A trade deficit occurs when a country's imports exceed its exports during a given time period. It is also referred to as a negative balance of trade (BOT). According to the preliminary data released by the Commerce and Industry Ministry, India’s trade deficit widened to a record $23.33 billion in May as imports grew at a faster pace compared to exports amid high commodity prices owing to the Russia-Ukraine conflict. Imports surged 56.14 per cent to $60.62 billion in May on the back of a sharp jump in petroleum products amid rising global crude oil prices. The share of petroleum products in India’s total imports was 30 per cent in May, growing 91.6 per cent year-on-year to $18.1 billion. Gold imports witnessed a 759 per cent jump to $5.8 billion; electronic goods rose 28.5 per cent to $5.44 billion; and coal imports grew by 2.6 times to $5.3 billion in May.
A makes an attempt to steal some jewels by breaking open a box, and finds after so opening the box, that there is no jewel in it.
What does AERA stand for in the context of aviation regulation in India?
When a new plaintiff is added to the suit after an interest has devolved on him in another suit, the suit shall be deemed to be instituted on behalf of...
Under Section 24 of Indian Contract Act which one of the following agreements is void?
Why the Constitution is considered the supreme law of the land in India?
Which type of tort involves false statements that harm a person's reputation?
If parties adopt fast track procedure for arbitration which of the following is skipped-
Which principle in tort law was established in India through cases such as MC Mehta v UOI and the Bhopal gas leakage case?
Which of the following are the functions of the Central Authority as per the Legal Service Authorities Act?
Which of the following options is not correct about right to equality?