1.   

India to persist with open trade regime: Manmohan Singh

India will persist with open trade regime, Prime Minister Manmohan Singh has said expressing confidence that the impact of the slew of measures initiated to boost the economy will be "visible" soon. Asserting that fundamentals of Indian economy remain strong, he said India can get back to 8 per cent growth rate in the short to medium term. "... we are purposefully addressing the fiscal and current account deficits. At the same time, we will persist with our open trade regime.

2.   

Economy to grow at over 5 pc in FY14: FM

Finance Minister P. Chidambaram is confident that Indian economy will soon regain its momentum and grow at over 5.0 percent and perhaps closer to 5.5 percent in fiscal 2013-14 despite predictions to the contrary. After growing at an average of 8.5 per cent per annum between 2004-05 and 2010-11, Indian economy had registered a decline with a downturn in the global economy in 2011, he acknowledged at an event in Washington on Thursday.

3.   

IGPB hosting events to up India's wine exports to Asia-Pacific nations

The Indian Grape Processing Board (IGPB) has planned to increase the presence of Indian wine brands in the markets of the Asia-Pacific region, including Hong Kong and Singapore, as part of its strategy to increase the export of the beverage from the country in these markets. Indian wineries will participate in a trade fair in Hong Kong in November 2013. It would be organised by the Hong Kong Trade Development Council (HKTDC). IGPB would also be organising a business conference in Singapore, with the support of the Indian embassy in Singapore and the Agricultural and Processed Foods Export Development Authority (APEDA).

4.   

India sells 30,000 T of wheat to UAE mill

India has sold 30,000 tonnes of milling wheat to the United Arab Emirates, its first private deal since late August as tightening Black Sea supplies open a brief window for exports from the subcontinent. Along with lower output in major producers China, Brazil and Argentina, this has opened a window of opportunity for India to sell down its massive stockpiles before Australian new-crop supply enters the market from December. India's wheat stocks at government warehouses stood at 38 million tonnes as of Sept. 1 against a target of 17.1 million tonnes.