Trade

  • Exports up 3.98 per cent to $312.35 billion in 2013-14 11-04-2014 03:25 PM

    New Delhi: India's exports grew by 3.98 per cent to $312.35 billion in FY 2013-14 while imports dipped by 8.11 per cent during the period. Imports declined to $450.94 billion, narrowing the trade deficit to $138.59 billion in the last fiscal. In FY 2012-13, trade deficit stood at $190.33 billion....
  • 45 women and 5 men arrested in connection with alleged flesh trade, 8 minors rescued 04-04-2014 08:21 AM

    In large-scale raids conducted in a red-light area of Purnea district, eight minor girls were rescued while 45 women and five men arrested on the charge of being associated with flesh trade, police said on Thursday. Raids were conducted in a series of houses in areas near Katihar since Wednesday,...
  • Holy cities of Varanasi, Gaya used for smuggling rare tortoises, turtles 30-03-2014 11:41 AM

    The holy cities of Varanasi and Gaya are being increasingly used for smuggling of rare tortoises and freshwater turtles, according to the wildlife trade monitoring network, TRAFFIC. TRAFFIC officials said the final destination for these turtles, smuggled via Bangkok, is Hong Kong. The officials pointed out at the recent arrest...
  • India, US discuss security, nuclear proliferation, trade 29-03-2014 12:31 PM

    Seeking to bring ebbing bilateral ties back on track, India and the US on Saturday discussed maritime security and expanding regional trade in the Indo-Pacific Economic Corridor and beyond, administration officials said. During the sixth session of the US-India East Asia Consultations, top US officials "conveyed their condolences" to the...
  • French minister caught on film saying that food served at state dinner for China's President Xi Jinping was 'disgusting' 29-03-2014 11:13 AM

    France's trade minister had to eat humble pie on Friday after she was caught on film saying that food served at a state dinner for China's President Xi Jinping was "disgusting". President Francois Hollande and Xi were all smiles at the dinner Wednesday at the Elysee presidential palace. But Foreign...
  • Insider trading: US court upholds Rajat Gupta's conviction 26-03-2014 11:58 AM

    New York: A former Goldman Sachs and Procter & Gamble board member was fairly convicted on charges that he fed lucrative inside tips to a billionaire hedge fund owner, a federal appeals court said on Tuesday. The 2nd US Circuit Court of Appeals made the ruling in the case of...
  • Thane: Woman beaten up with iron rods for not becoming a prostitute 23-03-2014 08:02 AM

    Thane: In a heinous incident, a 23-year-old girl was allegedly beaten up with iron rods by three men in Thane after she refused to enter into prostitution. The incident took place in Bhiwandi in Maharashtra's Thane district. Police say that the assailants also chopped off a body part of the...
  • Ex-Microsoft employee charged for leaking copies of Windows 8 to a blogger 20-03-2014 01:48 PM

    Bangalore: A former employee of Microsoft Corp is facing criminal charges after he allegedly passed trade secrets to a blogger in France, US court documents showed. Russian national Alex Kibkalo, a former Microsoft employee in Lebanon and Russia, admitted to Microsoft investigators that he provided confidential company documents and information...
  • North Korea using sophisticated means to avoid UN sanctions: Report 11-03-2014 02:04 PM

    North Korea has developed sophisticated techniques to circumvent UN sanctions, including the suspected use of its embassies to facilitate an illegal trade in weapons, a United Nations report said. It said North Korea was also making use of more complicated financial countermeasures that made the isolated country's purchase of prohibited...
  • Pakistan may extend Non-Discriminatory market access to India by March 10-03-2014 09:23 PM

    Pakistan is likely to extend Non-Discriminatory Market Access to India by the end of this month which would give a huge boost to bilateral trade ties, a media report on Monday said. Pakistan would get maximum tariff concessions for its export-oriented industry and in return will extend NDMA to India...
  • Google faces up to $5 bn CCI fine; says cooperating in probe 09-03-2014 07:31 PM

    New Delhi: Google, which is facing antitrust investigation in India by fair trade watchdog CCI, can face a penalty of up to about USD five billion if it is found to have violated competition norms of the country. Google said it is "extending full cooperation" to the CCI in its...
  • Pak will 'fine tune' trade with new government in India after LS polls 06-03-2014 08:34 PM

    Lahore: Pakistan, which has deferred granting MFN status to India, on Thursday said will "fine tune" its trade policies with the new government that will come to power after the general elections in April. "Pakistan will fine tune our trade with India when a new government is formed after the...
  • US suspends trade, investment talks with Russia over Ukraine 04-03-2014 08:39 AM

    Washington: The United States has put trade and investment talks with Russia on hold as a rebuke for Russia's incursion into Ukraine, a US official said on Monday. "We have suspended upcoming bilateral trade and investment engagement with the government of Russia that were part of a move toward deeper...
  • Rupee closes down by 29 paise at 62.04 against US dollar 03-03-2014 09:54 AM

    Mumbai: Logging its biggest loss in two weeks, the rupee on Monday tumbled 29 paise to 62.04 against the dollar, hit by global risk aversion as the Russia-Ukraine conflict threatens to snowball into a full-fledged war. Downbeat figures of December quarter GDP and fiscal deficit for April-January which were released...
  • Indo-Pak officials likely to meet next month on LoC trade 27-02-2014 06:31 PM

    India and Pakistani officials are likely to meet in New Delhi next month to review Standard Operating Procedures (SOPs) for trade along the Line of Control in the wake of the row over arrest of a truck driver hailing from Pakistan-occupied-Kashmir (PoK) for allegedly smuggling 'brown sugar' worth Rs.100 crore....
  • Cross LoC trade resumes on Srinagar-Muzaffarabad route 26-02-2014 02:01 PM

    Cross-Line of Control (LoC) trade on Srinagar-Muzaffarabad route resumed on Wednesday after remaining suspended for over five weeks. "The trade between the two sides of Kashmir on Srinagar-Muzaffarabad road resumed today following agreement between the two sides on Monday to this effect," officials said. They said 22 trucks carrying goods...
  • Drug trade rampant in Punjab, political blame game continues 26-02-2014 11:06 AM

    Chandigarh: Drug addiction has been a huge concern for the state of Punjab. In 2013, more than 300 kg of heroin valued at Rs 1500 crore was seized in Punjab. This is just the tip of the iceberg. Allegations have been leveled of the involvement of political leaders in the...
  • India to block US trade probes, ready for fight at WTO 25-02-2014 06:00 PM

    India has decided to block investigations by the United States into its trade policies and patent laws, and prepare for a battle at the World Trade Organization (WTO), a move that could escalate already-strained tension between the two countries. New Delhi is furious about a threat of trade sanctions made...
  • Horse trading case: JMM MLA Sita Soren surrenders in court 25-02-2014 12:54 PM

    Ruling JMM MLA Sita Soren, the daughter-in-law of former Chief Minister Shibu Soren, on Tuesday surrendered to a local court in Ranchi in a case of horse trading registered by CBI after Election Commission of India rescinded the original notification for the 2012 Rajya Sabha polls for Jharkhand. Sita Soren...
  • Nitish, Bihar Assembly Speaker behind RJD MLAs' revolt: Lalu Prasad 25-02-2014 10:16 AM

    Patna: A day after some of his MLAs announced they were resigning from his party, RJD chief Lalu Prasad has hit out at Chief Minister Nitish Kumar, who he claims is poaching his MLAs in collusion with the Bihar Assembly Speaker. "Nitish Kumar ek number ka ghatiya insaan hai. Dorey...
  • RJD fire-fights rebellion in Bihar, calls for headcount of MLAs 25-02-2014 08:04 AM

    Patna: RJD chief Lalu Prasad could well do without moments of anxiety such as these. Just hours after 13 of his 22 MLAs said they were splitting from the party, six of them later turned up at his doorstep reiterating their allegiance. They said the reports were false and that...
  • Finance Minister Rajendra Prasad presents 2014-15 state Budget amid din 21-02-2014 05:05 PM

    Jharkhand Finance Minister Rajendra Prasad Singh on Friday presented a budget of Rs 50,387.70 crore for FY 2014-15. The non-plan expenditure is estimated at Rs 23,632.73 crore and the plan expenditure at Rs 26,754.97 crore. The Minister, however, projected a fiscal deficit of Rs 4,913.70 crore, an estimated 2.30 per...
  • Indian rupee opens flat at 62.19 vs US dollar 21-02-2014 09:19 AM

    Mumbai: The Indian rupee opened flat at 62.19 per dollar in the early trade on Friday. It closed at 62.22 Thursday. The dollar pulled away from a seven-week low against the euro and pushed higher against the yen in early Asian trade, bolstered by upbeat US economic data. Pramit Brahmbhatt...
  • Absconding JMM MLA Sita Soren's anticipatory bail plea rejected 20-02-2014 10:14 PM

    Jharkhand High Court on Thursdayrejected the anticipatory bail plea of ruling JMM MLA SitaSoren, who is facing warrants from a lower court in connectionwith a case of horse trading during Rajya Sabha polls in 2012and asked her to surrender to the lower court within a week. Dismissing her petition, Justice...
  • Rajasthan industry welcomes state's interim budget 20-02-2014 09:18 PM

    Trade and industry bodies om Thursday welcomed the interim budget of Rajasthan, saying that thegovernment has focused on fiscal consolidation. "The focus of the chief minister to keep fiscal eficitbelow 3 per cent, checking the fiscal deficit at 2.86 per centfor the current fiscal year is really commendable," Ratnesh PKashyap,...
  • Indo-Pak deadlock continues, cross LoC trade fails to resume 20-02-2014 12:43 PM

    Srinagar: Cross LoC trade on the Srinagar-Muzaffarabad route failed to resume on Wednesday. Indian and Pakistani authorities had agreed to resume trade but no Pakistani trucks arrived at the crossing point. The PoK authorities had suspended trade and travel between the divided parts of Kashmir on January 17 after 114...
  • Horse trading case: Charges framed against industrialists RK Agarwal, Pawan Dhoot 15-02-2014 11:13 PM

    A special CBI court has framed charges against industrialists RK Agarwal and Pawan Dhoot and independent candidates in the rescinded 2012 Rajya Sabha polls, and one Sunil Maheswari. The three were accused in the 'horse trading' case lodged by the CBI after cancellation of the 2012 Rajya Sabha elections for...
  • Trade deficit narrows on 77 per cent drop in gold imports 11-02-2014 03:58 PM

    India's trade deficit narrowed in January, helped by a 77 per cent drop in imports of gold and silver while exports ticked up, improving the outlook for the country's fragile current account balance. The trade ministry said it had recommended easing curbs on gold imports, prompted by the brighter trade...
  • Woman who allegedly forced 3 Ugandan women into sex trade arrested 07-02-2014 08:40 PM

    New Delhi: Three days after three African women spoke out on CNN-IBN against sex trafficking, the Delhi Police has finally taken into custody an African national in the case. The Ugandan High Commission has also reached out to the victims and is willing to repatriate them. The arrested African woman...
  • Ugandan High Commission staff meets three sex trade victims 07-02-2014 10:16 AM

    New Delhi: The Ugandan High Commission on Thursday met the three women victims of sex trafficking, saying that it had provided them papers and was willing to send them back. Sources, however, say that the women cannot leave without permission from the police or a magistrate as they have filed...