Tag: India

• Monday, November 7th 2016 - 10:41 UTC

  PDVSA, India reach agreement on joint oil production ventures

  

  Venezuela's state-owned oil and natural gas company PDVSA and India have signed accords worth $1.45 billion whereby oil production is expected to increase from 430,000 barrels per day to 855,000 in less than a year. Exports in mind, there is a natiowide shortage of fuel.

• Monday, October 17th 2016 - 09:47 UTC

  BRICS summit, despite drawbacks ends optimistic and vows to deepen economic engagement

  

  Amid fears of threats posed by protectionism, the BRICS countries have vowed to deepen economic engagement, tackle the global economic slowdown, and combat cross border terrorism. The leaders of the five emerging economies of Brazil, Russia, India, China and South Africa wrapped up a summit Sunday in Goa, in western India.

• Monday, August 15th 2016 - 07:09 UTC

  Mercosur-India talks expected to expand preferential trade agreement

  

  India has begun the process of expanding its preferential trade agreement with the Mercosur trade bloc, opening its market more to South America and negotiations are expected to start in a month or two. The number of products on which tariff concessions is given is likely to increase to more than 3,000 from 450 at present with more agricultural products getting covered in the pact.

• Friday, May 20th 2016 - 10:40 UTC

  India planning to swap medicines for Venezuelan crude oil to recoup losses of drugs sector

  

  Indian drug companies could recoup some of the financial losses incurred as Venezuela struggles to make foreign-currency payments and the value of its currency plummets--by participating in a barter plan that would swap medicines for crude oil.

• Wednesday, February 24th 2016 - 05:43 UTC

  India tests its first nuclear armed submarine built in the country

  

  India's first nuclear armed submarine INS Arihant is now ready for full fledged operations, according to Navy sources. It has passed several deep sea diving drills as well as weapons launch tests over the past five months.

• Tuesday, December 1st 2015 - 08:11 UTC

  India outpaces China in economic growth boosted by domestic demand and manufacturing

  

  India's economic growth picked up in July-September, outpacing China on improving domestic demand and manufacturing activity, and the acceleration could persuade the country's central bank to keep interest rates unchanged at its Tuesday meeting.

• Wednesday, November 25th 2015 - 08:09 UTC

  An Anti-incumbency Vote Whose Effects Will be Seen Beyond Argentina

  

  By Rengaraj Viswanathan (*) Mauricio Macri’s win will inspire the centre-right opposition parties that hope to replace leftist governments in Brazil and Venezuela but it is too early to declare, as some observers are doing, that the result marks the end of the Left in the region

• Monday, November 23rd 2015 - 10:42 UTC

  Unfair to claim China sparked a 'currency war', argues India's central bank

  

  ”It’s unfair to pin the blame on the August 11 Yuan devaluation because currencies were already declining due to the “unconventional monetary policies” of some nations, Raghuram Rajan was cited as saying in an interview with the SCMP.

• Thursday, September 3rd 2015 - 09:15 UTC

  China warns Delhi, “India should rethink its oil exploration plants”

  

  The state-run China Daily has said that India's plans to conduct oil exploration off Vietnam coast in the South China Sea is “illegal and is an ”unwise move“ that may ”sabotage” positive momentum in ties.

• Wednesday, August 26th 2015 - 07:02 UTC

  “Using cheap money to tackle economic problems rather than reform must stop”

  

  Central banks are under too much pressure to fix struggling economies, according to the man in charge of India's monetary policy. Reserve Bank of India governor Raghuram Rajan hinted that using cheap money to tackle economic problems - rather than painful reform - had to stop.