Trade

Trade and development report update: April 2024

The report forecasts global economic growth to 2.6% in 2024, barely above the 2.5% threshold commonly associated with a recessionary phase. The report says the prevailing focus on inflation overshadows urgent issues like trade disruptions, climate change and rising inequalities. It advocates for structural reforms and coordinated global efforts, proposing …

Go slow on ratifying Nagoya Protocol, say experts

Institutionalised mechanism forbenefit sharing mooted As India gets ready to ratify the Nagoya Protocol on Access and Benefit Sharing (ABS) arising from utilisation of genetic resources, scientists and Intellectual Property Rights (IPR) experts point to the dangers of opening up the country’s rich biodiversity for exploitation by foreign powers without …

Indian healthcare and foreign direct investment: Challenges & opportunities

Healthcare is one the fastest growing service sector in India. Given the growing importance of the health care sector and the significant development of trade in health services, foreign direct investment (FDI) in this sector has gathered momentum in the recent years. Since January 2000, FDI is permitted up to …

World economic outlook 2012: coping with high debt and sluggish growth

The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the "fiscal cliff" facing U.S. policymakers. Reducing the risks to the medium-term outlook implies reducing public debt in the major advanced economies, and Chapter …

Japan rejects prawn order, Odisha exporters worried

Shrimp farmers and exporters in the State are worried. Japan, one of the major prawn importers, has recently rejected huge consignments claiming them unfit for consumption due to presence of antibiotics. This has come as a bolt from the blue for the shrimp farmers in Odisha who had suffered huge …

Unauthorised ‘checking of influx’ irks mine owners in Jaintia hills

JOWAI: Unauthorised checking of labour licenses by certain NGOs in Jaintia hills have badly affected coal mine owners, who have claimed that such checking has led to shortage of manpower in their respective mines. Coal traders allege that checking of labour license and other documents of inter-state migrant labourers has …

Punjab may welcome retail FDI if Centre protects traders: Sukhbir

As state looks beyond paddy, farm panel says FDI an opportunity. Punjab's Akali Dal government may have agreed to toe the NDA line and oppose FDI in multi-brand retail but Deputy Chief Minister Sukhbir Badal Tuesday said the state could do an about-turn and welcome the move if the Centre …

Direct crop purchase to bring gains of FDI in retail’

Chandigarh: Amid a furore over FDI in multi-brand retail, the Haryana government has said its allowing direct purchase of horticulture produce and setting up of primary processing facilities by private players will help farmers gain from foreign investments in the sector. As part of major reforms in the farm sector, …

FDI will wipe out HP fruit industry: Govt

Himachal Pradesh Horticulture Minister Narinder Bragta on Wednesday said FDI in multi-brand retail will wipe out Indian fruit industry and besides, Himachal Pradesh, Uttrakhand and Jammu & Kashmir will also suffer losses. This comes at a time when the state is already facing competition from apples in China, US and …

Interpol wants to join the ‘fake drugs’ battle, Indian government fights shy

New Delhi The International Cri-minal Police Organisation, popularly known as Interpol, wants to assist the Indian government in its effort to clamp down on the alleged ‘fake drugs’ network in the country. While the France-headquartered agency wants New Delhi and India’s generic drug companies to sign up for the Interpol …

Cement cartel: COMPAT notice to CCI

New Delhi Competition Appellate Tribunal today served notices to the Competition Commission and the Builders Association of India, on whose complaint the fair trade regulator had imposed a penalty of Rs 6,307 crore on 11 cement firms on charges of cartelisation. Hearing an appeal by cement companies, including UltraTech and …

Emulating Dubai-model food safety a ‘ridiculous’ idea, says WHO expert

“There is no dearth of rules, regulations or laws in India to protect the health of consumers or to ensure fair practices in the food trade. But, laxity or some sort of `misfiring’ at the implementation level has been identified as the key problem facing the State in terms of …

Sesa Goa closes mining operations in Goa; scrip tumbles 6 percent

With the Goa government putting a blanket ban on mining, Vedanta group firm Sesa Goa on Tuesday said it has stopped extraction of iron ore from all its mines in the state, leading to 6 per cent fall in its stock price. Following the suspension of works, all the mining …

APEC to cut tariffs on 'green' goods

REGIONAL leaders have agreed to cut tariffs on solar panels, wind turbine blades, solar hot water systems and other ''environmental goods'' in what has been hailed as a shift against protectionist sentiment after global financial turmoil. Meeting in the Russian port city of Vladivostok, the 21 leaders of the Asia-Pacific …

Experts say EU's solar decision is 'destructive'

China observers in Europe said that the opening of an anti-dumping investigation into Chinese solar panel exports by Brussels is "unfortunate, destructive and not smart" while urging Beijing to react reasonably to avoid an escalation. The experts said that they don't believe officials in Brussels "deliberately" announced the decision on …

Green products on agenda in Vladivostok

The annual Asia-Pacific Economic Cooperation Leaders' Meeting this weekend in the Far Eastern Russian city of Vladivostok has put drawing up a list of environmentally friendly goods on its agenda. Ministers from 21 Asia-Pacific Economic Cooperation member economies on Thursday agreed to present a 54-item list of goods for tariff …

Global chemicals outlook 2012

The Global Chemicals Outlook assesses the status of health, environmental, economic and institutional factors related to the production, use, and disposal of chemicals, with a focus on issues relevant to developing countries and countries with economies in transition. Alerting Ministers and decision-makers on the most pressing challenges related to the …

EU and Australia link trading emission systems

The European Union (EU) has announced that it will link its emissions trading system with Australia's emissions trading scheme, allowing businesses to use carbon units and comply under either system. Australian Minister for Climate Change and Energy Efficiency, Greg Combet, and the European Commissioner for Climate Action, Connie Hedegaard announced …

Stop using plastic bags or pay fine of Rs 5,000, Ponda traders warned

Ponda Municipal Council (PMC) has warned traders to refrain from using plastic bags, failing which they could attract a fine of upto Rs 5,000. It may be recalled Chief Officer Pradip Naik had issued orders banning plastic bags in Ponda municipality from August 16. However, the ban was postponed for …

Odisha-Jharkhand to meet to curb illegal mining

Perturbed over illegal transportation of minerals through forest and other routes, Odisha and Jharkhand are planning to impose restriction on plying of heavy vehicles in border areas and mapping of such routes indicating places where low height barricades need to be erected or trenches dug. Efforts to curb illegal mining …

Illegal ‘Live’ Organ Trade on Rise as Donors Fail to Volunteer

Getting right donor at right time remains a far cry here as superstitions, non-declaration of brain-dead patients make 1000s die for want of donors As many as 1.25 lakh Indians died in road accidents last year, but only less than 20,000 of them had donated their organs — such as …

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