There was a discussion on trade matters, market access, regulatory issues and barriers. Both leaders underlined the importance of free and fair trade
The government's annual Economic Survey on Friday strongly defended new farm laws, saying they herald a new era of market freedom which can go a long way in improving lives of small and marginal farmers in India. These legislations were designed "primarily" for the benefit of "small and marginal farmers", which constitute around 85 per cent of the total number of farmers and are the biggest sufferer of the "regressive" APMC-regulated market regime, the survey said. The pre-budget document defended the farm laws in the backdrop of long-running farmers' agitation at various borders of the national capital seeking repeal of these legislations expressing concern that they are pro-corporate and could weaken government regulated mandis, also called Agriculture Produce Marketing Committees (APMCs).
'This novel format of diplomacy -- the informal summit -- will not only facilitate bilateral communication and reduce miscalculations at the very top level of the two governments, but possibly open the space for China and India to speak in one voice on various issues of mutual concern,' note Feng Renjie and Ding Kun Lei
Modi's visit to some developed countries such as the US, Japan, China and Australia were sprinkled with humongous investment figures. But do we have the wherewithal to absorb such big investments?
He will call for 'an end to the politics of resistance and retribution', a senior aide said.
The UN Conference on Trade and Development (UNCTAD) said in a report on Monday that a lower but positive economic growth in India in the post-Covid-19 pandemic period and India's large market will continue to attract market-seeking investments to the country. The World Investment Report 2020 by UNCTAD said that India was the 9th largest recipient of FDI in 2019, with 51 billion dollars of inflows during the year, an increase from the 42 billion dollars of FDI received in 2018, when India ranked 12 among the top 20 host economies in the world.
Pakistan had promised to grant this status, mandatory under global trading rules, to India in December 2012.
Breaching the psychological $44 barrier, the rupee on Monday spurted to 8-month peak of Rs 43.82/84 per dollar buoyed by bunched up weakened dollar supplies from robust foreign fund and trade inflows, amidst a sliding dollar overseas.
The rupee on Wednesday vaulted to seven months closing high of Rs 44.45/46 per dollar, helped by sustained heavy foreign fund inflows in the absence of central bank intervention.
A combination of externalities such as global trade wars and slowing growth, continuing glitches in accessing offsets under the GST regime, which has created a liquidity crunch for smaller exporters, and the growing competitiveness of smaller countries are causing the slowdown.
Spurred by sustained heavy foreign funds inflows, export proceeds and expatriate remittances, the rupee surged by yet another 17 paise to hit a new 38-month closing peak of Rs 45.39/40 per dollar on Friday.
A long term solution to reduce India's Current Account Deficit will be to increase India's share of global merchandise exports, so that we are able use our exports to fund our imports, points out Chidambaran G Iyer, Senior Fellow, Pahle India Foundation.
The rupee breached the key 45.90-dollar barrier and slumped to a nine-week low of Rs 45.9250/9350 per dollar at the close of trade on Tuesday, dragged down by customary month-end dollar demand amidst fears of a slowdown in foreign fund inflows.
India on Thursday bluntly told the US that surveillance of political leaders and others in India by the American intelligence was "unacceptable" to which the US responded by saying that any differences that may exist can be resolved by intelligence communities of the two countries.
While there were no surprises on policy issues from either side, there were far less interruptions and tense moments between Pence, 61, who comes from Indiana and his Democrat challenger Harris, 55, who is from California.
Economic Survey says Services Sector Negotiations at WTO Crucial.
Adani Enterprises recently also inked a pact to buy out Linc Energy's royalty rights from the Carmichael coal project for AUD155 million.
Unlike India, the US is a free-pricing market.
India and the United States are destined to be partners at the world stage due to their shared common values and outlooks on a wide range of issues, the Pentagon has said as US Deputy Secretary of Defence Ashton Carter concluded his highly successful trip to New Delhi.
We will destroy radical Islamic terrorism, Donald Trump declares after meeting Narendra Modi.
'The Chinese made their point repeatedly after August 5. They backed Pakistan more overtly than in the past.' 'Kashmir is not completely off their radar. But in order to keep the atmosphere surrounding the Chennai meeting, they did not discuss Kashmir.'
'... their love was jinxed.' 'His celluloid path to his partner's heart was seldom smooth; it had to contend with greedy relatives and indecisive sweethearts, who were more ready to sacrifice than woo and wed.'
So, how does Pompeo's check list look like? In a broad sense, he is coming here 'to make sure that we have economic openness'; to ensure that 'we have to deliver'; to understand that 'we have to execute' what we promised to do; and, to 'broach some tough topics', points out Ambassador M K Bhadrakumar.
Sushma in her address at the Shanghai Cooperation Organisation Council of Foreign Ministers meeting said that terrorism is an enemy of basic human rights.
Chinese alumina refining and metal smelting technologies have emerged as a match for the best anywhere in the world. In fact, Vedanta and Hindalco have bought technologies from China. Our aluminium makers will be haunted by twin fears of rising imports and low metal prices squeezing margins over a long time.
'China was the elephant in the Oval Office and Trump would have sensed that Modi's foreign policy architecture has become disoriented sans the US' pivot to Asia,' points out Ambassador M K Bhadrakumar.
In remarks titled 'Implement Consensus and Handle Differences Properly to Bring China-India Relations Back on the Right Track' posted on the Chinese embassy website, Sun spoke of disruptions in the bilateral relationship and outlined five steps to clarify 'some fundamental points'.
US Secretary of State Micheal Pompeo and Secretary of Defence James Mattis will travel to New Delhi next month for the 2+2 dialogue.
The global ratings agency, however, cautioned that high debt burden remains a constraint on the country's credit profile.
US trade body says, India's business climate is improving due to economic reforms.
'Considering that an Internet company's market value is largely determined by its direct access to consumers for digital services, and largely served outside a sovereign country's control, it would appear reasonable in trade terms to discuss fees for a seat at the proverbial 'table' of opportunities in the largest open consumer market,' argues Venki Nishtala.
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Privatising public sector companies would have encountered significant opposition from their managers as well as from strong unions.
In addition to the attack helicopters, the contract also includes fire control radars; Hellfire Longbow missiles; stinger Block I-92H missiles; night vision sensors and inertial navigation systems.
Republican presidential candidate Donald Trump is a fraud, a liar and a hypocrite, top Democratic leaders and speakers at the party's national convention said as they lashed out at the billionaire from New York.
The two countries sealed 10 agreements, including the much-publicised transit trade treaty which will end Nepal's total dependency on Indian sea ports for third-country trade.
Pakistan's High Commissioner to India Abdul Basit on Wednesday hoped that Prime Minister Narendra Modi's visit to his country during the next SAARC meet would go beyond SAARC issues.
Reserve Bank of India (RBI) Governor D Subbarao, often criticised for being "behind the curve", took market players and his critics by surprise.
When President Obama lands in New Delhi later this week, this spirit of accommodation must reignite a strategic economic relationship between the two countries.
Congruence on terrorism, current disquiet on immigration, short-term visa would top the wish list.
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