Category Archives: Trade

SBIRS GEO Flight 3 encapsulated for Launch-Just before Lift-Off


The U.S. Air Force’s next Space Based Infrared System (SBIRS) Geosynchronous Earth Orbit (GEO) satellite, built by Lockheed Martin (NYSE: LMT), was encapsulated on Jan. 7 at Cape Canaveral, Florida, where it will launch on Jan. 19 aboard a United Launch Alliance Atlas V rocket. Encapsulation refers to the sealing of the satellite in a protective launchRead More

Boeing & Jeju Air finalize order for 3 Next Gen 737-800s


Boeing [NYSE: BA] and Jeju Air announced an order for three Next-Generation 737-800s.

The order, valued at nearly $300 million at current list prices, will become the airline’s first direct-purchased airplanes from Boeing and fuel the airline’s continued expansion within Asia’s rapidly growing air travel market. The order was previouslyRead More

First Payment cleared for Rafale Fighter Jets


India has cleared the first payment of 15 per cent to seal the deal for 36 Rafale combat aircraft with the French Government. The instalment was cleared recently, and as per the contract, the French Government will deliver the first few aircraft within three years, that is sometime in 2019. India has though requested France to speed the delivery to the extent … Read More

Two More Advance Pricing Agreements signed by CBDT


The Central Board of Direct Taxes (CBDT) has closed the year 2016 by entering into two more unilateral Advance Pricing Agreements (APAs).

The APA Scheme was introduced in the Income-tax Act in 2012 and the “Rollback” provisions were introduced in 2014. The scheme endeavours to provide certainty to taxpayers in the domain of transfer pricing by specifying… Read More

Viral V Acharya appointed as Deputy Governor- RBI


Shri Viral V. Acharya presently posted as Professor of Economics, New York University-Stern School of Business has been appointed as Deputy Governor, Reserve Bank of India (RBI) for a period of three years .

Shri Viral V. Acharya joined New York University Stern School of Business as a Professor of Finance in September 2008. Prior to joining NYU Stern, Professor… Read More

Tata Motors shareholders remove Nusli Wadia from Board


Shareholders of Tata Motors have voted to remove independent director Nusli Wadia from the board of directors at an extraordinary general meeting held during which 71.20 per cent of the shareholders voted in favour of a resolution moved by Tata Sons to remove Mr Wadia as independent director of Tata Motors.
On Wednesday, Mr Wadia was removed as independent … Read More

India test launches surface to surface ballistic missile Agni 5


India today test launched its indigenously developed intercontinental surface-to-surface nuclear capable ballistic missile Agni-5 from the Wheeler Island off Odisha coast.
the missile is capable of striking a target more than 5,000 kilometre with nuclear warhead carrying capacity of more than one tonne.
While the first test of Agni was conducted in April… Read More

Civil Nuclear agreement with Japan


Under Prime Minister Shri Narendra Modi’s leadership, 2015 has seen major achievements in the field of civil nuclear cooperation.

The implementation of the civil nuclear cooperation agreement with the U.S. was put back on course when Prime Minister hosted President Obama in New Delhi on January 25-27, 2015. Since then, the Administrative Arrangement… Read More

Merchandise Exports from India Scheme


The Government of India has introduced Merchandise Exports from India Scheme (MEIS) through the Foreign Trade Policy (FTP) 2015-20 w.e.f. April 1, 2015. It seeks to promote export of notified goods manufactured/ produced in India. MEIS is a major export promotion scheme of GOI implemented by the Ministry of Commerce and Industry. Details of the scheme are… Read More

SHAREit Goes Viral at Indian Universities


SHAREit campus activities started on November 14, 2016. The teams along with many well-known Indian bloggers went on campus, discussing with college students about the impact of SHAREit on the Indian Internet market, sharing interesting stories in the course of development, maintenance and application of the software.

Among the 170 million users in IndiaRead More

Boeing statement on Fiji Airways Intent to Purchase 737 MAX 8s


Boeing [NYSE: BA] is pleased that Fiji Airways has announced its commitment to purchase five 737 MAX 8s.

“Boeing is honored that Fiji Airways has selected the 737 MAX for its fleet renewal plan and we look forward to welcoming Fiji Airways as our newest 737 MAX customer,” said Dinesh Keskar, senior vice president, Asia Pacific & India SalesRead More

Prime Minister’s address to the Nation


My Dear Citizens,

I hope you ended the festive season of Diwali with joy and new hope. Today, I will be speaking to you about some critical issues and important decisions. Today I want to make a special request to all of you. You may recall the economic situation in May 2014 when you entrusted us with an onerous responsibility. In the context of BRICS, it was being … Read More