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News for week ended 17th october,2010


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News for week ended 17th october,2010

  1. 1. NEWS……………………… for week ended 10/10/2010<br />By:- Robin Inderpal Singh<br />
  2. 2. Bangladesh, India to sign ‘border haat’ agreement<br />To allow makeshift bazaars at their common bodes.<br />The modus operandi of the proposed ‘haats’ for boosting bilateral trade<br />Bangladesh imports from India in 2008-09 were $ 2.841 billion and exports to India were $ 276.58 million<br />Total bilateral trade stood at $ 3.117 billion.<br />
  3. 3. Anti-dumping duty on phenol imports<br />Ministry to impose anti-dumping duty of up to $ 547 per tonne.<br />This duty is on the import of phenol, chemical used by plywood and pharma industries<br />It is imposed on the Japan and Thailand.<br />The to be range from $10.03 per tonne to $ 547.03 as recommended by ADAG.<br />
  4. 4. WTO drug seizure case to stay till EU changes its Customs laws<br />India will not withdraw its case against the EU at WTO for wrongful seizure of drugs.<br />Until EU agrees to amend its customs laws to prevent such action in future.<br />This is the statement of commerce secretary Mr. RahulKhullar.<br />Earlier India along with Brazil, filed a complaint against EU<br />
  5. 5. ‘Preference Shares can’t be treated as FDI’<br />RBI rejected proposal of DIPP to allow to allow optionally convertible debentures and preference shares as the part of FDI.<br />RBI said FDI investor should bear the entire project risk similar to borne by an ordinary shareholder of an Indian company for the instrument.<br />The investor does not expose himself to the full risk and the instrument acquires the characteristics rather than a purely equity instrument.<br />
  6. 6. China says yuan must not be 'scapegoat' for US economic woes<br />"The United States can't use domestic reasons to pass on its domestic employment and economic growth problems (to other nations)," commerce ministry spokesman Yao Jian.<br />"The yuan's rate must not be the scapegoat of US domestic problems."<br />
  7. 7. hmm<br />