April 2011

Morocco exploring strategic partnerships with India

Business Line, 29 April, 2011
Indian firms can invest in Moroccan firms to gain direct and preferential access to several markets with which the African country has signed free trade agreements (FTAs).

India can take advantage of policy shift in China

The Hindu, 26 April, 2011
Union Commerce and Industry Minister Anand Sharma on Monday said that India could well benefit from the policy shift in China from export oriented to domestic consumer-driven economy by increasing exports and help bridge the trade deficit.

Generosity halved in drafting export subsidy promise

Business Standard, 25 April, 2011
The finance ministry has amended the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995. The amendment seeks to give useful dispensations to the exporters but fails to deliver in full measure the intended relief.

India is vulnerable because food price inflation has been high

The Hindu, 25 April, 2011
With the annual Spring Meetings of the World Bank and the International Monetary Fund (IMF) happening earlier this month, both institutions sought to focus the world’s attention on multiple crises affecting developed and developing nations including food price inflation.

DBT allocates Rs. 300 crore for research on GM crops

F & B News, 22 April, 2011
The department of biotechnology (DBT) has allocated Rs 300 crore specifically for conducting research on genetically-modified (GM) crops. There are currently around 400 research centres in the country which are carrying out research of which 200 are part of the DBT grant.

Liberalize FDI, improve regulations for 9% growth: Planning Commission

Live Mint, 21 April, 2011
Concerned over weaknesses in manufacturing sector, the Planning Commission on Thursday pitched for further liberalization of FDI policy and improvement of business regulations to step up GDP growth rate to 9-9.5% in the 12th Plan from 8.2% in the current plan.

China trade official not worried about deficit

Market Watch, 14 April, 2011
Running a trade deficit isn’t necessarily a bad thing for China as it reflects the country’s efforts to promote imports in order to make its trade structure more balanced and reasonable.

2010-11 exports will be in the $225-230 b range

Business Line, 13 April, 2011
The five-year Foreign Trade Policy (FTP) unveiled in 2009 made due allowance for the global economic turbulence and uncertain overseas markets when it said the Government would take stock of the situation by March 31, 2011 after the short-term shock worked itself out.

India is emerging global power: Doha Bank CEO

Business Standard, 07 April, 2011
The rapid growth of India and China will overshadow the development of their Asian neighbours in coming years, with the purchasing power of their populations increasing to almost match consumers in the US and EU combined.

UN comes together to promote tourism in LDCs

FT News, 07 April, 2011
Tourism has been identified by more than half of the world’s poorest countries as an effective means to take part in the global economy and reduce poverty.

Climate change targets developing world’s cities

Reuters, 07 April, 2011
Many fastest-growing cities, especially those in the developing world, stand to suffer disproportionately from the effects of climate change, a new study reported on Thursday.

DEPB for exporters unlikely to be extended: DGFT

Business Line, 06 April, 2011
The commerce ministry on Wednesday indicated that the DEPB, popular duty benefit scheme for exporters, is not likely to continue beyond June 30.

India against inclusion of data exclusivity in any FTA

The Economic Times, 06 April, 2011
India today said it was against the inclusion of ‘data exclusivity’ provision in any of its free trade agreements (FTA) as it would hurt the interests of the domestic generic drugs industry.

Cotton yarn exporters want restriction to continue

Business Standard, 01 April, 2011
The Tirupur Exporters Association (TEA) today said the DGFT should not remove restriction on cotton yarn export as it would directly impact downstream sectors and trigger increase of cotton yarn prices, coupled with its non-availability in the domestic market.