Guruprasad Mohapatra takes over as Chairman, AAI
The Dollar Business Bureau Dr. Guruprasad Mohapatra, IAS Officer of Gujarat Cadre, (1986 Batch) in the rank of Additional Secretary to the Government of India, took over as Chairman, Airports Authority of India, today, the 19th of July, 2016. Prior to joining AAI, he worked as a Joint Secretary in the Department of Commerce in Government of India. It was during this tenure that The Dollar Business Bureau had the chance to talk to him and gather inputs with regard to govt efforts to enhance exports through the EOU (Export Oriented Unit) scheme that the Govt had floated to encourage exports. Dr. Guruprasad has worked extensively in the power sector, urban development and industry, where he was involved in comprehensive reforms in the power ...
China's foreign trade declines, record drop in forex reserves
Source: PTI China on Tuesday said its foreign trade in August decreased 9.7% year on year to about $320.8 billion amid rising concerns over the record drop of $93.9 billion in the Communist giant's foreign exchange reserves last month. Latest data released by General Administration of Customs (GAC) shows that while exports fell 6.1% year on year to 1.2 trillion yuan, compared with an 8.9% drop in July, the imports slumped 14.3% to 836.1 billion yuan, compared with July's decrease of 8.6%. Trade surplus expanded by 20.1% to 368 billion yuan in August. In the first eight months of 2015, foreign trade slipped 7.7% year on year to 15.67 trillion yuan, the GAC figures showed. Exports dipped 1.6% to 8.95 trillion ...
Sharp decline in India's exports to China in H1
Source: PTI India's exports to China declined by over 24% to $6.89 billion in the first half of this year, while the Communist trading giant's exports surged by 10.8% to $27.29 billion, pushing the bilateral trade to over $34 billion. China's foreign trade volume continued to drop in the first half, slipping further from a 6% decline in the first quarter, but the lacklustre performance was redeemed by the country's exports to India and other Asian nations. India-China bilateral trade registered a 1.1% increase and touched $34.19 billion as India continued to expand the export base for Chinese goods, according to data released by General Administration of Customs (GAC) today. Despite China's promises to address India's concerns over the spiralling trade deficit, ...
