India cautions traders about fraud in import-export from China
PTI Indian diplomatic missions in China have cautioned traders from India that they may end up getting sand, stones, salt, bricks, mud etc in place of items ordered and issued detailed guidelines to avoid incidents of cheating. The Indian Embassy and the Consulates have issued trade advisories to various trade bodies and associations cautioning traders and small and medium enterprises (SMEs) planning to do business with China after receiving several complaints. "It is to enhance the commercial cooperation between India and China by drawing attention to some of the risks faced by Indian traders/SMEs to take preventive and/or mitigating action," said the advisory. "The information contained in this advisory is based on trade-related problems that are periodically brought to the Consulate's attention for information, facilitation ...
Industry experts caution India over Greece crisis
Sai Nikesh | The Dollar Business The ongoing economic crisis in Greece will have a negative impact on India and widening of the same would badly affect Indian economy on a larger scale, according to industry experts. “Being part of the global economy and as a nation heavily depending on foreign support, India will need to face consequences of economic actions, crises and bad financial sentiments across the world,” said B C Bhartia, president, Confederation of Indian Traders (CAIT), speaking to The Dollar Business. He went on to say that ongoing crisis may lead to outflow of capital from India and foreign investors taking back their investments or hesitating for future investment in the country. This will have a negative impact ...