Mega-system disaster on the cards in 2024
2023 will be remembered as a tipping point year when almost all mega-trends of finance, technology, trade, geopolitics, war and climate heating showed signs of acceleration in speed, scale and scope.
2023 will be remembered as a tipping point year when almost all mega-trends of finance, technology, trade, geopolitics, war and climate heating showed signs of acceleration in speed, scale and scope.
For humans to exist as a society there must be harmony among people even when they disagree on most topics.…
This development coincided with a meeting between US President Joe Biden and Prime Minister Narendra Modi in New Delhi
Indian stock indices traded marginally higher Monday morning as various positive fundamentals including a firm GDP outlook, moderate inflation and strong purchases by foreign investors, prompted investors to place bets in the markets.
In another step to release pressures on dwindling foreign exchange reserves, Pakistan has opened up barter trade with Afghanistan, Iran and Russia for certain items including petroleum, LNG, coal, wheat, pulses, minerals, metals, and several food items.
Tensions between India and Pakistan have not allowed the trade between the two countries to achieve its true potential. In fact, it reduced to bare minimum after India abrogated article 370 of the Constitution in Jammu and Kashmir.
India’s trade agreements with Nepal and Bhutan, which include hydroelectric power projects, and its contemplation of Cross-Border Electricity Trade (“CBET”) with Sri Lanka in 2025 are exemplars of transboundary trade in energy. As blocs like Asean and BIMSTEC have proven themselves to be better in their approaches than Saarc, the member countries of Saarc should focus upon persuading other members to establish bilateral and trilateral free-trade agreements among themselves in order to give up on imposing para-tariffs on each other.
According to data released by the Shanghai Municipal Commission of Commerce, the city's export volume totalled 5.74 trillion yuan last year, up 15.2 per cent on a yearly basis, reports Xinhua news agency.
India is on course to become the third largest economy in the world by 2050, and the government hopes UK-India trade will double over the course of this decade.
Gandhi was commenting on India's trade with China as after the Chinese incursion, the Centre had banned Chinese apps as amidst repeated domestic boycotts of Made-in-China, trade volume between India and China hit a record high of $100 billion by November, the Global Times reported citing the latest data from the Chinese General Administration of Customs.