Daily Archives: September 8, 2018

CAD widens on higher trade deficit

Rises by $0.8 billion in Q1 of 2018-19 The current account deficit (CAD) in the first quarter of 2018-19 increased by $0.8 billion. However, as a proportion of GDP, it declined marginally to 2.4% as compared with 2.5% in the first quarter of 2017-18 as per data released by the …

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Input shortage may hit small, medium-sized rubber units

Flood-hit producers bracing for 25% crop loss The financial health of small and medium players in the Indian rubber industry may suffer a setback due to the impending shortage in natural rubber following floods in Kerala, according to Vikram Makar, senior vice-president, All India Rubber Industries Association (AIRIA). Mr. Makar, …

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Suzuki to test EVs in India

Firm aims to commercially unveil such vehicles by 2020 Japanese auto giant Suzuki Motor Corporation will start testing a fleet of electric vehicles (EVs) in India next month onwards with an aim to commercially introduce such vehicles here by 2020. “We have decided to launch EVs in India around 2020 …

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‘Help India reduce oil bill’

Consider public transport with alternative fuels: Gadkari Minister for Road Transport and Highways Nitin Gadkari on Friday appealed to the industry to invest in public transport propelled by alternative fuel and electricity to help the country reduce its oil import bill. “Our import bill is nearly Rs. 8 lakh crore. …

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NuMetal can bid for Essar Steel: NCLAT

However, rival ArcelorMittal has to clear the dues of 2 firms to be eligible to bid The National Company Law Appellate Tribunal (NCLAT) on Friday ruled as eligible the second bid of Russian VTB Bank-promoted consortium NuMetal for debt-ridden Essar Steel. And, rival bidder ArcelorMittal would have to first clear …

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Pak. caves to pressure over Ahmadi adviser

Removes economist from council Pakistan Premier Imran Khan’s government backed down on Friday over its controversial decision to appoint a member of a persecuted religious minority as an economic adviser, underscoring the pressure it faces from hardline Islamists. Atif Mian, an MIT-educated Pakistani-American economics professor at Princeton University, was recently …

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Leaders fail to agree on Idlib truce

Putin, Rouhani, Erdoğan agree to eliminate IS, Nusra and other terrorist groups in Syria The Presidents of Turkey, Iran and Russia on Friday failed to agree on a ceasefire that would forestall a Syrian government offensive in rebel-held Idlib province which the UN fears could cause a humanitarian catastrophe involving …

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China plays down 2+2 dialogue

India’s inaugural 2+2 ministerial dialogue with the United States on Thursday has “symbolic” significance, but is unlikely to yield a structural change in regional security, says a posting on a People’s Liberation Army (PLA) website. “From a long-term perspective,…it’s unlikely to have any significant impact on the regional security layout …

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Chabahar port hand-over on track

“They have moved as per schedule so far and we hope the handover will happen as agreed,” said an official informed of the matter. The positive observation came a day after Iran’s Transport Minister said here that Tehran would proceed with handing over responsibility of running the port to an …

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