Search Result for : Spain

The Dollar Business Bureau  After completing his engagements in Germany, Prime Minister Narendra Modi arrived in Madrid, the capital of Spain, on the second leg of his four-nation, 6-day tour focussed at enhancing bilateral economic cooperation with these four nations and to invite more investments into India.  “Landed in Spain, marking the start of a very important visit aimed at improving economic and cultural relations with Spain,” Modi tweeted just after landing in Spain.  Modi will be the first Indian Prime Minister to visit Spain in around 30 years. The last one was in 1988 by the then Prime Minister Rajiv Gandhi. “Hola Espana! Prime Minister Modi arrives in Madrid, first visit by an Indian Prime Minister in nearly three decades, is received by ...

Sheela Mamidenna  With the Central government announcing curbs on cattle slaughter on May 26, the leather exports industry seems to be bracing itself for a rapid downward spiral. Though there seems to be a lot of misinterpretation on the latest notification, till the Government comes up with a plausible explanation, the Indian leather industry and its buyers are left frazzled.  According to media reports, major international fashion houses have started enquiring from their suppliers whether they would be able to meet their commitments.  Meanwhile, the Commerce and Industries Ministry has suggested a proposal to the Finance Ministry asking for a Rs 4,000-crore package, which includes both tax and non-tax benefits similar to the one announced for the textiles sector last year. According to officials ...

The Dollar Business Bureau Global wine production this year is slated to decline to its lowest level in two decades due to various climatic events such as El Nino. According to The International Organisation of Vine and Wine (OIV), global wine production is projected to fall by 5% because of climatic events, resulting in sharp decline in production in most of the southern hemisphere, particularly Chile and Argentina. In 2016, the wine output is estimated to reach 259.5 million hectoliters (mhl), which is one of the lowest production years in the past two decades. While the amount of wine produced should meet the demand of the consumers, the figures are a reminder how global warming and natural climate variability are having a profound effect on wine, ...

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 ...

Vanita Peter D’souza| The Dollar Business In what could be a game changer for Indian tourism, Finance Minister Arun Jaitley has extended the ‘visa on arrival’ facility to citizens of 150 countries. “After the success of VISAs on arrival issued to travelers of 43 countries, I propose to increase the countries covered to 150, in stages,” Jaitley said while presenting the first full budget of Modi Sarkar on Saturday. According to data released by Ministry of Tourism, those availing Tourist Visa on Arriva (TVoA) saw a stupendous jump of 1,214.9% (YoY) in January 2015, as 25,023 foreign tourists made use of this convenience. Reacting to this budget announcement, a delighted Dr. Mahesh Sharma, MoS for Tourism, said, “It’s a ...