November 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.

Urban agriculture: a strategy to reduce poverty

New Era, 30 November 2010
Like in many cities and towns in Africa, the population of Windhoek and many towns in Namibia is growing rapidly and will continue to do so for the foreseeable future.

Rice import deal yet to take off

E Pao, 27 November 2010
Even though deadline for import of 30 metric tonne of rice from Myanmar at zero duty has been extended upto October 1 next year, the possibility of issuing requisite import license is said to be remote.

Patil, Bashar seek upgradation of economic ties

The Hindu, 27 November 2010
India and Syria should take their historic ties to a new level, leveraging their growing importance in the world to each other’s advantage, particularly in the economic sphere.

India extends $416.39 mn as Line of Credit for Sri Lankan projects

The Hindu, 26 November 2010
India, which is assisting Sri Lanka in reconstruction of its war-ravaged northern region, on Friday extended more than $416 million as Line of Credit for building three railway projects in this country.

Fresh round of export sops in Jan

The Economic Times, 26 November 2010
India plans another round of export sops in January next year to help the country’s manufacturers tide over weak demand in their traditional markets such as the US and EU.

India seeks to forge new ventures with UAE

Gulf News, 26 November 2010
President Pratibha Patil called for reactivating the India-UAE Joint Business Council and increasing the frequency of exchange of delegations between apex chambers of commerce and industry in both countries.

India, EU pact won’t be ready before Dec summit, 26 November 2010
Negotiations for a free trade agreement (FTA) between India and the European Union (EU), which began in 2007, cannot be concluded by 10 December, when a summit between the two sides is scheduled to start.

India trade min: on course to cross 2011 export target

Reuters, 25 November 2010
Trade Minister Anand Sharma said on Thursday India was on course to cross the government’s export target of $200 billion for the fiscal year ending March 2011.

Rupee recovers from 2-mth low on export sales

The Economic Times, 24 November 2010
IThe rupee slipped to a fresh two-month low on Wednesday amid an equity market sell-off in late trade on reports of a federal probe into loans issued by financial institutions, while broad dollar gains also weighed.

Trade diplomacy: India presses Pakistan for MFN status

Sify Finance, 24 November 2010
Even as ties between India and Pakistan remain frosty, India Wednesday told a visiting 12-member Pakistani trade delegation that Islamabad should grant New Delhi Most Favoured Nation (MFN) status and called for a five-fold increase in bilateral trade.

Anand Sharma to Address Board of Trade

Press Information Bureau, 24 November 2010
Shri Anand Sharma, Union Minister of Commerce and Industry, will be chairing the Second Meeting of the reconstituted Board of Trade, here tomorrow. Shri Rahul Khullar, Commerce Secretary and Dr. Anup K Pujari, Director General of Foreign Trade (DGFT), will also be attending apart from the Members.

FDI declines 26 per cent in Jan-Sept

Business Standard, 24 November 2010
Foreign direct investment (FDI) inflows into India stood at $15.97 billion in the January-September period, down 26 per cent vis-a-vis the same period last year, according to commerce ministry data.

Climate change could add to global stress

The Sydney Morning Herald, 24 November 2010
Climate change may not directly start conflicts but it could add to existing stresses and tensions, most likely over access to resources, a top British military officer says.

India’s hottest FDI destinations; Maharashtra tops

My, 18 November 2010
India, China and Brazil are the top three target countries for foreign direct investment until the end of 2012 with the United States, for years number one, now in fourth place, the UN trade and development agency UNCTAD said recently.

Scindia presents FIEO Export awards

SME Times, 17 November 2010
Minister of State for Commerce and Industry, Jyotiraditya M Scindia has presented the FIEO Export Awards – Niryat Shree and Niryat Bandhu – to the outstanding exporters, service providers, best performing banks and export promotion organization in New.

Where mutual interests need to converge

The Financial Express, 01 November 2010
The southern Indian city of Chennai with IT industry as one of growth drivers of the state of Tamil Nadu bears out what has turned the corner in India, particularly after dismantling of the ‘License Raj” in the early 1990s.

Pranab for expansion of highways in east, northeast

Business Standard, 01 November 2010
Union finance minister Pranab Mukherjee today batted for the expansion of the national highway network in eastern India, for the development of trade between major countries in the region.