NEW DELHI, August 10 - BUSINESS STANDARD – In the coming months, Historic Indo-Bangla land pact agreement is expected for better relation between the two countries. - BUSINESS STANDARD – In regard to the Doha round developed nations are only looking out for market access and have showed no interest in the matter of cutting subsidies, so that developing nations could export more, but since no consensus has been achieved by the WTO members till now the progress has become stagnant and the future of multilateralism is seem to be in dark. - BUSINESS STANDARD – Trade ministers form Asean and India’s minister of commerce and industry, Anand Sharma, had a meeting over the much awaited deal on services which was delayed due to the issue of movement of professionals. After the deal would get concluded the already signed free trade agreement would become a Comprehensive Economic Partnership Agreement (CEPA). India is engaged in bilateral negotiations for a comprehensive treaty with both Thailand and Indonesia. Indonesia chairs Asean this year - BUSINESS STANDARD – It has been eight months since after breaking the joint venture of Japan’s Honda with India’s largest two-wheeler maker, Hero MotoCorp, and now it has announced its plans to establish itself into independent and a global player in the international market of automobile industry in coming months. It has also revealed its plan to invest $1000 million over the next five years. – FINANCIAL EXPRESS – General Motors has introduced its first car under the name of Baojun brand in China. Its range of price varies from $9,758 to $11,467. - FINANCIAL EXPRESS – The Paris-based carmaker, Peugeot Citroen is expanding the DS line of upscale cars to challenge BMW and Volkswagen’s Audi with lower-priced French alternatives. - LIVEMINT - India allowed qualified foreign investors (QFIs) to invest up to $13 billion in mutual funds (MFs) in order to deepen markets reduce volatility and boost infrastructure spending.
Submitted By:-
Priyesh Narain
Researcher