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2 seconds ago
Russia had a right to annex Crimea, says Italian Minister

Rome, July 20 (IANS/AKI) Italy's far-right Interior Minister and Deputy Premier Matteo Renzi on Friday said that Russia had a popular mandate to annex the Crimean peninsula in 2014 and denied the referendum that preceded it was fake. There was a referendum, and 90 percent of the people voted for the return of Crimea to the Russian Federation, Salvini told the Washington Post in an interv...

6 seconds ago
Modi's answer to everything is Hindu-Muslim: Trinamool

New Delhi, July 20 (IANS) Attacking the Narendra Modi-led government, Trinamool Congress leader Dinesh Trivedi on Friday said that the Prime Minister's way of dealing with every problem relating to the problems of the country's people is polarisation. Be it the questions raised on finance policies, unemployment or the exports being going down or the banks being destroyed, you have only o...

25 seconds ago
Trump 'ready' to intensify trade war with China

Washington, July 20 (IANS) US President Donald Trump has said he is ready to intensify his trade war with China by slapping tariffs on all imports worth $500 billion. I'm ready to go to 500, he told CNBC's Joe Kernen in a Squawk Box interview broadcasted on Friday. The reference was to the dollar amount of Chinese exports to the US in 2017 -- $505.5 billion to be exact, compared ...

3 seconds ago
Farmers' rally expresses 'no trust' in Modi government

New Delhi, July 20 (IANS) All India Kisan Sangharsh Coordination Committee (AIKSCC) on Friday launched the first of its proposed three-part agitation at Parliament Street here, with hundreds of farmers marching and raising slogans against the minimum support price (MSP) offered by the government for their crops. Farmers from several regions of the country marched from Mandi House to the ...

15 hours ago
Brexit won't hit European economy hard: IMF

Washington, July 20 (IANS) The United Kingdom's planned exit from the European Union will have a small negative impact on the bloc's economy, although it will prove more damaging to countries such as Ireland, the Netherlands and Belgium that have closer links with Britain, the International Monetary Fund said Thursday. In its annual review of the eurozone's economic policies, the Washing...

17 hours ago
US destabilizes world through arms sales: Iran

Tehran, July 20 (IANS) Iran's Foreign Minister said on Thursday that the US destabilizes the world peace by massive arms sales. US destabilizes the world with arms exports, draining budgets that could be used for a brighter future, Mohammad Javad Zarif tweeted. He said that even the United states has not been able to secure its citizens by selling huge amount of arms. Ea...

21 hours ago
Possibility of losing to US on exports subsidies issue: Official

Kolkata, July 19 (IANS) India faces the possibility of losing in the trade disputes with the US on its challenge to export subsidies, but the government is working on schemes to make them WTO compliant, an official said here on Thursday. We have a whole lot of challenges in World Trade Organization (WTO)... we respond strongly (but) there is a real possibility that we will lose this disp...

1 day ago
Possibility of losing to US on exports subsidies issue: Official

Kolkata, July 19 (IANS) India faces the possibility of losing in the trade disputes with the US on its challenge to export subsidies, but the government is working on schemes to make them WTO compliant, an official said here on Thursday. We have a whole lot of challenges in World Trade Organization (WTO)... we respond strongly (but) there is a real possibility that we will lose this disp...

1 day ago
Gujarat exports rise to Rs 660 billion

Ahmedabad, July 18 (IANS) Gujarats exports rose to Rs 660 billion this year compared with Rs 540 billion last fiscal, an increase of around 20 per cent, a state official said on Wednesday. In NITI Ayog meeting on Wednesday, it was announced that the state's exports have risen... most exports have been to the Middle East countries, Africa, and European countries. The exports are widesprea...

2 days ago
US tariff war to adversely affect international trade: China

Beijing, July 18 (IANS) China on Wednesday continued its attacks on the trade war launched by the US on its exports and said that it would harm global confidence in the economy and growth of international trade. Beijing believes that the series of tariffs imposed by Washington will drag the world economy into danger and weaken confidence at the global level, Foreign Ministry spokesperson...

2 days ago
Education top priority in ties with India, says Australian envoy at opening of UNSW office

New Delhi, July 18 (IANS) In a major step to take forward its widening outreach to India, including in student recruitment and collaborations in cutting-edge research, the University of New South Wales (UNSW), Sydney, on Tuesday evening inaugurated its new premises in the Indian capital as Australia announced its intent about making India a major focus of its economic and diplomatic strategy with...

3 days ago
Japan, EU sign free trade agreement

Tokyo, July 17 (IANS) Japanese Prime Minister Shinzo Abe and European Union (EU) leaders signed a free trade agreement on Tuesday, eliminating tariffs on a majority of their products to enhance business between the two sides. Abe, during talks with European Commission President Jean-Claude Juncker and European Council President Donald Tusk, described the deal as momentous, while trumpeti...

3 days ago
Iran warns OPEC against raising oil output

Tehran, July 17 (IANS) Iranian Minister of Petroleum Bijan Namdar Zanganeh said Monday that the Organization of the Petroleum Exporting Countries (OPEC) would suffer if its members do not adhere to their commitment regarding the oil output. The decision made at the 174th OPEC Conference did not grant the member states the right to exceed their production level above the allocated quota, ...

3 days ago
India invites investments from Omani companies

New Delhi, July 16 (IANS) The Indian government on Monday invited Omani companies to invest in India and benefit from Make in India programme aimed to encourage manufacturing, an official statement said. The invitation was made by Commerce Minister Suresh Prabhu during the 8th India-Oman Joint Commission meeting in Muscat, where he highlighted several steps taken by the government to pro...

3 days ago
'India earned Rs 18,000 cr every year through Basmati exports'

New Delhi, July 16 (IANS) India has earned over Rs 18,000 in foreign exchange every year from export of Pusa basmati 1121 rice variety, developed by Indian Council of Agricultural Research (ICAR), Agriculture Minister Radha Mohan Singh said on Monday. The Pusa basmati 1121 variety of Basmati rice developed by ICAR has helped India earn more than Rs 18,000 crore in foreign exchange every ...

4 days ago
China, EU agree to defend multilateral trade

Beijing, July 16 (IANS) China and the European Union (EU) on Monday agreed to defend the multilateral trading system and rejected unilateral measures imposed by the US. At a summit between the European bloc and the Asian giant held here, the Chinese and European leaders reiterated their goal of reforming the World Trade Organization so as to improve the multilateral system and avert prot...

6 days ago
Chidambaram slams government over 'economic mismanagement'

New Delhi, July 14 (IANS) Senior Congress leader P. Chidambaram on Friday slammed the government over its poor management of economy, saying inflation is at five-month high, industrial growth at five-month low and the trade deficit has soared. Chidambaram, a former Finance Minister, said in tweets that exports were lower in June compared to May and the imports higher. He said des...

6 days ago
Jaitley should write FB post on who is FM, says Congress

New Delhi, July 13 (IANS) Countering Union Minister Arun Jaitley, the Congress on Friday said he should write a Facebook post on who is Indias Finance Minister and about economic woes, while adding that it has become a One Man-No government situation. The party also asked if the country under the Narendra Modi government has become a banana republic. Jaitley on Friday accused the...

6 days ago
India's June exports up over 17%, trade deficit soars to $16.6 bn

New Delhi, July 13 (IANS) Indian exports in June at $27.7 billion rose by 17.57 per cent over the same month in 2017. But with higher crude prices increasing oil import costs by more than half over the last year, the country's trade deficit soared to $16.60 billion, official data showed on Friday. As per the Commerce Ministry data, India's merchandise exports in June last year were worth...

6 days ago
GJEPC thanks government for exposing diamond import scam

Mumbai, July 13 (IANS) The Gems and Jewellery Export Promotion Council (GJEPC) on Friday thanked the Centre and the Directorate of Revenue Intelligence (DRI) for carrying out a thorough investigation exposing the Rs 3,000 crore diamond import scam. The GJEPC termed it as unfortunate and said that the acts of some individuals and companies were hurting the trade at large. GJEPC - ...

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