Import Relief

India’s widening current account (CAD) deficit brings relief on the economic growth front, especially since it has been dragged down by import growth. But the increase in imports is accompanied by a global surge in commodity prices, a sure path to inflationary pressures. The CAD stood at $ 8.2 billion …

July 3, 2021 – Croatian Post staff have had their hands full trying to deal with new EU rules on packages sent to the bloc from third countries which went into effect earlier this month . As Poslovni Dnevnik / Darko Bicak writes, the Croatian Post Variety Center (HP) in …

New Delhi: The reduction in import duties on crude and refined palm oil until September 30, a measure aimed at reducing the spike in edible oil prices in the domestic market, is expected to have a limited effect on prices, the companies said. On Tuesday, the government announced several measures …

ISLAMABAD: Pakistan State Bank Governor Dr Reza Baqir said Pakistan was getting positive signs of economic recovery and hoped the country would not revert to the International Monetary Fund (IMF) program for a plan safety. “The Pakistani economy has recovered and we are in growth mode,” SBP Governor Dr Reza …

In West Africa, market supply continued to decline seasonally in May, remaining below average in several countries. Coarse grain prices in Sahelian countries remained stable but above average due to below average supply. Currency depreciation, COVID-19 transaction costs and above-average demand are putting upward pressure on rice prices, especially in …

The Supreme Court on Tuesday issued an opinion in Matrix Cellular Limited’s plea against the Delhi High Court order denying the appeal in its plea calling for the immediate release of its oxygen concentrators seized by Delhi police. The Matrix Cellular oxygen concentrators were seized by Delhi police after observing …

With two-thirds of the world covered in water and the rapid growth of globalization, the shipping industry has become a critical support system for commerce and commerce around the world. According to the report of the United Nations Conference on Trade and Development (UNCTAD), around 80% of world trade by …

The government may be on the right track to increase industry’s share of GDP contribution. He just needs to become more flexible and daring. The economic policies of the Narendra Modi government have been an interesting mix of orthodoxy and heterodoxy over the past seven years. When it comes to …

Venezuelan opposition leaders met with U.S. Senator Rick Scott of Florida on Wednesday to discuss the Venezuelan crisis. Courtesy Venezuelan opposition leaders meeting with officials in the Biden administration this week discussed whether the Latin American nation could get US sanctions relief in return for guarantees of free elections in …

ISLAMABAD: Pakistan secured a trade finance facility worth $ 4.5 billion over three years from the Jeddah-based Islamic Trade Finance Corporation (ITFC) to cover the costs of importing crude , petroleum products and liquefied natural gas (LNG). A formal framework funding agreement on the deal will be signed early next …