Islamabad: Unidentified armed men kidnapped a Hindu trader in the restive Balochistan province of southwest Pakistan on Sunday, police said. Sham Lal was travelling with his family to Karachi when the armed men intercepted his car in Rashidabad area of Khuzdar district and took him away to an unknown location. Following the incident, the local traders association and Hindu businessmen protested the kidnapping and demanded that authorities should steps to...
08:05 PM, Feb 12, 2012
Lahore: Pakistan and India are determined to normalise trade and economic ties and discussions are on to introduce multiple-entry visas for businessmen, Commerce Minister Makhdoom Amin Fahim said on Saturday as he inaugurated the largest ever India-specific trade exhibition in Pakistan. Nearly 200 Indian exhibitors are participating in 'The India Show' at the Lahore Expo Centre. Diverse products, ranging from gems and textiles to heavy machinery, are being showcased at...
12:47 AM, Feb 12, 2012
Washington: The United States has said it is working to reduce investment and trade barriers with India and Brazil, two of the fastest growing markets. The two countries present American exporters with significant opportunities and challenges, said Miriam Sapiro, Deputy US Trade Representative. "As with China, we are working hard to identify, address, and reduce barriers to trade and investment between the United States and India and Brazil, two of...
12:23 PM, Feb 11, 2012
New Delhi: The European Union wants India to draw Iran into talks over its nuclear programme but said strong sanctions are also needed, European Council President Herman Van Rompuy said on Friday, as Asia's third-largest economy aims to increase trade with Tehran. India has struck a defiant tone over new financial sanctions imposed by the United States and European Union to punish Iran for the nuclear programme, seeking to increase...
01:46 AM, Feb 11, 2012
New Delhi: India and the European Union (EU) have agreed to expedite talks for a broad-based trade and investment agreement and hope to conclude the deal soon, Prime Minister Manmohan Singh said on Friday. "Both sides have made considerable progress in the negotiations on the Broad-Based Trade and Investment Agreement. There are complex issues involved, but we have both agreed to expedite discussions so that we can conclude an agreement...
12:28 AM, Feb 11, 2012
New Delhi: Planning Commission Deputy Chairman Montek Singh Ahluwalia on Wednesday said that a free trade agreement (FTA) with US is a good idea. "If you can do an FTA (with US) that is a good idea, but the most important thing is to expand business relationship with special focus on technology area," Ahluwalia said. FTA is an arrangement in which goods and services are traded without restrictions between the...
05:44 AM, Feb 09, 2012
New York: The agency that is building the new World Trade Centre is "dysfunctional" and has let costs get out of control on the $14.8 billion project, auditors said on Tuesday. The projected cost of the complex has raised $3.8 billion since 2008, when it was estimated at $11 billion, Navigant Consulting, Inc, said in its audit of the Port Authority of New York and New Jersey. Third parties have...
11:21 PM, Feb 08, 2012
Beijing: External Affairs Minister SM Krishna on Wednesday met the two Indian traders who were illegally detained by Chinese merchants in December and assured all possible help by the Indian government. The two traders, Shyamsunder Agrawal and Deepka Raheja met Krishna and explained the harrowing time they had during their detention in December. The two who claims to be employees of a firm were detained after the head of the...
09:01 PM, Feb 08, 2012
Beijing: China has ordered a probe into the alleged iPad trademark infringement dispute between US-based gadgets maker Apple and a local company. The probe came over a month after a Chinese court rejected Apple's lawsuit accusing a local company of infringing on trademark "iPad" that could have resulted in it's having to sell it under a new name or cough up USD 1.6 billion. The Municipal Intermediate People's Court in...
12:23 PM, Feb 07, 2012
Jaipur: Australia on Saturday called for boosting bilateral trade with India, saying that business ties can be strengthened in a host of areas such as infrastructure, construction and skills development. The Australian Trade Commission presented business and investment opportunities for Indian businesses at a seminar in Jaipur, 'Doing Business and Investing with Australia'. It is Australian Government s initiative to strengthen and broaden commercial engagement with India and enhance the...
03:40 AM, Feb 05, 2012
Kolkata: The Writers' Building in Kolkata is in the eye of a brewing storm. State Government employees are on a protest after Chief Minister Mamata Banerjee's government proposed to debar them from forming unions or going on strike. The earlier Left Government had allowed government employees to strike. But the present dispensation says this is simply unacceptable. Labor Minister Purnendu Bose said, "We are of the view that government employees...
08:59 PM, Feb 01, 2012
Jaipur: Rajasthan Chief Minister Ashok Gehlot on Tuesday said his government is making every effort to facilitate trade and industry in the state by addressing their issues. "After improvement and simplification in the taxation process, traders have felt relief in the last three years," he said addressing the inaugural session of the state-level Tax Advisory Committee meeting. He said several decisions were taken in the state Budget for 2011-12, according...
04:21 AM, Feb 01, 2012
Davos: Opening up the retail sector to foreign investment will help create millions of jobs in India and also strengthen its trade ties with America, former American Ambassador to India Timothy Roemer has said. However, the US understands the compulsions associated with policy decisions in a democracy, Roemer said in Davos on the sidelines of the World Economic Forum's annual meeting. Timothy Roemer, who resigned as US Ambassador to India...
12:47 PM, Jan 30, 2012
Puducherry: All trade unions in Puducherry have called for a bandh on February 2 to urge the government to order a probe by a High Court judge into the recent death of a union leader due to alleged police action in Yanam, an enclave of Puducherry in Andhra Pradesh. In addition to a probe by a High Court judge, the unions are also seeking sanction of a solatium of Rs...
04:06 PM, Jan 29, 2012
Davos: India and the European Union (EU) on Saturday said they are making steady progress towards concluding the ambitious bilateral trade opening pact on goods, services and investment. "We are moving forward. Both of us periodically keep exchanging notes. It will have a positive impact not just for India and the EU, but for others also, as it would help keeping the global economy robust," Indian Commerce and Industry Minister...
12:19 AM, Jan 29, 2012
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