February 2015

India`s exclusion from mega trade pacts is worrisome: Eco Suvey

Business Standard, 28 February, 2015
Sluggish growth in manufacturing as well as services exports, coupled with India s exclusion from the mega regional trade pacts the US and Europe are negotiating with other Asian economies, will adversely impact the Indian economy, slowing export buoyancy even further, according to the Economic Survey.

India s tea market estimated to be worth approximately Rs 10,000 crore

FnB News, 26 February, 2015
The market size of tea is estimated to be approximately Rs 10,000 crore, with a penetration of more than 90 per cent in the domestic market. With an export of approximately 210 million kg of tea, India stands as the fourth-largest exporter of tea in the world, with China at the top. About 72 per cent of the country s tea sector is organised.

U.S. Asks India to Remove Obstacles in Bilateral Trade

SiliconIndia, 24 February, 2015
The U.S. wants India to remove obstacles in the way of boosting two-way trade with reforms, more openness of economy, ease of doing business and by giving confidence to investors.

Earnings and GDP data contradictory

Business Standard, 22 February, 2015
With the new GDP series from late January, Budget likely to have factored in sub-par growth.

Vijaya Bank extends Rs. 60 lakh loan to women entrepreneurs

Eastern Mirror Nagaland, 20 February, 2015
In a major step towards uplifting entrepreneurship, Vijaya Bank today provided Rs. 35 lakh to seven Self Help Groups promoted by Entrepreneurs Associates (EA) Nagaland while also extending loans of Housing & Retail trade of Rs. 25 lakh to women entrepreneurs.

BRICS bank should be operational by Aug 2016: Business Council

DNA India, 19 February, 2015
Business leaders of the BRICS nations are expecting the New Development Bank to be operational by August 2016, which is aimed at boosting infrastructure, logistic and connectivity and trade ties among the member countries.

NEDA, World Bank to assess natural wealth

Manila Standard Today, 18 February, 2015
The National Economic and Development Authority and the Philippine Statistics Authority have teamed up with the World Bank to establish a national account on natural resources.

India s share of organic food products to touch 2% by 2020

Financial Express, 17 February, 2015
With increasing per capita income and the emerging middle class demanding safe food products, India s share of organic food products is expected to touch atleast two per cent by 2020 predicted Dr Lorenzo Boni, project manager assistant, Bioagri Coop.

Bankers are right in asking for priority sector lending status for renewable energy

First Post, 16 February, 2015
Senior bankers have pitched for separate, priority sector lending status to the renewable energy given the massive fund requirement the sector needs over the next seven years (an estimated Rs 7.5 lakh crore) and the absence of adequate, alternative funding channels.

UN Geneva Talks End With Draft Text For Climate Deal, Negotiations To Continue In Paris

International Business Times, 14 February, 2015
U.N. negotiations in Geneva on Friday produced an early draft negotiating some of the terms for the climate summit in Paris, next December.

NHPC willing to hand over Bursar project to J&K

Rising Kashmir, 13 February, 2013
The National Hydroelectric Power Corporation (NHPC) has expressed its willingness to hand over the 1020 MW Bursar Hydroelectric power project to the state government for generation of electricity.

Chambers sign pact to boost trade with Lanka

The Hindu Business Line, 10 February, 2015
The Indian Merchants Chamber and the National Chamber of Commerce of Sri Lanka have signed a memorandum of understanding to promote bilateral trade and investments in both the countries.

Our association with India has been excellent: ADB s Bindu Lohani

Live Mint, 09 February, 2015
Lohani hopes Asian Development Bank to participate in the country s plans for skill development, smart cities, clean energy and climate change mitigation.

Gov`t investment forum to highlight sustainable agriculture opportunities

Rappler.com, 08 February, 2015
DENR is hosting an investors forum to showcase sites and opportunities in key biodiversity areas.

KoPT averse to subsidise inland waterways cargo

PTI, 08 February , 2015
Kolkata Port Trust is not enthusiastic on inland water cargo movement considering its low revenue benefits.

More big businesses push for stricter environmental regulations

The Guardian, 5 February, 2015
A growing number of companies are realizing that there are significant commercial opportunities for businesses that are prepared to address today s global challenges, and the right policy frameworks can make a huge difference.

IRRI s regional seed cooperation agreement speeds up release of rice varieties in South Asia

Oryza.com, 4 February, 2015
The regional rice seed cooperation agreement between India, Bangladesh and Nepal, launched by IRRI is speeding up the release of rice varieties in these countries.

Lending circles, an immigrant tradition, seen as new stepping stone to American dream

Cleveland.com, 4 February, 2015
The Asian Services in Action, a non-profit group that works with refugee families in Cleveland and Akron is helping Nepali-speaking Bhutanese communities to form chit-fund lending circles.

World has not woken up to water crisis caused by climate change – IPCC head

Reuters, 3 February, 2015
Water scarcity could lead to conflict between communities and nations as the world is still not fully aware of the water crisis many countries face as a result of climate change, the head of the U.N. panel of climate scientists warned on Tuesday.

Sri Lanka president to visit India to deepen bilateral ties

Xinhuanet, 3 February, 2015
Sri Lanka President Maithripala Sirisena will visit India mid-February since being elected early last month, local media reported Tuesday.

Ending Hunger in Africa

Independent European Daily Express, 01 February, 2015
While Africa’s economies are among the world’s fastest growing economies, hundreds of millions of Africans are living on or below the poverty line of 1.25 dollars a day, a principal factor in causing widespread hunger.

Trade ties between Sri Lanka and India to be further strengthened

Sri Lanka Broadcasting Corporation, 01 February, 2015
Deputy Indian High Commissioner in Sri Lanka Arindam Bakshi says a high level Indian business delegate will visit Sri Lanka to expand trade relationship between the two countries.