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The Dollar Business Bureau The livestock farmers in India have prodded the Government to initiate measures in order to resume the exports of eggs to Qatar, which is now buying the commodity from EU and US at higher prices after the Gulf nation was isolated by its neighbours.  Before 2008, India was meeting 80% of Qatar’s requirements for table eggs. However, after the outbreak of bird flu (avian influenza) in 2006 and 2008 in the northern region of the country, Qatar banned poultry products from India including eggs, according to the Livestock & Agri Farmers Trade Association. Despite norms set by the World Organisation of Animal Health (OIE) to remove the ban after a surveillance of 90 days and to allow imports from ...

The Dollar Business Bureau  The Indian Prime Minister who visited the US and met the American President Donald Trump on June 26, also had a closed-door meeting with 20 top US CEOs the very same day. Many CEOs, according to Mukesh Aghi, President of US India Business Council (USIBC) who spoke to the Indian media, reiterated their ‘commitment to investing in India a very large amount.’ ‘Almost half a dozen of them made a very large dollar commitment,’ Aghi said, refusing to divulge the details of the amount and the names. The meeting which lasted for 90 minutes, ended on a positive, win-win note he said.  The PM had responded favourably to all the questions that the CEOs raised, which revolved around defence, ...

Sheela Mamidenna Earlier in 2017, the Prime Minister Narendra Modi while addressing a geopolitical conference said, “Our economic and political rise represents a regional and global opportunity of great significance. It is a force for peace, for stability and an engine for regional and global prosperity. For my government, this has meant a path of international engagement focussed on building development partnerships that extend from the islands of the Indian Ocean and Pacific to the islands of the Caribbean and from the great continent of Africa to the Americas. Creating Indian narratives on global challenges.”  Well, for that matter, trade agreements play an important role in leveraging a country’s economic growth. Concurring to it, our globetrotting Prime Minister has made more than ...

The Dollar Business Bureau “Brexit has thrown a spanner in the works,” said Maurice Obstfeld, chief economist, IMF. The decision by Britain to leave the EU group will affect global economic growth this year and the next, International Monetary Fund said. The IMF on Tuesday shared its earlier estimate for the global economic growth to 3.1% this year and 3.4% in 2017. The recent estimates are 0.1% lower than the institution’s April forecast.   The IMF said Brexit has created uncertainty which could wear away consumer and business confidence, resulting in freeze in investments. The UK must renegotiate its existing trade arrangements with Europe. United States and China, the world's two largest economies, are unlikely to experience much economic trouble from the turmoil in Europe, it said. The ...

The Dollar Business Bureau West Bengal Chief Minister Mamata Banerjee on Thursday sought American investment in the state during her meeting with a senior US government official. The USA's under secretary for political affairs Thomas A Shannon was on a visit to West Bengal to explore investment opportunities in the state. "We discussed a lot of topics like investment, technology, culture, social media," Banerjee said after her meeting with Shannon at her office. Banerjee said the under secretary has invited her to the US. She, in turn, invited the American President to visit West Bengal. "A lot of students from here study there. We have very good relation with them," the Chief Minister said. Shannon thanked her for the meeting, saying he is impressed with her ...

Sai Nikesh | The Dollar Business The United Nations World Tourism Organisation (UNWTO), in its latest report announced that the international tourism, with a growth of about 3% to 4%, will contribute to the global economic recovery in 2015. According to a region-wise positive outlook for 2015 (confirmed by UNWTO Confidence Index), the growth is expected to be stronger in Asia & Pacific and the Americas, both above 4% to 5%, followed by Europe (above 3% to 4%), Africa (above 3% to 5%) and the Middle East (above 2% to 5%). UNWTO Secretary-General Taleb Rifai says, “The decline of oil prices, not seen since 2009, will lower transport costs and boost economic growth in 2015, by lifting purchasing power and private demand ...