General Trading Chat
- Thread starter timepass
- Start date
- Tags idle thoughts trading talk only
Bro, I said there are many below-the-war-thereshold options we have. Surgical strike won't work as the enemy would be expecting it. We need element of surprise. RAW can use its operatives in Pakistan for inflicting huge cost on Paki swines. Just praying it is not just another white elephant.
Those who are against "escalation" they must know that if we do not respond disproportionately to Pulwama attack then no one in the world will take it seriously. There will be no value of an Indian life. Please understand we Indians are known as proudly coward people (no typo here) world over but there comes a time when even an impotent person has to respond for his respectful and peaceful survival.
So NO Indian should fear or worry about escalation. It is a need of the hour. A necessity. We have to and we must avenge Pulwama.
Those who are against "escalation" they must know that if we do not respond disproportionately to Pulwama attack then no one in the world will take it seriously. There will be no value of an Indian life. Please understand we Indians are known as proudly coward people (no typo here) world over but there comes a time when even an impotent person has to respond for his respectful and peaceful survival.
So NO Indian should fear or worry about escalation. It is a need of the hour. A necessity. We have to and we must avenge Pulwama.
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.
I think it is time to cease all economic activity with Pak even though we have to take a loss .
It was in BJP manifesto of 2014 election ...BJP did tried to start the debate after coming to power but huge uproar and resistance BJP choose to lay low ....I think they should have done it ..it is one of BJP failures this term ...
Another big failure Uniform civil code ...(in their manifesto)
May be they need 400+ before they have the guts to do this ...
Another big failure Uniform civil code ...(in their manifesto)
May be they need 400+ before they have the guts to do this ...
any referendum will go against India presently. There is zero belonging of J&K population towards India. 65% population of youth is between 18-30 these ppl have seen only boiling and killing, the dont see any future for themselves. J&K problem is structural failure of each successive govt policies be it cong or bjp. policies towards j&k cannot change from govt to govt it has to be more or less same and be pursued for long term for any meaning full result.
what will happen at best. govt can take punitive action will kill 100 or more terrorists and destroy couple of launch pads. such reaction is happening for decades but things are not going anywhere. we are not Israel and certainly not US. cant compare apples with oranges. each present and previous govt want peace in j&k as human, financial and eco cost is unbearable. and we have much to lose than Pakistan as they dont have anything to lose as they already are big time looses globally and they . both govt and Oppositions have to come to one policy for j&k irrespective whose govt is in center and follow it for decades than only solution to this mess will come.
today question is not who is righ or wrong,t cong or bjp or anybody else. big question for me can we do the rightest thing for j&k. I hope we are not interested only in territorial J&K but along with people of J&K as they are also indians.
what will happen at best. govt can take punitive action will kill 100 or more terrorists and destroy couple of launch pads. such reaction is happening for decades but things are not going anywhere. we are not Israel and certainly not US. cant compare apples with oranges. each present and previous govt want peace in j&k as human, financial and eco cost is unbearable. and we have much to lose than Pakistan as they dont have anything to lose as they already are big time looses globally and they . both govt and Oppositions have to come to one policy for j&k irrespective whose govt is in center and follow it for decades than only solution to this mess will come.
today question is not who is righ or wrong,t cong or bjp or anybody else. big question for me can we do the rightest thing for j&k. I hope we are not interested only in territorial J&K but along with people of J&K as they are also indians.
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