General Trading Chat
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Typing this from my office. I am still here 
What annoys me the most about the leftist establishments in India is the openly passive aggressive stance FOR everything that happens against the country. Need further proof? Read this - https://thewire.in/security/pulwama-attack-kashmir-crpf-jem
Feels as if I am reading a Pakistani newspaper.
What annoys me the most about the leftist establishments in India is the openly passive aggressive stance FOR everything that happens against the country. Need further proof? Read this - https://thewire.in/security/pulwama-attack-kashmir-crpf-jem
Feels as if I am reading a Pakistani newspaper.
https://timesofindia.indiatimes.com...attack-what-it-means/articleshow/68005560.cms
MFN status to Pakistan revoked after Pulwama attack: What it means
TIMESOFINDIA.COM | Feb 15, 2019, 12.37 PM IST
NEW DELHI: India on Friday withdrew the 'most-favoured nation' or MFN status to Pakistan after a terror attack which took lives of at least 40 CRPF (Central Reserve Police Force) personnel in Jammu and Kashmir. The country is considering punitive actions like significant hike in customs duties, port curbs and ban on goods imported from Pakistan.
This is one of the deadliest terror attacks in Jammu and Kashmir when a suicide bomber rammed a vehicle carrying over 100 kg of explosives into their bus in Pulwama district.
The move to remove MFN status would enable India to increase customs duty on goods coming from the neighbouring nation.
When was it given to Pakistan:
India granted the MFN status to Pakistan way back in in 1996, but the neighbouring country has not yet reciprocated.
In 2012, Pakistan had committed to giving the MFN status to India but retracted later. Instead of MFN, Pakistan said it was working on granting Non-Discriminatory Market Access (NDMA) status to India but that also was not announced.
The MFN status was accorded under WTO's General Agreement on Tariffs and Trade (GATT). Both India and Pakistan are signatories to this; and are members of the World Trade Organisation (WTO), which means they have to treat each other and the other WTO member countries as favoured trading partners in terms of imposing customs duties on goods.
What happens when India removes MFN status:
Removal of this status means India can now enhance customs duties to any level on goods coming from Pakistan, a trade expert said.
Withdrawal of the MFN status would significantly hit Pakistan's exports to India, which stood at $488.5 million (around Rs 3,482.3 crore) in 2017-18.
Last year in November, a senior aide to Pakistan's Prime Minister Imran Khan had said that the country has "no immediate plans" to grant MFN status to India. Pakistan allows only 137 products to be exported from India through the Wagah border land route.
Total India-Pakistan trade has increased marginally to $2.41 billion in 2017-18 as against $2.27 billion in 2016-17. India imported goods worth $488.5 million in 2017-18 and exported goods worth $1.92 billion in that fiscal.
Under MFN pact, a WTO member country is obliged to treat the other trading nation in a non-discriminatory manner, especially with regard to customs duty and other levies.
What India imports and exports:
India mainly exports cotton, dyes, chemicals, plastics, vegetables and iron and steel; while it imports fruits, cement, leather and spices.
The main items which Pakistan exports to India include fresh fruits, cement, petroleum products, bulk minerals and ores and finished leather.
The CCS meet was chaired by Prime Minister Narendra Modi to discuss the security scenario in J&K in the wake of the Pulwama terror attack.
Pros of MFN:
MFN status is helpful for the developing nations. The countries with the status have broader access to a market for trade goods, reduced cost of export items owing to highly reduced tariffs and trade barriers.
It also reduces the bureaucratic hurdles and varied kinds of other tariffs for imports. It then increases demands for the goods and giving a boost to the economy and export sector.
What commerce ministry said:
The commerce ministry would soon notify to the World Trade Organization (WTO) its decision to revoke the MFN status to Pakistan on security grounds, an official said. The ministry would work on a list of goods imported from Pakistan over which India would increase the customs duties.
MFN status to Pakistan revoked after Pulwama attack: What it means
TIMESOFINDIA.COM | Feb 15, 2019, 12.37 PM IST
NEW DELHI: India on Friday withdrew the 'most-favoured nation' or MFN status to Pakistan after a terror attack which took lives of at least 40 CRPF (Central Reserve Police Force) personnel in Jammu and Kashmir. The country is considering punitive actions like significant hike in customs duties, port curbs and ban on goods imported from Pakistan.
This is one of the deadliest terror attacks in Jammu and Kashmir when a suicide bomber rammed a vehicle carrying over 100 kg of explosives into their bus in Pulwama district.
The move to remove MFN status would enable India to increase customs duty on goods coming from the neighbouring nation.
When was it given to Pakistan:
India granted the MFN status to Pakistan way back in in 1996, but the neighbouring country has not yet reciprocated.
In 2012, Pakistan had committed to giving the MFN status to India but retracted later. Instead of MFN, Pakistan said it was working on granting Non-Discriminatory Market Access (NDMA) status to India but that also was not announced.
The MFN status was accorded under WTO's General Agreement on Tariffs and Trade (GATT). Both India and Pakistan are signatories to this; and are members of the World Trade Organisation (WTO), which means they have to treat each other and the other WTO member countries as favoured trading partners in terms of imposing customs duties on goods.
What happens when India removes MFN status:
Removal of this status means India can now enhance customs duties to any level on goods coming from Pakistan, a trade expert said.
Withdrawal of the MFN status would significantly hit Pakistan's exports to India, which stood at $488.5 million (around Rs 3,482.3 crore) in 2017-18.
Last year in November, a senior aide to Pakistan's Prime Minister Imran Khan had said that the country has "no immediate plans" to grant MFN status to India. Pakistan allows only 137 products to be exported from India through the Wagah border land route.
Total India-Pakistan trade has increased marginally to $2.41 billion in 2017-18 as against $2.27 billion in 2016-17. India imported goods worth $488.5 million in 2017-18 and exported goods worth $1.92 billion in that fiscal.
Under MFN pact, a WTO member country is obliged to treat the other trading nation in a non-discriminatory manner, especially with regard to customs duty and other levies.
What India imports and exports:
India mainly exports cotton, dyes, chemicals, plastics, vegetables and iron and steel; while it imports fruits, cement, leather and spices.
The main items which Pakistan exports to India include fresh fruits, cement, petroleum products, bulk minerals and ores and finished leather.
The CCS meet was chaired by Prime Minister Narendra Modi to discuss the security scenario in J&K in the wake of the Pulwama terror attack.
Pros of MFN:
MFN status is helpful for the developing nations. The countries with the status have broader access to a market for trade goods, reduced cost of export items owing to highly reduced tariffs and trade barriers.
It also reduces the bureaucratic hurdles and varied kinds of other tariffs for imports. It then increases demands for the goods and giving a boost to the economy and export sector.
What commerce ministry said:
The commerce ministry would soon notify to the World Trade Organization (WTO) its decision to revoke the MFN status to Pakistan on security grounds, an official said. The ministry would work on a list of goods imported from Pakistan over which India would increase the customs duties.
Typing this from my office. I am still here
What annoys me the most about the leftist establishments in India is the openly passive aggressive stance FOR everything that happens against the country. Need further proof? Read this - https://thewire.in/security/pulwama-attack-kashmir-crpf-jem
Feels as if I am reading a Pakistani newspaper.
What annoys me the most about the leftist establishments in India is the openly passive aggressive stance FOR everything that happens against the country. Need further proof? Read this - https://thewire.in/security/pulwama-attack-kashmir-crpf-jem
Feels as if I am reading a Pakistani newspaper.
they are big hypocrite
actually, it's genuine question which neither India nor Pakistan want to solve. Even 'The Wire' has not mentioned the 'core' issue.
Attacks will only stop when locals are not with them. Question is how did they knew when 78 buses will pass and why it was not kept secret and road secured? No one keeps explosive full car ready at all times, they knew when transport is going to pass the road and how big explosive is needed.
what India failed to do is align local population with rest of India. Not sure why BJP is not removing 370? special status is preventing investment in State, failure to create Job means youngsters are more prone to join terrorists who might lure them with jobs/money/food
Attacks will only stop when locals are not with them. Question is how did they knew when 78 buses will pass and why it was not kept secret and road secured? No one keeps explosive full car ready at all times, they knew when transport is going to pass the road and how big explosive is needed.
what India failed to do is align local population with rest of India. Not sure why BJP is not removing 370? special status is preventing investment in State, failure to create Job means youngsters are more prone to join terrorists who might lure them with jobs/money/food
- Perhaps you are not aware of procedure of passing of a legislature. So it is not possible to remove article 370 is such a situation.
- what jobs you are talking of. When one has a jihadi mindset, one is even unsatisfied with a white collar job. Perhaps you are unaware of the case of a Kashmiri youth, an IAS, who resigned his job to become a jihadi.
BTW, yadi kisi ke ghar mein khana pakane ke liye aag (wood/kerosene/lpg) nahi hai to kya use khana pakane ke liye apne ghar mein aag laga leni chahiye.
- what jobs you are talking of. When one has a jihadi mindset, one is even unsatisfied with a white collar job. Perhaps you are unaware of the case of a Kashmiri youth, an IAS, who resigned his job to become a jihadi.
BTW, yadi kisi ke ghar mein khana pakane ke liye aag (wood/kerosene/lpg) nahi hai to kya use khana pakane ke liye apne ghar mein aag laga leni chahiye.
Economic and diplomatic embargoes but China is there as its big brother.
I won't favour or recommend surgical strikes. It would escalate badly.
Step up shelling across border check posts but do not engage in any air strikes or things like that. Would be an escalation no body wants.
I won't favour or recommend surgical strikes. It would escalate badly.
Step up shelling across border check posts but do not engage in any air strikes or things like that. Would be an escalation no body wants.
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