US exports to India up 18.7%, trade deficit down 5.9%; still concerns over tariffs
The Dollar Business Bureau The US exports to India were increased by 18.7% and the trade deficit between the two nations has declined by nearly 6% in 2017 over the previous year, but still the US continue to complain on various issues including high tariffs and market access to several American goods being shipped to India. “The US goods trade deficit with India was $22.9 billion in 2017, a 5.9% decrease ($1.4 billion) over 2016,” according to the National Trade Estimate 2018, an annual report released by the United States Trade Representative (USTR). India is among the few nations with which the trade deficit of the US has dropped in the past one year. However, the US administration under President Donald Trump ...
Indian govt orders import of 12,500 MT pulses
The Dollar Business Bureau The Government of India has ordered an import of 12,500 MT of pulses to create a buffer stock, Ministry of Consumer Affairs, Food & Public Distribution said in a statement on Tuesday. The buffer stock included 10,000 MT of masoor dal (split red lentil) and 2,500 MT urad dal (split black gram). India has already imported 14,321 MT of pulses till now out of the total import quantity of 38,500 MT, through government agencies. As on Monday the Indian government has procured 64,000 MT of rabi pulses. With the earlier procurement of 51,000 MT during the kharif season, the country has procured in total 1,15,000 MT pulses this year, the ministry informed during the review of prices of ...
More pulse imports on govt table to cool prices
The government is watchful of pulses imports as imported pulses are kept idle at ports, said Commerce Minister Nirmala Sitharaman. Source: PTI The Commerce Ministry on Thursday held a meeting with pulse importers to determine the quantity required to be imported in coming months and supplies in global marketsp> The government is examining the need to import more lentils to boost domestic supply even as it keeps a tab on imported pulses lying idle at ports and prices continue to rule at up to Rs.178 per kg. The Commerce Ministry on Thursday held a meeting with pulse importers to determine the quantity required to be imported in coming months and supplies in global markets. The government is watchful of pulses imports as imported pulses ...
