imports
- Technology
China’s chip imports drop 23% as US, India ramp up semiconductor manufacturing
Beijing: As the US and India bolster local semiconductor manufacturing, China’s chip imports nosedived 23 per cent in the first quarter of 2023, the media reported on Friday. China imported 108.2 billion…
- Pakistan
Pakistan forex reserves fall to less than a month’s import cover
Islamabad: As Pakistan struggles to secure external financing to pull the country out of the economic crisis, foreign exchange reserves held by the State Bank of Pakistan (SBP) reversed their course, snapping…
- Pakistan
Pakistan’s forex reserves barely enough to provide import cover for 18.5 days
Islamabad: The foreign exchange reserves held by the State Bank of Pakistan (SBP) have plunged to precarious levels as the cash-strapped nation desperately seeks to revive the stalled bailout programme of the…
- India
India’s trade worries grow as exports lose steam, imports surge
New Delhi: A marginal contraction in exports coupled with a continuing surge in the country’s import bill through the month of August has renewed concerns over India’s widening trade deficit and its…
- Middle East
Israel removes barriers on importing electrical appliances
Jerusalem: Israel has removed most requirements for importing household and industrial electrical products. Under the new rules, it is allowed from now on to import electrical products without the need for an…
- World
China ramps up Russian energy imports
Beijing: While many European countries are trying to wean themselves off Russian gas, China is importing an increasing amount of energy from its neighbour. Data from Beijing’s Customs Office on Saturday showed…
- India
Arrest under Customs Act to be only under exceptional cases where value exceeds Rs 50L
New Delhi: The CBIC has issued revised guidelines for Arrest and Bail in relation to offences punishable under the Customs Act, 1962. While the Act does not specify any value limits for exercising…
- World
Nepal extends ban on import of 10 types of goods to save forex
Kathmandu: The Nepali government is extending a complete ban on the import of 10 types of products till the end of August, as the country still struggles against a dwindling foreign exchange…
- World
China’s share in India’s total imports falls to 15.4 pc in 2021-22
New Delhi: The share of Chinese imports in the country’s total inbound shipments has declined to 15.4 per cent in 2021-22 from 16.5 per cent in 2020-21, sources said on Thursday. They…
- India
Bad global affairs can lead to $100 bn in capital outflows from India: RBI report
Over the last eight months, Indian financial markets, particularly equities, have seen significant foreign investment outflows due to higher US interest rates and a surge in global commodity prices caused by the…
- India
India, Australia ink economic cooperation and trade pact to boost ties
New Delhi: India and Australia on Saturday signed an economic cooperation and trade agreement under which Canberra would provide duty free access in its market for over 95 per cent of Indian…
- India
India taking up Russian discounted oil offer will not violate US sanctions on Moscow: White House
Washington: India taking up Russia’s offer of discounted crude oil would not be a violation of American sanctions on Moscow, the White House has said, as it also underlined that countries should…
- World
China’s trade war with US resulted in loss of USD 550 billion: Report
Beijing: Amid an economic slowdown, China’s four-year ‘trade war’ with the US has resulted in a total loss of USD 550 billion in import tariffs, the majority of which are aimed at…
- India
Northeast farmers up in arms against decision to allow US pork imports
Kolkata: Pig farmers across the northeast are up in arms over the Union government’s decision to allow import of US pork, contending it could destroy livelihoods of lakhs of people and deal…
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