Tag: 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.
Monday, July 6th 2015 - 08:49 UTC
Uruguay looking to increase trade and investments with India

Uruguay's president Tabare Vazquez is planning to visit India next year, while foreign minister Rodolfo Nin Novoa is scheduled to attend the India-Latin-American conference next October. The move is seen as an effort by Uruguay to increase its trade opportunities and access new markets, given the current difficulties to forge an agreement with the European Union.
Thursday, June 18th 2015 - 05:10 UTC
Nestle will destroy more than 50m dollars of Maggi noodles in India

Nestle says it will destroy more than $50m worth of its hugely popular Maggi noodles, following a ban imposed by India's food safety regulator following tests have found the instant noodles “unsafe and hazardous” and has accused Nestle of failing to comply with food safety laws.