Targeting a two-way trade of USD 100 billion by 2015, India and ASEAN will formally declare conclusion of negotiations for their ambitious free trade agreement to liberalise trade in services and investments, on December 20 coinciding with their summit.
India said it is hopeful of concluding the final discussions for a free trade agreement on services and investments with ASEAN members in time for next week's summit.
President Barack Obama and southeast Asian leaders launched an initiative aimed at expanding trade and investment ties between the United States and 10 countries in southeast Asia, the White House said on Monday.
India is prepared to conclude the Free Trade Agreement in Services and Investment with ASEAN by next month, which will send a strong signal of deepening economic engagement, Prime Minister Manmohan Singh announced here today.
Japan warned on Monday that a row over the South China Sea could directly influence "peace and stability" in Asia as the Philippines publicly disagreed with Cambodia over the contentious territorial issue at a regional summit.
Southeast Asian nations displayed a rare show of unity on Sunday against China's sweeping maritime claims, calling for the first formal talks with Beijing over a sea dispute that has raised tensions and exposed deep divisions in the region.
Leif Eskesen, Chief Economist for India & ASEAN, HSBC believes the RBI might throw up a surprise. But, there is a probability of holding rates this time as well, he opined.
India Yamaha Motor (IYM) aims to sell 10 lakh units by 2014 and subsequently touch 28 lakh by 2018, a top company official said today.
India on Tuesday announced a revolving fund with an annual contribution of USD 1 million for short gestation projects in Cambodia, Lao, Myanmar and Vietnam as part of its efforts to reinvigorate its ties with the four ASEAN countries.
Projects worth over USD 70 million are being processed to enhance people to people contact and institutional connectivity between India and the ASEAN grouping, External Affairs Minister S M Krishna today said.
India invited to attend ASEAN-AIPA General Assembly next month
Southeast Asian states sought to save face on Friday with a call for restraint and dialogue over the South China Sea, but made no progress in healing a deep divide about how to respond to China's growing assertiveness in the disputed waters.
As Philippine Foreign Minister Albert del Rosario began to raise the sensitive issue of the South China Sea at one of last week's Asian summit meetings, his microphone went dead.
Australian companies' fortunes faded even faster than those in recession-hit Spain over the last month, dragged down by a slowing Chinese economy that is also hurting companies in Taiwan and Hong Kong, Thomson Reuters StarMine data shows.
Leif Eskesen, Chief Economist for India and ASEAN, HSBC estimated India's index of industrial output or the IIP numbers to be 3.6%. However, beating expectations, industrial output grew at 2.4% in May 2012. He also estimates inflation for June at 7.6%.
Futoshi Niizuma will assume responsibility for sales, marketing and business development for South Asia in addition to his existing responsibilities as representative director of Nippon Seagate.
Dismal Q4 GDP numbers of 5.3% were announced on Thursday and the GDP for FY12 stood at 6.5%. In an interview with CNBC-TV18, Leif Eskesen, Chief Economist for ASEAN and India, HSBC said policy paralysis in India is not new and its effects are just being felt now.
Myanmar's authorities need to keep calm and avoid violence in the face of protests against power outages and should view them as a natural stage in a transition from military rule to democracy, the head of the ASEAN grouping said on Thursday.
Southeast Asian nations are swallowing an outflow of money from India, as foreign investors lose patience with its policy paralysis and slowing growth.
Myanmar is set for economic take-off and faces an historic opportunity to launch growth that would lift living standards - if it pursues the right policy mix, the IMF said on Monday.
In an interview to CNBC-TV18, Bobby Rakhit, CEO, Inside Consulting says the uncertainty will continue to play out in global markets for the next three months or so leading to some correction.
China has once again warned India against exploring oil in the South China Sea. The warning came a day after China lost ground on the issue at the ASEAN summit that ended in Cambodia on Wednesday.
China plans to let tourists visit the disputed Paracel Islands in the South China Sea, according to official comments reported on Thursday that could add another irritant to Beijing's maritime tensions with Vietnam and other neighbours.
Prime Minister Manmohan Singh and his Pakistani counterpart Yousuf Raza Gilani today exchanged pleasantries, their second informal chat in two days at the Nuclear Security Summit here.
Myanmar's generals were looking for a chance to improve ties with the United States. A disturbed American gave them one in May 2009, when he swam across Yangon's Inya Lake on "a mission from God" to rescue Aung San Suu Kyi.