy
India’s trade deficit with China decreases to $48.66 bn
By IAR Desk New Delhi: India’s trade deficit with China fell to US$48.66 billion in 2019-20
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.
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.