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Sushma Swaraj leaves on a two-nation visit of Egypt, Germany

Aug 23, 2015 at 12:46 | Source: FirstPost

New Delhi: External Affairs Minister Sushma Swaraj on Sunday embarked on a two-nation tour of Egypt and Germany which is expected to see new vistas being opened in bilateral ties with particular focus on boosting trade and investment.Egypt will be fi...

Monsoon concerns: Moody's cuts Indias 2015 GDP growth forecast to 7%

Aug 18, 2015 at 12:45 | Source: FirstPost

Mumbai:Moody's Investors Service cut its forecast for Indias economic growth to around 7 percent this year from 7.5 percent because of lower-than-expected rainfall in the ongoing monsoon season, the ratings agency said on Tuesday.Moody's maintained i...

India, EU working to end trade dispute over generic drugs

Aug 17, 2015 at 13:47 | Source: FirstPost

India and the European Union are taking steps to end a trade row sparked by an EU ban on Indian pharmaceutical products that New Delhi responded to by cancelling talks on a free trade accord with its largest trading partner, officials said.The PMO wr...

ECB frets over risks from China, Fed rate hike| Reuters

Aug 14, 2015 at 01:45 | Source: FirstPost

FRANKFURT Volatility in Chinese markets may have more impact than expected on the euro zone's fragile economy, and an increase in U.S. interest rates might also slow its recovery, the European Central Bank said in the minutes of its last meeting.Econ...

Will yuan devaluation, lower inflation prompt RBI to expedite rate cut?

Aug 12, 2015 at 21:56 | Source: FirstPost

The rupee has been fairly stable in the region of 63.75 in the last few weeks with FII flows being positive and the only disturbance being caused by the news of the US Federal Reserve increasing interest rates.However, on the 11 August the People's B...

Unease of doing business: Modi's 'port-led' export drive leaves hinterland stranded

Aug 06, 2015 at 10:46 | Source: FirstPost

Mumbai's commercial seaport, which handles over half the container traffic through India's major ports, is doubling capacity as Prime Minister Narendra Modi seeks to build an export powerhouse.The expansion, due to be completed in seven years, can't ...

Global banks to steer clear of Iran until sanctions finally go| Reuters

Jul 17, 2015 at 00:15 | Source: FirstPost

LONDON/FRANKFURT International banks and most insurers are likely to steer clear of dealing with Iran for some time, fearing they could face more fines from U.S. regulators despite this week's nuclear deal between world powers and Tehran.With almost ...

Exclusive - U.S. upgrades Malaysia in annual human trafficking report| Reuters

Jul 09, 2015 at 06:45 | Source: FirstPost

WASHINGTON The United States is upgrading Malaysia from the lowest tier on its list of worst human trafficking centres, U.S. sources said on Wednesday, a move that could smooth the way for an ambitious U.S.-led free-trade deal with the Southeast Asia...

Asia's exporters struggle to cope with a changing global economy| Reuters

Jun 23, 2015 at 02:45 | Source: FirstPost

JAKARTA In the good old decades, many Asian governments could stick to a simple economic strategy - ramp up exports, and reap solid growth rates.Now, export-led growth no longer serves the region well and Asia is struggling to overhaul that economic ...

HSBC job cuts: Indian operations likely to see minimal impact, surprise benefits

Jun 10, 2015 at 11:33 | Source: FirstPost

Even though British lender HSBC on Tuesday announced a mega plan to improve performance by culling up to 25,000 jobs globally, the impact of the global exercise is expected to be minimal for its operations here and some surprise benefits may also com...

GDP at 7.3%: India's economy has improved, but one wrong step can spoil things

May 30, 2015 at 20:30 | Source: FirstPost

So the Narendra Modi government gets a nice anniversary present. Three days after it completes one year in office, numbers put out by the Central Statistical Office (CSO) show the economy grew 7.3 per cent in 2014-15 against 6.9 per cent in 2013-14. ...

GDP at 7.3%: India's economy has turned the corner, but one wrong step could spoil it

May 30, 2015 at 09:22 | Source: FirstPost

So the Narendra Modi government gets a nice anniversary present. Three days after it completes one year in office, numbers put out by the Central Statistical Office (CSO) show the economy grew 7.3 per cent in 2014-15 against 6.9 per cent in 2013-14. ...

Euro zone economy picks up pace but Germany lags| Reuters

May 14, 2015 at 01:45 | Source: FirstPost

BRUSSELS A slowdown in Germany weighed on the euro zone in the first quarter, but the bloc's economy still grew at its fastest in almost two years as cheap food and fuel boosted spending and a central bank stimulus programme kicked in.Gross domestic ...

Top sugar producing state Maharashtra approves export subsidy - source| Reuters

May 12, 2015 at 23:30 | Source: FirstPost

MUMBAI India's biggest sugar producing state, Maharashtra, approved a subsidy of 1,000 rupees per tonne for raw sugar exports, a senior state government official said, in an attempt to reduce inventory that has depressed local prices.Exports from Ind...

PM Modi hard sells India to 'movers and shakers' of German economy in Hannover

Apr 12, 2015 at 20:46 | Source: FirstPost

Hannover: Prime Minister Narendra Modi on Sunday met top German business leaders in Hannover and told them about steps being taken by his government to ensure the ease of doing business in India.The Prime Minister outlined the steps at a roundtable w...

Break from the past: NDA seeks to overhaul India's foreign trade with new policy

Apr 02, 2015 at 10:18 | Source: FirstPost

The Narendra Modi-led NDA government's first foreign trade policy is being hailed as an attempt to overhaul India's exports by integrating the prime minister's Make in India and Digital India initiatives. The underlying theme of the policy is also im...

Make in India push for exports: NDA's foreign trade policy sets $900 bn target by 2020

Apr 02, 2015 at 09:46 | Source: FirstPost

New Delhi: Aiming to nearly double India's exports of goods and services to $900 billion by 2020, the government on Wednesday announced several incentives in the five-year Foreign Trade Policy for exporters and units in the Special Economic Zones.Unv...

Make in India push for exports: NDA's 1st trade policy sets $900 bn target by 2020

Apr 02, 2015 at 07:40 | Source: FirstPost

New Delhi: Aiming to nearly double India's exports of goods and services to $900 billion by 2020, the government on Wednesday announced several incentives in the five-year Foreign Trade Policy for exporters and units in the Special Economic Zones.Unv...

FTP proposes new institutions to boost global trade

Apr 01, 2015 at 21:27 | Source: FirstPost

New Delhi: The new Foreign Trade Policy unveiled today proposed setting up of a host of institutions, including Trade Council and National Committee on Trade Facilitation, to improve India's share in global trade and implement of WTO obligations.The ...

Free Trade Policy offers sops for exporters, govt eyes $900 bn exports by 2020

Apr 01, 2015 at 21:12 | Source: FirstPost

New Delhi: Aiming to nearly double India's exports of goods and services to $900 billion by 2020, the government on Wednesday announced several incentives in the five-year Foreign Trade Policy for exporters and units in the Special Economic Zones.Unv...

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