Search Result for : G20 Summit

The Dollar Business Bureau   During her visit to Argentina, Germany’s Chancellor Angela Merkel said on Thursday, that the two countries have agreed to promote multilateral trade and to protect the environment from climate change. The German Chancellor is on a visit to Latin American countries ahead of the G-20 summit, to be held in July in Germany. Merkel has criticised the protectionist stance taken by the US and called the decision of President Donald Trump of withdrawing from the Paris climate accord ‘extremely regrettable.’ In a press conference with Argentina’s President Mauricio Macri, she said that both countries want to be a part of the ‘interconnected world’ and are dedicated to protecting the Paris accord. “No one alone in this world — no individual and no ...

The Dollar Business Bureau Indian Prime Minister Narendra Modi and Turkish President Recep Tayyip Erdogan have recently held conversations and reviewed security and trade agreements with a view to improve trade between the two countries. The President’s first foreign visit, after the recent 16th April referendum was a closely observed spectacle as the two countries have observed an increase in bilateral trade and there was hope that this number could only be increased in recent times. Both leaders vowed to work together and to strengthen cooperation bilaterally and multi-laterally at a press conference organized during Erdogan’s first day in the capital. The discussion revolved around regional and international issues of mutual concern such as tackling counter-terrorism, regional security scenario and more importantly India's ...

The Dollar Business Bureau The CBEC in its recent notification No.61/2016-Customs dated 27/12/2016 has detailed that the import duty on Technitium-99m ((HS 2844) ) has been withdrawn. India imports medically important radioisotopes such as Iodine-125, Iodine-131, Phosphorus-32, Samarium-153, Lutetium-177, Molybdenum-99 which are used for sourcing Technetium-99m. These radioisotopes are imported from France, Russia, Kazakhstan which are then put to use in radiopharmaceutical research and development. India also imports Molybdemun-99/Techtinium-99 from Canada, Egypt and South Africa. According to the report on G20 trade and investment measures at Hangzhou, China on 4-5 September 2016, G20 Leaders emphasised that strong economic growth must be reinforced by robust and sustainable trade. They reaffirmed their determination to ensure a rule-based, transparent, non-discriminatory, open and inclusive multilateral trading system with ...

The Dollar Business Bureau  India is focussing more on developing alternative fuel economy and will soon stop importing petroleum products, Central Minister Nitin Gadkari said today. He was speaking at a conference organised by Niti Aayog. The main theme of the conference was Methanol Economy. Inaugurating the International seminar  on India’s leap into Methanol Economy, there were policy makers from road transport to petroleum ministry to Niti Aayog who gathered to discuss and deliberate.  Speaking at the inauguration Union Minister Nitin Gadkari said that govt aims for zero imports of petroleum and focus are on the use of bio mass as a source of energy which will boost the rural economy. Vice Chairman Niti Aayog, Arvind Panagriya said, “climate change was a big ...

PTI The world's top 20 economies on Sunday agreed to improve international trade governance in view of the global slowdown due to increasing anti-trade measures that have become more universal since 2009. G20 nations, which account for 85 per cent of the world trade, would remain committed to an open global economy, and will further work towards trade liberalisation and facilitation, said a statement released following the two-day G20 Trade Ministers Meeting in Shanghai. The World Trade Organisation (WTO) statistics showed that global trade growth has slowed significantly since 2008, from an average of over 7 per cent per annum between 1990 and 2008, to less than 3 per cent between 2009 and 2015. Last year marked the ...

The Dollar Business Bureau India intends to boost its nuclear capacity to 63,000 MW by 2032 by installing a total of 30 reactors at an approximate cost of $85 billion   Ending over a year-long negotiation on uranium exports to India, Australia has finalised an agreement allowing the energy-starved country to begin import of the fuel to meet its energy production requirement. “The Australia-India Nuclear Cooperation Agreement permits Australian companies to commence commercial uranium exports to India. This Agreement provides the framework for substantial new trade in energy between Australia and India,” Australia’s Minister of Foreign Affairs said in a statement. Uranium imports from Australia will help India generate enough electricity to meet its ever-rising domestic demand for energy. “The administrative arrangements have ...

Source: PTI Prime Minister Narendra Modi with BRICS leaders at a meeting, on the sidelines of G20 Summit 2015, in Turkey.   Government will soon bring a new law on public procurement to check corruption and domestic black money, Prime Minister Narendra Modi said on Monday while seeking greater global cooperation for return of illicit money stashed abroad. He also said that the barriers of excessive banking secrecy must be removed and all countries should implement a Common Reporting Standard based on Automatic Exchange of Tax Information for better cooperation on such matters. Modi said India has “zero tolerance for corruption and black money” and listed out efforts including a new law to deal with the undisclosed assets kept abroad and ...

 Source: PTI Prime Minister Narendra Modi and the Prime Minister of Australia, Malcolm Turnbull in their first bilateral meeting on the sidelines of G20 Summit 2015, in Turkey on Sunday   The Indo-Australia free trade agreement is on track to be sealed by the end of the year but “issues” in India could impact plans for realising the deal, Trade Minister Andrew Robb has said. The minister's latest remark came at a time when Prime Minister Narendra Modi is set to meet his Australian counterpart Malcolm Turnbull and discuss the trade pact on the sidelines of the G20 summit in Turkey on Monday. The trade pact is likely to dominate talks between both the leaders who on Sunday night announced the completion of all the ...