April 2010

Indian Exports to China Up 75 Percent

India Journal, 30 April 2010
Indian exports to China surged by 75 per cent in the first quarter this year, with a big increase in textiles and stones and precious metals shipments bringing down the trade deficit. More…

India coffee down on patchy local, no export demand

Reuters India, 30 April 2010
Prices at the Indian Coffee Association’s Thursday auction fell in absence of export demand and selective domestic demand, auctioneers said on Friday. More…

New FDI norms working very well: Anand Sharma

The Economic Times, 06 April 2010
Commerce and industry minister Anand Sharma has said that the new foreign direct investment (FDI) rules have defined the concepts of ownership and control with much clarity and the policy is working very well. More…

DIPP rules out FDI cap in pharma sector

Press Trust of India, 05 April 2010
The Department of Industrial Policy and Promotion (DIPP) has virtually turned down the proposal of the Department of Pharmaceuticals (DoP) to cap FDI in the pharma sector at 49% stating that apprehensions about the industry were misplaced. More…

Finmin for tighter FDI control

Business Standard, 05 April 2010
The finance ministry has proposed to tighten the foreign direct investment (FDI) regime in the country. It has sought to route a larger number of investments by companies where the foreign stakeholding is less than 50 per cent through the Foreign Investment Promotion Board (FIPB). More…

Food prices may ease after rabi harvest: Pranab

The Economic Times, 03 April 2010
Blaming the inflation on the supply bottleneck, Finance Minister Pranab Mukherjee has said prices of foodgrains are expected to come down after the rabi harvest. More…

Sonia to make food bill more poor-friendly

Business Standard, 03 April 2010
Within days of taking over the reins of the National Advisory Council (NAC), Congress President Sonia Gandhi has stepped in to make Food Security Bill more effective for the poor. More…

Coal linkages to supercritical power projects on priority basis

Business Standard, 03 April 2010
The Ministry of Power is looking to clear swiftly coal linkages for projects based on supercritical technology, said sources. More…

India’s GDP Growth Rate ‘Impressive,’ Mukherjee Says (Update1)

Bloomberg News, 02 April 2010
India’s pace of economic growth is “impressive” and may accelerate to the fastest in three years this financial year, Finance Minister Pranab Mukherjee said. More…