`China’s exports under pressure’
November 16th, 2011 - 2:22 pm ICT by IANS
Beijing, Nov 16 (IANS) China's exports are feeling the pressure from global economic uncertainties, trade protectionism and rising domestic costs, the authorities said Wednesday."We cannot be optimistic about the export ... Read more...
Posted in Business |
Eurozone crisis hurting India’s exports, growth: Pranab
November 14th, 2011 - 5:53 pm ICT by IANS
New Delhi, Nov 14 (IANS) The deepening crisis in the European countries has negatively impacted India's economic growth and is hurting exports as some developed countries have turned ... Read more...
Posted in Business |
Manmohan invites more foreign investment
April 14th, 2011 - 10:23 pm ICT by IANS
Sanya (China), April 14 (IANS) Prime Minister Manmohan Singh Thursday told fellow leaders of the five emerging economies that India was eager to absorb more foreign investment with its ... Read more...
Posted in Business |
29.5 percent cumulative export growth in India between April-Dec 2010-11 (Part II)
February 25th, 2011 - 5:20 pm ICT by ANI
(Cont.)According to the Survey, the revival of this sector is a good sign, though it is partially due to the base effect. The falling services trade surplus however is adding to the ... Read more...
Posted in Feature |
CII resents US protectionist steps burdening Indian firms
January 5th, 2011 - 8:29 pm ICT by IANS
Bangalore/New Delhi, Jan 5 (IANS) India Inc Wednesday slammed the US administration for burdening Indian firms with protectionist measures to raise funds for compensating victims of 9/11 terrorist attacks.Referring to the ... Read more...
Posted in Business |
Pranab holds first financial council meeting
December 31st, 2010 - 8:45 pm ICT by IANS
New Delhi, Dec 31 (IANS) Finance Minister Pranab Mukherjee Friday held the first meeting of the Financial Stability Development Council (FSDC) - a high-level body which has been set up to ... Read more...
Posted in Business |
India, EU welcome Seoul pact on IMF reform
December 10th, 2010 - 10:48 pm ICT by ANI
Brussels, Dec.10 (ANI): Leaders of India and the European Union (EU) on Friday welcomed the agreement on reform in the International Monetary Fund (IMF) reached at Seoul, which they hoped would strengthen ... Read more...
Posted in World |
Emerging economies fail to get greater voice in governance
October 10th, 2010 - 11:21 am ICT by IANS
By Arun Kumar
Washington, Oct 10 (IANS) Despite a hard push by India, world financial leaders have failed to make progress on reforms in International Monetary Fund (IMF) to give emerging economies ... Read more...
Posted in Business |
FICCI welcomes US Senate rejection of anti-outsourcing bill
September 29th, 2010 - 8:08 pm ICT by IANS
New Delhi, Sep 29 (IANS) A leading trade and industry association of India Wednesday welcomed the US Senate's rejection of a bill that aims at preventing native firms from outsourcing their work ... Read more...
Posted in Business |
Protectionism will kill growth and innovation: Sharma
September 22nd, 2010 - 9:02 pm ICT by IANS
New Delhi, Sep 22 (IANS) Expressing India's concern over the trade restrictive and protectionist policies adopted by the United States in the last few months, Commerce Minister Anand Sharma said such move ... Read more...
Posted in Business |
US curbs disturbing, but have no immediate impact: Nasscom
September 15th, 2010 - 6:46 pm ICT by IANS
Bangalore, Sep 15 (IANS) India's IT sector apex organisation has urged the United states to give up "regressive steps" like banning outsourcing and instead concentrate on creation of jobs.
The recent US ... Read more...
Posted in Business |
Indian IT firms look to Europe to diversify business
September 15th, 2010 - 4:22 pm ICT by IANS
By Gyanendra Kumar Keshri
New Delhi, Sep 15 (IANS) With an anti-outsourcing tirade in America rising, Indian software giants like Infosys and Wipro are planning to expand their businesses in Europe through new ... Read more...
Posted in Business |
US decision to curb outsourcing of IT projects regressive: Anand Sharma
September 11th, 2010 - 11:01 pm ICT by ANI
Bangalore, Sep.11 (ANI): Terming the move of the U.S. state of Ohio to forbid outsourcing of Information Technology (IT) projects by Government departments "regressive", Union Minister for Trade Anand Sharma said on ... Read more...
Posted in National |
G20 concedes emerging economies’ demand to resist protectionism
June 28th, 2010 - 5:06 am ICT by IANS
By Arvind Padmanabhan
Toronto, June 28 (IANS) The G20 leaders Sunday pledged to fight protectionism and promote free flow of trade, investment and professionals, respecting the demand by emerging economies like India, ... Read more...
Posted in Business |
Canada fears Obama’s jobs bill will fuel protectionism
February 3rd, 2010 - 3:54 pm ICT by IANS
Toronto, Feb 3 (IANS) Canada, which is America's biggest trading partner, Tuesday opposed any protectionist measures in President Barack Obama's proposed new jobs legislation.
Reeling from the loss of the Massachusetts senate ... Read more...
Posted in Business |
German president criticises protectionist measures by some nations
February 2nd, 2010 - 5:11 pm ICT by IANS
New Delhi, Feb 2 (IANS) Germany Tuesday decried the protectionist tendencies in some countries following the global economic crisis, even as it urged India to work together for a "genuine" global governance ... Read more...
Posted in Business |
Strong domestic demand needed for growth: Mukherjee
November 10th, 2009 - 5:31 pm ICT by IANS
New Delhi, Nov 10 (IANS) India will continue investing in agriculture, infrastructure and power to create demand and ensure internal growth till the developed economies witnessed a recovery, Finance Minister Pranab ... Read more...
Posted in Business |
Developed world should shun protectionism: Anand Sharma
November 8th, 2009 - 6:16 pm ICT by IANS
New Delhi, Nov 8 (IANS) Commerce Minister Anand Sharma Sunday said if developed countries resorted to protectionist measures, it could lead to prolonging the economic slowdown.
"If countries go in for protectionist measures, ... Read more...
Posted in Business |
India to sustain and enhance global engagements: Anand Sharma
November 8th, 2009 - 5:35 pm ICT by ANI
New Delhi, Nov.8 (ANI): Commerce and Industry Minister Anand Sharma addressed a session on "Reinforcing Economic Imperatives: India's Global Engagements" at the 25th India Economic Summit jointly organized by the Confederation of ... Read more...
Posted in Business |
Global trade to fall by 10 percent this year
September 30th, 2009 - 6:48 pm ICT by IANS
By Dipankar De Sarkar
Geneva, Sep 30 (IANS) Global trade, projected to fall by a full 10 percent this year, could be dealt an even bigger blow if members of the World Trade ... Read more...
Posted in Business |
Dr. Singh bats for stimulus measures, urges G-20 to resist protectionism
September 26th, 2009 - 1:06 am ICT by ANI
Pittsburgh, Sep 25 (ANI): Making a case for the developing countries at the G-20 summit here, Indian Prime Minister Dr. Manmohan Singh made a strong pitch for defending the stimulus measures, ... Read more...
Posted in World |
Crisis shifts balance of economic power to Asia: WTO economist
August 10th, 2009 - 4:40 pm ICT by IANS
Bangkok, Aug 10 (DPA) The world economic crisis is expected to shift more economic power to Asia, where signs of recovery are showing sooner than elsewhere, the World Trade Organisation's (WTO) chief ... Read more...
Posted in Business |
WTO’s chief warns against ‘excessive optimism’ on recovery
July 13th, 2009 - 9:18 pm ICT by IANS
Geneva, July 13 (DPA) World Trade Organisation (WTO) chief Pascal Lamy Monday warned his agency's member-states that they should avoid "excessive optimism" for an economic recovery.
"Although financial markets are showing signs of ... Read more...
Posted in Business |
Climate remains an issue as G8-G5 agree on UN reforms (Roundup)
July 10th, 2009 - 1:37 am ICT by IANS
By Jaideep Sarin
L'Aquila (Italy), July 9 (IANS) The outreach meeting of the G8, the grouping of the world's most wealthy and industrialized countries, with the world's emerging economies G5, Thursday outlined ... Read more...
Posted in Business |
G8-G5 resolve to resist trade protectionism
July 10th, 2009 - 1:37 am ICT by IANS
By Jaideep Sarin
L'Aquila (Italy), July 9 (IANS) Trade protectionist policies of some countries, especially in the times of global economic crisis, have been given a thumbs down by the joint declaration of ... Read more...
Posted in Business |
G-5 leaders play victim of economic crisis shaped by developed countries
July 9th, 2009 - 1:47 pm ICT by ANI
By Naveen KapoorL' Aquila (Italy), July 9 (ANI): The developing countries are bearing a major brunt of the global financial crisis they did not create, the Group of Five main emerging ... Read more...
Posted in World |
Exports outlook for 2009 not encouraging: Economic Survey
July 2nd, 2009 - 4:57 pm ICT by IANS
New Delhi, July 2 (IANS) Indian exports could continue to remain subdued this year amid a dismal outlook for the trade sector and world trade volume output set to decline by 11 ... Read more...
Posted in Business |
Protectionism will worsen slowdown: Anand Sharma
June 26th, 2009 - 9:12 pm ICT by IANS
New Delhi, June 26 (IANS) Protectionist measures by the developed economies will have an adverse impact on the downturn, Commerce and Industry Minister Anand Sharma has said, even as he reaffirmed India's ... Read more...
Posted in Business |
OECD ups India growth forecast, slams protectionism
June 24th, 2009 - 7:45 pm ICT by IANS
London, June 24 (IANS) The Organisation for Economic Cooperation and Development (OECD) Wednesday said India was on course to achieving a 7.2 percent growth rate next year but said it was concerned ... Read more...
Posted in Business |
Promote ‘Made in India’ brand, Maran tells textile sector
June 19th, 2009 - 10:02 pm ICT by IANS
Mumbai, June 19 (IANS) Textiles Minister Dayanidhi Maran wants the sector to develop the "Made in India" brand and diversify into markets beyond the US and the European Union.
"The US ... Read more...
Posted in Business |
Protectionism would deepen recession, delay recovery: India
June 19th, 2009 - 1:59 pm ICT by IANS
By Arun Kumar
Washington, June 19 (IANS) India has cautioned nations toying with protectionist measures in the wake of the global economic crisis that such a move would not only be counterproductive, but ... Read more...
Posted in Business |
Recession-hit IT sector wants fiscal benefits extended (Lead with corrections)
June 10th, 2009 - 12:05 am ICT by IANS
Bangalore, June 9 (IANS) Battered by global meltdown and lower tech spending, the Indian IT industry is looking up to the new government for extension of fiscal benefits and relief from multiplicity ... Read more...
Posted in Business |
Indian BPOs’ revenues will be doubled by 2010: Gartner
April 20th, 2009 - 6:44 pm ICT by IANS
New Delhi, April 20 (IANS) India's business process outsourcing (BPO) industry will double its revenues in less than two years despite the economic slowdown and protectionist measures of western countries, a report ... Read more...
Posted in Business |
Curry chefs hold a summit, not far from that G20 thing
April 3rd, 2009 - 5:44 pm ICT by IANS
By Dipankar De Sarkar
London, April 3 (IANS) Curry chefs meeting with British ministers and financiers at a parallel 'summit' issued a message to that other summit taking place Thursday: roll back ... Read more...
Posted in World |
Brazilian president hails G20 accord as historic
April 3rd, 2009 - 11:06 am ICT by IANS
London, April 3 (EFE) Brazil's President Luiz Inacio Lula da Silva hailed as historic the accord that emerged here Thursday from the G20 economic summit.
The importance of the gathering lay in ... Read more...
Posted in Business |
