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IMPORT DEPENDENCE
Gold imports fall to 25-30 tonnes/month from 70-100 tonnes after duty hike: Govt sourceGold imports into India have dropped sharply. The government's decision to increase import duty is proving effective. Higher gold prices an...- India readies Rs 12,000 crore push for local battery component manufacturingIndia is set to launch a new incentive scheme to boost local manufacturing of advanced cell battery components. This initiative aims to red...
- Gold rush missed: Can India dig its way out of import dependence?India's significant gold imports, exceeding 800 tonnes in 2024 while producing only 2 tonnes, highlight a missed opportunity. Learning from...
- India takes the shine off silver as imports plunge 82% in May after duty hikeMay witnessed a steep decline of over 81% in India's silver imports, a result of the government's recent moves to hike import duties and re...
- Zulu Proverb of the Day: 'Izandla Ziyagezana' - 'One hand washes another'Zulu Proverb of the Day: The Zulu proverb "Izandla Ziyagezana," meaning "One hand washes another," highlights the fundamental human need fo...
- ET Alpha Wealth Summit | Kotak's Nilesh Shah bets on India's electrification story over next decade; flags AI as the wildcardIndia's energy self-sufficiency is a decade-long investment theme, driven by aggressive electrification to reduce import dependence. Expert...
- Hormuz reopening seen unleashing pent-up Gulf grain demandThe region relies heavily on imported food. A rush of grain is expected to reach these nations.
- India's trade deficit narrows slightly to $28.21 billion in May as petroleum exports cushion energy import blowIndia's trade deficit saw a slight reduction in May. A recent US-Iran agreement is bringing welcome relief. This deal is expected to stabil...
- Maruti Suzuki shares jump over 4%. How is the new E100 regulation triggering a surge?Maruti Suzuki shares surged after the government approved legal recognition for 100% ethanol blend fuel (E100). This move, championed by Ni...
- India’s fertiliser subsidy model is broken; direct income support is the only way forward: Ashok GulatiIndia’s fertiliser subsidy regime is facing scrutiny; rising global fertiliser and energy prices and rising fiscal pressures expose its ine...
- Two urea plants with 25.4 LT annual capacity to start production soonIndia is set to boost its urea production with two new plants commencing operations soon. These facilities will add 25.4 lakh tonnes to the...
- Burmese proverb of the day: ‘Even if there be no one to depend upon, one should not depend upon a fool: a fool, indeed, like an…’ - a lesson on trust and wise decision-makingBurmese proverb of the day warns against relying on fools. It states that an incapable person can cause destruction, much like an enemy wit...
- Signed file on 100 per cent ethanol fuel rules: Nitin Gadkari says multiple companies to adopt alternative blendUnion Minister Nitin Gadkari has approved 100 percent ethanol blend fuel. This move aims to significantly reduce India's import dependence ...
- FCNR(B): Revisiting a proven crisis management toolFacing renewed external sector pressures, the RBI has revived a version of the FCNR(B) deposit framework to attract foreign currency inflow...
- SEZ import relief to fast track chip projectsIndia's semiconductor manufacturing sector is set for a major boost. New rules exempt imports for Special Economic Zones from quality check...
- Make in India efforts showing results as import dependence falls in key sectors despite global shocks: Bank of BarodaIndia's manufacturing sector is becoming more self-reliant. Import dependence is falling in electricals, chemicals, and capital goods. This...
- 'Ocean of energy' found in Andaman: What the new gas discovery means? Can it reduce India's import dependence?Andaman oil discovery news: Oil India has confirmed the discovery of natural gas in an exploratory well in the Andaman Sea, marking a signi...
- Govt sets up six sector groups to fast-track ‘Make in India 2.0’ pushIn a bold move towards self-sufficiency, India is ramping up its domestic manufacturing initiatives! Six government-led teams are tasked wi...
- Govt sets up 6 sector-specific groups to identify products to boost manufacturing, cut importsIndia is boosting domestic manufacturing. Six expert groups will identify 100 products to reduce import dependence. This initiative aims to...
- Localisation lens on 500 most-imported items: DPIIT analysing data; move aims to reduce country’s import billThe Indian government is scrutinizing over 500 imported products, including machinery, fertilizers, and electronics, to identify opportunit...
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