Matthias's Feed
Apr 12, 2012

Pakistan holds trade show in India, but obstacles remain

NEW DELHI, April 12 (Reuters) – Showcasing gourmet chefs and
catwalk fashion, Pakistan unveiled a trade fair on Thursday in
India’s capital as commercial ties between the nuclear-armed
rivals begin slowly to bloom.

Despite a combined population of 1.4 billion people and
thousands of years of shared history and culture, cross-border
trade between India and Pakistan is paltry – a legacy of three
wars since their independence from Britain in 1947.

Apr 12, 2012

Pakistan reveals soft side to India with trade show

NEW DELHI (Reuters) – From gourmet chefs to fashion houses showcasing muslin suits on the catwalk, Pakistan will unveil a trade fair in New Delhi on Thursday to reveal a soft side to traditional foe India as commercial ties between the nuclear-armed rivals begin to bloom.

Despite a combined population of 1.4 billion people and thousands of years of shared history and culture, cross-border trade between India and Pakistan is paltry – a legacy of three wars since their independence from Britain in 1947.

Apr 10, 2012

India challenges U.S. visa rules at WTO, eyes steel case

NEW DELHI, April 10 (Reuters) – India is challenging a U.S.
law that raised visa fees for high-skilled foreign workers as a
violation of global trade commitments and is planning another
case against U.S. import duties on steel pipe, In d ian officials
said on Tuesday in t he latest sign of prickly trade ties between
the two allies.

The complaint at the World Trade Organization against the
2010 U.S. visa fee increase, w hich India protested at the time,
i s at the level of “consultations” between the two parties, the
last stage before entering a full-fledged legal dispute.

Apr 10, 2012

Exclusive: India to challenge U.S. duty on steel pipes: source

NEW DELHI (Reuters) – India is preparing to challenge a U.S. import duty on steel pipes by requesting “consultations” at the World Trade Organization, a senior trade ministry official said, in the latest in a series of recent disputes between the two allies.

The United States Commerce Department in March set a preliminary import duty of nearly 286 percent on a certain type of steel pipe from India to offset government subsidies. A final decision on duty rates is expected by August.

Apr 10, 2012

India to challenge U.S. duty on steel pipes: source

NEW DELHI (Reuters) – India is preparing to challenge a U.S. import duty on steel pipes by requesting “consultations” at the World Trade Organisation, a senior trade ministry official said, in the latest in a series of recent disputes between the two allies.

The United States Commerce Department in March set a preliminary import duty of nearly 286 percent on a certain type of steel pipe from India to offset government subsidies. A final decision on duty rates is expected by August.

Apr 4, 2012
Apr 3, 2012
via India Insight

India must prepare for surge in elderly population: WHO

Photo

India must spend more money and improve public services to prepare for a surge in its elderly population in the coming decades, the country head of the World Health Organisation (WHO) said.

Here are excerpts from a Reuters interview with Nata Menabde:

What is the state of India’s elderly population?
“The percentage of elderly is growing very very fast, especially in India and in Southeast Asia also. The projections are that we will have between 12-13 percent of elderly as part of entire population by the year 2025, and that we’re going to reach some 17 percent of the population being elderly by 2050. Now that is every fifth Indian being elderly, which is going to be a very different society as a whole which needs to be seriously taken into consideration.”
“There’s no surprise for any one that generally healthcare provision in India requires a major improvement and that is very much related to differences of healthcare provision in urban and rural areas.”

Apr 2, 2012

Global business groups warn India over new tax plan

MUMBAI/NEW DELHI (Reuters) – International trade groups representing more than 250,000 companies have told Indian prime minister Manmohan Singh in a letter that his government’s new retrospective tax proposals have led foreign businesses to reconsider their investments in the country.

India’s federal budget last month outlined a proposal to enable the tax authorities to make retroactive claims on overseas corporate deals and bring in new anti-avoidance measures, moves that have been criticised for further denting investor sentiment.

Apr 2, 2012

Global business groups warn India over tax plan impact

MUMBAI/NEW DELHI (Reuters) – International trade groups representing more than 250,000 companies have warned Indian Prime Minister Manmohan Singh that new taxation proposals by his government have led foreign businesses to reconsider their investments.

India’s federal budget last month outlined a proposal to allow authorities to make retroactive tax claims on overseas deals and bring in new anti-tax-avoidance measures, moves that have been criticized for further denting investor sentiment.

Mar 28, 2012

BRICS agree not bound by “unilateral” sanctions on Iran: South Africa

NEW DELHI (Reuters) – The BRICS group of countries have broadly agreed they are not bound by “unilateral” sanctions on Iran, measures that threaten higher global oil prices and could result in supply shortages, South Africa’s trade minister said on Wednesday.

The BRICS group of emerging world powerhouses – Brazil, Russia, India, China and South Africa – are meeting in New Delhi amid Western pressure to cut crude imports as part of sanctions designed to halt Tehran’s suspected pursuit of nuclear weapons.