We have never been lucky with much of anything, I hope we are lucky with this. Oil is one of our largest imports and a major drain on our economy. Should we manage to slash our imports in a sizable manner it will be majorly beneficial.
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I warned everyone here that she is a future ECONOMIC HITMAN being groomed by west/IMF. I hope govt is watching these threads. She has been trained by associates of former colonial era East India Company owners. Judge people by their associations and their rise in position in villanious institutions like IMF.
The gold they have found in south is possibly the gold we have hidden in underground caves and rivers to prevent them from being looted by British and Mughals/Tipu. We stached huge ship tonne amounts of gold in various secret locations. So please don't reveal more of this. Let them be so that we can recover them when we have a nationalist stable govt in Kerala. Untill then, it should all remain hidden. I hope you can notify the govt of the survying company to govt. The west is trying to get an estimate of our gold stashed in south temples.
There is no major geographical incident in that area in past millions of years to create fossils and oil unlike Chhota Nagpur plateau or Deccan.
Maybe after breakup from Gondwana when India was moving towards Eurasian plate and found multiple divergent and convergent zones some fossils were created, if true whole belt from top to bottom will have some fossils, feasible or not remains to be seen.
The headline is very misleading and politically motivated, read the article for more clarity, atleast in this case she said nothing wrong, headline was politically motivated.
Privatize the postal service & allow postal service to run alternative small scale business in same building structure. So its duel purpose, like its in many other countries.
15000 Cr loss annual is not worth it to keep it public owned & operated.
And incorporate a barcode end to end tracking system, to increase accountability in Private sector. So everyone assured. India already has a robust private courier service, so why not this too.
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About to post that
China may have found a way to keep India in the dark over trade deficit
China's policies have been under focus, putting Beijing in a spot over trade surplus.
ET Online|
Updated: Apr 15, 2019, 03.34 PM IST
Recently released data have brought to the fore a whole new angle in the India-China trade tangle. According to a story published in the Mint newspaper, China may have found a perfect way to blunt India's charge regarding the ballooning deficit in bilateral trade.
Trade numbers for 2018 showed India-China trade deficit falling by a significant $10 billion, mainly because of a sizeable increase in exports by India. Trade watchers cheered, Commerce Minister Suresh Prabhu even put out a celebratory tweet on the "whopping, unprecedented reduction" in India's trade deficit with China.
Going by Mint's analysis of these figures, there is probably a big catch, though. It shows that during the same period, there was a sharp rise in Hong Kong's export to India of the same goods that New Delhi buys from Beijing. This has now given rise to serious doubts that China may have begun using Hong Kong to camouflage the real size of its sale to India.
A data deep dive
According to Commerce ministry data, China saw its trade surplus with India go down from $59.3 billion to $57.4 billion in 2018. During the same year, Hong Kong's trade deficit with India — which stood at $3.9 billion in 2017 — turned into a $2.7-billion surplus on the back of rising exports to India. Combined figures showed India's trade deficit with Hong Kong and China expanded to $60.1 billion in 2018 from $55.4 billion the year before.
Data shows India's exports to China for 2018 stood at $16.5 billion — a rise of 30.4 per cent over the previous year. During the same period, India's exports to Hong Kong fell from $15 billion to $13.3 billion. These two figures combined, it made for a $900 million loss for India.
In the analysis, data from calendar year 2018 is being used because complete sectionalised figures for the entire 2018-19 are not yet out. In most cases, full-fiscal data generally follows the same pattern as calendar year data.
Hong Kong is an autonomous territory — a special administrative region — which was transferred to China by Britain in 1997. It continues to be run under the "one-country, two-systems" mechanism.
While calculating trade figures, India should always regard China and Hong Kong as one entity, a government official said.
Deliberate ploy, or coincidence?
The Mint analysis — product by product — explains how this latest phenomenon may be happening. India's imports of mobile phone spare parts from China fell by 34.1 per cent in 2018, while the import of the same product from Hong Kong jumped by a whopping 728 per cent during the same period.
China's export of LAN adaptor cards to India slipped by 32 per cent, but that of Hong Kong shot up by 173 per cent.
One of the most significant figures in the story pertains to digital monolithic integrated circuits. Imports by India of the item from China rose too, but the rise in imports from Hong Kong was eye-watering — 6017 per cent.
Of late, China's skewed policies have been under renewed focus, putting Beijing in a spot over burgeoning surplus with its trade partners. India is a case in point. To cut its massive trade deficit, India for some time has been pressuring China to open IT and pharma, among other sectors, for Indian companies.
Recent years have witnessed India's trade deficit with China rising in an out-of-proportion manner, owing primarily to the shooting import of electronic goods. It has put India's balance of trade under serious pressure.
According to Commerce ministry data, the India-China bilateral trade touched $84.44 billion in 2017, in which India's deficit was $52 billion. In FY18, exports to China had risen 31 per cent to $13.33 billion while imports were up just 24.64 per cent at $76.38 billion, which increased the trade deficit to a whopping $63 billion.
Coming back to the latest curious phenomenon, is it a deliberate ploy or just plain coincidence? The paper's query to China Embassy in Delhi elicited no response. China is perfectly capable of playing such tricks though, the article says quoting an Commerce ministry official.
https://economictimes.indiatimes.co...k-over-trade-deficit/articleshow/68884958.cms
Are we to assume that the GoI & Ministry of Commerce dont keep accurate figures or are they party with the Chinese in concealing this info? @Nilgiri ; @Pundrick ; @LoneWolfSandeep
This is called "Topi Pehnana".
China is doing this with India and the Government is doing the same with people with those numbers.
Everyone likes to market good news, especially in a election season, while ignoring the bigger picture stats & then there are some who deliberately try to brush unsavory news under the carpet.
For China in particular - all rules for industrial sabortage/blockage, calculation and accounting should be combined for China and all its special administrative regions (SAR). And in this regard Hong Kong is not alone, lets not forget Macau.
India's March exports pick up, help contain trade deficit
1 min read . 15 Apr 2019
Aftab Ahmed and Manoj Kumar , Reuters
New Delhi: India's goods exports picked up in March, boosted by the weaker rupee despite a slowdown in global trade growth, helping the country to contain its trade deficit despite a surge in oil imports.
Merchandise exports rose 11.02% to $32.55 billion in March from a year earlier, while imports were up 1.44% to $43.44 billion during the same period, a statement by the trade ministry said on Monday.
Oil imports, the biggest item in the import bill, rose 5.55% to $11.75 billion, driven by a rise in Indian demand and increases in global crude prices.
India meets nearly 80% of its fuel demand through imports.
The ministry does not issue separate data for trade in services. That is issued in about a month's time by the Reserve Bank of India.
However, the ministry did issue estimates for goods and services trade in the year to 31 March, based on the full-year merchandise trade figures and the first 11 months of services trade.
Total exports of goods and services were estimated at $535.45 billion in the financial year, up 7.97% from a year earlier, compared with estimated imports of $631.29 billion, up 8.48%, the statement said.
Prime Minister Narendra Modi in 2015 set a target to double India's exports of goods and services to $900 billion, raising the country's share of global exports to 3.5% from about 2%, by 2020.
Modi, who is seeking a second term in a general election that began last week, has been criticised by industry and opposition parties for not doing enough to boost exports and create jobs in the manufacturing sector.
"The prospects for exports look very challenging going forward," said Ravi Sehgal, chairman of the Engineering Export Promotion Council, who referred to a slowdown in global trade amid trade tensions between the United States and China.
Exporters said the new government should make exports its top priority, as this sector has a huge potential for creating jobs, the most pressing need for the country.
India's March exports pick up, help contain trade deficit
1 min read . 15 Apr 2019
Aftab Ahmed and Manoj Kumar , Reuters
- Merchandise exports rose 11.02% to $32.55 billion in March from a year earlier
- Imports were up 1.44% to $43.44 billion in March from a year earlier
New Delhi: India's goods exports picked up in March, boosted by the weaker rupee despite a slowdown in global trade growth, helping the country to contain its trade deficit despite a surge in oil imports.
Merchandise exports rose 11.02% to $32.55 billion in March from a year earlier, while imports were up 1.44% to $43.44 billion during the same period, a statement by the trade ministry said on Monday.
Oil imports, the biggest item in the import bill, rose 5.55% to $11.75 billion, driven by a rise in Indian demand and increases in global crude prices.
India meets nearly 80% of its fuel demand through imports.
The ministry does not issue separate data for trade in services. That is issued in about a month's time by the Reserve Bank of India.
However, the ministry did issue estimates for goods and services trade in the year to 31 March, based on the full-year merchandise trade figures and the first 11 months of services trade.
Total exports of goods and services were estimated at $535.45 billion in the financial year, up 7.97% from a year earlier, compared with estimated imports of $631.29 billion, up 8.48%, the statement said.
Prime Minister Narendra Modi in 2015 set a target to double India's exports of goods and services to $900 billion, raising the country's share of global exports to 3.5% from about 2%, by 2020.
Modi, who is seeking a second term in a general election that began last week, has been criticised by industry and opposition parties for not doing enough to boost exports and create jobs in the manufacturing sector.
"The prospects for exports look very challenging going forward," said Ravi Sehgal, chairman of the Engineering Export Promotion Council, who referred to a slowdown in global trade amid trade tensions between the United States and China.
Exporters said the new government should make exports its top priority, as this sector has a huge potential for creating jobs, the most pressing need for the country.
India's March exports pick up, help contain trade deficit
There is no question of accuracy of data, but the Chinese authority could have asked their exporters to shift to HK, also the fact is India's trade deficit has definitely decreased in percent terms with both mainland & HK.
Article looks little political to me, as the writer's intention is to counter Commerce minister's celebratory post with exact opposite title, the data presented is very limited and interpretation has been done according to the writer's will e.g. The export to China(mainland) has increased but the writer choose to remain silent, but gives more emphasis on import of selected product and it's rise, while this rise could be just one year thing.
Wait for data of 2 more quarters to properly understand the trend.