India is not particularly enamoured by the AMF idea and would much rather see the Fund revitalised and reinvented as a multilateral institution. Indeed, there could be a meeting of minds between India and the US on the IMF's future.
Communist Party of India-Marxist (CPI-M) on Friday organised a 500-kilometre-long human chain with over four million participants in Kerala to protest a treaty signed with the 10-country Southeast Asian bloc. The agreement will be effective from Jan. 1, 2010, and tariffs on the products covered would be reduced to zero between 2013 and 2016. The Communists oppose the agreement saying its would sound the death knell for the southern state's agro-based economy.
"We will intensify our engagement with Association of South East Asian Nations, China, and India to press the Burmese leadership to reform and to participate responsibly in the international community," Assistant Secretary of State for East Asian and Public Affairs, Kurt Campbell said.
Tata Motors recently cut the sales forecast of its luxury car brand, JLR, due to chip shortages, scaling down its production numbers from the earlier 120,000 units to 60,000-65,000 units by September, and leading to an almost 10 per cent fall in the company's stock. In May this year, Bosch India, too, had stated that chip shortfalls would impact its production, as supply chains were getting disrupted.
India and the Association of Southeast Asian Nations signed an FTA in goods in August last year and are engaged in intense negotiations to expand this pact to include services and investments.
The pact on trade in goods under the Comprehensive Economic Cooperation Agreement was signed by Indian commerce and industry minister Anand Sharma and ASEAN economic ministers after more than six years of intense negotiations.
India is the only country which has a negative list incorporated in a trade pact with Asean.
Notwithstanding their differences on the boundary question, India and China on Wednesday vowed to deepen their multi-faceted ties for a "lasting friendship" as Union External Affairs Minister S M Krishna met his Chinese counterpart Yang Jiechi in Phuket.
A cameraman tells us how India can learn lessons in handling crisis.
Government officials said the Asean FTA, as well as a similar pact with South Korea involving free trade of goods, services and investment, could be signed on the sidelines of the summit of Asean nations, scheduled in October this year. The India-South Korea Comprehensive Economic Partnership Agreement is also ready for signing, sources added.
JSL Ltd (formerly Jindal Stainless) had last year entered into a joint venture with the mining firm PT Antam to build a 20,000-tonne ferro-nickel plant and 3-lakh-tonne stainless steel slab unit in Indonesia. However, with prices of nickel, a vital input for producing the alloy, dipping sharply, the Indian firm has decided to drop the project.
He also reiterated India's strong support in the fight against terrorism with Sri Lanka, which saw the country's worst terror attack on Easter Sunday.
The CEPAs with South Korea and Japan are likely to be concluded in September and October, respectively. While the pact with South Korea is likely to have only a moderate impact on the economic relationship between the two countries, the one with Japan will immensely help the Indian industry in gaining market access in the world's second largest economy. Currently, bilateral trade between India and Japan, which is currently close to $4 billion.
The World Health Organisation has given $ 2 million to a Pune based vaccine making firm to develop and manufacture swine flu vaccine.
The 10-member ASEAN described the Indo-US nuclear deal as an extremely positive step, hoping that the two countries would be able to conclude the pact soon.
India-ASEAN Summit, scheduled for December 17 in Thailand, has been postponed as crisis-ridden South-East Asian country is unable to host the meet.
Abdullah Badawi's remarks come after a ruling by this Muslim-majority country's National Fatwa Council that yoga was haram (forbidden) as it involved chanting of mantras which was against Islamic teachings and that people could deviate from Islam if they performed yoga which has its roots in Hinduism
Foreign exchange reserves of eight Asian countries have depleted by a record $36 billion in August alone, as foreign investors pulled out money and central banks were seen using the reserves to prop up falling local currencies.
Not less than 10,000 people, mostly children, are trafficked into the Northeast with a good number smuggled in from Bangladesh, Nepal and other South East Asian countries, surveys by NGOs have revealed.
India demonstrated leadership on behalf of countries in South-East Asian Region to integrate agricultural diversification and alternative crops to tobacco in the comprehensive tobacco control as FCTC proposes.
The FTA will provide Indian trade and industry with access to a large and vibrant market in a region that is increasingly prosperous. This market is bound to expand further as the Asean trading bloc is already in talks with countries like China, Japan, South Korea, Australia and New Zealand for free or preferential trade pacts.
This will hit the Indian plantation sector as it is not competitive, cost wise, and will be wiped out from the domestic market as well as from the export market, according to D P Maheshwari, president, United Planters' Association of Southern India.
CBI had registered a case under Section 120-B (criminal conspiracy).
India, who beat Syria 1-0 in the final of the tournament in 2007, are placed in Group A along with Lebanon and Palestine, who replaced Thailand after the South East Asian country refused to send their national 'A' team. Syria, Kyrgyzstan and Sri Lanka make up Group B.
Despite no real change in the economics governing their industry, coinciding with the lean season, low fares on domestic sectors -- as promised by the airlines -- are suddenly back. The drop in fares, in many instances, is quite significant.
A gold-encrusted dagger belonging to Mughal emperor Shah Jahan is expected to fetch 500,000 pounds when auctioned at Bonhams on Thursday.The dagger is part of the collection of Islamic and Indian art and artefacts of the late textile businessman Jacques Desenfans.The inscriptions in nasta'liq script on the blade include Shah Jahan's official titles, date and place of birth, and the honourific parasol.
Changing political situation in America and European countries have forced rich Islamic investors from the Gulf countries to look for investment opportunities in South East Asian countries, including India.
ASEAN's dialogue partners are -- Australia, China, the EU, Japan, New Zealand, South Korea, Russia and the US.
Due to the over-heating of the valuations of companies in India, private equity player Electra Partners is giving greater emphasis to investments in South East Asia.
India's largest auto maker Tata Motors on Tuesday said it will set up in Myanmar a heavy truck manufacturing facility with a capacity of 1,500 units per annum.
Emu happens to be the second largest bird in the world and is an Australian version of Ostrich. It belongs to the ratite group and have high economic value for their meat, eggs, oil, skin and feathers. Emu farming began in a small Emu farm in Kharanga (Gode) village in neighbouring Wardha district and it has spread its wings across Vidarbha.
Outbound travel from India to the south east Asian destination of Malaysia is expected to see a dip of 20 to 40 per cent with the Malaysian government cancelling the visa-on- arrival facility for Indian travellers, effective August 1.
Formula One's governing body would carry out a full safety assessment before agreeing to any night-time race.
Differences among the Association of South-East Asian Nations came to the fore on Tuesday night when 10 heads of governments aborted a briefing by United Nations Special Envoy Ibrahim Gambari on the Myanmar situation after Prime Minister Gen Thein Sein strongly opposed the move.
Malaysia has said that about 2,000 foreign workers are expected to be laid off over the next two months and repatriated as the global recession slowly made its presence felt in this south east Asian nation.
The two countries have already formed a Steering Committee to carry forward the proposals, one of which relate to setting up a 2,500-acre multi-product SEZ in the south.
Faced with high energy costs hitting economies of the region, leaders of Association of South East Asian Nations and their dialogue partners on Monday agreed to strengthen regional cooperation on energy security
On the sidelines of the India-ASEAN summit, Prime Minister Singh might also have bilateral meetings with some of the leaders.
Panacea Biotec is planning to launch its organ transplantation drugs to Latin American and South East Asian markets.
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