March 2011

100 % FDI allowed in some areas of farm sector

The Hindu, 31 March, 2011
Tuning the policy norms further to attract declining foreign investment, in a significant development, India on Thursday announced allowing 100 per cent Foreign Direct Investment (FDI) in the agriculture sector.

Imports are a benefit, exports are a cost. Is it clear now?

The Globe and Mail, 31 March, 2011
The old mercantilists viewed trade as a way of favouring exports; the goal of international trade policy was to produce surpluses, and trade deficits were to be avoided.

Duty credit scrips can be used to pay customs duties

Business Standard, 22 March 2011
Permission for part-delivery of an import consignment can be given if the packing list is available container-wise and goods are of a homogeneous nature (raw materials, parts, etc.,) against an application.

India Projects $450 Billion Exports Target By 2014

RTT News, 21 March 2011
The Commerce Ministry, in its draft paper released early this month, has projected India’s exports to double in three years to $450 billion by 2014, provided the shipments grow at a rate of 26 percent per annum.

Ambitious targets for exports

The Hindu, 21 March 2011
Early this month, the Union Commerce Ministry released a draft strategy paper for doubling exports in three years to $450 billion by 2014. The immediate target is to reach $225 billion by the end of this year.

Comprehensive policy needed for direct selling: ICRIER report

Business Standard, 21 March 2011
The government should urgently consider a transparent regulatory environment and a comprehensive foreign investment policy to make ‘direct selling’ a sustainable business, says a report of the Indian Council for Research on International Economic Relations (ICRIER).

Free Trade Isn’t Helping World Poverty

The Huffington Post, 18 March 2011
The propaganda for free trade tells us that not only is it the master key to our own prosperity, but also the master key to lifting the world’s poor out of poverty.

China eyes hi-tech imports

People’s Daily Online, 18 March 2011
China has published a strategy of boosting electronic and mechanical imports during the 12th Five-year Plan period (2011-2015) to improve its innovation competence and ease the trade tension with developed markets.

Central bank move will hurt growth

The Times of India 18 March, 2011
The Reserve Bank of India’s decision to hike key policy rates-repo and reverse repo-by 25 basis points (100 basis points = 1%) each is aimed at containing inflation, which by all indications, is spreading from food items to non-food items now.

MAT leaves SEZs with fewer benefits than outside areas

The Economic Times, 18 March, 2011
The imposition of minimum alternate tax (MAT) on special economic zones could make them unattractive for exporters as incentives available outside will outweigh the tax benefits offered by an SEZ, according to experts.

Why exports need to be robust

The Hindu, 16 March, 2011
The robust export performance in February is attributed primarily to the rebound in demand in the U.S. and a few other advanced economies.

Maharashtra contract labour issue goes to SC bench

Business Standard, Business Standard, 14 March 2011
The status of labourers employed by contractors in industries in Maharashtra has again become a point of deep differences among various benches of the Bombay high court.

Govt aiming to increase exports to $450-bn in 3 years’

The Economic Times, 12 March 2011
In a bid to ensure that the country’s trade deficit does not go up, the government is looking towards doubling exports to USD 450 billion in the next three years, a senior foreign trade official said today.

US to press India for trade opening

Business Standard, 07 March 2011
The US considers India as “one of the most significant” markets for growth and will press New Delhi for promoting “open and transparent”.

India’s $2-trn tryst

Hindustan Times, 07 March 2011
The Indian economy would grow to $2 trillion in 2011-12 joining the elite league of the US, Japan, Germany, China, UK, France and Italy.