When it comes to fuel subsidies, will political considerations override sound economic policy yet again?

In the name of the poor

Business Standard

With China steadily expanding its area of influence, the new government at the Centre led by Prime Minister Narendra Modi is pulling out all the stops to strengthen India's relations with its neighbours. Modi's recent visit to Nepal has laid the foundation for deepening the economic relations and is likely to be a prelude to greater strategic cooperation between the two countries.On the trade history between the neighbours, data reveals that while India's commodity exports to Nepal have been growing at a fairly robust pace, rising steadily from $2.17 billion in 2010-11 to $3.6 billion in 2013-14, import growth has been lacklustre. The rise in commodity imports has been virtually negligible over the past few years, rising marginally from $513.4 million in 2010-11 to $526.8 million in 2013-14.India's major exports to Nepal have been mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes, iron and steel, vehicles other than railway or tramway

India and Nepal: A burgeoning friendship

Risks on account of the monsoon may have been mitigated, though not entirely dispelled, says RBI

Ishan Bakshi

Ishan Bakshi

Page 17 - Ishan Bakshi

In the name of the poor

India and Nepal: A burgeoning friendship

RBI policy: A wait & watch approach