August exports grow at 5-mth low of 2.35%;trade gap at 4-mth high

Growth rate of India’s exports slipped to 5-month low of 2.35 per cent in August at USD 26.95 billion, pushing up the trade deficit to USD 10.83 billion.

Gold imports jumped significantly to USD 2.03 billion last month, from USD 738.7 million a year ago.

Exporters body FIEO attributed the poor performance of exports to slowdown in European markets.

“The situation in EU is still bad. The exporters are waiting for the new foreign trade policy. We are expecting measures to boost exports,” FIEO president Rafeeq Ahmed said.

Trade deficit in August was highest in the last four months. It was USD 10 billion in April when exports had recorded a low growth of 5.26 per cent.

According to the Ministry of Commerce and Industry data, overall imports grew only 2.08 per cent to USD 37.79 billion.

Exports in May and June had registered a growth of 12.4 per cent and 10.22 per cent respectively. In July, export growth slipped further to 7.33 per cent.

For the April-August period – first five months of the current fiscal – exports have grown 7.31 per cent to USD 134.79 billion. Imports, however, have dipped by 2.69 per cent to USD 190.94 billion.

Trade deficit during the five months has reached USD 56.15 billion, lower than USD 70.6 billion in the year-ago period.

Oil imports declined by 14.97 per cent in August to USD 12.83 billion. However, non-oil imports during the month were up by 13.82 per cent to USD 24.95 billion. MORE PTI RR CS SA 09151825

LD TRADE 2 LAST

Due to restrictions on gold imports, gems and jewellery exports dipped by 10.31 per cent to USD 3.23 billion in August. Similarly, overseas shipments of electronic goods declined by 17.67 per cent to USD 547 million.

The other exporting sectors which recorded negative growth in August include tea, coffee, rice, tobacco, spices, oil meals, iron ore and petroleum products.

However, pharmaceuticals, chemicals and engineering exports registered a growth of 7 per cent, 2.66 per cent and 22.2 per cent respectively.

As for imports, sectors which recorded negative growth include fertiliser, coal, petroleum, transport equipment, project goods and silver.

‘Outlander’ Season 1 Recap: Find Out How Jamie And Claire Got Engaged In Episode 6, ‘The Garrison Commander’ [RECAP]

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Outlander Episode 6 recap


Black Jack Randall showed Claire just how vile and disturbing he really is in “Outlander” Season 1 episode 6.
 Starz

China Travel Warning To The Philippines; Manila Ensures Chinese Citizens Safety

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After the Chinese government issued a travel advisory warning its citizens not to travel to the Philippines following the kidnapping of a Chinese teenager, Manila said it is committed to ensuring the safety of Chinese citizens.  The Associated Press reported Beijing issued the travel warning after an 18-year-old youth was taken in the southern Philippines while working at a family-run store.

Australia To Send Troops To Middle East For Possible Use Against ISIS: PM Tony Abbot

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Australian Prime Minister Tony Abbott has announced that his country will be sending troops to the Middle East as part of an international effort to combat Islamic State, or ISIS militants.

Abbot told reports in the Australian city of darwin that the force will include multiple military aircraft, including up to eight super hornets, and special forces soldiers. He added the the decision to deploy the force had been taken following a request from the U.S. in the last 24 hours. A specific timetable for the deployment of the force was not given.

Nigeria Boko Haram Kidnappings Four Months On: Will the Chibok Girls Ever be Found?

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Four months ago Nigerian terror group Boko Haram kidnapped 220 schoolgirls in Chibok, Borno State.

The mass kidnapping caught the attention of the international media, prompting prominent politicians and celebrities to publicly condemn the abduction.

Hundreds of people joined the Twitter campaign #BringBackourGirls to raise awareness of the issue while countries such as the Britain, France and the US joined Nigerian troops in the search. 

Matthew Miller Trial: North Korea Tries Detained American On Unknown Charges

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North Korea put detained American Matthew Miller on trial Sunday, according to reports.

Details of the charges that he faced or of possible punishments were not announced before the trial, according to the Associated Press

EU Seeks Billions Of Euros To Revive Economy, Plans To Spur Growth

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The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, considering options from a pan-European capital market to a huge investment fund.

With Europe’s economy struggling to recover from the worst financial crisis in a generation, EU finance ministers tasked the European Commission, the EU executive, and the European Investment Bank (EIB) to draw up a list of projects that would create growth and decide how to finance them.

Pakistani Opposition Leaders Order Supporters To Resist Government Attempts To Stop Protests

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(Reuters) – Pakistan’s opposition leaders ordered thousands of their supporters on Saturday to resist any government attempt to quash their protests against Prime Minister Nawaz Sharif, deepening a political crisis in the coup-prone nation.

A court in the capital earlier ordered that 100 opposition activists be sent to jail for holding illegal protests and other violations, enraging the protesters who have camped out outside government offices in Islamabad for a month.

Ukrainian Soldiers Filmed Wearing Nazi Symbols Deny Neo-Nazi Links

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Ukrainian volunteer soldiers have been broadcast on German television wearing helmets with Nazi symbols.

The soldiers, reportedly from the Azov battalion, were shown on German public broadcaster ZDF wearing uniforms decorated with Nazi motifs, including swastikas and lightning bolt-like runic symbols of the SS, a World War II Nazi paramilitary organisation.

Ukrainian Soldiers Filmed Wearing SS Insignia Deny Neo-Nazi Links

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Ukrainian volunteer soldiers have been broadcast on German television wearing helmets with Nazi symbols.

The soldiers, reportedly from the Azov battalion, were shown on German public broadcaster ZDF wearing uniforms decorated with Nazi motifs, including swastikas and lightning bolt-like runic symbols of the SS, a World War II Nazi paramilitary organisation.