December 2010

The great power test

Indian Express, 30 December 2010
If India’s diplomatic run in 2010 saw significant advances in relations with all the great powers, the coming year will test India’s foreign policy on a range of issues.

More sops for exports in mid-Jan: Sharma

The Economic Times, 24 December, 2010
The government will announce more sops in mid-January for the export sectors that continue to languish in the global market, commerce and industry minister Anand Sharma has said.

Export reopening hope keeps up cotton prices

The Business Standard, 24 December, 2010
Cotton prices remained high on Thursday due to the expected demand from exporters, who are waiting for fresh export registration to begin in the middle of next month. Shipments are expected from February 1.

Fresh registration for cotton exports to begin in January

Business Standard, 23 December 2010
The registration for exports of the remaining 2.5 million bales (1 billion = 170 kgs) of cotton – the total allocation was for 5.5 million bales – is likely to start in the first week of January.

Cancun climate change meet Sans concrete initiative‚ talks move

The Himalayan Times, 23 December 2010
More than fifteen thousand people gathered on the beach at Cancun of Mexico for the first two weeks of November‚ discussing about the changing climate on the earth‚ which doesn’t have any option till date.

East Asian diplomacy: India a bit short-staffed

Business Standard, 21 December 2010
India needs to develop and dispatch more human resources to the South Asian and East Asian region in order to bolster its ‘Look East’ policy and increase its engagement with a neighbourhood that has significant Chinese influence, Singapore’s foreign minister George Yeo said.

Riding on recovery, foreign trade galloped

Deccan Herald, 21 December 2010
Buoyed by increasing global demand for Indian merchandise, the country’s exports in the fiscal 2010-11 is expected to comfortably cross the target of $200 billion, even as there are lurking fears that ongoing escalation of Euro crisis may affect the growth momentum of the external trade.

Govt gives more time to cotton exporters to exhaust the limit

Business Standard, 20 December 2010
In a bid to calm the flared up cotton market, the government today gave exporters more time to exhaust the permissible shipment limit of 55 lakh bales, saying that there has been no change in the ceiling for the current year.

DGFT to again authorise cotton exports; revised rules coming

Business Standard, 18 December 2010
The Directorate General of Foreign Trade (DGFT) has taken back the power for registration, inspection and clearance of cotton exports from the Textile Commissioner under the textile ministry. DGFT works under the commerce ministry.

India, China agree to continue cooperation on climate change

Sify News, 15 December 2010
India and China Thursday agreed to continue their consultations on climate change negotiations and strengthen bilateral cooperation in green technologies.

Govt allows 8,200 tonne sugar export to US in FY11

Business Standard, 15 December 2010
With production likely to exceed demand, India today allowed exports of 8,200 tonnes of raw sugar to the US as India in 2010-11 season ending September.

California to adopt ‘cap and trade’ to combat climate change

Mercury, 15 December 2010
Taking the lead where Washington has wavered, California on Thursday is expected to adopt the nation’s most ambitious plan yet to curb global warming.

GoI should allow Pakistan to export more items to India: Pak chambers

Business Standard, 13 December 2010
In order to increase bilateral trade between India and Pakistan, various industry chambers in Pakistan feel the Indian government should allow more items to be imported from Pakistan through Attari Road, Wagah (Amritsar).

Ethiopia invites farmers from region

Indian Express, 13 December 2010
Claiming that there is a lot of scope for trade and investment in Ethiopia, Mehreteab Mulugeta, Minister Councilor (II), Economic and Business, Ethiopia, said participation in the Punjab International Trade Expo (PITEX) 2010.

Oct exports jump 21.3 pc to USD 18 billion

The Economic Times, 01 December 2010
India’s merchandise exports rose 21.3 per cent to USD 18 billion in October over the year-ago period, boosting hopes that the USD 200-billion target for the current fiscal will be met.

Centre declares Srinagar, Anantnag as ‘Export Excellence towns’

The Economic Times, 01 December 2010
Set to give boost to export of goods from Jammu and Kashmir, Centre has declared Srinagar the summer capital and Anantnag district as “towns of export excellence” in terms of Foreign Trade Policy (FTP).

On opening day, ‘Cancun can’ is the buzzword

The Hindu, 01 December 2010
The opening day of the U.N. climate change conference on Monday laid great emphasis on achieving a package of decisions at the end of the 10-day deliberations.

Nation targets 5% poverty rate by 2020

Viet Nam News, 01 December 2010
Viet Nam aims to reduce the poverty rate to five per cent or less by the beginning of the next decade from the current estimated rate of 9.45 per cent under a draft resolution on directing sustainable poverty reduction during the 2011-20 period.

India’s Foreign trade Data: October, 2010

Press Information Bureau, 01 December 2010
India’s exports during October, 2010 were valued at US $ 17960 million (Rs. 79763 crore) which was 21.3 per cent higher in Dollar terms (15.3 per cent higher in Rupee terms) than the level of US $ 14806 million (Rs.69175 crore) during October, 2009.