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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, ...

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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 ...

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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 ...

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Manmohan Singh bats for stimulus measures, urges G-20 to resist protectionism (Re-issue)

Manmohan Singh bats for stimulus measures, urges G-20 to resist protectionism (Re-issue)

September 26th, 2009 - 1:39 pm ICT by ANI -
By Naveen Kapoor Pittsburgh, Sep 26 (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 ...

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Dr. Singh bats for stimulus measures, urges G-20 to resist protectionism

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, ...

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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 ...

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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 ...

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Climate remains an issue as G8-G5 agree on UN reforms (Roundup)

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 ...

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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 ...

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G-5 leaders play victim of economic crisis shaped by developed countries

G-5 leaders play victim of economic crisis shaped by developed countries

July 9th, 2009 - 1:47 pm ICT by ANI -
By Naveen Kapoor L' 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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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Curry chefs hold a summit, not far from that G20 thing

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 ...

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Brazilian president hails G20 accord as historic

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 ...

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G20 emerging as powerful global voice, says Manmohan

G20 emerging as powerful global voice, says Manmohan

April 3rd, 2009 - 2:45 am ICT by IANS -
By Arvind Padmanabhan London, April 2 (IANS) Satisfied with the outcome of the G20 summit here and content that the final declaration reflected the issues raised by India, Prime Minister Manmohan Singh ...

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India says wants to solve boundary dispute with China

March 20th, 2009 - 3:44 pm ICT by ANI -
New Delhi, Mar 20 (ANI): Foreign Secretary Shivshankar Menon has said India and China are attempting to find a solution to the vexed boundary dispute "While we attempt to resolve our differences ...

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China complains to WTO over ban on toys by India

March 19th, 2009 - 1:28 pm ICT by ANI -
Geneva, Mar 19 (ANI): The issue of a ban imposed by India on Chinese toys has been taken to the World Trade Organisation (WTO) by China. China used a meeting of the ...

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Bush warns Obama on protectionism, defends his record

Bush warns Obama on protectionism, defends his record

March 18th, 2009 - 10:43 am ICT by IANS -
Toronto, March 18 (IANS) In his first major speech after leaving office two months ago, former US president George Bush Tuesday defended his eight-year record and warned his successor Barack Obama ...

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US Trade Representative says G-20 nations India took protectionist route

March 3rd, 2009 - 7:51 pm ICT by ANI -
Washington, Mar. 3 (ANI): The US Trade Representative has claimed that a number of G-20 countries including India have adopted protectionist measures despite having committed to not raising trade barriers especially ...

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India can influence the US, says PM aide

March 1st, 2009 - 5:14 pm ICT by IANS -
New Delhi, March 1 (IANS) India had sent a "very strong demarche" which led to the US removing India from the mandate of special representative to Afghanistan and Pakistan Richard Holbrooke, according ...

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Global outsourcing benefited US firms: Nasscom

Global outsourcing benefited US firms: Nasscom

February 26th, 2009 - 11:48 am ICT by IANS -
Bangalore, Feb 26 (IANS) Indian IT industry body Nasscom has reacted cautiously to US President Barack Obama's remarks on outsourcing, saying global outsourcing had benefited US firms that generate over 50 ...

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US move to withdraw tax breaks a matter of concern: FICCI

US move to withdraw tax breaks a matter of concern: FICCI

February 25th, 2009 - 10:32 pm ICT by IANS -
New Delhi, Feb 25 (IANS) The Federation of Indian Chamber of Commerce and Industry Wednesday expressed concern over US President Barack Obama's statement on ending tax breaks for outsourcing companies, saying "protectionist ...

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G7 ministers pledge to stimulate recovery of global economy

G7 ministers pledge to stimulate recovery of global economy

February 15th, 2009 - 2:21 am ICT by IANS -
Rome, Feb 15 (DPA) Finance ministers and central bankers from the Group of Seven (G7) most-industrialized nations ended talks Saturday with a pledge to re-establish confidence in the stricken global financial system ...

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EU praises Obama opposition to protectionism

EU praises Obama opposition to protectionism

February 5th, 2009 - 4:26 am ICT by IANS -
Brussels/Washington, Feb 5 (DPA) The European Union (EU) Wednesday applauded US President Barack Obama for warning against protectionist measures in the midst of a global economic crisis.Obama, in interviews with US television ...

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‘Buy American’ provision in US stimulus plan stirs debate (Repeat for all needing)

‘Buy American’ provision in US stimulus plan stirs debate (Repeat for all needing)

January 31st, 2009 - 12:47 pm ICT by IANS -
Washington, Jan 31 (IANS) A "Buy American" provision in President Barack Obama's $819 billion stimulus plan that bans the purchase of foreign construction material for public works projects has set off a ...

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