Myanmar is a member of the Asian Clearing Union and settlement of current account transactions including trade transactions are done through ACU.
The proposed India-European Union free trade agreement (FTA), which seeks to liberalise trade in goods and services, could be materialised by this year, EU Ambassador to India Joao Cravinho has said.
Industry chambers on Monday said though the stock markets dipped heavily, the fundamentals of the economy would remain unaffected and there was no need for panic following the two bomb explosions in Mumbai.
United States Pharma giant Pfizer is in the final stages of an agreement with India to supply anti-COVID-19 vaccines, Chief Executive Officer Dr Albert Bourla said on Tuesday, observing that the domestically manufactured vaccines would be the backbone of vaccinating the Indian people.
Well aware that the government cannot control inflation through RBI's monetary tools only, the Centre tried to inbuilt a supply-augmenting mechanism in the economy by opening multi-brand retail to 51 per cent FDI, but vehement opposition from the Opposition and even some of the United Progressive Alliance allies forced it to hold back the decision.
Kashmiris protest against the killing of Amarnath pilgrims.
The Centre said on Wednesday it had made a good offer for the proposed Free Trade Agreement with the Association of South East Asian Nation and is awaiting ASEAN's reactions to it.
The recent Cabinet decision to allow 51 per cent foreign direct investment in the multi-brand retail sector in India has deeply divided the nation's political, social and trading classes.
the Associated Chambers of Commerce and Industry on Wednesday said the country's IT industry is slated to grow by 26 per cent this year driven by strong economic performance.
Reminding the UPA-II government about the need to reverse the negative perception of a 'decision-making paralysis', industry body Assocham has made a pitch for second-generation reforms in various sectors, including finance, banking, taxation and agriculture.
Federation of Indian Chambers of Commerce and Industry on Wednesday asked the US to restore the Generalised System of Preferences for Indian exports of chemicals and allied products.\n\n\n\n
Indians want to have a little more clarity and certainty before they invest, says Naina Lal Kidwai, Executive Director, HSBC Limited and Country Head, HSBC India.
The Union government is considering a proposal to empower the states to frame separate labour laws in certain specific locations to attract investments, Union Commerce and Industries Minister Kamal Nath said on Friday.
Taking a jibe at Gujarat Chief Minister Narendra Modi for his remarks that the National DemocratiC Alliance would come to power in the next general elections, Corporate Affairs Minister Veerappa Moily on Tuesday wondered whether the Bharatiya Janata leader would return to power in his own state.
Boeing India president says with the rising prices of aviation fuel, the airlines do not have any option but to increase the fares.
At present, economic relations are restricted to the merchandise trade of just about $2.65 billion.
To reap the benefits following India and Pakistan governments' decision to further bilateral trade ties, a high-powered 70-member delegation of the Federation of Indian Chambers of Commerce and Industry
Shinde said the average plant load factor of Indian generation units improved to 77.5 per cent during 2009-10 from 73.6 per cent in 2006.
In a major relief to thousands of Indian IT professionals, a federal judge in the US on Thursday blocked the enforcement of a temporary visa ban by the Trump administration on a large number of work permits, including the most sought after H-1B visas, ruling that the president exceeded his constitutional authority.
Pakistan High Commissioner in India Shahid Malik on Friday said there is no political instability in his country and trade relations with India are normal.
Pakistan-India Chambers of Commerce and Industry president Ilyas Ahmad Bilour has urged Prime Minister Atal Bihari Vajpayee to restore air service between the two countries to promote bilateral trade.
Till the second quarter of 2011, the food sector has attracted more than $100 million investments through PEs," according to the 'Food Franchising Report 2011' brought out by Franchise India and Ficci.
Differing with Prime Minister Manmohan Singh, who feels the corporate sector has been harsh in blaming the government, leading players in India Inc say a policy paralysis in the government and its inability to push reforms have indeed led to an economic slowdown and Singh's criticism is not justified.
Unfazed by the Supreme Court upholding winding up of the company, shareholders of Devas Multimedia will continue to seek seizure of Indian government assets abroad to collect $1.2 billion the firm has been awarded by arbitration tribunals for cancellation of a satellite deal but are open for talks to settle the issue, their counsel said. "The decision by the Supreme Court does not change anything. The Modi government and the Indian courts cannot rewrite the facts. "Their flimsy allegations of fraud will never stand up in courts outside of India," said Matthew D McGill, partner at Gibson, Dunn & Crutcher, and lead counsel for several Devas' shareholders.
From spearheading India's first rural bank for women, to running a business school, a women's chamber of commerce, farmer-turned-entrepreneur Chetna Sinha has come a long way. In this interview, she credits her success to the many women in her village who've inspired her all along.
This is despite a Federation of Indian Chambers of Commerce and Industry survey showing more players were optimistic on a recovery in manufacturing in the last quarter of 2011-12.
Besides, Federation of Indian Chambers of Commerce and Industry secretary general Amit Mitra, L Suresh, vice president of Film Federation of India, UTV Group chief financial officer Rajeev Waghle, chief financial officer of Reliance Big Films Subhashish Sarkar and Zee Tele films chief executive officer Puneet Goenka, among others, were also part of the delegation.
In yet another confidence building measure, a business delegation led by Siraj Kassam Teli, president, Karachi Chamber of Commerce and Industry met Commerce and Industry Minister Arun Jaitley in New Delhi on Thursday.
The Federation of Indian Chambers of Commerce and Industry is 'very hopeful' that the seven SAARC nations would be able to clear all roadblocks on the way to signing of Saarc Free Trade Agreement (SAFTA) at the Islamabad summit.
The BJP president said that the focus of development should be on agriculture and its allied industries and called for the promotion of PPP model to encourage private entrepreneurs to participate in development projects.
There are more than 5,000 family businesses across the Kingdom, of which only 156 are listed on the Saudi bourse, according to Jeddah Chamber of Commerce and Industry chairman Saleh Kamel.
As per the Associated Chambers of Commerce and Industry of India, the two Asian giants can emerge as world's largest trading partners by 2030.
In a telephonic conversation, Mitra explains to Namrata Acharya how the state is reeling under a huge debt, a 'legacy' of the Left government.
Many British companies employ foreign professionals when the required skills and experience are not available within the United Kingdom or European Union.
Yogendra Kumar Modi was on Friday elected as the next president of the Federation of Indian Chambers of Commerce and Industry. He will succeed A C Muthiah.
In fact, India stands to gain in sectors such as textiles, handicrafts, chemicals and pharmaceutical from its trade with the Asean economies.
United States Senator Mark Warner, the democratic co-chair of the Senate India Caucus, said Prime Minister Dr Manmohan Singh and India's restraint in the face of continuing terrorist attacks is nothing short of remarkable and keeping with the best traditions of India.
'The force of reforms. The force of investment. The force of formalisation. The force of digital and green technology. And the force of youth and entrepreneurship. I am convinced that these 5 forces will propel India's rise over the next several decades,' predicts Kumar Mangalam Birla, chairman, Aditya Birla group.
