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The Indian rupee opened 01 paisa higher at 87.72 due to a rise in the dollar index.After closing at 87.73 in the previous session, the rupee opened at 87.72 against the dollar.read more :-Heavy damage due to waterlogging in Fazilka

Punjab: 20,000 acres of paddy, cotton crops submerged in FazilkaIncessant rains over the past few days have inundated nearly 20,000 acres of standing crops in Fazilka. Farmers have accused the administration of not taking timely action.The worst-affected is the Fazilka sub-division, where official figures confirm damage to paddy and cotton crops on over 11,700 acres of land in at least 20 villages. Farmers blame clogged drains and lack of pre-monsoon cleaning for the flooding."No arrangements have been made. We are on our own," complained Gurmeet Singh, a resident of Sarjana village. "My entire crop has been destroyed and there is no fodder for the cattle," he said.Taking stock of the situation on Tuesday, Deputy Commissioner Amarpreet Kaur Sandhu said pumps have been installed to drain out the water.Sub-divisional officer (drainage) Jagdeep Singh said the floods occurred when rainwater from higher areas entered the lower areas of Fazilka.Farmers of Tahliwala Bodla, Singhpura and Chahal villages, where crops on around 1,500 acres have been affected, blocked the Fazilka-Malaut road and demanded immediate drainage.Sanpaanch Sunil Kumar of Tahliwala Bodla said standing crops on around 1,500 acres have been destroyed.Former cabinet minister Surjit Singh Jiyani, who visited the flood-affected areas, said the administration should have made a concrete plan for drainage of rainwater.read more:- Trump's tariff move is heavy on India and China

India or China, who will move ahead, the debate is useless... Amidst Trump's tariff threats, Global Times tried to woo and also took a jibeBeijing: US President Donald Trump has been aggressive towards India for the past few days. America has threatened to impose tariffs on Indian goods and harm the Indian economy. On one hand, countries like Iran and Russia have openly supported India on this issue, while on the other hand China is behaving in a cunning manner. China's Global Times is calling India's economy weak on one hand and talking about increasing cooperation. Pointing to Trump's tariff, China has emphasized on better relations with India. All this has been said by Beijing just before PM Narendra Modi's visit. Modi is going to China on 31 August.Global Times, which is considered to be the mouthpiece of the Chinese government, has reacted on Wednesday to the debate on India's economy. Global Times says in May 2025, India's net foreign direct investment (FDI) inflows fell 99 percent month-on-month and 98 percent year-on-year. This has sparked new international debate over India's economic prospects and its business environment.India's environment needs to be improvedChen Lijun, a research fellow at the Yunnan Academy of Social Sciences, believes that from the perspective of the general economic development pattern, national economic regeneration and modernization require hard struggle. The reasons behind the lack of foreign investment in India include the country's business environment, policy direction and stage of development.As an emerging major power, India is facing challenges such as outdated technology, limited capital and weak infrastructure in its industrial and economic development. It is difficult to solve this in the short term. These issues, along with investment policies and practices, have caused foreign companies investing in India to face repeated failures.Cooperation between China and IndiaThe Global Times says that Western media have talked about economic competition between China and India in recent years. Such rhetoric has no concrete significance. India and China have a long history of cooperation. There is no confrontation between the two, rather the economies of the two countries complement each other.China attaches great importance to cooperation with India and is one of India's most important trading partners. In today's complex and constantly changing global scenario, there should be no debate on who will replace whom. Instead, it is wise to use each other's strengths, promote practical cooperation and common development.A crucial turning point in relationsThe Global Times says that China-India relations are at a crucial turning point as the two countries are recovering from the lowest point. Facts have proved that the stable development of China-India relations is in line with the common interests of both sides. The two countries should enhance political mutual trust.The two countries should expand the channels of cooperation and jointly write a new chapter of friendly cooperation so as to make greater contributions to peace, stability and development in the two countries as well as the region and the world.read more:- Rupee falls 02 paise to close at 87.73 against dollar

Rupee closed 02 paise lower at 87.73 per dollarAt the close, the Sensex was down 166.26 points or 0.21 per cent at 80,543.99 and the Nifty was down 75.35 points or 0.31 per cent at 24,574.20. About 1292 stocks advanced, 2594 declined and 144 stocks remained unchanged.READ MORE :-   "India: Major cotton supplier to Bangladesh" 

India Remains Key Cotton Supplier to Bangladesh Despite Changing Global Trade DynamicsBangladesh continues to rely significantly on India for cotton and yarn imports, supported by geographical proximity, lower transportation costs, and easy availability of raw materials, according to industry sources.Data from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), based on central bank figures, shows that India accounted for 19.40% of Bangladesh’s raw cotton imports in FY2023–24, worth about US$684 million. During the same period, Bangladesh’s total imports of cotton (carded and combed) stood at US$3.52 billion.Brazil emerged as the second-largest supplier with a 16.11% share (US$568 million), followed by Benin (12.03%), the United States (10.12%), Burkina Faso (8%), Australia (7.8%), Mali (7.01%), and Cameroon (6.94%). Smaller volumes were sourced from China and Pakistan.However, trade patterns may evolve following a recent US policy that offers conditional duty exemptions for Bangladeshi garment exports, provided at least 20% of raw materials—such as cotton—are sourced from the United States. This could encourage a gradual increase in US cotton imports and potentially reshape existing supply chains.BGMEA President Mahmud Hasan Khan noted that while Bangladesh currently depends heavily on Indian cotton, the new US policy may gradually reduce imports from other suppliers, including Brazil, Australia, India, and several African nations.Industry leaders also suggest similar shifts. A.K. Azad, Managing Director of Ha-Mim Group, stated that while cotton is primarily sourced from India, Brazil, and African countries, US imports may rise despite higher prices due to better quality and lower wastage.He further noted that India remains a key source of organic cotton, as alternative suppliers often struggle to meet consistent demand. However, some manufacturers pointed out limitations of US cotton in certain woven products due to fibre characteristics.Abdullah Hil Naqib, Deputy Managing Director of Team Group, said India and China remain essential suppliers for yarn, fabric, and garment production, though clarity is still needed regarding the scope of US duty exemptions.Apart from cotton, Bangladeshi manufacturers also depend heavily on Indian yarn due to its lower cost compared to domestic production. Local output is affected by issues such as inconsistent gas supply, which increases manufacturing costs.Industry representatives also highlight a significant price gap, with imported Indian combed yarn being up to 40 cents per kilogram cheaper than locally produced yarn. Reduced incentives for domestic sourcing have further increased reliance on imports.According to USITC data, Bangladesh imported yarn worth US$2.9 billion in 2023. Around 56% of total cotton imports (valued at US$1.6 billion) were used for yarn production, with India accounting for roughly one-third of the total cotton supply.read more:- Exporters' demands: Term loan moratorium and cotton import duty waiver

Textile exporters seek term loan moratorium, duty waiver on cotton importsTextile exporters have urged the government to remove the 11 per cent import duty on cotton to sustain exports amid the growing uncertainty over the 25 per cent import duty levied by the US.The demand from the US has already slowed down and is expected to come down by 10-15 per cent in this fiscal.In a meeting held between the Textile Export Promotion Councils (EPCs) and Piyush Goyal, Minister of Commerce and Industry, the industry had raised issues facing the textile and apparel export sector, especially in view of fresh 25 per cent reciprocal tariff imposed by the United States.Siddhartha Rajagopal, Executive Director, the Cotton Textiles Export Promotion Council said the industry had expressed deep concern over the potential adverse impact of the reciprocal tariff on textile and clothing exports and stressed on the urgent need for financial support measures and relief.The key issues raised during the discussion included the demand for a two-year moratorium on term loans, the revival of the Interest Equalisation Scheme, and a five-year extension of Rebate of State and Central Taxes and Levies and Remission of Duties and Taxes on Exported Products benefits.Input-output normsThe exporters also requested that the import duty of 11 per cent on cotton should be removed so that raw materials are made available at international prices, he said. The industry also sought the easing of the input-output norms under the Advance Authorisation scheme.The Minister suggested that government was ready to help the exporters to tide over the high duty by reducing manufacturing and transaction costs including electricity and logistics costs, rationalising duties, labour reforms, refunding taxes, addressing banking and credit issues and issues in GST to improve competitiveness and mitigate loss of employment, he said.Apparel exporters expect the uncertainty kicked off by the punitive US import duty will be resolved in the next 2-3 months as the bilateral trade talks still continue.Premal Udani, Managing Director, Kaytee Corporation, one of the largest apparel exporters said even the buyers in the US who have placed orders with India do not know how to deal with the current development as there are a lot of pending orders for the forthcoming holiday and festival season including Christmas.“The Indian government has been very receptive in these challenging times and willing to support the industry which has been the largest employers after agriculture,” he said.read more:- Rupee opened 09 paise higher at 87.71 per dollar

The Indian rupee opened 09 paise higher at 87.71 due to a rise in the dollar index.After closing at 87.80 in the previous session, the rupee opened at 87.71 against the dollar.read more :-Rupee higher 01 Paise Against USD, Closes at 87.80

The Indian rupee on tuesday higher 01 paise to close at 87.80 per dollar, while it opened at 87.81 in the morning.At close, the Sensex was down 308.47 points or 0.38 percent at 80,710.25, and the Nifty was down 73.20 points or 0.30 percent at 24,649.55. About 1708 shares advanced, 2184 shares declined, and 143 shares unchanged.read more :- FTA will provide relief from tariff: Exporters

India’s textile exporters say US tariff hit can be offset by FTAsIndia’s textile exporters say exports loss because of the imposition of 25 per cent tariffs by US President Donald Trump will be compensated by gains in exports due to free trade agreements (FTAs) India has signed with other nations.Exporters remain confident about their future and are urging the government to take proactive steps to support the industry. Champalal Bothra, National Chairman of the Confederation of All India Traders (CAIT), told ANI that, "Despite Donald Trump imposing tariffs on India, the textile industry is not facing any problems. We want to tell the Indian government that the 35 per cent of our exports that go to the US can be compensated through free trade agreements (FTAs) by amending government policies and by exporting to other countries by reducing costs. If any country tries to bind it, India will not stop. The trader here will not work under the pressure of tariffs; it will find a new market and thrive."India responds strongly to Trump’s “more tariff” threatTextile traders from Surat told ANI that their market will not be affected by the new tariffs. They believe that Indian traders are capable of overcoming such challenges by exploring new markets and reducing manufacturing costs.Bothra added, “India’s textile traders are in such a strong position that they can create their market anywhere in the world. The US introduced Indian clothes in countries like Bangladesh, Vietnam and Cambodia in such a way that it showed India as a competitor to China.”He further stressed that with proper government support, especially for Micro, Small and Medium Enterprises (MSMEs), India can face tariffs effectively. “New markets can be found in Europe, South Africa, Japan or Central Asia,” he said.Trump tariffs: India may extend support to vulnerable sectors worst affectedEchoing a similar sentiment, textile trader Vikas Gupta said, “The tariff being imposed by the US is in discussion; side by side, the Indian government should explore parallel options, like changes in policies and subsidies, so that our manufacturing cost reduces and the 35 per cent supply to the US is maintained along with finding other markets.”He added, “We can then also take it as an opportunity. There are European, African and Asian countries where we have the scope to compete. If the government policies are good, we can also supply material to Vietnam, Bangladesh and China. People of Surat have never worked under pressure and never will. We will maintain our business through reduced costing instead.” With confidence in their resilience and a call for better policies, India’s textile industry is gearing up to overcome global trade challenges and continue its growth. read more:- Textile ministry likely to meet industry players next week over US tariffs.

Textiles ministry may discuss US tariffs with industryUnion Textiles Minister Giriraj Singh will meet industry stakeholders next week to deliberate upon the potential impact of US President Donald Trump's announcement to impose a 25 per cent tariff on India and seek their views on the issue, according to sources.The US is India's largest market for textile and apparel exports, accounting for about 25 per cent of the country's total outbound shipment from the sector.Discussions in the meeting will also revolve around realising opportunities arising for India's textile sector from the UK-India FTA, which was signed last month, as the government and industry want to leave no stone unturned to achieve the textile export target of USD 100 billion by 2030, and mitigate the potential impact of the US tariff announcement, sources told PTI.While it would be "premature" to talk about any measures being considered to support domestic textile exporters in light of the US announcement, they said, the government wants to seek the industry's feedback at this juncture and discuss the challenges and opportunities in terms of the UK-India FTA and other markets with untapped potential."We are continuously engaging with the industry. The minister has asked for a meeting. We will be talking to different players, the major garment export firms from India. Discussions will also revolve around realising opportunities arising for the textile sector from the UK-India FTA," according to sources."The industry has set a target of USD 100 billion by 2030, which it is keen to achieve. So, they are looking at a variety of products and also at different markets. They are looking at strengthening and consolidating the existing markets. The government has also announced the Export Promotion Mission." The US on Friday slapped a 25 per cent tariff on India, potentially impacting about half of the USD 86 billion Indian exports to America, while the other half, including pharmaceuticals, electronics, and petroleum products, continued to be exempted from the levy.The sectors, which would bear the brunt of 25 per cent duty include textiles/ clothing (10.3 billion), gems and jewellery (12 billion), shrimp (USD 2.24 billion), leather and footwear (USD 1.18 billion), animal products (USD 2 billion), chemicals (2.34 billion), and electrical and mechanical machinery (about USD 9 billion).read more :- Telengana : Robust Cotton Crop Anticipated In Adilabad

Telangana: Good yield expected from cotton crop in AdilabadAdilabad : A robust cotton crop is anticipated this season in Adilabad district, thanks to timely rains and full seed germination. Farmers are currently busy weeding their fields. The agriculture department expects high yields under these favourable weather conditions. The Central government has raised the minimum support price (MSP) for cotton to ₹8,110 per quintal, up from last year’s ₹7,521. Farmers are hopeful of strong returns, though private traders typically set purchase prices; the Cotton Corporation of India intervenes only if market rates fall below the MSP.District agriculture officer Sridhar Swamy reported that 4.40 lakh acres were sown with cotton this kharif. While initial urea shortages delayed fertiliser application for some, supplies arrived in time to support healthy plant growth. Recent heavy rains have spurred significant weed growth, and farmers have hired laborers for weeding operations. Local grower Dayakar Patel noted that farmers who followed departmental sowing guidelines are likely to see the best outcomes. Although full germination occurred, a few farmers plan second sowings due to earlier urea delays. In July, Adilabad police seized 150 bags (67.5 quintals) of urea, worth ₹3 lakh, being smuggled to Maharashtra from Bela mandal. Meanwhile, flood inundation along the Penganga River caused less crop damage in Jainad and Bela mandals this year than in the previous monsoon.read more :- Rupee open Falls 16 Paise to 87.81/USD