Global economic growth to boost US exports: Janet Yellen
The Dollar Business Bureau Estimating a positive economic prospect for the US, Janet L Yellen, Chairwoman, Federal Reserve System Board has told the American lawmakers that the world growth is likely to boost the US exports. “I expect that, with further gradual adjustments in the stance of monetary policy, the economy will continue to expand at a moderate pace over the next couple of years, with the job market strengthening somewhat further and inflation rising to 2%,” she told House Finance Services Committee members during a Congressional hearing. “This judgement shows our view that the monetary policy continue to be accommodative. The present job gains would continue supporting the growth in incomes, thereby consumer spending. The world economic growth should further support US ...
Manpower exporters appeal to govt to revoke min wage directives
The Dollar Business Bureau The Federation of Overseas Recruitment Associations of India (FORAI) has requested the government to scrap the minimum referral wages (MRWs) directive to foreign employers as, they said, it has negatively impacted the manpower export industry. Recently, the foreign ministry had finalised MRWs for different nations in the Gulf countries and others. The ministry also wanted the host employers to provide free accommodation, food, medical facilities, transportation and applicable overtime wages. "Though well-intentioned, the MRWs are totally at gross variance with the ground reality in the Gulf region and it needs to be scrapped forthwith," said Forai Chairman V S Abdul Kareem. Kareem highlighted that recruitment of Indians in the Gulf region has declined by over 50%, and the number of emigration clearances ...
60% rise in tea exports to Pakistan from India
Indias tea export stands as the second largest tea exporter in the world. It is one of the largest producer as well as consumer of tea. The countrys export brand crush tear curl (CTC) classifies export of tea to countries like UK, Egypt, Iran, Iraq and Russia The Dollar Business Bureau The shipment from India to Pakistan increased from 11.97 million kg in 2014-15 to 16.48 million kg in 10 months in 2015-16 The rise of tea export from India to Pakistan rose up to 60% in the first ten months of the current fiscal year. In other words tea exports increased to Rs.160.82 crores. The comprehensive external shipment of tea has increased by just 11% to Rs 3,597.41 crores. The export of ...
