New Delhi, May 12 (IANS) The global fuel price shock has shattered Pakistan because of the country’s heavy reliance on imported energy and its weak balance-of-payments position, taking its monthly trade deficit ballooned to $4.07 billion in April, according to a new report.The April figures are Pakistan’s highest level since June 2022, further straining the fragile economy, reports Dawn.The massive 43.5 per cent month-on-month jump in the trade gap “was anticipated due to energy supply dis…
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Surat, May 2 (IANS) Micro, small, and medium enterprises (MSMEs) were identified as a key driver of India’s push towards global competitiveness and self-reliance during discussions at the MSME Conclave held as part of the Vibrant Gujarat Regional Conference (VGRC) in Surat. At the programme, experts focused on digital transformation, supply chain integration, and international market access.The session, held at Auro University on the second day of the conference, centred on productivity …
Coimbatore, April 13 (IANS) With the Tamil Nadu Assembly elections fast approaching on April 23, Tirupur’s textile hub — traditionally energised during poll season — is witnessing an unusual slowdown, as demand for election-related merchandise has dropped sharply this year. Manufacturers across Tirupur, long regarded as the backbone of election campaign material production, say evolving political strategies have significantly reduced orders. Parties are now focusing more on digital outreach …
Amaravati, April 1 (IANS) Fulfilling an election promise, the TDP-led coalition government in Andhra Pradesh on Wednesday launched a free electricity scheme for weavers. Chief Minister N. Chandrababu Naidu said the initiative aims to provide financial relief and stability to lakhs of handloom weavers by reducing their electricity charges.Under the scheme, 200 units per month will be provided free of cost for handlooms, and 500 units per month will be provided free for power looms.The sc…
Bhopal, Feb 24 (IANS) Congress leader Rahul Gandhi on Tuesday launched a sharp attack on Prime Minister Narendra Modi, accusing him of “surrendering India’s interests” to the United States under pressure for the trade deal. In his address at the Maha Kisan Sammelan here, Gandhi, citing recent developments, noted that the US Supreme Court had rejected tariffs imposed by the Donald Trump administration and that several countries had walked away from trade deals with the US, yet the Prime Minister …
Gandhinagar, Feb 19 (IANS) Aam Aadmi Party (AAP) MLA, Hemant Khava, on Thursday drove a tractor to the Gujarat Legislative Assembly to protest against the state government’s Budget for 2026–27, alleging that it discriminates against villages and farmers.Khava, who represents Jamjodhpur, reached the Assembly premises on a tractor but was stopped at the gate by police and security personnel and was not allowed to enter with the vehicle.He subsequently walked to the Assembly to attend the proce…
New Delhi, Feb 16 (IANS) Bangladesh’s reciprocal trade agreement, signed with the United States earlier this month and initially hailed a success, has now attracted criticisms over details – especially the “cotton clause” – that has raised uncertainty, especially among the country’s textile industry, according to an analysis in Bangladeshi media.”The real problem for Bangladesh’s $47 billion garment industry lies deep in the technical details of the new trade deal with the US. When Dhaka…
New Delhi, Feb 15 (IANS) Amid Lok Sabha Leader of Opposition (LoP) Rahul Gandhi’s repeated assertions on India begin given a “raw” deal in the India-US trade pact, the Bharatiya Janata Party (BJP) has scaled up it attack, accusing the Congress leader of resorting to lies and hearsay to spread a “manufactured narrative” which was far-fetched from reality. A couple of BJP Parliamentarians, speaking to media, brushed aside Rahul’s charges on the trade deal, having a detrimental effect on India’s bu…
New Delhi, Feb 14 (IANS) Lok Sabha Leader of Opposition Rahul Gandhi on Saturday launched a sharp attack on the Centre over the trade agreement with the United States, alleging that the deal would “destroy” India’s textile industry as well as its cotton farmers.In a video message shared on X, Gandhi claimed that millions of livelihoods are at stake. “India’s textile sector employs 50 million families. Narendra Modi’s US deal has destroyed India’s textile sector. Narendra Modi knows this, the who…
New Delhi, Feb 13 (IANS) Commerce and Industry Minister Piyush Goyal on Friday said that India’s recent free trade agreements (FTAs), particularly the interim trade deal framework with the US, have marked a structural shift in how New Delhi engages with the world on trade issues.Delivering the keynote address at the ‘ET NOW Global Business Summit (GBS) 2026’ here, the minister reiterated that India has fully protected the interests of farmers while negotiating the trade deal with the US.The mi…