The country's largest marketer of petroleum products is facing troubles in Sri Lanka, one of the two overseas markets where it sells fuel through its fully owned subsidiary, Lanka IOC. The other country is Mauritius.
The central bank fears the Asian market may impact interest rate derivatives.
The Indian economy may match the economies of the Association of South East Asian Nations in size by 2015, but in terms of labour productivity it will trail this grouping of 10 nations by a little under 20 per cent
As news of Hasina's departure spread, hundreds broke into Hasina's residence, vandalising and looting the interiors, providing dramatic expression to the anti-government protests that have killed more than 100 people in the last two days. At the centre of people anger is the Hasina government's controversial quota system reserving 30 per cent jobs for families of veterans who fought the 1971 liberation war. With volatile crowds taking to the streets -- some clambering on Hasina's father and Bangladesh founder Sheikh Mujibur Rahman's statue and smashing it with hammers in a lasting image underscoring the fickleness of history -- Army chief General Waqar-uz-Zaman announced that the 76-year-old prime minister has resigned.
Thailand welcomed "knowledge workers" from India and is keen on a partnership with New Delhi in helping the South East Asian country
The United Progressive Alliance government will continue tax reforms, Finance Minister P Chidambaram said on Wednesday.
"We hope to reach a solution by July 2007," the minister said after the ASEAN-India economic minister's meeting held in Cebu, Philippines.
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.
Modi attended the 20th ASEAN-India Summit in Jakarta. Secretary-General of ASEAN Dr Kao Kim Hourn also attended the summit.
The Union government's budget proposals next month would see a "substantial reduction" in customs duties, commerce secretary S N Menon said on Tuesday.
Sterling Group-controlled coffee chain Barista Coffee Company Ltd on Wednesday announced plans to open 60-70 outlets across the country in the next 10-12 months, as part of its expansion plans.
TVS Motor Company would roll out its bikes from Indonesia plant this month eyeing a first year sales of up to 90,000 units in that market amidst plans to spread its wings in the South East Asian region.
The Chinese research vessel returned to China a few days ago after being under constant watch of Indian Navy vessels, the sources said.
By hosting the 10 ASEAN leaders on Republic Day, India amply demonstrated that ASEAN is a central pillar of its Act East policy. But is India 'central' for ASEAN, asks Dr Rahul Mishra.
The Modi government has to embrace the history of Tamil conquests in South East Asia and stop obsessing about Babar/Humayun, argues Colonel Anil A Athale (retd).
This is the same level as the peak rate of the Association of South East Asian Nations.
India has offered further pruning of its negative list of 560 items for Association of South East Asian Nations on which there will be no duty cuts
As part of efforts to give a greater fillip to trade, the commerce ministry is working aggressively on finalising trade pacts with countries in the South East Asian region and some Latin American countries.
Asserting that India and Pakistan can unite through a common market, Defence Minister Pranab Mukherjee on Friday invited Islamabad to work jointly for developing a trade and economic block, "which could even be a matter of envy for blocks like Europe
India and ASEAN are working on a list of items on which the two sides will bring down tariffs faster and implement it by January next year.
Essar Power, which had recently bid for setting up a coal-fired power plant in Indonesia, said on Tuesday it is eyeing more coal and gas-based plants in the south east Asian country.
India is pursuing sales to South East Asian countries that are wary of Chinese aggression, including Vietnam and the Philippines.
Tourism Malaysia is close to tying up with Indian Airlines and SriLankan Airlines to offer competitively priced tour packages to travellers from India.
The Indian ace easily beat Indonesia's Prima Simpatiaji in the final.
As the fight reaches its crescendo with the big election day just a few hours away, many political observers billed the unpredictable race for the 47th President of the US as the most consequential one in decades while appearing to project a grim picture for the country's future under a Trump presidency.
The government on Monday allowed privately-owned Jet Airways and Air Sahara to fly to the Association of South East Asian Nations and raised the seat capacity of Indian Airlines and Air-India to these destinations.\n\n
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