India should adopt bilateral APAs: PwC
The Financial Express, 31 August 2010
Cabinet approval of the Direct Taxes Code (DTC) Bill will witness a step towards a positive development in Transfer Pricing, a major concern for multinational companies operating in India. More…
Rupee Completes Worst Month Since May on Concern India’s Exports to Slow
Bloomberg, 31 August 2010
India’s rupee fell, completing its worst month since May, on concern a stalling global recovery will crimp overseas shipments from Asia’s third-largest economy and cause the trade deficit to widen further. More…
Worrisome deficits
The Hindu, 31 August 2010
With GDP figures pointing to a return of the era of 9 per cent growth, little attention is being paid to a disconcerting feature of India’s external payments position. More…
India’s Economy Accelerated in Quarter
The New York Times, 31 August 2010
In contrast to the slowing growth and continued high unemployment among many developed countries, India said Tuesday that its economy was accelerating. More…
India, US must reduce trade barriers: US Senator
Indian Express, 31 August 2010
US Senator George LeMieux on Monday said India and the US should work towards reducing trade restrictions. More…
India to urge China to curb illegal trade in tigers
The Hindu, 31 August 2010
Defence ties between India and China may be strained in the wake of the visa denial row, but the two countries hope next week will see increased cooperation in both wildlife conservation and global financial issues as two delegations from New Delhi travel to Beijing. More…
India unlikely to achieve $200-bn export target: Expert
The Economic Times, 30 August 2010
India will find it difficult to achieve its ambitious export target of $200 billion in the current financial year as the global economic downturn was not yet over, an expert said on Monday. More…
Lok Sabha passes Civil liability for Nuclear liability bill
The Economic Times, 26 August 2010
The Civil Liability for Nuclear Liability Bill, 2010, was on Wednesday passed by the Lok Sabha by an emphatic 252:25 majority after the Left pressed for a division. More…
First Australian bank starts India operations
The Economic Times, 26 August 2010
Commonwealth Bank of Australia (CBA) has started its full-fledged operations in India with a focus of trade finance, remittances and foreign exchange services, among others. More…
India to promote trade with ASEAN countries
The Economic Times, 26 August 2010
Minister of Commerce and Industry Anand Sharma is leading an official delegation to Vietnam to review the India-ASEAN services and investment negotiations along with his ASEAN countries’ counterparts from August 26-27. More…
India allows telecom imports after 8-month ban
The Associated Press, 25 August 2010
India has relaxed an eight-month ban on imports of telecommunication equipment, approving orders from China’s ZTE and Huawei and Finland’s Nokia Siemens Networks, executives said Wednesday, as security fears fade before an urgent need to roll out third-generation wireless infrastructure. More…
South Korea Nears Atomic Trade Deals with India, Japan
Global Security Newswire, 20 August 2010
India and South Korea are on pace to come to an agreement on nuclear energy collaboration before the start of 2011, the Asahi Shimbun reported yesterday. More…
India to push for early opening up of services sector with Asean
The Economic Times, 21 August 2010
Commerce minister Anand Sharma will urge his Asean counterparts to speed up the process of opening up services to Indian firms when he meets them in Vietnam next week at a two-day meeting of the trade ministers of the 10-member grouping. More…
India-Japan strategic dialogue today
The Hindu, 21 August 2010
India and Japan will hold the fourth round of strategic dialogue here on Saturday to firm up defence and economic ties against the backdrop of the second round of talks on a civil nuclear pact planned for next month. More…
Back on the Table: India’s Wheat
Wall Street Journal, 18 August 2010
India’s top trade official entered the global wheat fray, raising the prospect of exports from the world’s second-largest grower of the grain. More…
Japan, India to agree on free trade accord by year-end: sources
The Mainichi Daily News, 18 August 2010
Japan and India are expected to reach a bilateral free trade agreement by the end of this year, which will provide Japanese goods and services greater access to the world’s second-most populous market, sources close to the matter said Tuesday. More…
India’s July exports up 13.2 pct y/y-trade secretary
Reuters, 17 August 2010
India’s exports INEXP=ECI in July grew an annual 13.2 percent to $16.24 billion, Trade Secretary Rahul Khullar told reporters on Tuesday, the ninth straight month of expansion. More…
India-Canada bilateral trade to increase to $15 bn by 2015
The Economic Times, 16 August 2010
Canada has identified India as a priority market in its global commerce strategy and committed to increase its bilateral trade with the country to $15 bn by 2015. More…
India inflation eases to 10 percent on good rain
Bloomberg Businessweek, 16 August 2010
India’s headline inflation eased to 10 percent in July as ample rainfall cooled food prices and the nation’s breakneck industrial expansion returned to more normal levels, government figures showed Monday. More…
India vows to fight liberal import of used goods
The Economic Times, 16 August 2010
India has opposed suggestion by some developed countries for more liberal trade in remanufactured goods or refurbished old products fearing it could harm the country’s domestic industry and also have environmental ramifications. More…
Money in the bag – Indian trade links under scrutiny
The Sydney Morning Herald, 16 August 2010
The government has put enormous ministerial and diplomatic effort for more than 10 years into getting the Reserve Bank’s polymer banknotes into India, the world’s biggest cash economy. More…
India wants Iran gas: ambassador
Tehran Times, 16 August 2010
We have had long relations with Iran in the field of energy and we are interested in buying gas from Tehran, the Indian ambassador to Tehran said. More…
India’s commercial interests vs the Kashmir dispute
The Jakarta Post, 12 August 2010
For the first time since taking office, British Prime Minister David Cameron traveled to India in early July, where he was warmly welcomed by his Indian counterpart to cement their friendship, enhance cultural cooperation and boost trade. More…
Alleged dumping of chemicals under lens
Business Standard, 12 August 2010
There has been a rise in investigations by the government into alleged dumping of chemicals and petrochemicals. The ministry of commerce has also got feedback from the ministry of chemicals and fertilisers about heavy dumping of chemicals and petrochemicals by various European countries. More…
India, Egypt trade touches $3 billion
Rediff Business, 11 August 2010
Despite global financial crisis, trade volume between India and Egypt stood at $3 billion in the last fiscal, Indian Ambassador to Egypt R Swaminatan has said. More…
Mumbai oil spill to incur loss USD 4 billion by weekend
MoneyControl, 11 August 2010
Four billion dollar of trade will be lost if the oil spill off the Mumbai coast is not dealt with by the weekend. The situation has already prompted exporters and importers to ask the government for financial relief. More…
India-Latin America trade could touch $30 bn by 2012
The Financial Express, 11 August 2010
India’s trade with Latin America, which increased to $17.2 billion in 2009 from $2.1 billion in 2000, could go up to $30 billion by 2012, given the positive changes in the market and the favourable mindset of the country towards India. More…
India may allow cotton export next season
The Economics Times, 11 August 2010
India plans to resume free trade of cotton from the new marketing season that begins October 1 to let farmers reaping a bumper crop gain from record international prices. More…
India Expresses Concern on ‘Discriminatory’ U.S. Bill
Bloomberg, 10 August 2010
India called a proposed U.S. bill that could double visa costs as “highly discriminatory” and said such a measure will erode the competitiveness of the nation’s software services companies. More…
A stronger Yuan will help India bridge trade deficit with China
Sify, 08 August 2010
India could partly bridge its growing trade deficit with China, which is expected to cross $20 billion this fiscal, as the east Asian country is expected to allow its currency to appreciate more against the US dollar, say economists in a survey by an industry lobby. More…
Pranab reviews growing India-Bangladesh ties
The Hindu, 08 August 2010
Union Finance Minister Pranab Mukherjee made a brief visit to Dhaka on Saturday for talks with Bangladesh leaders on the growing cooperation between the two neighbours. More…
India to ease foreign access to equity markets
Financial Times, 08 August 2010
India is planning to open the country’s equity markets to foreign retail investors in its latest move to reform Asia’s third-largest economy and boost its double-digit growth hopes, people familiar with the matter said. More…
Indo-Pak economic ties discussed
Daily Times, 08 August 2010
“Indo-Pakistan economic relations can be improved through shared-vision, commonality of thoughts and objectives, exchange of R&D, and technology transfer,” stated Vice President of SAARC Chamber of Commerce & Industry, Iftikhar Ali Malik, in his meeting with a group of Indian businessmen in Mumbai on Saturday in presence of immediate Past President, SAARC CCI, Tariq Sayeed. More…
India Show in Johannesburg to push trade with Africa
The Economic Times, 08 Aug 2010
A four-day “India Show” in Johannesburg from Aug 29 will kick off a drive to push trade and economic ties with South Africa and use it to make a major foray into the African continent. More…
UAE is India’s key trade partner in 2009: Indian official
Emirates News Agency, 08 August 2010
Vijaya Latha Reddy, secretary of the Indian Ministry of External Affairs, commended her country’s relations with the Arab World, saying the UAE was India key trade partner in 2009. More…
India more open on trade dialogue than China, Russia: US
The Economic Times, 05 Aug 2010
The US government has said that India is more open to dialogue with it on bilateral trade negotiations than Brazil, China and Russia, although all these countries together need to do more at global level under the Doha round. More…
Raising BSTI capacity to enhance trade with India urged
The New Nation, 06 August 2010
Financial analysts, economists and leading businessmen on Thursday called for capacity building of Bangladesh Standards and Testing Institution (BSTI) for increasing trade and commerce with India. More…
Trade pact worrying India’s drugmakers
Asia Times, 05 August 2010
Their ongoing negotiations remain shrouded in secrecy, but there are already reports that India and the European Union (EU) will have a free-trade agreement ready by the end of August, and that they will be putting signatures to it before the end of 2010. More…
India should use Burma trade as barter
Democratic Voice of Burma, 05 August 2010
Burmese General Than Shwe’s recent visit to India has sparked harsh reactions. Many have berated the world’s largest democracy for openly conniving with an oppressive regime. More…
Seminar on ‘Bangladesh-India Trade: A Close Look’ today
The New Nation, 05 August 2010
A day-long seminar on ‘Bangladesh-India Trade: A Close Look’ will be held in the conference hall of Metropolitan Chamber of Commerce and Industry here today. More…
Tough Indian telecom rules spark foreign backlash
The Associated Press, 04 August 2010
Telecom companies and trade groups are urging India to soften tough new security regulations on foreign telecommunications companies — believed to be aimed at China — which they say could set a troubling global precedent for onerous security norms. More…
In Germany, India has to go a long way to catch up with China
Livemint.com, 04 August 2010
Last year, Sino-German trade was worth €93 billion(around Rs5.65 trillion today) and cumulative German foreign direct investment (FDI) in China was valued at €15 billion; Indo-German trade was valued at €13.1 billion and German FDI in India at €4 billion, according to German statistics. More…
‘Minnesota global village will boost Indo-US trade’
Indian Express, 03 August 2010
Notwithstanding the reservations expressed by US President Barack Obama on outsourcing jobs to India, trade between the United States and India shall continue to grow, said Seann Nelipinath, president and director of India Chamber of Commerce, an association of Indian business in Minneapolis. More…
Indian envoy to China calls for more trade and investments
DNA, 03 August 2010
The best way to reduce the trust deficit between India and China is to respect each other’s core interests, India’s top enovy in Beijing said today as he pitched for more trade, investments and openings for Bollywood movies here to enable it to reduce the huge trade deficit. More…
Latin America should embrace India trade, says IDB
Buenos Aires Herald, 03 August 2010
Latin America sends only 0.9 percent of its exports to India, a commodity-hungry country that should be a major growth engine for the region, the Inter-American Development Bank said in a report. More…
Pakistan set to allow 22 more Indian products
The Express Tribune, 03 August 2010
Pakistan is considering allowing import of 22 more items from arch-rival India by shrinking the list of banned products in the upcoming trade policy. More…
Bitter pill for India-EU trade ties
Livemint.com, 02 August 2010
The ongoing negotiations between India and the European Union (EU) on a broad-based bilateral trade and investment agreement (BTIA) have seen differences emerge in a number of critical areas, including those on intellectual property rights. More…
India’s Q1 trade deficit rises over 37 per cent to $32.27 billion news
Domain-b, 02 August 2010
India’s trade deficit rose 37.45 per cent to an estimated $32.267 billion in the April-June 2010 quarter from $23.475 billion in the April-June 2009 quarter. More…
India, Argentina to cooperate in agriculture
Sify, 02 August 2010
India and Argentina Monday agreed to step up technical and professional cooperation in the agricultural sector and foster trade in plants and animal products between the two countries. More…
Pak-India trade stuck in controversies
The Express Tribune, 02 August 2010
The dream of full-fledged trade relations between Pakistan and India still seems distant as half-hearted efforts and hollow promises have not helped push the economic relations forward. More…
India-China trade USD 32 bn in 6 months; Eco wing in offing
The Economic Times, 01 August 2010
Government has decided to set up an economic wing in its diplomatic mission in Beijing in the next six months, signifying the growing financial clout of China which is set to become India’s largest trading partner by this year-end. More…
Cameron & Co woo India as demand for retail goods rockets
The Independent, 01 August 2010
India has been a cheap supplier of goods to the West in recent decades, but as its own economy grows, the direction of trade is turning. More…