International Crude Oil Prices of Indian Basket Resumes Rising Trend, Increases to US$ 110.17/BBL on 09.05.2012

Comments Off | 05-11-2012

The international crude oil price for Indian Basket as computed/published today by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas slightly

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Germany Expresses Happiness on Indian Investment Climate

Comments Off | 05-11-2012

Dr. Philipp Roessler, German Federal Minister of Economics & Technology of Germany has informed visiting Indian Minister of Commerce Industry and Textiles Shri Anand Sharma that most of German Companies in India are happy with the business environment in India and expressed his desire to further deepen economic engagement with India.  Reciprocating the sentiment Shri

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Indian Export Stood at US$ 24.50 Billion in April 2012: Commerce Secretary

Comments Off | 05-11-2012

India’s exports for the months of April 2012 have registered a growth of 3.2%, at US $ 24.50 billion. Interacting with the media persons here today, Shri Rahul Khullar, Commerce Secretary, informed that during April 2012 the imports were US $ 37.9 billion with a growth of 3.8% and a Balance of Trade stood at

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India Germany to Surpass Trade Target of EURO 20 Billion

Comments Off | 05-10-2012

The Union Minister of Commerce Industry and Textile Shri Sharma informed that the bilateral trade between India and Germany has more than doubled over the last 5 years to reach nearly US$ 23.64 billion last year. After a bilateral meeting with Dr. Philipp Roessler, German Federal Minister of Economics & Technology of Germany in Berlin

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Saudi Arabia Keen to Get Indian Pharmaceutical Products

Comments Off | 05-10-2012

A Parliamentary delegation led by Dr. Abdullah Bin Mohammed bin Ibrahim Al Al-Sheikh, Speaker of Majlis Ash Shura (Consultative Council) of the Kingdom of Saudi Arabia called upon the Union Health and Family Welfare Minister Shri Ghulam Nabi Azad in New Delhi today. The delegation is on a three day official visit to India. Shri

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International Crude oil Price of Indian Basket on 08.05.2012 Down to US$ 109.63/BBL

Comments Off | 05-10-2012

The international crude oil price for Indian Basket as computed/published today by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas declined on 08.05.2012 to US$ 109.63/baral (bbl). This was lower than US$ 112.55/bbl on 04.05.2012 i.e. the last trading day figures available.
In rupee terms,

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Cultural Agreements with Commonwealth Countries

Comments Off | 05-10-2012

The Minister for Culture and Housing & Urban Poverty Alleviation Kumari Selja has said that Cultural Agreements facilitate cultural exchange and are integral part of diplomatic activities. These have played an important role in building bridges of understanding and developing better appreciation of India abroad. These have also helped in disseminating Indian culture in new

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Discrimination against Indian Software Companies by US

Comments Off | 05-10-2012

The Emergency Border Security Supplemental Appropriations Act, 2010 of the US, substantially increases the fees for H1B and L1 categories of visas for applicants that employ more than 50 employees in the United States or have more than 50 per cent of their employees admitted on non-immigrant visas (the “50/50 rule”) which is prima facie

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Removal of Protectionist Trade Barriers by SAFTA Nations

Comments Off | 05-10-2012

This issue is being discussed in the trade related meetings of the South Asian Association for Regional Cooperation (SAARC) countries. There is a general consensus amongst the SAFTA member countries to liberalize the SAFTA trading arrangements and to remove the trade barriers. This progress is ongoing in consultation with the stakeholders.
This information was given by

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Competition Commission of India (CCI) constitutes an Eminent Persons Advisory Group (EPAG)

Comments Off | 05-9-2012

The Competition Commission of India (CCI) has constituted an Eminent Persons Advisory Group (EPAG). This will serve as a group of ‘wise persons’ to give broad inputs and advice on larger issues impacting markets and competition, good international practices, improved advocacy etc. to the Commission. EPAG will have interaction/meetings with the Commission two to three

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