Thursday, April 3, 2008

Rice Hikes To Record Price

by Rohan Parker

Due to Asian governments restricting how much rice and corn is exported in an effort to ensure enough for the domestic market, international speculation has arisen which points to global demand being higher than supply in the months ahead. Subsequently, the price of rice is up to a record high and corn is almost breaking [...]

Indian government grants record number of patents

by Jo Black

The Indian Patent Office has granted a record number of 15,262 patents during the financial year 2007-08. This is more than double the number of patents granted (7539) during the previous year and almost eight times the number of patents granted just three years ago in 2004-05 (1911). The number of patents granted during 2007-08, [...]

Indian Railways makes 65% of its revenue from goods traffic

by Jo Black

The turnaround growth story of the Indian Railways, the largest public sector enterprise, has been highly dependent on coal and iron ore for export, the freight earnings arising from which account for maximum of one third its total revenues, according to findings of The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
In an [...]

Indian delegation to meet Singapore Prime Minister

by Jo Black

A high powered delegation of Indian political and business leaders, led by the Indian Commerce Minister Kamal Nath, Tourism Minister Ambika Soni and Sunil Mittal, CII President visit Singapore from 4-7 April 2008 as part of the Incredible!India @60 event, organised jointly by the Government of India and the Confederation of Indian Industry (CII). [...]

Wednesday, April 2, 2008

Seven Week Hike In Asian Stocks

by Rohan Parker

Technology companies and banks led the way up in the stock market to a seven week high, which has been fueled by rumors that financial companies are going to soon break free of the current credit market crisis which will lead to much more stable economic growth.
Both Australia’s number one investment bank, Macquarie [...]

India’s exports up by 35.25% during February 2008

by Jo Black

India’s exports during February, 2008 were valued at US $ 14237.43 million which was 35.25 per cent higher than the level of US $ 10526.67 million during February, 2007. In rupee terms, exports touched Rs.565.69 billion, which was 21.7 per cent higher than the value of exports during February, 2007. Cumulative value of exports for [...]

Indian industry has responded to the PM s call for inclusion: CII

by Jo Black

Indian Industry has responded to the call of the Prime Minister, said Dr Jamshed J Irani, Chairman, Council for Affirmative Action, CII and Director, Tata Sons. Reporting back on the progress made by CII members on the Affirmative Action work in the last one year, post the targets that were announced earlier, Dr Irani said [...]

Complete Govt. intervention needed to contain price rise: ASSOCHAM

by Jo Black

Besides, relaxation in import duties of edible oil and other commodities, what is now required is the total government intervention so that the sky rocketing prices of commodities including grains are brought down gradually, says The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
The ASSOCHAM President, Mr. Venugopal N. Dhoot said that the [...]

Tuesday, April 1, 2008

SAFTA to accelerate intra-regional trade

by Jo Black

South Asian Free Trade Area (SAFTA) provides a good opportunity for increasing the regional trade in South Asia, and South Asian business should diversify and look at the opportunities within the region, particularly in view of the current slowdown in US and global economy.
This was stated by Indian Commerce Secretary G K Pillai during the [...]

India seeks Swedish cooperation in higher education

by Jo Black

During the bilateral meeting between Mr. Kamal Nath, Indian Minister of Commerce & Industry and the visiting Swedish Minister of Foreign Trade, Ms. Ewa Bjorling, here, Mr. Kamal Nath informed that India is seeking active cooperation in the field of higher education. He further mentioned that India and Sweden have identified complementarities in high-tech areas [...]

DEPB scheme extended till further orders

by Jo Black

Indian federal government has announced that the Duty Entitlement Pass Book (DEPB) Scheme, one of the most transparent exporter-friendly Scheme, was valid for shipments upto 31-03-2008, has been extended till further orders.
This will facilitate shipments to be allowed under the Scheme by the field formations of Customs even beyond 31/03/2008.
Further, the DEPB rates [...]

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