Rising Bharat International News Feed: September 27th 2020

  • Relation with Malaysia
  • India opens dumping probe on Malaysia, Vietnam, Thai copper tube, pipe imports

Key Points:

  1. The investigation by India’s Directorate General of Trade Remedies, the investigative arm of the commerce ministry, could result in these imports facing countervailing duties, said a government circular posted on Friday.
  2. The investigation by India’s Directorate General of Trade Remedies, the investigative arm of the commerce ministry, could result in these imports facing countervailing duties, said a government circular posted on Friday.
  3. “The Authority has also received the import data of customs of the subject goods during the past four years which indicate increased imports mainly from Malaysia, Thailand and Vietnam collectively account for more than 90% of total imports of subject goods,” the circular said.
  • Relation with African countries
    • India can be Looked Upon as a Trusted Partner of Africa: Piyush Goyal

Key points:

  1. The minister said that this would help in the establishment of India-Africa value chains in areas such as textiles, pharma, auto, agro processing and information and communication technology. The Minister pointed out that India had already accorded duty-free imports on 98% of India’s tariff lines for goods being imported from Africa as a part of its Duty-Free Tariff Preference Scheme for LDCs. This provided enormous market access for African goods in India.
  2. According to Shri Piyush Goyal, Minister of Commerce & Industry and Railways, Government of India, India could be looked upon as a trusted partner of Africa.
  3. According to the Minister, India and Africa could work together to bring peace and prosperity to the continent. He highlighted the support that was provided by India to African nations during the COVID-19 crisis.
  4. In her address, Hon. Ms Lucia Iipumbu, Minister of Industrialisation and Trade, Republic of Namibia stated that Namibia could act as a gateway to the Southern Africa region thorough its membership of the Sothern African Development Community (SADC), the Southern African Customs Union (SACU) and now through the AfCFTA. She invited Indian Industry to invest in sectors such as pharmaceuticals, agriculture and food processing, healthcare and ICT in Namibia.

(India Education Diary, 27 September, 2020) News Link

(The St Kitts Nevis observer, 27 September, 2020) News Link

  1. Travellers from Dubai, UK contributed maximum to COVID-19 spread in India

Key points:

  1. Much was blame was laid at the doorstep of the Tablighi Jamaat but a study by IIT Mandi has found that travellers from Dubai and the UK were the primary sources of COVID-19 import into India.
  2. The study tracked the diffusion of the coronavirus from the global to national level and identified a few superspreaders who played a central role in the transmission of the disease in India. According to Sarita Azad, an assistant professor at IIT Mandi, COVID-19 spread in phase one (Jan-April), traced by the travel history of patients, was mostly local transmission.

(Asian Edge, 27 September, 2020) News Link

  1. India opens dumping probe on Malaysia, Vietnam, Thai copper tube, pipe imports

Key points:

  1. The investigation by India’s Directorate General of Trade Remedies, the investigative arm of the commerce ministry, could result in these imports facing countervailing duties, said a government circular posted on Friday.
  2. The investigation by India’s Directorate General of Trade Remedies, the investigative arm of the commerce ministry, could result in these imports facing countervailing duties, said a government circular posted on Friday.
  3. “The Authority has also received the import data of customs of the subject goods during the past four years which indicate increased imports mainly from Malaysia, Thailand and Vietnam collectively account for more than 90% of total imports of subject goods,” the circular said.

(The St Kitts Nevis observer, 27 September, 2020) News Link

  1. Travellers from Dubai, UK contributed maximum to COVID-19 spread in India

Key points:

  1. Much was blame was laid at the doorstep of the Tablighi Jamaat but a study by IIT Mandi has found that travellers from Dubai and the UK were the primary sources of COVID-19 import into India.
  2. The study tracked the diffusion of the coronavirus from the global to national level and identified a few superspreaders who played a central role in the transmission of the disease in India. According to Sarita Azad, an assistant professor at IIT Mandi, COVID-19 spread in phase one (Jan-April), traced by the travel history of patients, was mostly local transmission.

(Asian Edge, 27 September, 2020) News Link

  • Relation with US
  1. Air India: US based fund in talks with banks, others to join the bid

Key points:

  1. The Tatas are unsure about making the bid, especially because they have to raise $20 billion to buy out the Mistry family’s 18.37 per cent stake in Tata Sons. Besides, its foreign partners in the airline business have raised concerns about investing via their joint venture, Vistara. But other bidders are planning aggressive bids,” said a banker close to the development. “The government may get a pleasant surprise in Air India’s disinvestment,” the banker said.
  2. Valuation by Interups is almost complete. The fund has started talks with Indian banks and other investors to join the bid and invest in the InvIT.
  3. Several bidders, such as the Hindujas, who had shown an interest in Air India, have backed out due to the Covid-19 pandemic. IndiGo, India’s largest airline, was interested in taking over Air India’s international operations.

(Business Standard, 27 September, 2020) News Link

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