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Shri Anand Sharma, Commerce, Industry & Textiles Minister of India met Trade/Commerce Ministers from the ten ASEAN countries at Manado, Indonesia on 13 August 2011 to review, among other matters, the India-ASEAN Services & Investment Agreement negotiations. The Trade/Commerce Ministers of ASEAN, known as ‘ASEAN Economic Ministers or AEM’, and Shri Sharma met at the ninth round of the AEM-India Consultations meeting.
• Prime Minister calls for understanding and restraint, otherwise our security and integrity can get adversely affected. • Prime Minister cautions against ‘some people who want to create disturbances in the country so that our progress gets stalled’. • Prime Minister vows that ‘we will not let this happen’. • Prime Minister says this is time ‘to rise above personal or political interests and build consensus on issues of national importance’.
Today, our nation stands at a threshold. There are important issues on which we must focus, and as we do so, keep in mind that these are times, when we should also be on our guard, about not straying away from our main objective, of strengthening the nation in its many aspects. This is a time for introspection, a time to take well thought out measures, and to prepare well for the future. There have been occasions earlier, when confronted with many questions, we did find answers. The real strength of a nation is judged not by the challenges it faces, but by its responses. Therefore, as we analyze, make policies, legislate, implement schemes and enforce laws, we must not, forget that the purpose of all our efforts is to move on the path of progress while ensuring that morals and ethics in our society do not get eroded.
If some one has done mistake in early then it does not make sense that every time it will repeat the mistake. S&P has done the perfect thing that this time it has went ahead and declared the most vulnerable danger awaiting for the world market. In other words what the 12000 Dow Jones and Mr.Obama administration was trying to hide was reveled by S&P.
Union Finance minister Pranab Mukherjee said there would be no more tax-free zones in the country. Tax-free zone status in Himachal Pradesh and Uttarakhand was being withdrawn gradually following opposition by different states, Mukherjee said. Renewal of tax free zone status of Sikkim, which would expire in 2017, would be reviewed on the basis of the socio-economic conditions of the state at that time, he told reporters.
With recent fraught of Europe the US banks are very much on the verge of peril. Three US banks are having great numbers of exposure in European debts. Citigroup ,JPMorgan Chase and Bank of America are having have billions of dollars exposed to European banks and debt. U.S. banks are most at risk in Europe because of the gyrations of the overseas debt markets and potential inability to undertake fixed-income underwriting securities from European economy. The respective exposures being taken by the 3 banks of US are as follows
The International Accounting Standards Board (IASB) published today for public comment an exposure draft of proposals to adjust the mandatory effective date of IFRS 9 Financial Instruments. The exposure draft proposes an effective date of 1 January 2015 (currently 1 January 2013) for IFRS 9.
The Finance Minister Shri Pranab Mukherjee, who is also Chairperson of the National Implementation Committee to commemorate 150th birth anniversary of Gurudev Rabindranath Tagore, today launched a new Audio-Visual presentation of Gurudev Rabindranath Tagore’s ‘Jana Gana Mana’ poem in full five stanzas by various artists as a salutation to the great poet who gave us India’s National Anthem.
India’s exports have registered a growth of 81.8% during July 2011, at US $ 29.3 billion. Interacting with the media persons here today, Shri Rahul Khullar, Commerce Secretary, informed that during the period April-July 2011, exports have reached a level of US $ 108.3 billion, a growth of 54% while the imports were US $ 151 billion with a growth of 40% and a trade deficit of US $ 42.7 billion, during the same period. During the interaction, Shri Khullar also informed that India’s imports in July 2011 were US $ 40.4 billion registering the growth of 51.5%. Balance of trade for the month of July 2011 stood at 11.1 billion US dollar.
The Passport Seva Project (PSP), a flagship e-Governance initiative has been undertaken by the Ministry of External Affairs to comprehensively reform the passport issuance system. The PSP aims at delivering all passport related services to the citizens in a timely, transparent, more accessible and reliable manner.
