India's merchandise exports grew in the first three weeks of November compared with the same period last year, according to preliminary government data, Commerce and Industry Minister Piyush Goyal said on Tuesday. The uptick comes despite globa
The meeting, which would have representation from the ministries of finance, external affairs and micro and small and medium enterprises, would suggest steps to prepare the way for the annual supplement to the Foreign Trade Policy (2009-2014), expected to be unveiled in April.
A meeting of the Board of Trade, an advisory body to the Commerce Ministry, is likely to be held on October 11, a ministry official said.
'Do not get into the calculations that you see on television...Oh if you are looking at $5 trillion economy, the country will have to grow at 12 per cent, today it is growing at 6-7 per cent'
Exporters, facing slump in demand in the major markets of the US and EU, are expecting incentives in the foreign trade policy, to be unveiled in the second half of the month. The FTP broadly spells out the segments of priority in external trade and also gives incentives and disincentives, depending on the country's needs.
Referring to the concerns raised by industry captains and others during the meeting, Gujral admitted that the weakening Rupee is hurting importers.
His vision drove ITC to pursue business models that today support over 6 million livelihoods, many amongst the weakest in society.
The working group members have been selected from the board of trade, which met here under the chairmanship of Commerce and Industry Minister Anand Sharma.
Billionaire Jignesh Shah-promoted Financial Technologies today said it will launch three new international exchanges, including Bahrain Financial Exchange and Singapore Mercantile Exchange, this year.
Work on a dozen decisions to start by next week.
The turmoil in financial markets seems to be affecting the global expansion plans of Financial Technologies, promoter of top domestic commodity bourse MCX, and trading at its overseas exchange ventures in Singapore, Mauritius and Bahrain may get delayed by about a year.
In the past month, wheat prices have increased 6.3% as production is expected to be 1.5% lower, in terms of crop acreage, than the earlier estimate
The first leap towards an organized derivatives market came in 1848, when the Chicago Board of Trade, the largest derivative exchange in the world, was established. Today, equity and commodity derivative markets are rapidly gaining in size in India. In terms of popularity too, these markets are catching on like a forest fire.
If you are having a string of winners, don't stop trading arbitrarily.
In a research note, Standard Chartered Bank said continuing concerns over exportable surpluses should keep rice prices above $20 per quintal for most of the year. Among the concerns are export restrictions that could potentially increase inflationary pressures in importing countries that have few substitutes for rice. When the new crop arrives from Thailand it will exert downward pressure on prices.
Unlike the general futures contracts, a buyer/seller of the Binary Event Futures takes a 'yes' or a 'no' position
Bilateral trade between India and Thailand was expected to touch $10 billion in the next three years from the current $3.4 billion, Vice-Chairman of the Board of Trade of Thailand Somkiat Anuras said on Monday.
In fact, a cotton futures exchange was started in Bombay (now Mumbai) in 1875.
Flour millers want import duty exemption.
Sharma was addressing the members of the Board of Trade, a body comprising captains of Indian industry.
Setting a target of $500 billion for two-way trade by 2010, Prime Minister Manmohan Singh on Friday directed various ministries to work towards removing constraints to exports, including infrastructure bottlenecks, and easing of labour laws.
The CBRE Urban Photographer of the Year competition encourages professional and amateur photographers to capture cities at work.
RBI should monitor export credit offtake and how well banks implement its instruction.
Exports had risen over 11 per cent in July, year-on-year.
Few top honchos of India Inc did very well in 2014.
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