Business
Extension of benefit under RoDTEP to tobacco sector will boost exports

The Indian Tobacco Association has said that the extension of benefit under RoDTEP to the tobacco sector is eminently aligned to the objectives of the Foreign Trade Policy and also to have a level playing field to our products in the international market.
Export is a pre-requisite for the growth of any country. The Association said India has got advantage of wide range of soils and climatic conditions to produce different styles of tobaccos which can cater to the needs of different overseas markets.
There are several countries in the world whose economy is based on Tobacco like – Brazil, Zimbabwe, Malawi, Thailand, etc. India is, thus, well positioned to become a major player in the global tobacco market if it can harness the emerging opportunities through price competitiveness. However, steep increases in cost of cultivation, transportation and logistics has adversely impacted the price competitiveness of Indian tobacco.
The Association had said, “we had the opportunity to digitally participate in the Prime Minister’s interactive session. We were pleased to learn that the government is focusing on exports, with the Ministry of Commerce and Industry setting a target of a 30 per cent growth in Indian tobacco exports. In this regard, we also met with the Commerce Minister and the Secretary of the Commerce Ministry, and made our representations and workings through the Tobacco Board. Whereas, tobacco is not included in RoDTEP benefits, despite several appeals.”
The tobacco sector’s exports mainly include value-added products, such as flue-cured Virginia (FCV) tobacco (approximately 72 per cent of the country’s FCV production for export) and tobacco products, which bring the country US$ 900 million in foreign exchange each year. As there is no level playing field in the international market, India’s exports of unprocessed tobacco have fallen sharply.
Indian Unmanufactured exports in 2013-14 was worth Rs 4,850 cr with volume of 236 M Kg compared to Rs 3,780 cr with a substantially low volume of 169 M Kg in 2020-21, clearly indicates India’s fall in global markets. It is loss to entire FCV tobacco stake holder community as well as revenue loss to the Indian Government.
The global competitiveness of the Indian tobacco industry has also been severely affected due to factors like (i) Subsidies provided to tobacco in countries like Zimbabwe, Tanzania, EU, and the USA;(ii) A duty free regime in the EU for imports from least developed countries such as Bangladesh, Nepal, Malawi and so on; (iii) The prevalence of a Tariff Rate Quota in USA whereby the US market is accessible at a concessional import duty rate by countries like Argentina, Brazil, Thailand, etc while non-quota imports from countries like India are taxed at an ad-valorem rate of 350 per cent.
Consequently, the Indian tobacco sector is denied a level-playing field when competing globally with some of the major tobacco growing countries like USA, Argentina, Mozambique and Zimbabwe.
The stated objective of the Foreign Trade Policy in general, include enhancement of India’s export competitiveness by offsetting infrastructural inefficiencies and associated costs involved in export of goods and products, which are produced in India, especially those having high export intensity and employment potential.
Due to reasons stated above, extension of benefit under RoDTEP to the tobacco sector is eminently aligned to the objectives of the Foreign Trade Policy and also to have a level playing field to our products in the international market – Export incentive will boost the Forex and income generation to farmers.
Exclusive
Calcutta HC allows NGO to distribute relief material in communal violence-hit Murshidabad

Kolkata, April 17: A single-judge bench of the Calcutta High Court, on Thursday, permitted a non-government organisation (NGO) to visit the communal violence-hit Murshidabad and distribute relief material among the affected people.
While granting permission to the NGO christened ‘Khola Hawa (Open Air)’, which was earlier denied permission by the district administration, the single-judge bench of Justice Amrita Sinha observed that there was no rule that organisations other than government bodies would not have permission to distribute relief materials at any place.
She also observed that the existing law and order problem could not be an excuse for denying permission, since the Central Armed Police Forces (CAPF) were already posted in Murshidabad.
The NGO approached the bench of Justice Sinha after the Murshidabad district magistrate denied permission for its members to visit the troubled spots in the district to distribute relief there. Parts of Murshidabad district in West Bengal have been on the boil last week after protests over the Waqf (Amendment) Act turned violent.
In the petition, the NGO alleged that while the district administration was allowing different political parties to reach the troubled spots with relief materials, the permission to the organisation was deliberately denied.
The matter came up for hearing on Thursday afternoon. The counsel for the NGO argued that there was no reason for the district magistrate to deny the permission since the state Director General of Police had already claimed that the situation at Murshidabad was currently more or less normal. “The NGO members want to go there to distribute relief items like tarpaulin, food, and medicines to those affected,” the counsel of Khola Hawa argued.
Although the state government opposed the arguments, Justice Sinha finally accepted the argument of the counsel of Khola Hawa and permitted the NGO to visit the troubled spots and distribute relief items there.
However, she maintained that only three members of a relief team should visit any troubled spot at a time for the time being. At the same time, these three team members would have to inform the district magistrate at least 24 hours in advance about their visit. The visiting team members, as per the court order, should also not make any provocative statements during the process of relief distribution that might trigger tension in the area again.
International
Extreme marine heatwaves tripled over past 80 years: Study

London, April 17: The number of days each year that the world’s oceans experience extreme surface heat has tripled over the past 80 years due to global warming, a new study has found.
Researchers found that, on average, the global sea surface saw about 15 days of extreme heat annually in the 1940s, Xinhua news agency reported.
Today that figure has soared to nearly 50 days per year, revealed the study published in the journal Proceedings of the National Academy of Sciences.
Global warming is responsible for almost half of the occurrence of marine heatwaves — periods when sea surface temperatures rise well above normal for an extended time.
The study, produced by a team of scientists from the Mediterranean Institute for Advanced Studies, the University of Reading, the International Space Science Institute, and the University of the Balearic Islands, also found that rising global temperatures are making extreme ocean heat events last longer and become more intense.
“Marine heatwaves can devastate underwater ecosystems. Extended periods of unusually warm water can kill coral reefs, destroy kelp forests, and harm seagrass meadows,” said Xiangbo Feng, a co-author of the study at the National Centre for Atmospheric Science at the University of Reading.
The impacts of marine heat waves extend beyond the ocean. The researcher warns that increased marine heatwaves could, in return, cause our atmosphere less stable leading to more frequent and powerful tropical storms in some regions.
“As global temperatures continue to rise, marine heatwaves will become even more common and severe, putting increasing pressure on already stressed ocean ecosystems. These increased marine heatwaves could, in return, cause our atmosphere less stable leading to more frequent and powerful tropical storms in some regions,” Feng said
Noting that human activities are fundamentally changing oceans, the study called for urgent climate action to protect marine environments.
Business
US tariff hikes no longer make economic sense: China

Beijing, April 17: A Chinese foreign ministry spokesperson said on Thursday that the United States’ 245 per cent tariff on certain products from China no longer makes economic sense.
It the US continues to play the “tariff numbers game”, it will pay no attention to it, according to the spokesperson, Xinhua news agency reported.
The statement came in the wake of White House’s statement that China faces tariffs of up to 245 per cent due to its retaliatory action.
China now faces up to 245 per cent tariffs on imports to the US as a result of its retaliatory tariffs, according to the White House Fact sheet.
This came after Beijing ordered its airlines not to take any further deliveries of Boeing jets in response to the earlier US decision to impose 145 per cent tariffs on Chinese goods.
According to the White House, the US President is open to making a trade deal with China, but Beijing should make the first move.
“More than 75 countries have already reached out to discuss new trade deals. As a result, the individualised higher tariffs are currently paused amid these discussions, except for China, which retaliated,” it said.
The White House also accused Beijing of banning exports to the US of gallium, germanium, antimony, and other key high-tech materials with potential military applications.
There are no winners in a trade conflict and the tussle between China and the US raises the risk of economic and geopolitical fallout, a report by S&P Global Ratings said this week.
Home to sizable manufacturing activities, Asia-Pacific is highly dependent on exports to the U.S. and China for growth. At the same time, Asia-Pacific depends on the US mostly for security.
The region could find itself pushed to take sides or walk a delicate line between the two large economies, the report stated.
To counteract tariffs, Asia-Pacific governments are exploring the formation of regional trade blocs or bilateral trade agreements. These efforts could accelerate, expediting the need to relocate supply sources and production.
China’s economic growth is seeing rising downside risk amid rising trade tensions with the US as its export engine falters from weaker global demand. The country’s domestic growth engine remains subdued, given the lingering real estate crisis, which is dragging down confidence.
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