India has asked the US to return shrimp Exporters’ money locked up in Customs bonds. The US had imposed anti-dumping duty of 10.17% on Indian shrimps in 2005 and also asked local importers to provide enhanced Customs bonds worth the duty for past 12-month imports. When the US shrimp importers refused to furnish these bonds, India’s Exporters had to shoulder the cost to keep shipments going. Following a successful complaint by...
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A yawning gap by Sanjeeb Mukherjee
From the time a farmer in India harvests his produce to the time it lands on your plate, farm products go through several layers of middlemen, wholesalers, cold chains and other intermediaries, which push its price up by many notches. The end result: growers get paid less and consumers pay more. The stranglehold that the government has over agriculture produce marketing in India has given rise to abject inefficiencies, lack...
More »India-EU generic drug row 'resolved' at Brussels summit
A row between the EU and India over the transit of generic drugs through Europe has been resolved, negotiators told Reuters news agency.As a result of the deal at an India-EU summit in Brussels, an Indian complaint to the World Trade Organization will be suspended, India's trade minister said.But some fear the free trade agreement (FTA) at the core of the summit will hurt generic drug production.The FTA, one of...
More »Aadhaar leading a surge in bank accounts: Nilekani
The Unique Identification Authority of India is already seeing a massive explosion for bank accounts among people enrolling for Aadhaar or the unique IDs issued by the authority, its chairman Nandan Nilekani said. Some 80% of people enrolling for the IDs want bank accounts, he said at a lecture here organised by the Indian Institute of Banking & Finance on Thursday. “If we are able to provide every such person with...
More »FTA will hurt livelihoods in India, Europe: civil society
Halt ongoing negotiations, says open letterWith Prime Minister Manmohan Singh set to hold talks with his counterpart in Brussels on trade and economic issues, a broad civil society alliance on Thursday called on the European Commission and India to immediately halt the ongoing negotiations for an India-EU Free Trade Agreement.The India-EU summit on Friday is likely to give a political mandate for working towards the conclusion of the FTA in...
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