OF THE
TIMES
The rating agency analysed the current import portfolio from China and found 40 sub-sectors that have the potential to lower their import dependency on China.In order to substitute Chinese products, India has eased customs checks for US and South Korean companies. Chinese investments in India were $163 million in 2019, and Union minister Nitin Gadhkari even unwelcomed Chinese investment.
These sectors contribute to $33.6 billion worth of imports from China and about 25% of these imports can be substituted by local manufacturing without any significant additional investments, Acuite said.
"This would have a positive cascading effect on the economy as equivalent quantum of revenues would not only be added to the turnover of domestic enterprises including MSMEs but is also likely to translate to benefits through forward and backward linkages, better economies of scale along with cost competitiveness and importantly, enhancing the scope of employment generation," Acuite said.
Let's take a walk down memory lane, shall we?
President Bill Clinton pardoned not one, but 16 members of the dangerous terrorist organization Fuerzas Armadas de Liberacion Nacional (spanish for "Armed Forces of National Liberation"). Among the FBI's most wanted, the group was responsible for the 1975 bombing of a New York City restaurant where prominent businessmen dined, as well as NYPD police headquarters on New Year's Eve in 1982, and other incidents that terrorized the nation.
Always up to the task of shameless political posturing, Clinton pardoned some of his political donors. Marc Rich was wanted for $47 million in back taxes and 51 counts of tax fraud, in addition to his suspected activity in an Iraqi "oil for food" kickback scheme where the U.S. government suspected he served as the middle man for the illicit sale of 4 million barrels of oil.[..]
Long before Clinton, President Jimmy Carter pardoned three members of a terrorist gang who shot 30 rounds from the visitor's balcony into the chamber of the House of Representatives in a suspected attempt to mass-murder members of Congress.[..]
During his final week in office, Obama also commuted the sentences of more than 1,700 prisoners in two batches of clemency grants; 504 of his pardons were for inmates serving life sentences including armed robbers and drug dealers who had convictions for the distribution of cocaine, methamphetamine, marijuana, and heroin.
UPDATES 11/7/2020: RS's dance for joy not only hit a nerve with the liberal left and opponents of President Trump, it triggered fury and indignation from the critics:
So what's next for Roger Stone, should he put the legal mess to rest?
Comment: The hubris of the West, led by the neocons who still think they can shape the world is already in the process of backfiring. In the words of E.J. Magnier: