Business News from Infobanc -

Cashew Kernel Prices May Rise

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Posted On : April 11, 2012
Content : Lower arrival of cashew kernels during coming months may result in significant shortage of cashew kernels in Indian market - resulting in higher price of cashew in near future. Such a scenario may adversely affect Indian Exporters already compe

Native Apples Edged Out With Chinese Fruit's Invasion

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Posted On : January 31, 2012
Content : The next time you see shiny red apples being sold in your neighbourhood, they might just be from China. Every winter, Chinese apples - imported mostly from the Shaanxi province - invade Delhi's fruit markets, giving Indian apple growers tough competition. Being glossy and succulent, they are gener

Reduction of Garments Import Duty in Zinbabwe

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Posted On : January 30, 2012
Content : The Zimbabwean Government has decided to cut duty on import of clothes and textiles, Finance Minister of Zimbabwe has said. The duty on textile and clothing items was recently raised from 40 percent +US$1 per kg to 40 percent +US$3 per kg through the 2012 National Budget Statement presented late l

Coal Taxes With Indonesia Govt May Discuss

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Posted On : January 30, 2012
Content : The government may request Indonesia to reconsider a recent decision to raise taxes on coal exports that threatens the fate of many Indian power projects, according to Coal Secretary. The aim would be to get a �more friendly price� for Indonesian coal, he told reporters after inaugurating the 4th

Regaining Lost Ground, Garment Exporters, With Diversifying Portfolio

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Posted On : January 30, 2012
Content : Indian apparel exporters are now looking at diversifying their portfolio. Exporters are finding difficulty in exporting garments due to demand slow down in major destination markets like the Euro Zone and US. Now they are emphasising produ

Lowering of Exports Numbers for FY11 Government May Decide

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Posted On : January 30, 2012
Content : An embarrassed government is likely to lower exports numbers for 2010-11 as part of a clean-up drive, following a $9.7-billion over-estimation of shipments in the first seven months of the current fiscal. A senior government official said there may be an error in the estimates of last year, partic

Hosiery Industry Stripped off Profits by Chinese Goods

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Posted On : January 30, 2012
Content : Hosiery industry is in a spin over "Chinese apparel arriving through illegal channels", which is eating away into its profits. People connected with the industry, which has earned Ludhiana the title of "Manchester of India", say smuggled Chinese garments are cheaper as their suppliers avoid paying

An All Time High of $73.9 Billion in 2011 India-China Trade Hits

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Posted On : January 30, 2012
Content : India-China bilateral trade hit a record $73.9 billion last year, but the ballooning trade deficit in Beijing's favour rose to over $27 billion, raising concern among Indian authorities. The bilateral trade registered a $12.2 billion increase in 2011, taking the total to $73.9 billion as against $

For Revision of Errors From Trade Data, New Setup is Planned

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Posted On : January 28, 2012
Content : The Commerce Department is mulling an institutional mechanism for revising trade data to improve accuracy after the recent downward revision in exports numbers by $9 billion for April-October 2011 raised serious credibility issues.

Under the proposed mechanism, the revision would be done

Spices Exported Till November Worth Over Rs 6,000 Crore

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Posted On : January 28, 2012
Content : Offshore shipments by Indian spice exporters were approximately 3,51,900 tonne of spices valued at Rs 6,209.08 crore USD 1,332.25 million up to November in the current fiscal. The total export of spices during the same period of the