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  • India's Wholesale Price Inflation Slows In June

    INDIA, 2017/07/15 India's wholesale price inflation eased additional than expected in June, data from the Ministry of Commerce & Industry showed Friday. Wholesale prices increased 0.9 % year-on-year in June, slower than the 2.17 % rise in May. Inflation was estimate to relieve moderately to 1.39 %. Build up inflation rate in the financial year so far was -0.44 % compared to a build up rate of 3.71 % in the corresponding period of the previous year.
  • Indian economic diplomacy in the Belt and Road era

    CHINA, 2017/07/10 In May 2017, India curtly and publicly declined to attend Chinese President Xi Jinping’s Belt and Road Forum (BRF) in Beijing. India’s snub was both uncharacteristic and controversial, although not unexpected. On 13 May 2017, a day before the BRF plenary, a spokesperson for the Indian Ministry of External Affairs (MEA) provided a formal explanation for India’s absence from the forum. From the statement it seems clear that there is a wide gap between the Belt and Road Initiative (BRI) as it was understood by a lot of participants at the BRF, and as interpreted by India’s MEA and much of India’s policy elite.
  • Triple Challenge For Agriculture: Trade, Food Security And New Technologies

    INDIA, 2017/07/08 One may rightly ask why the three topics of trade, food security and new technology may be ‘challenges’ for agriculture and by extension food and fibre production. How do all three help ensure a food fasten world? World trade deals such as those falling under the remit of the World Trade Organisation (WTO) have long been difficult to negotiate particularly those encompassing agriculture. And the same goes for Regional deals. The United States has pulled out of the newly-agreed Trans-Pacific Partnership (TPP) and wants to re-negotiate the North American Free Trade Agreement (NAFTA). There is as well the similar situation of the United Kingdom wishing to pull out of the world’s major trading block, thinking it can quickly negotiate new trade deals with other nations and world areas.
  • Crimea: Circumventing Trade Sanctions Via Novorossiysk

    ARMENIA, 2017/07/08 Despite trade sanctions, Crimea is maintaining connections to international markets. Crimean traders are performing some logistical gymnastics to skirt sanctions, in particular transiting goods through the Russian port of Novorossiysk. On paper, of course, Crimea is experiencing a severe trade crisis. Official statistics indicate that Crimea’s import volume in 2016 shrank by a full third compared to the 2015 level, a drop of $33.6 million. Exports fell by $31.8 million, a 40-% decline from 2015. The city of Sevastopol, which is not formally part of the Republic of Crimea, reported a 12.6 % fall in its imports and 66.8 % fall in its exports in the same period, with volumes shrinking to $33.4 million and $5.9 million, respectively.
  • Israel and India Relations Warm As Netanyahu, Modi Take Awkward Barefoot Beach Stroll

    INDIA, 2017/07/07 As Indian Prime Minister Narendra Modi wrapped up his three-day visit to Israel, a visit to a beach with his Israeli counterpart Benjamin Netanyahu on Thursday made waves on social media next the two were pictured taking a barefoot stroll in the Mediterranean. His trip, the initial of its kind for an Indian premier, included new economic deals, and time spent with Netanyahu to deepen their relationship. They ended the trip with a visit to Olga Beach in the northern coastal city of Haifa, strolling in the shallow water with a photographer and camera crew on hand.
  • Indian Prime Minister Modi and Israeli Prime Minister Netanyahu

    INDIA, 2017/07/07 What began as a budding relationship between Indian Prime Minister Narendra Modi and Israeli Prime Minister Benjamin Netanyahu has presently blossomed into a full-blown best friendship, complete with strolls on the beach and handwritten notes. Modi, who is the initial Indian prime minister to visit Israel, just spent three days touring the country while tweeting additional than 50 times about how much fun he was having with “my friend, Netanyahu.” The two leaders laughed, hugged, shared a helicopter tour of Israel, appreciated some art and history, and again hugged again. All this culminated in a slow walk on Dor beach in Haifa today. The pair were there to discuss desalination (the process of turning seawater into potable water), but who knows what the two besties really talked about as they hiked up their pants and waded, smiling, into the Mediterranean Sea.
  • Modi d’action: Israel and India

    INDIA, 2017/07/07 Narendra Modi’s three-day visit, the initial by an Indian prime minister, ends today. It has not been a mere historic nod to the quarter-century since the nations established diplomatic relations. It as well signals a broad geopolitical realignment, with India growing additional visible abroad, and Israel broadening its foreign policy from once almost entirely Western alliances towards emerging Asian powers.
  • Does India get the credit it deserves?

    INDIA, 2017/07/02
  • US–India relations in the ‘America First’ era

    INDIA, 2017/07/02
  • Prepare for the long haul in India’s GST roll-out

    INDIA, 2017/07/01 India faces an uphill battle before it will have an efficiently operating Goods and Services Tax (GST). Besides confusion over the applicable rate for certain products part retailers, service sector companies as well face the daunting prospect of having to transaction with not just the Union but as well 29 other national tax administrations, each with its own norms and distinct attitude towards rent seeking. Prime Minister Narendra Modi has reportedly spent hours reviewing the country’s preparedness for the 1 July roll-out of the new uniform tax. But some confusion is bound to remain and will be have to be dealt with as it arises.