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 ieport Home : ieport Daily News Home : March 2007
New Delhi, Mar 1 The country's export growth slowed down to 14.08 per cent during January 2007 to 9.64 billion dollars, while imports rose 35.74 per cent to 15.43 billion dollars over the corresponding month a year ago.Trade deficit so far this fiscal has increased... (Read Article)
Handicrafts sector is one of the largest foreign exchange earners and employment provider in India. World market for handicrafts and giftware is estimated at $235 billion of which India's share is a meagre $3 billion, about 1.6 percent of total market.The Export... (Read Article)
HYDERABAD: Khadi and Village Industries Commission (KVIC) has approved five clusters to provide employment to 500 artisans in State under its newly introduced Scheme, Fund for Regeneration of Traditional Industries (SFURTI).KVIC, State KVIB and State Government... (Read Article)
CANBERRA: Australian Trade Minister Warren Truss is to visit India next week to seek business opportunities in the rapidly growing economy of India.Leading a 30-member business delegation, Truss is to visit India from Feb 26 to March 2 and attend the bilateral... (Read Article)
KOLKATA: As the deadline for signing the free trade agreement (FTA) between India and Asean countries draws near, Engineering Export Promotion Council (EEPC) has started its groundwork to step up engineering goods exports to that region. With small and medium... (Read Article)
Islamabad, Mar 1 Pakistan is likely to loose its biggest market with the European Union declining to sign a free trade agreement (FTA) with it, arguing that the size of Pakistan's economy is not big enough for such a deal.Against the backdrop of the EU's refusal... (Read Article)
Duty free export of 6 million pieces of readymade garment to India is entering an important phase early next week.Yet, success of the deal will depend on proposition of the agreement to be finalized on the basis of memorandum drafted earlier.One of the demands... (Read Article)
New Delhi, Mar 1 Many Chief Ministers have started putting pressure on the Centre to resolve the SEZ impasse as global investors have conveyed concern over their investments in India.The Chief Minister of Tamil Nadu, Gujarat, Andhra Pradesh, Karnataka, Haryana... (Read Article)
NEW DELHI: Efforts to push forward the Doha negotiations of the World Trade Organisation (WTO) have intensified with the US, India, the EU and Brazil preparing for another round of bilaterals beginning Friday.Commerce & industry minister Kamal Nath, who left... (Read Article)
New Delhi/Mumbai March 7 With the cement industry still holding out on the price rollback issue, the Government today strongly hinted at a possible ban on cement exports.Asked whether the Government is planning such a move, the Commerce and Industry Minister,... (Read Article)
New Delhi March 7 From April 1, Central excise assessees who have to pay excise duty of Rs 50 lakh and above in a financial year would have to mandatorily do so through e-payment."The Central excise rules have been amended. It would not be possible for such... (Read Article)
Bangalore March 7 The Chairman of the International Association of Wines & Spirits, Mr Amrit Kiran Singh, commenting on the US trade office taking India to the WTO said: "India's fear of cheap imports flooding the market is misplaced. Even if import duties... (Read Article)
NEW DELHI: Commerce and industry minister Kamal Nath has hoped the EU will not have to approach the dispute settlement body of the World Trade Organization to resolve the differences over import duties on wines and spirits imposed by India. He said the two... (Read Article)
NEW DELHI: A group of visiting businessmen from Myanmar have called for improvement of border trade with India's northeastern states.The delegation feels that trade in the border point of Moreh in Manipur has declined to a considerable extent. According to... (Read Article)
US moves WTO over Indian liquor dutiesGENEVA: India is under pressure from the US and the EU to reduce duties on wine and distilled spirits. The US has now requested the WTO for consultations with India over "excessive duties" on wine and distilled spirits,... (Read Article)
NEW DELHI: Export of products manufactured by self-help groups (SHGs) is likely to receive a major thrust in the annual review of the foreign trade policy for 2007-08. The government is working on an incentive package for SHGs exporting their products and also... (Read Article)
New Delhi March 20 The Government may not heed to the demand made by the Indian Steel Alliance (ISA) to raise export duty on iron ore from Rs 300 per tonne to Rs 600 per tonne on the grounds that such a move may hurt the interest of the mining industry. This... (Read Article)
New Delhi: Myanmar has refused to export gas to India and has instead preferred a pipeline to China to export the gas found in its off-shore area.Myanmar last week told an Indian delegation that it wants to sell gas from off-shore block A-1 and potential discoveries... (Read Article)
Home Minister’s comments that the government has an "open mind" on the issue suggest more consultations but not a reversal of the policyNew Delhi: The government promised on 19 March to "refine" its controversial policy to set up special economic zones, a week... (Read Article)
RMG exports are expected to rise twofold to US $18 billion in coming three years.Of Bangladesh’s overall exports, apparel sector accounts for $9 billion every year. It provides employment to 2.2 million people, majority of them being ladies.According to BGMEA... (Read Article)
New Delhi, Mar 21 (PTI) The government should not play any role in acquisition of farm land for industrial projects and let private companies directly deal with farmers, Agriculture Minister Sharad Pawar said today."My ministry would be happy if instead of... (Read Article)
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