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<ul class="summary-list"><li>A Russian company will reportedly barter chickpeas and lentils for Pakistani tangerines and rice.</li><li>Russia has struggled to make payments across borders amid mounting sanctions from the US and its allies.</li></ul>Russia is continuing to feel the pressure from Western sanctions.One Russian company is planning to barter chickpeas and lentils for Pakistani tangerines, rice and potatoes, according to a Tuesday report from Russian state-run news service Tass.The agreement comes amid reports of Russian companies struggling to make payments across borders amid <a target="_blank" class="" href="https://www.businessinsider.com/russia-economy-growth-recession-labor-worker-shortage-inflation-sanctions-west-2024-9">mounting sanctions from the US and its allies</a> since Russia invaded Ukraine in 2022.Russia's Astarta-Agrotrading will trade 20,000 tons of chickpeas in exchange for the same amount of rice from Pakistan's Meskay &amp; Femtee Trading Company in an agreement signed Tuesday, Bloomberg said, citing the Tass report.The company will also trade 15,000 tons of chickpeas and 10,000 tons of lentils for 10,000 tons of potatoes and 15,000 tons of tangerines from the Pakistani company.Russia's search for alternate international trade channels isn't new.In fall 2022, months after Russia invaded Ukraine, the country <a target="_blank" href="https://www.businessinsider.com/russia-india-payment-issues-us-west-sanctions-rupees-ukraine-war-2024-9">drafted plans</a> to spend around $1 billion worth of Indian rupees secretly purchasing critical goods and investing in production in India, the Financial Times reported last month.More recently, China is reported to be in <a target="_blank" href="https://www.businessinsider.com/russia-economy-russia-china-barter-trade-us-secondary-sanctions-payments-2024-8">barter trade talks with Russia</a>, joining the likes of countries like Afghanistan and Iran who have also discussed barter trade with the Kremlin.Russia also passed a bill in July that will allow <a target="_blank" href="https://www.businessinsider.com/russia-economy-moscow-cryptocurrency-bill-digital-ruble-trade-payments-sanctions-2024-7">trade payments in crypto</a>.Russia has struggled amid increasingly tight sanctions since 2022, which have steadily cut off its access to key financial support.Even Chinese banks, the smaller of which were a key processor for Russian payments, have <a target="_blank" href="https://www.businessinsider.com/russia-economy-all-china-banks-refuse-yuan-ruble-transfers-sanctions-2024-8">stopped offering support</a> in recent months.Russia's economy has boomed throughout the war with Ukraine, but the Bank of Russia recently said its seen <a target="_blank" href="https://www.businessinsider.com/russia-economy-outlook-stagflation-recession-inflation-gdp-growth-ukraine-war-2024-9">"signs of cooling domestic demand" as inflation rises</a> — a dreaded outcome known as stagflation.

A Russian company is bartering chickpeas for Pakistani rice as sanctions stop payments

Mumbai, The current account deficit (<keyword id="19962125" type="General" weightage="20" keywordseo="cad" source="keywords">CAD</keyword>) is likely to widen to 1.2 per cent or USD 11 billion of the GDP in October-December FY24 as compared to 1 per cent in the previous quarter, <keyword id="19955912" type="General" weightage="20" keywordseo="india-ratings" source="keywords">India Ratings</keyword> said in a report. In the year-ago period, CAD was 2 per cent of the GDP. A current account deficit occurs when a country's expenditure in imports is more than its income from exports of goods and services. The report further said the CAD percentage may narrow in Q4 as it sees some nascent signs of a pick-up in global economic activity which will lead to better export numbers. The global manufacturing purchasing managers index expanded for the first time in 17 months in February to 50.3. The expansion was stronger in the US and emerging economies, barring the European region, according to the report. The agency expects merchandise exports to increase to around USD 117 billion in Q4, up 2 per cent on-year, which will be a seven-quarter high. Likewise, merchandise imports are expected to touch a six-quarter high of around USD 180 billion in Q4, up 8 per cent on-year. Trade deficit will be USD 64 billion in the quarter. On the other hand, services demand has remained healthy despite global headwinds and the trend continues to be strong with the latest high frequency indicators. The global services PMI touched a seven-month high of 52.4 in February helped by both the developed as well as emerging markets. Thus, it hopes services trade surplus to sustain the record-breaking run and stand at a fresh high of USD 47 billion in Q4. Merchandise exports grew 1.1 per cent on-year in Q3 and a favourable base effect and a pick-up in demand from the US, UAE and the Netherlands helped goods exports grow after a year. However, sequentially, goods exports were down to USD 105.7 billion in Q3 from USD 107.4 billion in Q2. The top 10 items which pushed goods exports in Q3 were gold and other precious metal jewelleries, iron ore, drug formulations, biologicals, telecom instruments, aircraft, <keyword id="20931842" type="General" weightage="20" keywordseo="spacecraft-parts" source="keywords">spacecraft &amp; parts</keyword>, cotton yarn, <keyword id="19962751" type="General" weightage="20" keywordseo="basmati-rice" source="keywords">basmati rice</keyword>, buffalo meat, electric <keyword id="20931843" type="General" weightage="20" keywordseo="machinery-equipment" source="keywords">machinery &amp; equipment</keyword>, and copper and related products. Volume growth in these items ranged between a negative 38.3 per cent to 368.2 per cent and was weaker than the value growth which stood in the range of 10.2-535 per cent in Q3. On the other hand, merchandise imports rose to a year's high of USD 176.2 billion in Q3 led by imports of intermediate and consumer durables which were at a record high of USD 40.23 billion and a five-quarter high of USD 39.58 billion, respectively. However, goods imports were up by only 0.1 per cent in Q3 as primary goods contracted by 11.2 per cent.

Current account deficit in Q3 may widen to 1.2%, improvement likely in March qtr: India Ratings

Best electric rice cooker in India in 2023

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A washing bowl is equipped to serve various purposes and hence, it is known as a versatile kitchen tool which is simply a must-have. Colanders are used to wash, strain, drain and store food products for improved convenience in the kitchen. Further, the design of these bowls make sure that there is no spillage or waste of food items while you are discarding the excess water out of them. Colanders are overall lightweight, easy to use, durable and mostly are a one-time buy. Thus, if you have been searching for a colander which would serve multiple roles, look no further! Check out this list of 6 washing bowls to reduce wastage in your kitchen and pick your favourite right away. <bulletContentEmbed name="B07MGHSF7L" columns="1"><bulletContentHeading name="B07MGHSF7L_head"><div type="image" title="Plastic Body" msid="88849621" hostid="261"></div></columnHeadThumb>B07MGHSF7L</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B07MGHSF7L_body"><bulletContentRow name="B07MGHSF7L_8546777573407960"><bulletContentRowHeading><bulletContentRowHead col="1">Machak Rice Pulses Fruits Vegetable Noodles Pasta Washing Bowl &amp; Strainer</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This high-quality washing bowl is a must-have in your kitchen, as it can be used for multiple purposes and is suitable for daily use as well. Further, this colander comes with a long-lasting food-grade plastic body that has a matte finish, making it a top choice among buyers. You can utilize this colander as a strainer to drain excess water out of your food items and it can also play the role of a mixing bowl for your salads and dry ingredients. Additionally, this colander allows you to store veggies and fruits for enhanced convenience.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B07MGHSF7L_1579782109153694"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This high-quality washing bowl serves multiple purposes and is suitable for daily use.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B08JLXFK1Y" columns="1"><bulletContentHeading name="B08JLXFK1Y_head"><div type="image" title="Long-Lasting" msid="87359868" hostid="261"></div></columnHeadThumb>B08JLXFK1Y</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B08JLXFK1Y_body"><bulletContentRow name="B08JLXFK1Y_6769751361820049"><bulletContentRowHeading><bulletContentRowHead col="1">Tiara - Omega Stainless Steel Rice Bowl, Washing Bowl</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This multifunctional stainless steel washing bowl is an essential kitchen tool because it helps you to clean your food items and serves as a portable storage solution too. 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Further, these multipurpose washing bowls are versatile and come in two different sizes. So be it for straining, draining, cleaning or storing food items, you can use these two washing bowls, as per the size requirements. Enabled with a long warranty, this colander set also prevents the slippage of items like rice, pulses, noodles and ensures no wastage. A must-have in your kitchen, get this set right away to ease your daily tasks.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B0799DKSJY_2644668667114336"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This eco-friendly two-piece washing bowl set is a versatile kitchen tool.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B09D89KT7Z" columns="1"><bulletContentHeading name="B09D89KT7Z_head"><div type="image" title="Durable Material" msid="87359908" hostid="261"></div></columnHeadThumb>B09D89KT7Z</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B09D89KT7Z_body"><bulletContentRow name="B09D89KT7Z_7930709224415068"><bulletContentRowHeading><bulletContentRowHead col="1">Zesta Big Sizes Rice Pulses Fruits Vegetable Noodles Pasta Washing Bowl</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This premium quality 3-piece colander set comes with fine filters and a branded measuring spoon, for multiple uses. You can use these multicoloured washing bowls to clean your veggies and fruits, drain water out of noodles, rice, pulses alongside for storing items as well. Made of durable and food-grade plastic, this set has an ergonomic design and is ideal for heavy-duty usage on a daily basis. Additionally, this economical washing bowl set is resistant to breaking and their vibrancy is surely visually appealing too. So add this set to your cart right away and add to your list of kitchen essentials now.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B09D89KT7Z_1235855788300189"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This premium quality 3-piece colander set comes with fine filters and a branded measuring spoon.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B097Y8NW2L" columns="1"><bulletContentHeading name="B097Y8NW2L_head"><div type="image" title="Lightweight Design" msid="87359924" hostid="261"></div></columnHeadThumb>B097Y8NW2L</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B097Y8NW2L_body"><bulletContentRow name="B097Y8NW2L_3173757411018487"><bulletContentRowHeading><bulletContentRowHead col="1">Dinnerware Rice Pulses Fruits Vegetable Noodles Pasta Washing Bowl Strainer</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This premium colander has an innovative and space-saving design, which makes it a must-buy for your regular kitchen tasks. 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This colander also makes sure that there is no litter in your kitchen because of slippage or wastage of products like rice, noodles, pasta, pulses and so on.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B097Y8NW2L_3821720030388262"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">Highly durable, portable and lightweight, this premium colander has a space-saving design.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B08WH6T5BT" columns="1"><bulletContentHeading name="B08WH6T5BT_head"><div type="image" title="Detachable Base" msid="87359978" hostid="261"></div></columnHeadThumb>B08WH6T5BT</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B08WH6T5BT_body"><bulletContentRow name="B08WH6T5BT_0900402302078382"><bulletContentRowHeading><bulletContentRowHead col="1">Korona ABS Plastic 13-inch Foldable Washing Bowl</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This foldable colander comes with a detachable base and is composed of BPA-free and non-toxic silicone, which makes it environment-friendly. 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Best rice and pulses washing bowl in India

Despite geopolitical tensions in <keyword id="19897269" type="General" weightage="20" keywordseo="europe" source="keywords">Europe</keyword> and the <keyword id="19904316" type="General" weightage="20" keywordseo="middle-east" source="keywords">Middle East</keyword>, <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>'s <keyword id="20631272" type="General" weightage="20" keywordseo="merchandise-exports" source="keywords">merchandise exports</keyword> grew by 5.8% to $109.96 billion compared to $103.9 billion in the same period last year, according to a CRISIL report. The report states that the deceleration in the growth momentum of exports in June compared to May was largely due to an 18.2% contraction in oil exports. The growth momentum slowed down in June, with merchandise exports increasing by only 2.6% year-on-year, down from 9.1% in May. Non-oil exports continued to maintain steady growth, rising by 7.7% in June, almost in line with the 7.8% growth recorded in May. Services exports exhibited a strong performance in June, contributing positively to the overall trade scenario. The positive aspect is that merchandise imports grew at a slower pace of 5% year-on-year in June, down from 7.7% in May. However, core imports, excluding oil and gold, surged by 7.1%, increasing from the 0.8% growth in the previous month. This spike in core imports was partially driven by a low base effect from the previous year. Despite the positive growth in exports, the <keyword id="20201391" type="General" weightage="20" keywordseo="trade-deficit" source="keywords">trade deficit</keyword> widened to $21 billion in June from $19.2 billion in the same month last year. For the first quarter, cumulative imports rose by 7.7% to $172.4 billion from $160 billion, resulting in a trade deficit of $62.44 billion, up from $56.1 billion. This widening deficit was mainly due to a higher oil trade deficit, while the non-oil trade deficit narrowed. Services exports were a bright spot, increasing by 10.2% year-on-year to $29.76 billion in May. On the other hand, service import growth moderated to 5.4%, down from 19.1% in the previous month. Consequently, the services trade surplus expanded to $13.02 billion, up from $11.1 billion in May last year. Oil exports fell by 18.3% year-on-year and 18.5% month-on-month in June, despite stable international prices. This suggests a reduction in export volumes, with exports falling to $5.5 billion from $6.8 billion in June last year and the previous month. Oil imports increased by 19.6% in June compared to 28% in May, driven by domestic demand and local refineries operating above capacity. Sectors such as drugs and pharmaceuticals, engineering goods, organic and inorganic chemicals, and ready-made garments showed positive growth. However, pharmaceuticals (9.9% vs. 10.5%) and ready-made garments (3.7% vs. 9.8%) saw slower growth compared to May. Gems and jewellery exports continued to decline, marking the seventh consecutive month of negative growth at -1.4% year-on-year. Growth in carpets, handloom products, man-made products, plastics, and linoleum was positive but slower than the previous month. Handmade carpets (-16.6% vs. 20.6%), jute manufacturing (-11.1% vs. -5.2%), and leather products (-2.2% vs -2.1%) recorded contractions. Cashew exports have been declining since 2018, with only sporadic months of positive growth. In June, cashew exports fell by 7.3%, an improvement from the 25.8% decline in May. Coffee (70% vs. 64.2%), fruits and vegetables (7% vs. 20.8%), rice (1% vs. 2.8%), spices (9.8%vs. 20.3%), tea (3.2% vs. 19.6%), and tobacco (37.7% vs. 58.4%) saw slower growth compared to May. Marine products (-7.7% vs. -3.9%) and meat, dairy, and poultry products (-13.9% vs. 22.9%) also experienced a decline. Increases were noted in electronic goods (15.9% vs. 6.7%), fruits and vegetables (22.6% vs. 3%), non-ferrous metals (47.6% vs. 1.1%), project goods (31.4% vs. -44.3%), textiles and yarn fabric made-up articles (23.8% vs. -1.1%), and wood products (16.2% vs. -7.2%). The fiscal year has started positively with steady merchandise export growth in the first quarter. Encouragingly, multilateral organisations have forecasted better year-on-year trade growth. The Indian government's focus on foreign trade agreements (FTAs) is expected to further boost trade. However, the persistent growth in imports surpassing exports is a concern, widening the trade deficit. The recent US tariff hikes on Chinese imports could lead to potential dumping by China in the Asian market, including India, which requires close monitoring. Despite these challenges, the expected moderation in domestic growth may help contain import growth and the trade deficit. The service trade surplus and robust remittance flows are positive indicators that the current account will remain stable.

Indian exports show resilience amid global challenges in first quarter, says CRISIL report

<keyword id="20934456" type="General" weightage="20" keywordseo="food-safety-regulator" source="keywords">Food safety regulator</keyword> <keyword id="20225209" type="General" weightage="20" keywordseo="FSSAI" source="keywords" meta.keywordsubtype="org" meta.entityname="FSSAI" meta.hostid="153" meta.entityid="FSSAI">FSSAI</keyword> on Thursday said it is in the process of collecting pan-India samples of Nestle's Cerelac <keyword id="21363372" type="General" weightage="20" keywordseo="baby-cereals" source="keywords">baby cereals</keyword>, amid a global report that claimed the company was adding higher <keyword id="21343237" type="General" weightage="20" keywordseo="sugar-content" source="keywords">sugar content</keyword> in the product. "We are collecting samples (of Nestle's Cerelac baby cereals) from across the country. It will take 15-20 days to complete the process," Food Safety and Standards Authority (FSSAI) CEO G Kamala Vardhana Rao told PTI on the sidelines of an Assocham event on food fortification. FSSAI is a statutory body under the administration of the Ministry of Health and Family Welfare. The move comes following concerns about alleged high sugar content in Nestle's baby food products expressed by both the consumer affairs ministry and the National Commission for Protection of Child Rights (NCPCR) after taking note of a global report published by Swiss NGO Public Eye. The global report has claimed that Nestle sold baby products with higher sugar content in less developed South Asian countries including India, Africa and Latin American nations as compared to markets in Europe. However, Nestle India has maintained that it never compromises on compliance and it has reduced added sugar in baby food products in India by up to 30 per cent depending on variants over the past five years. Earlier, addressing the Assocham event, the FSSAI CEO highlighted the importance of food fortification for human health and called for fortification beyond rice to include millets and other alternative foods. FMCG firms have introduced varieties of millet-based products in the last few years and they can further expand the basket of nutritional foods in the country, he added. The CEO also unveiled an Assocham's knowledge report 'Fortifying India's Future: Significance of Food Fortification and Nutrition' on the occasion. LT Foods Global Branded Business CEO Vivek Chandra, Shariqua Yunus of World Food Programme, Fortify Health CEO Tony Senanyake and Farm to Fork Solutions CEO Umesh Kamble also spoke about food fortification. SEE ALSO:<a href="https://www.businessinsider.in/tech/news/jiocinema-introduces-new-ad-free-premium-plans-starting-at-29/articleshow/109581033.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/jiocinema-introduces-new-ad-free-premium-plans-starting-at-29/articleshow/109581033.cms" target="_blank">An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema</a><a href="https://www.businessinsider.in/tech/mobile/news/realme-narzo-70-narzo-70x-5g-smartphones-launched-in-india-starting-at-11999/articleshow/109557895.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/realme-narzo-70-narzo-70x-5g-smartphones-launched-in-india-starting-at-11999/articleshow/109557895.cms" target="_blank">Realme Narzo 70, Narzo 70X 5G smartphones launched in India starting at ₹11,999</a><a href="https://www.businessinsider.in/tech/news/apple-let-loose-event-scheduled-for-may-7-ipads-expected-to-be-launched/articleshow/109553148.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/apple-let-loose-event-scheduled-for-may-7-ipads-expected-to-be-launched/articleshow/109553148.cms" target="_blank">Apple Let Loose event scheduled for May 7 – New iPad models expected to be launched</a>

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A Russian company is bartering chickpeas for Pakistani rice as sanctions stop payments

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Current account deficit in Q3 may widen to 1.2%, improvement likely in March qtr: India Ratings

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Best electric rice cooker in India in 2023

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Best rice cooker under ₹3000

BI India Bureau

Best rice and pulses washing bowl in India

BI India Bureau

Indian exports show resilience amid global challenges in first quarter, says CRISIL report

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FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO

PTI

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