The country's exports are expected to contract by 5.8 per cent and imports by 11.3 per cent during the second half of the current financial year, though implementation of several measures by the government would help support exports going forward, according to the Economic Survey 2021. With gradual recovery of economic activities, the survey said that imports and exports have picked up. During the first half of 2020-21 (April-September), exports dipped by 21.31 per cent to $125.25 billion while imports declined by 40 per cent to $148.69 billion.
The country's exports dipped 8.74 per cent to $23.52 billion in November on account of contraction in shipments of key sectors like petroleum, engineering, chemicals and gems and jewellery, official data showed on Tuesday. Trade deficit during the month narrowed to $9.87 billion as imports too declined by 13.32 per cent to $33.39 billion.
'After Ambedkar, Dr Gail was the only writer who wrote critically on caste issues.'
Gold jewellery exports may decline by about 50 per cent in this financial year from last year after government restrictions reduced the availability of raw material, Gitanjali Gems Chairman and Managing Director Mehul Choksi said.
Glittering pieces made of diamond or gold, embellished with gems were the cynosure of all eyes at the Mumbai Jewellery and Gem Fair fashion show.
E-commerce giant Amazon on Thursday announced a $250 million (about Rs 1,873 crore) fund that will focus on digitising small and medium businesses, and driving innovation in the areas of agri-tech and health-tech in India. "Small and medium sized businesses are often the engine and the lifeblood of economies and I think it's true in India as well. "And we are very passionate about trying to enable acceleration of SMBs in fuelling innovation and the economy in India," Amazon Web Services CEO Andrew Jassy said.
ICAI intends to investigate the chartered accountants of PNB but the bank allegedly refuses to give the information sought.
Many celebrities including cricket icon Sachin Tendulkar and legendary singer Lata Mangeshkar rallied around the central government on social media using hashtags #IndiaTogether and #IndiaAgainstPropaganda following tweets by Rihanna and climate activist Greta Thunberg backing farmers who are protesting near Delhi border.
Choreographer Saroj Khan passed away in the early hours of Friday due to cardiac arrest.
The possibility of the slowdown affecting more players is greater if the industry doesn't get access to easier finance in the next six to eight months.
The spotlight is back on the hawala trade in diamonds.
In India 24-carat gold is used mostly in coins and bars
Despite various challenges, the past year was a good one, says Bruce Cleaver, chief executive officer of the De Beers Group, the global corporation that has been the leading one in all aspects of the diamond trade for over a century.
According to the RTI reply, absconding diamantaire Choksi's company Gitanjali Gems tops the list of the defaulters with a whopping amount of Rs 5,492 crore. This is followed by REI Agro with Rs 4,314 crore and Winsome Diamonds with Rs 4,076 crore. Rotomac Global Private Limited has funded advances of Rs 2,850 crore which have been technically written off and Kudos Chemie Ltd with Rs 2,326 crore, Ruchi Soya Industries Limited, now owned by Ramdev's Patanjali, with Rs 2,212 crore and Zoom Developers Pvt Ltd with Rs 2,012 crore being the other companies to default on the payment. Mallya's Kingfisher Airlines figures in the list at number 9, with outstanding of Rs 1943 crore which have been technically written off by the banks.
Images from the T20 World Cup match between West Indies and Bangladesh, in Sharjah, on Friday.
'Irrespective of the price movement of gold, customers can lock in their purchase at Rs 28,000 per 10 grams of pure gold.'
The rough diamond of 236 carats was found at the jwaneng mine in Botswana and took 21 months to polish.
Soon after Unlock 1, the industry - which is estimated to polish nine of 10 rough diamonds in the world - resumed operations, but a surge in cases at diamond polishing cluster, especially in Katargam and Varachha, forced units to go into a voluntary lockdown, which continued until recently.
India's exports dipped after a gap of four months in March but finished 2017-18 with a healthy rise of 9.78 per cent to $302.84 billion.
India's gems and jewellery exports grew by 16 per cent at $28 billion last fiscal due to revival in demand in major markets as well as recycling of used diamonds, a top industry official said.
'These days you are the main inspiration for a lot of young film-makers. They are mimicking your films.'
Katrina Kaif sported a gown previously worn by a top model.
Last fiscal, diamonds worth about $900 billion were sold globally of which those worth about $20 billion came back to India for recycling.
The main export sectors including engineering, petroleum products and gems and jewellery have recorded negative growth.
From silver screen and small, here are Sukanya Verma's 10 favourite male performances of the year.
'While I was leaving the show, he said, "Urfi, you are being ungrateful".' 'I was like, "Moron, I am going out of the show. What do you want me to be grateful for?"'
'All selectors must be sufficiently thick-skinned and prepared to take criticism.' T C A Srinivasa Raghavan checks out Ravi Shastri's first book.
In a bid to curb harassment of taxpayers, Sitharaman said, a faceless e-assessment scheme was launched in October to eliminate interface between an assessing officer and a taxpayer.
On the occasion of Ram Navmi, five Ram bhajans from Hindi films that you probably haven't heard, but should right away.
'It really doesn't matter that investors getting allotments sell their IPO stock holdings on listing day because a new set of investors are entering.' 'This explains the continued rise in stock prices even after the first day of listing.'
A quick computation puts the following value to the seizures.
Some jewellers kept their shops shut in Mumbai as well.
While the import of gold fell by about 11 per cent to $2.58 billion in February as against $2.89 billion in the corresponding month last fiscal, inward shipments of petroleum products were down by nearly 8 per cent to $9.37 billion.
Meanwhile, retail jewellery sales in India have declined by 50 per cent since gold price started its uptrend nearly two weeks. Buyers deferred their fresh purchase amid expectations of a correction in gold prices from the current high level.
Ajit Mishra answers reader queries on the stock market.
The policy proposes a single-window platform for facilitation of the Indian software product industry, to help fast-track legal and regulatory issues over import and export, as well as setting up and winding up enterprises.
Movie legends Dharmendra and Sharmila Tagore share their memories of Shashikala, who passed into the ages on Sunday with Subhash K Jha.
In the end, it turned out to be a nightmare with dark clouds hovering over the future of this Indian team and no sign of 'VIBGYOR' in the Rainbow Nation.
