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16 January, 2019 3:45 AM India’s non-oil trade deficit is the lowest since April

It is likely that the protectionist measures taken by the government have led to compression of non-oil imports India’s merchandise trade deficit narrowed to a 10-month low in December 2018. One reason, of course, is the lower price of crude oil. But not all the improvement in the deficit is due to crude oil prices. The deficit in the non-oil, non-gold 172

15 January, 2019 2:00 PM Exports up 0.34% in Dec 2018; trade deficit narrows

The trade deficit stood at USD 14.2 billion in December 2017. New Delhi: The country's exports grew marginally by 0.34 percent to USD 27.93 billion in December 2018 on account of negative growth in sectors such as engineering and gems & jewellery, according to a commerce ministry data. Imports, however, dipped by 2.44 percent to USD 41 billion during 164

15 January, 2019 1:03 PM Trade Deficit Narrows To 10-Month Low As Gold Imports Fall

Trade deficit narrowed to $13.08 billion in December, the lowest in 10 months, due to a fall in gold imports, the trade ministry said in a statement on Tuesday. In November, the trade deficit was $16.67 billion. In December, merchandise exports rose 0.34 per cent from a year earlier to $27.93 billion, while imports fell 2.44 per cent to $41.01 billion 141

15 January, 2019 2:35 AM Oil prices edge up on supply cuts, but weakening economic outlook caps gains

Oil prices inched up on Tuesday amid supply cuts by producer club OPEC and Russia, although the darkening economic outlook capped gains. US West Texas Intermediate (WTI) crude futures were at $50.78 per barrel at 0041 GMT, up 27 cents, or 0.5 percent, from their last settlement. "The impact of OPEC+ cuts, Iran sanctions and lower month-on-month growth 109

14 January, 2019 9:00 AM Commerce ministry plans workshops in different states to implement agri-export policy

The commerce ministry is planning a series of workshops in states including Maharashtra, Gujarat and Uttar Pradesh to implement its export policy for agricultural goods with a view to boost overall shipments, an official said. The ministry has suggested states to set up a nodal agency dedicated for the implementation of the agriculture export policy 151

14 January, 2019 6:16 AM Buy Bharat Electronics, says Sumit Bilgaiyan

Bharat Electronics designs, manufactures, supplies, and exports electronic equipment and systems for the defense and civilian markets. It has reported excellent results for Q2FY19. Sales grew by 36.7 percent YoY to Rs 3381.41 crore while EBITDA grew by 44.1Â percent to Rs 854.44 crore and PAT increased by 38.5 percent to Rs571.31 crore as against Rs 412.4 crore 110

14 January, 2019 4:28 AM China's global trade surplus fell in 2018: Customs

China's global trade volume rose last year but its surplus fell again as its imports outpaced its exports, official data released Monday showed amid a bruising trade war with the United States. Total trade reached $ 4.62 trillion, a 12.6 percent rise from 2017, according to customs data. But the trade surplus for the world's second largest economy fell 16.2 percent 172

11 January, 2019 6:50 AM Suresh Prabhu pitches for developing special cycle lanes in cities

Prabhu also said that the ministry has set up a council for promoting manufacturing and exports of bicycles. Commerce and Industry Minister Suresh Prabhu on January 11 pitched for developing special lanes for cyclists in cities, saying use of bicycles has multiple benefits for environment and health. "In city planning, there is a need to focus on cyclists 99

10 January, 2019 5:28 AM Public Enterprises Survey 2017-18: Major highlights of CPSEs performance

Check out the major highlights of the performance of CPSEs. New Delhi: The Public Enterprises Survey 2017-18 on the performance of Central Public Sector Enterprises, was tabled in both the Houses of Parliament last month. The Survey, brought out by the Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises said that there 142

7 January, 2019 12:23 PM GDP first advance estimate: CSO pegs FY19 GDP growth at 7.2%

Central Statistics Office also projected a jump in GVA growth at 7.0 percent from 6.5 percent. India will likely grow at 7.2 percent with exports seeing a minor jump and manufacturing sector also expected to register a buoyant growth. Central Statistics Office also projected a jump in GVA growth at 7.0 percent from 6.5 percent. CSO sees manufacturing 124