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Several theories explain why India’s new RBI governor took his boldest step yet. Little attention has been paid to the consequences. Last week, Governor Shaktikanta Das made an unexpected tweak to the Reserve Bank of India’s (RBI) traditional management of longer-term liquidity in the banking system: by buying and selling government bonds.

With rise in trade standoff between nations at multilateral forums like the WTO (World Trade Organization), the Indian government intends to focus on government-to-government businesses amid slowdown fears in export.

Chennai: Cotton prices have started rising at a time when the rupee is appreciating. It is a double whammy for textile exporters as it will impact the competitiveness of Indian products in the international market and hit price realisation in rupee terms.

China’s container transport for export purposes slightly contracted for the week ending Friday, according to the Shanghai Shipping Exchange.

Giving relief to exporters, the government has extended IGST (Integrated Goods and Service Tax) and compensation cess exemptions for goods procurement under certain export promotion schemes till March 2020.

To this end, the Embassy of the UAE in Dhaka has drafted a roadmap.

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