India’s Foreign Trade : February 2019
Merchandise exports grew by 2% and imports declined by 5% in February 2019
|
World Bank Signs Agreement to Provide Additional Funding of USD 137 million to Enhance Dam Safety in India
The World Bank, Government of India and representatives of 5 state governments of India and implementing agencies signed the loan agreement for additional financing of USD 137 million for the Dam Rehabilitation and Improvement Project (DRIP) that will help rehabilitate and modernize over 220 selected large dams in the states of Karnataka, Kerala, Madhya Pradesh, Odisha, Tamil Nadu and Uttarakhand.
This project will help improve safety and operational performance of large and small dams in India leading to sustained rural development. The additional funding of USD 137 million signed will be used for construction of an additional spillway for Hirakud Dam in Odisha state as well as continue to help in rehabilitation and improvement of other dam including strengthening the institutional, legal and technical framework for dam safety assurance within the Government of India and in the participating states. The USD 137 million loan from the International Bank for Reconstruction and Development (IBRD), has a 3-year grace period, and a final maturity of 16 years.
|
Trade in electronic components drives growth in technology goods: UNCTAD
According to new figures released by United Nations Conference on Trade and Development (UNCTAD),demand for electronic components used in Internet-of-Things (IoT) devices drove the value of trade in international imports of information and communications technology (ICT) goods in 2017 to reach around USD 2 trillion.
As per UNCTAD, trade in ICT goods grew slightly faster than merchandise trade and represented 13% of the total in 2017, down from the 16% high during the dot-com boom in 2000 but the highest in two years. By comparison, in 2017 machinery and transport equipment accounted for 37% and food for 8% of merchandise imports.
Among ICT products, trade in electronic components continued to expand with an annual growth rate of 8%, a little less than that of computers and consumer electronics (9%) showing long-term, steady growth.
Figure I: Global imports of ICT goods, USD billion, by product category
Source: PHD Research Bureau, compiled from UNCTAD; Note: Values adjusted for re-imports and re-exports
Top 10 exporters and importers of ICT goods:
China is by far the largest exporter of ICT goods whereas the Republic of Korea boasted the highest growth rate among the top 10 exporters in 2017. Exports also grew significantly for all the other top ten exporters, except the US. Further, the market share of the top 10 exporters was about 86% in 2017.
Meanwhile, the US is the top importer followed closely by China and Hong Kong (China). Also, Mexico was the only economy among the top 10 where ICT goods imports did not grow in 2017.
The share of intra-industry trade remains high in the ICT sector, with interdependence between the big Asian, North American and European players. The top importers also typically feature among the top exporters of ICT goods.
Figure II: Top 10 importers and exporters of ICT goods, USD million, 2017 and annual growth rate
(2016-2017)
Source: PHD Research Bureau, compiled from UNCTAD
Region wise Export and import of ICT goods:
|
Wednesday, March 13, 2019
February 2019 CPI inflation rises to 2.6%
Rural India inflation rises to 1.8% in February as compared to 1.2% in January 2019 and Urban India inflation rises to 3.4% in February 2019 as compared to 2.9% in January 2019
The all India general CPI inflation (Combined) for February 2019 rises to 2.6% from 1.9% in January 2019. The inflation rates for rural and urban areas for February (Prov.) 2019 are 1.8% and 3.4% as compared to 1.2% and 2.9% respectively, for January 2019. Rate of inflation during February (Prov.) 2019 for fuel and light (1.2%), housing (5.1%), transport and communication (3.1%), education (8.1%) and health (8.8%) etc.
Consumer Price Index (combined)
Source: PHD Research Bureau, compiled from MOSPI
Consumer Price Inflation (Combined) (%)
Source: PHD Research Bureau, compiled from CSO
All India annual inflation rates (%)
Source: PHD Research Bureau, compiled from MOSPI Note: CPI (Rural) for Housing is not available
Consumer Price Index for the month of February 2019 for rural, urban and combined stood at 141, 138.6 and 139.9 respectively. In addition to this, Consumer Food Price Indices (CFPI) of February 2019 for rural, urban and combined stands at 135, 135.5 and 135.2 respectively.
Provisional annual inflation rate based on all India CFPI (Combined) for the month of February 2019 stands at (-)0.7% as compared to (-)2.2% in the previous month. The corresponding provisional inflation rates on all India CFPI for rural and urban areas for February 2019 are (-)1.8% and 1.3% respectively as against January 2019 are (-)2.9% and (-)0.9% respectively.
|
Wednesday, March 6, 2019

TRADERS TO BURN HOLI OF CHINESE GOODS ON 19TH MARCH ACROSS COUNTRY

Advanced treatment for tubular breast – boon for many patients
“INDIA DEFENCE Tech Conclave 2019”

100 Spanish to watch Internet fake news

Trump vetoes congress vote

Jacinda: Gun laws to change

Snow,Rains to Last Longer in North, NE.
ARE YOU A FEMINIST?

‘Namami Ganga’ Failed, in Water Q

El Niño Strengthens,
Toyota to spend $750 mil. on US

China hardliner to head World Bank

US-China summit not happen in March

New Zealand, Bangladesh Test match called off

Fighter jets exercise over Amritsar?
Nine Indians enter Swiss Open QF
Australia PM: Terrorists don’t deserve names

Fadnavis orders inquiry into Mumbai bridge collapse

SC seeks EC response on VVPAT slips

US diplomats left Venezuela
France to freeze all assets of Jaish chief

“Turban Traveler – Amarjeet Singh shares

TEEJAN BAI – Biopic of legendary cultural ambassador of Indi
Honey Baisoya extends lead

M6.3 Earthquake – Cochabamba, Bolivia

New Zealand Mosque shooting

World Kidney Day
Boeing temporary suspension of its entire world fleet of 737 MAX aircraf

SC hearing review plea on Rafale case

Astronomers discover 83 supermassive black holes

UNSC : China shielding Masood Azhar

Tom Vadakkan joins BJP

The 20th anniversary of NATO

Why 737 Max 8 aircraft would pitch nose-down so aggressively
/arc-anglerfish-syd-prod-nzme.s3.amazonaws.com/public/I7L3T54URJBKNDINEGSYXJ7J6U.jpg?resize=450%2C450&ssl=1&crop=1)
Survives making jeans a life jacket
US criticizes China’s human rights violations

Talks on Kartarpur Corridor

Amarjeet Singh (Turban Traveller)

Iran: Sistani to arms against Islamic State
Algeria govt ‘ready’ to discuss political change with protesters

Bengal Open Golf Championship 2019
Britain will leave EU on March 29

Denmark to make foreign mosque funding illegal

Ferit Cricket Bash joins hands with Chris Gayle

School shooting in Brazil 9 dead

EAM brief India foreign policy

Germany on security standards on Huawei

World bans Boeing jet 737 Max 8

Macron visit East Africa

US & Taliban talks

EU on digital tax

J&K: Police & security bust terrorist hideout in Kulgam

Foreign Secretary Gokahle meets US under Secretary of State Hale

EC: Assembly polls in J&K be taken soon

India grounds Boeing 737 MAX 8 aircraft

Again British Parliament rejects Brexit deal

Cardinal jailed for child sexual abuse

New Zealand bans Boeing 737 MAX aircrafts

Two dead after Chinese navy plane crashes

Australia, Singapore suspend Boeing 737 MAX

Czech 20 anniversary in NATO

CAIT: E COMMERCE PLAYERS TO SMALL TRADERS

ICT Tech,KPI for city

China at Loggerheads With Norway

Macron warns Chinese on African sovereignty

UAE close airspace to 737 Max 8

Raj Police nab Pak Spy

India test fire Pinaka guided rockets

Rouhani on visit Iraq

Indonesia Grounds Boeing 737 Max

Imran Khan income drops

India at Finland boxing win gold & silver
Schedule of Lok Sabha election 2019 Announced

Need to successfully integrate Muslims

Third India Land and Development Conference 2019

Australia beat India

UN Commission on the Status of Women on social protection

Mohd. Shtayyeh named as Palestinian PM

Ks of Russians protest against internet restrictions

Why Assembly polls not in J&K

N India damp week

Saudi Arabia FM visit

China grounds Boeing 737 MAX 8

M6.2 Earthquake – Fiji region

M6.1 Quake D’Entrecasteaux Islands region

India Votes in 7Phase
A plane crash in Colombia

Tunisia HM resigns

North Korea to hold national legislature election

Mexico night club attack

Pak objects to India’s inclusion in FATF’s Asia-Pacific Gr

Rain hit Victoria

Plane crash kills 12 in Colombia

Analysis of Women Candidates

HM: India carried out 3 cross-border strike

Hungary is a Christian country

Centre, ADB sign 26 million dollar loan

US: Turkey to purchase of the Russian S-400 air defense system,

Far-rights double seats in EU vote

Turkish police fire tear gas at Women’s Day rally

Director Bill Shine resigns
Venezuela struggles with blackout

India:Pak take action against terrorists operating from its soil

Scindia: Congress UP on its own strength:
Today on International Women’s Day

SAIL’S INITIATIVE FOR WOMEN’S HEALTH AND HYGIENE AWARENESS
Happy International Women’s Day

Rashid Khan completes domination

India’s Largest Run, RUN4NIINE held today in Delhi and Gurgaon
