Tag: India

China hopeful of free trade talks with India

NEW DELHI: China hopes to have free trade discussions with India during the Chinese Premier's visit to New Delhi this week, a signal of how the two Asian powerhouses may try to smooth tensions over their economic and border rivalries.
"The free trade agreement is the next stage (of India-China relations). It is our hope that we can start the process," China's envoy to India, Zhang Yan, told reporters in New Delhi on Monday. "We are very much positive on these issues. I think

India wants talks from where Musharraf left off

ISLAMABAD: India wants to resume talks with Pakistan on Kashmir from where former president Pervez Musharraf left and to carry forward almost "80 percent progress" made then towards the settlement of core issue, a source told Pakistan Today on Sunday.
"Pakistan and India were able to resolve '80 percent' of the Kashmir dispute during the year-long talks between the Musharraf regime and the Indian government, mostly through back channel diplomacy," said a senior Pakistani

India unwilling to talk to Pakistan despite US efforts: WikiLeaks

ISLAMABAD: The US has been urging India to engage Pakistan in talks on bilateral issues, but the latter has not been receptive on this count citing "no follow-up action" by Islamabad against the perpetrators of the Mumbai attacks, revealed a diplomatic cables released by WikiLeaks.
A diplomatic cable sent by the US embassy in New Delhi to Washington DC on June 29, 2009 quotes former US National Security Adviser James Jones asking the former Indian army chief General Deepak

IPI gas pipeline project not shelved: India

UNITED NATIONS: India has not abandoned the $7.3-billion Iran-Pakistan-India gas pipeline project and is seriously looking for courageous insurance companies to underwrite the project, a senior diplomat attached to the Permanent Mission of India to the UN said on Saturday.
As the natural gas comes via Pakistan from Iran, there are some serious security concerns. "Apart from what we see is happening in the world today, we need Lloyds or other major global insurance giants setting

India protests envoy’s US airport security check

NEW DELHI: The Indian government made an official protest to Washington on Saturday over the security frisking of its envoy at a US airport and hinted it could lead to tit-for-tat action, a report said.
Donald Lu, deputy chief of the US embassy in New Delhi, was summoned to the Indian foreign ministry, the Press Trust of India (PTI) quoted officials as saying.
Lu was told the airport check was "contrary to the normal diplomatic practice and inconsistent with the excellent

India complete 5-0 whitewash of NZ

CHENNAI: India completed a 5-0 whitewash over New Zealand in their one-day series on Friday when they won the final match by eight wickets after bundling the Kiwis out for 103. Off-spinner Ravichandran Ashwin led the Indian spinners with three wickets while part-time spinners Yuvraj Singh and Yusuf Pathan took two each on a dry pitch at the M.A.
Chidambaram Stadium. Only a 43-run partnership between Scott Styris (24) and Jamie How (23) for the fourth wicket ensured New Zealand

India, EU not eye-to-eye on trade-aid for Pakistan

BRUSSELS: India and the European Union are seeking a compromise on a controversial EU plan to offer flood-devastated Pakistan trade concessions as relief, both sides said at a summit on Friday.
Prompted by Britain, leaders of the 27-nation bloc have approved a scheme to offer two years of trade concessions to Pakistan - essentially on textiles - to ease its recovery from the floods, but need a waiver from the WTO in Geneva to kickstart the aid.
India however has expressed

India puts onus on silver

MUMBAI: India, the world's largest silver buyer, is on track to show sharply higher imports this year, as prices of the metal near 30-year peaks , with consumers normally fond of more expensive gold seek to lower cash outlays. "Certainly there has been an increased interest in silver, and it's drawing interest from people who cannot afford gold, even return-wise the metal has done well," said Parker Agrochem Bullion Desk Head Haresh Acharya.
India's silver demand averages 2,500

EU, India agree to crank up anti-terror cooperation

BRUSSELS: The European Union and India agreed on Friday to intensify their cooperation against terrorism to deny safe havens to extremists in the wake of the Mumbai attacks and new threats against Europe.
Prime Minister Manmohan Singh and the EU leadership issued a joint declaration in Brussels vowing to encourage "all" nations to dismantle "terror infrastructure on the territories under their control." They did not name any country but the West has been on high alert over fears

India to widen telco probe as top mogul backs govt

NEW DELHI: India on Thursday widened a probe into the country's biggest corruption case to include decisions made during the main opposition party's rule, a move that may take steam out of a campaign against the government.
The probe into the 2008 grants of telecoms licences that the state auditor said lost India $39 billion in potential revenue will now examine licencing procedures when the main opposition was in power and which have been cited in court as a precedent.

Pathan magic seals win for India

BANGALORE: Yusuf Pathan hammered a career-best 123 not out off just 96 balls as India pulled off a thrilling five-wicket win in the fourth one-day international against New Zealand on Tuesday. The all-rounder clubbed seven fours and seven sixes on the way to his maiden one-day century to help the hosts overhaul New Zealand's challenging 315-7 with seven balls to spare at the Chinnaswamy Stadium in Bangalore. The victory put India on course for a series whitewash over the Black Caps

India cotton set to climb as exporters up purchases

MUMBAI: Indian cotton prices may rise this week as exporters are seen ramping up purchases to ship maximum fibre to beat a mid-December government deadline, dealers said. India, the world's second biggest producer and exporter of the fibre, had allowed exports of 5.5 million bales from November 1, but it has to be shipped before December 15.
"Exporters will remain active in the spot market to fulfill their export obligations.
They are struggling to buy the required quantity

India signs billion-dollar nuclear deal with France

NEW DELHI: France signed a 9.3-billion-dollar framework agreement to sell two nuclear reactors to India on Monday during a trade-centred visit by French President Nicolas Sarkozy to New Delhi.
India inked the deal with France's state-run nuclear group Areva for the purchase of two reactors for a new plant in Jaitapur in the western state of Maharashtra.
"Negotiations (with Areva) have reached an advanced stage to pave the way for the launching of nuclear power reactors in

India calls Pakistani trial of Mumbai suspects a ‘facade’

NEW DELHI: India's home secretary says Pakistan's efforts to prosecute those behind the 2008 Mumbai attacks are a facade with Islamabad concerned that senior government officials might be implicated. In an interview published in the Wall Street Journal on Monday, GK Pillai said India had provided Pakistan with extensive information on the identities of key conspirators behind the attacks.
Some of the most compelling evidence was garnered from interrogating David Headley, a

Philippines overtakes India as call centre capital

MANILA: Philippines has emerged as the call centre capital of the world, overtaking India as the number one player in the global business outsourcing market, according to industry data and the government.
President Benigno Aquino has led celebrations in recent weeks as Philippines's domination in the outsourced back-office operations industry has become increasingly evident.
"In the past decade, growth in this industry has been nothing short of exceptional. From a virtual

Pakistan asks India to honour cotton import deals

ISLAMABAD: Pakistan has raised the issue of cotton bales with India asking it to respect deals already finalised by the private sector of the two countries. This was stated by the Minister for Textiles Rana Muhammad Farooq Saeed Khan, while talking to media following a meeting of the National Assembly Standing Committee on Textiles.
He said that Pakistan has asked India to allow import of 300,000 bales of cotton for which deals had already been signed. "We have asked India not

India to export 0.5m tonnes of rice to BD

NEW DELHI: India has allowed 500,000 tonnes of rice exports under a diplomatic deal to neighbouring Bangladesh, which is looking to boost its reserves. "We have intimated the Bangladesh government to purchase rice in the open market (in India)," Junior Farm Minister K V Thomas told reporters on Monday.
India, the world's second largest rice producer, does not permit free sale of the grain but sends limited stocks overseas to friendly countries. It is not keen on exporting rice