Anand Sharma to sign new trade treaty with Nepal
The Times of India, 21 October 2009
Indian commerce and industry minister Anand Sharma is arriving in Nepal on Tuesday to ink the new India-Nepal Trade Treaty that will now get a seven-year shelf life instead of the earlier five with the provision to have it automatically extended every seven years.
Indonesian shock for Indian power plants
Business Standard, 21 October 2009
India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdles if Indonesia, the second largest supplier of thermal coal, goes ahead with plans to cap coal exports to serve domestic demand.
Facilitating trade finance essential for achieving India’s FTP goals
DNA, 14 November 2009
The Foreign Trade Policy (FTP) for 2009-2014 has set an ambitious target of doubling India’s share of global trade in goods and services by 2020 from 1.6% in 2008. The country’s total external trade was $670 billion in 2008, equivalent to 55% of its GDP. Clearly, for the target to be achieved, the total trade in dollar terms needs to increase considerably.
Trade Key To Africa’s Future
Voice of Africa, 14 November 2009
“For too long,” said U.S. Secretary of State Hillary Clinton, “Africa has been viewed as a charity case instead of a dynamic continent capable of becoming a global economic engine of the 21st century.”
UN expresses worry over urbanisation in developing countries
Next, 06 October 2009
Recent statistics have shown that over 70 per cent of Nigerians live below poverty line and most of these are slum dwellers, the chairperson of the Federation for the Urban Poor, Tonye Edith Ibine, has said.
India to contribute to WB facility for developing nations
Business Standard, 06 October 2009
India will soon contribute to the World Bank financing facility to promote development in developing countries through exchange of expertise in areas like poverty alleviation, information technology and targeted subsidies.
Good news about FDI
Live Mint.com, 06 October 2009
There are two positives in the rise of FDI: The short-term advantage is that there is a far more stable way to fund India’s current account deficit. The long-term advantage is that more capital is available for domestic investment.