August 2016

India, U.S. Eye Bilateral Trade Worth $500 Bn: Report

Silicon India, August 29, 2016
MUMBAI: Positioned as a major investment destination to the world, India is targeting to increase its bilateral trade with the US to $500 billion from current levels of little over $100 billion, in the near term. More…

India may sweeten offers for China, Japan, others at RCEP but opposes ‘early harvest’

The Financial express, August 24, 2016
India is considering sweetening its offers for countries, including China and Japan, for liberalisation in goods trade at the 16-nation Regional Comprehensive Economic Partnership (RCEP), provided it is assured of commensurate pledges from others in services trade and investment. More…

President lauds Look East, Act East policies, GST

DD News, August 23, 2016
President Pranab Mukherjee on Tuesday lauded the Centre’s Look East and Act East policies, saying these would open up new areas of opportunities and new markets in ASEAN nations and some other countries, and will benefit entrepreneurs of Eastern India. More…

Reality check on economic growth

The Telegraph, August 22, 2016
World Bank chief economist Kaushik Basu doesn’t believe that a sustained 9 or 10 per cent growth in India’s gross domestic product (GDP) – an aspiration often articulated by the Modi government, more in self-gratulatory pride than deep conviction – is possible, given the current state of the global economy. More…

NAVIC: India’s eye in the sky

Live Mint, August 17, 2016
The indigenous global navigation satellite could boost India’s credentials as a regional collaborative partner. NAVIC (Navigation with Indian Constellation), India’s indigenous global navigation satellite system, is expected to become fully operational from this month. Consisting of a constellation of three geostationary, four geosynchronous and two on-standby satellites, NAVIC will facilitate accurate real-time positioning and timing services over India and the region around it extending to 1,500km. While India is joining a club of global powers—the US, EU, China and Russia—who control their own navigation satellite systems, NAVIC’s reach is regional. This is an auspicious occasion for South Asian cooperation. More…

ADB urges Safta to exploit rich trade potential of member countries

The News, August 16, 2016
ISLAMABAD: Terming ‘weak’ the regional integration in South Asia under South Asian Free Trade Agreement (Safta), the Asian Development Bank (ADB) has estimated that interregional trade possessed potential of jacking up agriculture exports by $14 billion per annum from existing level of $8 billion to $22 billion. More