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 ieport Home : ieport Daily News Home : February 2007
The Centre on Thursday announced a ban on milk powder exports till September 30. The ban covers skimmed, whole and all other types of milk powder, but not casein, an official spokesperson clarified.The decision, taken at a meeting of the Cabinet Committee on... (Read Article)
The industrial sector today fielded one of the top Indian companies to convey to the Government the need for imposing an anti-dumping duty or countervailing duty on import of Chinese equipment.Speaking in the context of the manufacturing sector, at a World... (Read Article)
Foreign investors with major planned investments are getting nervous about the proctracted delays in clearing special economic zones (SEZs) in India .Several of them, including the Singapore government,Taiwan-based Foxconn and Sri Lanka’s Brandix, have in recent... (Read Article)
TRADE NOTICE NO. 02/AM07, DT. 02/02/2007Benefits in respect of exports made under DFIAAttention is invited to para 4.4.7 of the Foreign Trade Policy which states as under:No CENVAT credit facility shall be available for inputs either imported or procured indigenously... (Read Article)
As the International Olive Oil Council explores its mandate to increase the production and consumption of table olives and olive oil in world markets, even while keeping a strict eye on the quality, for 2007 its Promotion Division will target the Indian market,... (Read Article)
India’s edible oil imports are expected to rise by 11% in February from the month before on the back of tighter domestic supplies, a Reuters survey showed on Thursday.India, the world’s second-largest importer, is likely to buy 3,10,000 tonnes of edible oils... (Read Article)
In some of India’s rugged rural expanses where traditional agriculture is a thankless pursuit, farmers have begun cultivating a hope for the blossom of love around the world; so they can sell flowers to the enamoured.And February 14 is their tryst with profits.Come... (Read Article)
The White House has said the civilian nuclear agreement with India is "exceedingly important" to the United States even as it increasingly sees New Delhi as a "vital and important" partner in matters such as Doha Round of trade talks.".... this is exceedingly... (Read Article)
India has just upped the ante in its frosty trade relationship with Pakistan.The country has submitted a list of trade barriers posed by Pakistan on exports from India to the South Asia Association for Regional Cooperation (Saarc), the body overseeing implementation... (Read Article)
The Federation of Indian Export Organisations (FIEO) has urged the Government to extend the duty entitlement passbook (DEPB) scheme without any terminal date.The Revenue Department had specified that the DEPB scheme, which serves over 50 per cent of the country's... (Read Article)
BEIJING: China, set to overtake the United States as the world's largest carbon dioxide emitter, will soon set up Asia's first carbon-credit exchange in Beijing, allowing the country a head-start in the multi-billion-dollar global carbon market.The exchange... (Read Article)
SAO PAULO: France's international trade minister has said she holds little hope that moribund World Trade Organisation talks can be revived and produce an agreement in the short term.Asked whether the talks could be wrapped up in three months, Christine Lagarde... (Read Article)
New Delhi Feb 11, The Agricultural and Processed Food Products Export Development Authority (Apeda) has decided to restructure the organisation on the basis of focus products and markets, and is mulling options such as outsourcing some core activities, facilitating... (Read Article)
Chennai Feb. 11 Tea exports topped the 200-million kg (mkg) mark after a gap of three years in 2006, while production scaled another fresh peak of 955.9 mkg on the back of a nearly 10 per cent rise in output in West Bengal.According to the latest data from... (Read Article)
Faced with record trade deficits and intense competition from rapidly growing China and India, US President George Bush has made a fresh pitch for breaking down trade barriers and energising global trade talks.Free-trade policies making it easier for US companies... (Read Article)
Mumbai: India replace Canada to become China's 10th-largest trading partner in January this year, as the monthly two-way India- China trade zoomed 63 per cent to $2.63 billion for the month, latest data from Chinese customs show.Canada-China trade volume stood... (Read Article)
KOLKATA: The Italian textile delegation is planning to enter into joint ventures with local domestic companies to export garments in India.India is the 52nd country to import textile items at 46 million Euro and so plans are on to tie up with other Indian companies... (Read Article)
The government is likely to cut a third of peak import duties from 12.5% to bring them more in line with ASEANNEW DELHI: India is likely to slash import duties in its annual budget next week as it seeks to curb rising prices, but is unlikely to alter corporate... (Read Article)
New Delhi: A sudden spurt in inflation, which has clearly taken policymakers by surprise, threatens to upset finance minister P. Chidambaram and his team’s plans and big ideas for Budget 2007-08, to be unveiled in a week.Can he win the battle against high inflation... (Read Article)
NEW DELHI: India, the world’s second-biggest buyer of vegetable oil after China, may cut import taxes on the commodity for a second time in five weeks to boost supplies and curb inflation that’s at a two-year high.Finance Minister Palaniappan Chidambaram may... (Read Article)
Organisations opposed to theSpecial Economic Zone policy have joined hands for a concerted national campaign.NEW DELHI:Regional battles over land, especially farm land, being acquired for industrial projects are about to go all-India in a big way.A slew of... (Read Article)
New Delhi: With the government freezing further approval and notification of special economic zones (SEZ), companies that want to locate their units in these are having to pay more money to secure slots in the 63 zones that have been notified, or even in those... (Read Article)
The US has said it would like India to be more active in concluding the Doha round of WTO, but stopped short of pinning full blame on New Delhi for the tardy pace of the multilateral trade talks.India ''tends to be less inclined to be a proactive contributor...... (Read Article)
Kolkata Feb. 23 India's trade with the 10-member ASEAN Bloc plus Australia and New Zealand is expected to surpass the target of $30 billion by the end of 2007.--------------------------------------------------------------------------------`05-06 exporters data... (Read Article)
New Delhi Feb. 25 Buying bread may in the coming days turn out to be a costlier affair for consumers in the Capital, with the Revenue Department actively looking to slap excise duty notices on the `dough' used for the manufacture of breads.Although breads,... (Read Article)
Chennai Feb. 25 Valentine's Day has got over two weeks ago and its time to weigh the results. We are talking business, not love. Cut flowers, particularly roses, can spell fortune for investors sniffing for opportunities. Let's look at the sector first.The... (Read Article)
Speaking at a press conference on February 26, 2007, India’s Minister for Commerce Kamal Nath informed that India wants to raise imports from Nepal. He is visiting the country to attend South Asia Free Trade Area Agreement (SAFTA) Ministerial Council meeting.India... (Read Article)
KATHMANDU: Pakistan's non-compliance with the provisions of the South Asian Free Trade Agreement (SAFTA) has "fractured" the solidarity among member states, India on Monday said while urging Islamabad to comply with the deal."Pakistan has not complied with... (Read Article)
NEW DELHI: India Inc may soon lose the freedom of saving on tax by investing through special purpose vehicles (SPVs) registered in Mauritius. The Indian Ocean nation is all set to tighten its laws to prevent abuse of the tax treaty with India and check ‘round... (Read Article)
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