Out of 55 lakh bales of cotton exports , 35-
40% of consignments are bogus.
Its is kept for hording.
CAI wants Govt. to penalized defaulters
But confederation of Indian textile industry
wants Govt. to defer exports till Jan 2011 to
avoid a severe cotton shortage.
India, Oman extensive talks to enhance
India, Oman are members of Gulf
Cooperation council and shared ‘issue-
Despite of global meltdown, bilateral
trade touched $4.5 billion last fiscal
French President Nicolas Sarkozy warned
that currency instability threatened world
He called for coordinated action to reform
the world financial system.
His comments came as Group of 20 finance
leaders struck a deal to refrain from
competitive currency devaluations
although they failed to agree firmer
language that might have shored up the
India would become the IMF's eighth largest
member and its share of voting rights would rise
to 2.75 per cent.
Under the deal, more than 6 per cent of voting
power at the Fund will shift to dynamic
developing countries such as China, which will
become the third-biggest member.
Europe will give up two of the eight or nine
seats it controls at any given time on the IMF's
Executive Board, which will continue to have
China brought the case to the WTO in 2008,
challenging the United States for placing
punitive duties on goods from China including
pipes, tubes and tyres.
The United States had introduced tariffs of
around 25 per cent on Chinese pipes to
prevent subsidised goods being dumped on
the US market.
he WTO's dispute settlement body partly
rejected the Chinese complaint, although it
found that the "US Department of Commerce
had acted inconsistently" with WTO rules on five
elements of the case