India and Turkey have agreed to take trade beyond $5 billion target
India and China, besides some developed countries, may face economic downturn in the coming months, according to an analysis by OECD -- a grouping of mostly advanced nations.
Modi hailed the close defence cooperation between the two countries and welcomed the completion of the logistics agreement between the two navies.
It will not be to India's advantage to create misperceptions that it is bandwagoning with some Anglo-American project for regime change in Myanmar, argues Ambassador M K Bhadrakumar.
Both Germany and India are together in the fight against protectionism, German minister of Economics and Technology Rainer Bruederle said in New Delhi.
In a global economic outlook, released Wednesday afternoon, the Paris-based grouping warned: "With inflation remaining elevated and the recovery appearing to have taken root, there is a risk that price increases for inputs will flow through to second-round increases and that inflationary expectations will become destabilised.
The largest numbers of international students to countries in the 33-nation Organization for Economic Cooperation and Development (OECD) grouping are from China and India, with the highest number of Indian students choosing the US as their proffered destination for tertiary education.
A trade agreement between the two nations would have to factor in US' concerns about IPRs and India's anxiety about market access.
This activity will allow us to identify those jurisdictions where either the legal framework is not good enough or practices are not good enough and, therefore, information is not flowing.
The Organisation for Economic Cooperation and Development has projected the Indian economy to expand 8.5 per cent in 2011-12, much lower than the growth of 9.6 per cent witnessed in 2010-11 financial year.
The two leaders are likely to finalise the Comprehensive Economic Cooperation Agreement, which will be formally signed in January next year after the due process of 'legal scrubbing' is over, sources said. The CECA, once signed, might come into force from July 2011.
The initiative for the consultations among the select ministers was taken by Australian Trade Minister Simon Crean.
'Terrorism continues to be the overwhelming threat to security and stability in the SCO region and therefore Dr Jaishankar strongly pitched for 'collective action',' observes Dr Rajaram Panda.
Prime Minister Narendra Modi's visit to South Korea is considered essential in strengthening defence ties, enhancing economic cooperation and forging cultural ties between the two countries, says Dr Rahul Mishra
A joint declaration adopted at the end of the summit talks between Prime Minister Manmohan Singh and Russian President Dmitry Medvedev said Russia supported India's full membership in the Shanghai Cooperation Organisation.
As many as 45.5 million people were unemployed in September in the OECD region, a grouping of mostly developed nations.
While the Framework would support small and medium enterprises in exploring new business opportunities, the US-India Financial and Economic Partnership would deal with economic, financial and investment-related issues.
Indian economic growth slowed down to 6.7 per cent in 2008-09 from 9 per cent in the previous three years, as an aftermath of the global financial crisis.
In a first visit by an Indian head of state to China in a decade, President Pratibha Patil on Wednesday left for Beijing. Besides Beijing, the six-day state visit will take the President to Loyang, where she will inaugurate the famous White Horse Buddhist temple, and Shanghai, where she will visit India and China Pavilions at the Shanghai Expo 2010 and address members of the India-China business forum.
Malaysia on Wednesday said it wants to complete talks this year for a separate trade-opening pact with India, in addition to liberalising commerce through the Indo-ASEAN Free Trade Agreement, operationalised this month.
Malaysia and India are expected to sign a free trade agreement during Prime Minister Manmohan Singh's visit to that country later this year.
The Mutual Logistics Support Agreement will allow militaries of the two countries to use each other's bases for repair and replenishment of supplies besides facilitating scaling up of overall defence cooperation.
However, the economy expanded by 7.9 per cent in the second quarter from 6.1 per cent in the previous quarter, giving hopes of durable economic rebound.
The migration of people to developed countries fell in the wake of the global economic crisis, as many of these nations saw lower demand for labour, according to the OECD.
Bilateral trade between the two Asian giants had already reached $45 billion in the first nine months of 2010, a 50 per cent increase compared to the same period last year.
Canadian Prime Minister Stephen Harper is leading an official delegation on a three-day visit to India during which the two countries are expected to finalise a civilian nuclear deal and ink a major economic treaty. Harper arrived in Mumbai late Sunday night after attending the Asia-Pacific Economic Cooperation (APEC) summit in Singapore.
Ajit Jain, rediff India Abroad's Managing Editor, Canada, who is traveling with Canadian Prime Minister Stephen Harper on his first-ever visit to India, reports on the opening of the Asia Pacifiv Economic Cooperation conference in Singapore.
He said that India will work with Singapore to bring the Regional Comprehensive Economic Partnership to early conclusion. He also said the India-Singapore Comprehensive Economic Cooperation Agreement has been reviewed and the two sides will work to further upgrade it.
The negotiations are expected to take place in the wake of the issue of black money stashed away in Swiss banks.
The political mood seems to have changed in most Organisation for Economic Cooperation and Development capitals, and it would be very difficult for any government to justify new stimulus measures in today's environment. Public pressure to reduce government budget deficits and minimise public debt burdens is growing across the developed world.
OECD has identified at least four tax jurisdictions -- Jamaica, Qatar, Botswana and Ghana - whose tax information system would be studied to find out if they are emerging as the new tax havens following the crackdown on the existing ones. A unique tax identification number would be akin to a global permanent account number for Indian taxpayers which could remain the same across jurisdictions.
India on Tuesday asked Pakistan to name the items it does not want to import from New Delhi, so that trade can be scaled up at least in the other goods -- which it said could help cool regional tensions.
India and China took their economic relationship a step forward today, signing a memorandum of understanding on 'Expansion of Trade and Economic Cooperation' and recognising the need for "balanced trade".
External Affairs Minister S M Krishna on Saturday embarked on a four-day visit to Iran during which its controversial nuclear energy programme and the proposed IPI gas pipeline project are expected to figure prominently in the bilateral talks.
The unemployment rate in the OECD region a grouping of 27 developed and developing nations stood at 8.8 per cent in November 2009, amid the global labour market slowly witnessing signs of stabilisation.
This accord marks the success of India's Look East Policy and is the first with a trading bloc.
This accord marks the success of India's Look East Policy and is the first with a trading bloc.
APEC is an important forum that brings together the dynamic economies of the Pacific Rim and Singapore is an important partner on a range of regional and global issues.
The US Trade and Development Agency is bullish on the exponential growth of the aviation sector in India, despite the global economic downturn.
The differences between the US and China over rival free trade agreements being floated by them threatened to derail the APEC Summit which got off to a colourful start in Beijing China on Monday.
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