1.   

India trying to get US support for higher WTO farm subsidy limits

India wants global trade rules to be amended so that developing countries can have higher farm subsidy limits to fund food security programmes. And it is going all out to convince the US not to challenge its efforts to change those rules. Prime Minister Manmohan Singh is expected to take up the issue with US President Barack Obama during their meeting later this month. New Delhi could make its support for a US initiative on a trade facilitation agreementat the World Trade Organisation (WTO) contingent on US backing for its efforts to amend farm subsidy limits, the official added.

2.   

Bring exports under priority sector lending: FIEO

The apex exporters body, Federation of Indian Export Orgaisations (FIEO) has asked the government to bring exports under priority sector lending, which was accepted by the Padmanabhan Committee. President, Federation of Indian Export Orgaisations (FIEO), M Rafeeque Ahmed in a statement Friday said that the Padmanabhan Committee has not been conceded to by the RBI and using the same yardstick for exports as for domestic sector would only stifle exports and their valuable contribution to GDP of the country, which is on a decadal low of around 4.4 percent.

3.   

First UK India Business Centre opens in Gurgaon

There is a consensus in the German Parliament that India and Germany are ideal partners for each other, German envoy Michael Steiner said here today. The apex exporters body, Federation of Indian Export Orgaisations (FIEO) has asked the government to bring exports under priority sector lending, which was accepted by the Padmanabhan Committee. President, Federation of Indian Export Orgaisations (FIEO), M Rafeeque Ahmed in a statement Friday said that the Padmanabhan Committee has not been conceded to by the RBI and using the same yardstick for exports as for domestic sector would only stifle exports and their valuable contribution to GDP of the country, which is on a decadal low of around 4.4 percent.

4.   

India-US summit will chart course for more trade, investment

US President Barack Obama's meeting with Indian Prime Minister Manmohan Singh here next Friday - the third between the two leaders in four years - will provide them an opportunity to chart a course toward enhanced trade, investment and development cooperation, according to the White House. The summit meeting "will highlight India's role in regional security and stability," White House spokesperson Josh Earnest told reporters accompanying Obama on a visit to Kansas City, Missouri Friday.