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GOVERNMENT BAILOUT FOR EXPORTERS
US tariff jolts UP's export hubs; industry seeks govt bailoutLucknow's export businesses are struggling. The US imposed a 50% tariff on Indian goods. This affects apparel, leather, and saree industrie...- Indian carpet industry urges govt for special bailout package amid US tariff warThe carpet industry is seeking a bailout package from the central government due to a 50% US tariff, which threatens Indian exporters, espe...
- Donald Trump's core voter base may be the first to benefit as President urgently plans farmer bailout amid tariffs falloutAmerican farmers are facing losses due to global retaliatory tariffs. The Trump administration plans a relief package for them to counterac...
- Pakistan establishment focus on protecting N-prog even as economy in a free-fallSpecifically, the financial institution has demanded that Pakistan provide assurance that its balance of payments deficit is fully financed...
- Pakistan Rupee could touch 250 vis-a-vis dollar within a year: Noted economistKaiser Bengali has also described the China Pakistan Economic Corridor (CPEC) as a product of the new "East India company".
- 'Pak rupee could touch 250 a dollar within a year'Pakistan recently reached an agreement with the IMF over a $6 billion bailout package to help prop up its public finances and a slowing eco...
- Cabinet to discuss sugar bailout package on WednesdayThe cabinet is likely to discuss various incentives for sugar industry which has been struggling with high buffer stock and weak prices for...
- On its Independence Day, Pakistan stares at bankruptcyState Bank of Pakistan has only about $10 billion in forex, enough to last for only 2 months.
- US warns IMF against bailout package for Pakistan to repay Chinese lendersThe International Monetary Fund has said that so far it has not received any such request from Pakistan. Cash-strapped Pakistan has availed...
- Impact of Greek developments will be indirect: Finance Secretary Rajiv Mehrishi"(Stock) markets work on sentiment and it is impossible to say what they are reacting to and what they are not reacting to," Mehrishi said.
- Impressive show by exports in FY'11, grow 37% to $246 bnThe trade figures were released here by Commerce and Industry Minister Anand Sharma who said exports have done well in the past fiscal.
- Sharad Pawar writes to Pranab Mukherjee to expedite sugar exportsDelay in exports has increased the pressure on the industry over sugarcane payments to farmers, Agriculture minister Sharad Pawar said.
- Diamond industry still banks on Modi for rescue packageThe public rebuff by Gujarat CM at an international forum of diamond industry in Surat has left diamantaries in a state of shock.
- World oil prices lower in AsiaWorld oil prices fell in Asian trade Tuesday as euphoria over the US govt's bailout of Citigroup faded and investor pessimism about the glo...
- Protecting domestic economy is top priority: ChinaChina's government indicated Tuesday it would resist pressure to contribute to a global bailout fund, saying that ensuring the country's ec...
- British banks may move call operations back homeThere would be a 15-20 % reduction in overall IT spend in the British financial services sector in 2009 compared with 2008.
- UK banks on lifeline may cut down tech spendingStruggling British banks accepting a government bailout package will cut IT spending by up to a fifth and face pressure to move their offsh...
- Steel pricing: The untold storyFor the first time since decontrol in 1992, there was a huge premium of Rs 10,000 per tonne on steel products till recently.
- Measures soon to salve bruises of exportersExporters can look forward to a lifeline from the government to tide over the woes set off by the rupee’s appreciation.
- Re-struck exporters to take soft landingThe commerce ministry asked North Block to enhance the rates of duty neutralisation schemes by 5%.
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