India ranks 43 out of 45 nations in global innovation index
PTI India ranks abysmally at 43 out of 45 countries in a global innovation index, according to a report released by the US Chambers of Commerce which cited the country's "anaemic" Intellectual Property Rights (IPR) policy and patent act as challenges to innovation. In the 5th annual International IP Index 'The Roots of Innovation' by US Chamber of Commerce's Global Intellectual Property Center (GIPC), there is slight improvement in India s performance; it was ranked last or next-to-last in the previous four years. "In India, many of the same challenges to innovation remain," said David Hirschmann, President and CEO of GIPC. India has 8.4 score as against America's 32.6 which tops the list of 45 countries. The ...
M.V Harbour-1 to ease trade links between India and Bangladesh
The Dollar Business Bureau M.V Harbour- 1, which is the first direct container vessel carrying cotton from India to Bangladesh was started on March 28, 2016 from Krishnapatnam, Andhra Pradesh to Chittagong. The journey was started as a part of the shipping agreement and to smoothen trade between Bangladesh and India. The trade agreements for the same were signed in 1974, during the time when Indira Gandhi was the Prime minister and the agreement was re-introduced on June 2015, during the visit of Prime Minister Narendra Modi to Dhaka. In November 2015, the two countries signed a pact aimed at enhancing trade between them by moving commercial cargoes between the two countries. The procedure for carrying out such an arrangement was ...
Indian economy on the right track! Avers Indian PM
The Dollar Business Bureau Narendra Modi, the Prime Minister of India, in a defiant tone, lashed out to critics on the topic of the Indian economy being on the right track. The PM while addressing the Bloomberg Economic Summit at New Delhi on Monday, provided a strong reasoning and statistics to hit out at critics who have been negatively projecting the Indian economy. In his words, the Indian economy is on sound track, thanks to the laborious efforts of planning, inflows into the country from FDI, and sound policy management. In his address, Modi, referred to critics as ones who find it questionable to see India on the top of the global map in terms of productivity and sound policy management. ...
Modi to go ahead with Brussels visit despite terror attacks
The Dollar Business Bureau Prime Minister Narendra Modi’s public event with the Indian diaspora on March 30th is scheduled to go ahead as per plan as Brussels provides three-tier security to him. The Prime minister is to address a group of 10,000 Indian diasporas after the Indo- EU summit and a formal meeting with Belgium. This event is being organised to be a public event, on the lines of the events that happened in Canada, UK, USA, Dubai, Russia, China and Australia. Officials handling Modi’s Belgium visit have specified that they are in constant touch with the Belgian Foreign Ministry, the Belgian government and the Indian Embassy in Brussels to assess the threat to Modi’s security. As the attack happened in ...
American Lawmakers to help India join APEC
Matt Salmon, Chairman of the House Subcommittee on Asia and the Pacific said, Membership in APEC (Asia Pacific Economic Cooperation) would provide India a constructive forum to glean insight from other Asian countries that have already taken significant steps to advance their economies." The Dollar Business Bureau Asia Pacific Economic Cooperation (APEC), is a forum of 21 economies set up with a view to promote free trade throughout the Asia- Pacific region To help India join the APEC forum, the US legislators sympathetic to India have initiated a legislation in the US congress. The thought behind this was an economically progressive India would benefit the strategic goal of US in Asia. Matt Salmon, Chairman of the House Subcommittee on Asia and the Pacific ...
Current global environment a rare opportunity for India: PM to Missions
The Dollar Business Bureau The Prime Minister, Shri Narendra Modi, today said that the present global environment represents a rare opportunity, when the world is keen to embrace India, and India is moving forward with confidence. Addressing Heads of Indian Missions from across the world, the Prime Minister urged them to use this unique opportunity to help India position itself in a leading role, rather than just a balancing force, globally. Urging them to shed old mindsets, the Prime Minister said they should be quick to adapt to changing global situations. Emphasizing the role of "Heads of Missions" in projecting India to the world, the Prime Minister described them as "shining vibrant representatives" of India's glorious heritage. He ...
