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India-ASEAN FTA Talks Stalled
Negotiations between India and ASEAN
over the proposed Free Trade Agreement
(FTA) appear to be deadlocked over
ASEAN’s demand that India prune down
its list to only 60 items on which it
will offer no tariff cuts.<More>
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Govt Revenues up
India’s customs collections during the
1st two months of current financial
year have grown by 30% to Rs. 12,633
crores (USD 2.7 billion) and this
revenue has been attributed to an
increase in non-oil imports or 16% of
annual target of Rs. 77,066 crores.<More>
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Wheat Import Gets Murkier
Whittling down the
quarantine and quality
norms in importing wheat,
the latest tender of State
Trading Corporation of
India (STC) received eight
global bids trying to sell
3 million tons while Indian
requirements was for 2.2
million tons (mt) of
wheat.<More>
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US Promises to Respect
Human Rights
With growing complaints
from Europeans about US
treatment of prisoners at
Guantanamo Bay, the draft
of a final statement
prepared for the EU-US
summit contained a pledge
from US President George
Bush that he will respect
human rights in the war on
terror.<More>
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India to Consider Bangla FDI
After considering recommendations
of a joint task force of Chambers
of Commerce from both countries,
Federal Minister of State for
Commerce & Industry Jairam Ramesh
said India will consider lifting
the ban on foreign direct
investment (FDI) from Bangladesh.<More>
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US Asks G-8 Support for Nuke
Deal
The US is lobbying the Group
of Eight (G8) nations to
meet in July at St.
Petersburg to back the
Indo-US civilian nuclear
deal amid serious
reservations in the US
policy making establishment,
some G8 nations (like China
& Japan), and European Union
(EU) states.<More>
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