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18 hours 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...

12 days ago
US, China trade war begins

Beijing July 6 (IANS) A trade war between China and the US -- the world's largest economies -- began on Friday as the two sides started slapping additional tariffs on each other's goods, worth nearly $70 billion, a development that could impede global economic recovery. As planned, Washington began taxing 818 Chinese goods worth $34 billion early on Friday to punish Beijing for allegedly...

22 days ago
Amid trade war with US, China drops import duty on Indian soybean

Beijing, June 26 (IANS) On the brink of a trade war with the US, China on Tuesday decided to drop import tariffs on soybean from five countries including India. China's Cabinet, the State Council, announced that import duty on from India, South Korea, Bangladesh, Laos and Sri Lanka would be slashed from the current 3 per cent to zero. It also said tariffs on chemicals, agricultur...

1 month ago
India, Russia aim for $30 bn bilateral trade by 2025: Russian diplomat

Kolkata, June 18 (IANS) India and Russia are setting a target for $30 billion in bilateral trade by 2025 and the two countries are working towards developing a Free Trade Agreement (FTA) to facilitate that target, a Russian diplomat said here on Monday. India and Russia have set a bilateral trade target of $30 billion by 2025. This includes the sales of defence equipment, civil nuclear e...

1 month ago
India has overcome Congress legacy, can no more use it as excuse: NITI Aayog Vice Chairman

New Delhi, June 18 (IANS) Even as the ruling BJP and its senior leaders have repeatedly attacked the Congress for leaving behind a legacy of governance failure, policy paralysis and economy in shambles, the Central government can no more use this as an excuse and will have to take ownership of not only its accomplishments but also its failures from now on, NITI Aayog Vice Chairman Rajiv Kumar sai...

1 month ago
Quebec, Qingdao and the new age of multilateralism

The contrasting events that transpired in the cities of Quebec and Qingdao over the weekend signalled the immediacy of the changing world order. At the meeting of the Group of Seven (G7) advanced nations in Quebec, Trump went beyond expectations in ensuring that multilateralism sees its early demise while some 10,000 kilometres away in the coastal city of Qingdao, new beginnings were made at the ...

1 month ago
Tyres of Indian economy punctured, policy blunders responsible: Chidambaram

New Delhi, June 11 (IANS) Former Finance Minister P. Chidambaram on Monday said three out of the four wheels of the national economy have been punctured and held the BJP government's administrative incompetence, reckless decisions and policy blunders responsible for the rising farm distress, unemployment and economic failure. The tyres on three of the four wheels on which the economy rid...

1 month ago
Trump asked to reconsider tariffs imposed on Canadian steel, aluminum

Quebec City, June 10 (IANS) Canadian Prime Minister Justin Trudeau has pressed Washington to reconsider the US tariffs imposed on Canadian steel and aluminum, and encouraged President Donald Trump to work with Canada to address unfair trade. Trudeau made the remarks when he met with Trump during the G7 Summit here in Canada on Friday, according to the official Group of Seven (G7) website...

1 month ago
G7 summit kicks off in Canada amid trade disputes with US

Quebec City, June 8 (IANS) The Group of Seven (G7) summit, which kicked off here on Friday, is expected to be a tough meeting between the US and its allies amid raising concerns over US tariffs on steel and aluminum imports. The leaders of the G7, the world's most powerful industrialised countries including Canada, France, Germany, Britain, Japan and the US, meet every year to discuss co...

1 month ago
NDA catapulted India to 'Bright Spot' as Congress reduced to 'fringe' party: Jaitley

New Delhi, May 26 (IANS) Hailing NDA government's policies on its fourth anniversary, BJP leader and Finance Minister Arun Jaitley on Saturday said India had transformed from being a part of the fragile five to the bright spot on the global economic scene under this regime and had established 'scam-free governance'. But as the Congress is rejoicing its political move that helped it form ...

1 month ago
India changed from 'Fragile Five' to 'Bright Spot' in 4 years: Jaitley

New Delhi, May 26 (IANS) Hailing NDA government's policies on its fourth anniversary, BJP leader and Finance Minister Arun Jaitley on Saturday said India had transformed from being a part of the fragile five to the bright spot on the global economic scene under this regime and had established 'scam-free governance'. The preceding 10 years of the UPA rule had unquestionably witnessed the ...

2 months ago
India to be fastest growing economy: UN raises growth rate to 7.6%

United Nations, May 17 (IANS) India remains the world's fastest growing major economy in the UN's latest survey of the global economy which on Thursday raised India's growth rate prospects to 7.5 per cent for this year and 7.6 per cent for the next year because of robust private consumption, supportive fiscal policies and benefits from past reforms. The update to the World Economic Situa...

2 months ago
US protectionism causes glut in European steel supply

Berlin, May 8 (IANS) New tariffs imposed by US President Donald Trump on international imports of steel have led to a sharp rise in the supply of commodity on European markets, the Federation of the German Steel Industry warned on Monday. Hans Juergen Kerkhoff, President of the Federation of the German Steel Industry, told newspaper Neue Osnabruecker Zeitung that the first months of 2018...

2 months ago
India only major economy with talent surplus by 2030: Study

Mumbai, May 7 (IANS) As increasing global talent crisis is likely to cost different countries $8.5 trillion by 2030. India is the only major world economy with a potential for talent surplus, as per a study by a global executive search firm. India may even challenge America's position in technology, media and telecommunications (TMT) sector, said the 'Global Talent Crunch' study by Korn ...

2 months ago
China welcomes upcoming US delegation visit

Beijing, May 2 (IANs) China welcomes the upcoming visit by a US delegation led by Treasury Secretary Steven Mnuchin slated to arrive here on a two-day visit on Thursday, authorities said on Wednesday. Chinese Vice Premier Liu He will exchange views on China-US economic and trade issues of common concern with the delegation, reports Xinhua news agency. The delegation include US Am...

2 months ago
Trump announces members of delegation to China for trade talks

Washington, May 1 (IANS) US President Donald Trump has announced that an official delegation from the US will travel to China to discuss the bilateral trade relationship beginning on Thursday. The members of the US delegation includes US Ambassador to China Terry Branstad, Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, and US Trade Representative (USTR) Robert Lighthi...

2 months ago
Modi meets Xi, invites him to India in 2019

Wuhan (China), April 27 (IANS) Prime Minister Narendra Modi and President Xi Jinping agreed that healthy bilateral ties were important for a better world as the two met in the Chinese city Wuhan to re-set the ties between India and China hit by last year's military face-off. On the opening day of the two-day summit, when the Chinese rolled out the red carpet for Modi, both the leaders sa...

2 months ago
Modi meets Xi, invites him to India in 2019

Beijing, April 27 (IANS) Prime Minister Narendra Modi and President Xi Jinping agreed that healthy bilateral ties were important for a better world as the two met in the Chinese city of Wuhan to re-set the ties between India and China hit by last year's military face-off. On the opening day of the two-day summit, when the Chinese rolled out the red carpet for Modi, both the leaders said ...

2 months ago
Modi invites Xi to India, discusses bilateral ties

Wuhan (China), April 27 (IANS) Less than a year after their two armies ended a tense stand-off, Prime Minister Narendra Modi and President Xi Jinping on Friday discussed ways to boost Sino-Indian ties as they opened a two-day informal one of its kind summit in the central Chinese city of Wuhan. After being welcomed by Xi with a warm and firm handshake at Hubei Provincial Museum, Modi had...

2 months ago
Modi invites Xi to India in 2019

Wuhan (China), April 27 (IANS) Prime Minister Narendra Modi on Friday invited Chinese President Xi Jinping to India for an informal summit in 2019. As Modi opened talks with Xi on the first day of a two-day informal summit here, the Indian leader said more such meetings were needed and invited Xi to India next year. I am grateful for your invite and the welcome extended by you. ...

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