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The Dollar Business Bureau India’s Ambassador Sanjay Bhattacharya and Egypt’s Minister for Supply and Internal Trade Supply, Ali El Moselhy, met and discussed various ways to expand trade and reaffirmed that the bilateral relations between the two countries were ‘very strong’. "Last year, India and Egypt had concluded a G to G (government to government) agreement for supply of rice to Egypt at a friendship price," India's Ambassador to Egypt Sanjay Bhattacharyya said. In May this year, Egypt contracted to import 20,000 tonnes of Indian rice though Egypt is a ‘traditional rice exporter’. According to United States Department of Agriculture, Egypt’s rice paddy production was estimated to be 5.1 million metric tonnes while its annual consumption is about 3.95 million metric tonnes. The ...

The Dollar Business Bureau The influential House Appropriations Committee in its report accompanying the annual Appropriations Bill 2018, said that several policies adopted by the Indian government to boost its economic growth, protect domestic manufacturing, actually discriminated against US exports and investments. 'India, while striving to improve its economic growth, has been enacting a series of policies to increase domestic manufacturing and protect domestic industries and agricultural production that discriminate against US exports and investment,' the Committee said. The report was prepared in conjunction with the US Commerce, Justice, Science and Related Agencies Appropriations Subcommittee that has several agencies under its control that combat gangs, drug trafficking, violent crime, terrorism espionage, financial fraud; enforcing trade laws; exploring science, space; managing fisheries etc. The Appropriations ...

PTI Encouraged by Infosys' decision to set up a tech centre in his state and generate 2,000 jobs, Indiana Governor Eric Holcomb will lead a high- powered trade delegation to India later this year with the sole objective of attracting more Indian business, particularly IT companies. "I'm looking forward to travelling to India, probably in the fall, before the winter," Holcomb told PTI in an exclusive interview in his office at the State Capitol. Holcomb, who succeeded Vice President Mike Pence as Indiana governor, said he wanted to travel to India soon after his inauguration early this year but pressing engagements and now the summer prevented him from doing so. Holcomb, who would be the first Indiana governor ...

PTI India has become a land of software developers with the country accounting for the third largest number of such professionals, a senior Microsoft official has said. Driven by immense opportunities that the Indian government's digitisation programme has offered and the fact that it opens up a new vista of more than a billion plus market inside the country, there is a new level of enthusiasm and confidence among the Indian developers' community, said Narendra Bhandari, GM Developer Group in India, Microsoft. "The impact of these policy initiatives like demonetisation and GST, which is being rolled out soon, on software developers is that people who are building these applications are now thinking, how do I build these applications for a ...

PTI The US has approved $75 million high-tech chemical protective clothing for the Indian armed forces that will protect soldiers against biological and chemical warfare. The Joint Service Lightweight Integrated Suit Technology (JSLIST) consists of 38,034 each: suits, pairs of trousers, pairs of gloves, pairs of boots and NBC bags; 854 aprons; 854 alternative aprons; 9,509 Quick Doff Hoods; and 114,102 M61 filters. The entire package also includes 38,034 M50 general purpose masks. The Defence Security Cooperation Agency (DSCA) made a notification to the Congress on May 10 after the State Department made a determination in this regard. India had made a request for these special clothing as part of its military modernization programme. In its notification to the Congress, the DSCA ...

PTI Microsoft's India-born chief Satya Nadella on Wednesday attempted to allay concerns over the increasing use of technology in public life and said building trust was crucial to its utilisation as a tool to "empower" people. Nadella, the chief executive officer of Microsoft, also urged software developers to use technology to bring in "more and more people" within the global technological network. "Building trust in technology is crucial... Ensure that there is more trust in technology each day. We have to capture the essence of the timeless value," Nadella told the annual Microsoft developer's conference 'Build 2017' here. His remarks gain significance amid concerns raised about the use of technology both in the United States and India. The ...

The Dollar Business Bureau Buoyed by improved performance in all major export sectors, Malaysia’s exports grew 24.1% year on year during March 2017. Beating expectations, the South-East Asian economy boasted a double-digit growth in exports for the fourth consecutive month since December 2016. As stated by the Ministry of International Trade and Industry, Malaysia (Miti), exports surpassed economic forecasts of a 20% growth by a significant margin. Explaining the ‘outstanding trade performance in March 2017’, a media release by Miti read, “Malaysia’s trade continued its strong momentum in March 2017, expanding by 31.1% to RM159.86 billion compared with the year before. Higher trade was seen with ASEAN, China, the United States of America (USA), the European Union (EU), the Republic of Korea (ROK) ...

The Dollar Business Bureau  US President Donald Trump said that US’s ties with Russia may be at “an all-time low.” But he also said that it would be wonderful if NATO (North Atlantic Treaty Organisation) and America could get along with Russia. “It would be wonderful as we were discussing just a little while ago, if NATO and our country could get along with Russia. Right now we're not getting along with Russia at all. We may be at an all-time low in terms of relationship with Russia,” the US President told reporters at a joint news conference at White House with NATO Secretary General Jens Stoltenberg.  Trump’s remarks came after a two-hour meeting between Rex Tillerson, US Secretary of State and Russian ...