'Could the impending new crisis, vibe coding, similarly create not a disaster like what befell Indian handlooms during the Industrial Revolution but another opportunity like what the Y2K crisis created?' asks Ajit Balakrishnan.
According to figures from the Ministry of Petroleum, foreign exchange earnings from the petroleum sector stood at more than $11 billion in the first six months (April-September) of the current financial year. In the last fiscal, it was $9.1 billion.
'The government is saying 88 Hindus have been killed, but it could be much more.' 'Their properties are being looted, their businesses have been ransacked. I am getting distress calls from there.' 'Muslims who believe in the philosophy of Sheikh Mujibur Rahman are also under attack. Most of those who have fled Bangladesh after Sheikh Hasina's fall are Muslims.'
An official said the SIT will examine if the money was used on any illegal activities, like terrorism or forcible religious conversion.
Sri Lankan government on Monday admitted that it has run out of cash to buy fuel as pumps in most filling stations across the country have run dry, exacerbating the deepening foreign-exchange crisis that has crippled the island nation's economy.
On its part, the Reserve Bank of India tried to help exporters by easing some restrictions imposed on holders of Exchange Earners Foreign Currency accounts and by giving effect to the commerce minister's announcements regarding extension of the interest subvention scheme for one more year and for more items.
Export growth picked up mainly owing to rising global crude prices, which pushed up processed petroleum exports by nearly 40 per cent, apart from a broad-based improvement in exports of major foreign exchange earners such as engineering goods and gems and jewellery.
Expects duty drawback to be at par with the present DEPB rates; seeks hike in depreciation to 35% seeks special fund for R & D center for the industry.
Welcome to Tirupur (occasionally also spelled Tiruppur), a city of a 600,000 people in Tamil Nadu. It has a population of over a million in the urban agglomeration, and has been registering an annual growth of 30 per cent since 1998.
The government is unlikely to ban export of petroleum products or review the export-oriented status of Reliance Industries Jamnagar refinery, as has been demanded by United Progressive Alliance government's new ally, the Samajwadi Party.
The government is likely to come up with export sops for the domestic textiles industry in the upcoming Budget, including a rise in duty drawback rates.
The measures include increasing the number of services on which exporters are granted service tax exemption and refunds, re-introducing interest payment on the Exchange Earners Foreign Currency account and extending the period and scope of pre- and post-shipment credit.
Minister of Commerce & Industry Kamal Nath on Thursday announced a package of wide ranging measures to counter the negative impact of rupee appreciation on India's exports.
Emigration, probably Kerala's top foreign exchange earner since the '70s, is now declining says the study by the Non-Resident Keralites' Affairs Department, a state government agency in Thiruvananthapuram set up to look after the NRIs.
In a bid to move toward full float of rupee, the Reserve Bank of India on Tuesday announced a slew of measures such as doubling of resident individual remittances to $50,000 per year.\n\n
India plans to double its foreign exchange earnings from tourism in the next three years and make it the number one foreign exchange earner, Tourism Minister Renuka Chowdhury said.
Medical tourism is likely to be the next major foreign exchange earner for India as an increasing number of patients, unwilling to accept long queues in Europe or high costs in the US, are travelling to the country to undergo surgery, according to a
'India is a pharma dada. We can manufacture enough for our people and for the world.'
Reserve Bank of India has relaxed the exchange earners foreign currency account scheme by removing the ceiling of $3 million.
India said on Thursday domestic firms would be allowed to prepay existing foreign currency convertible bonds up to September 30, 2003.\n\n\n\n
According to data released by the commerce and industry ministry, exports stood at $25.01 billion in the month. The fall is only the second time exports contracted in the past year.
The tourism ministry has decided to impart Mandarin training to members of Indian Association of Tour Operators.
Imports rise at highest pace in more than 2 years as crude oil price spikes.
The new PM would be more than unwise to attempt steering away from India into an all-encompassing Chinese embrace that would ultimately swamp Bhutanese identity, says Brigadier S K Chatterji (retd).
RBI should monitor export credit offtake and how well banks implement its instruction.
For top IT services firms, revenue growth in FY15 was the slowest since the Lehman crisis
Lower IT exports will raise India's dependence on capital flows to fund imports.
In spite of an overall healthy rise in exports, there are many traditional sectors which used to be the mainstay of India's exports in the past, but are now suffering from significant weaknesses, says A K Bhattacharya.
Here's a closer look at the showcause notices issued to Lalit Modi
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