India showed a decline of 8.19 percent in U.S. dollars for textile and clothing exports, according to provisional data from the Directorate General of Commercial Intelligence and Statistics. The Indian government instituted two stimulus packages to help the sector in December 2008 and January 2009. Imports of clothing and textiles to the U.S. from the top five trade countries have gone down from January to April 2009. Only imports from Vietnam have shown an increase. лесбиянки порно видео
Grand festival of democracy April 16 to May 16
March 9th, 2009Author : Biz2Credit Advisor
Around 714 million voters in India will go to the polls to elect the 15th Lok Sabha, selecting their representatives for the 545 seats in the house. Polling will take place in five phases starting April 16 and the results will be declared on May 16.
The Lok Sabha election, the biggest such exercise in the world, will cost a whopping Rs.10,000 crore (Rs.100 billion), said a study by Centre for Media Studies.
For Indian small business owners the declaration of the dates means that no further incentives or stimulus packages will be announced in the interim.
Economic growth hoped to be reach 7 percent for fiscal’09
March 3rd, 2009Author : Biz2Credit Advisor
An increase in disposable income and a rise in the steel and cement sectors have raised the hopes of officials to achieve a 7 percent growth rate in the current fiscal year. Definite figures will be projected once the impact of the stimulus packages take shape.
The stimulus packages include reduction in service tax and excise duty by two percent each. Also, the package extends the 4 percent rate reduction beyond the current fiscal to counterbalance the current economic slowdown.
