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India: India becomes main rice exporter in the world

Indian exports should reach 7 million tonnes by 31 August. US Department of Agriculture data show that India should surpass Vietnam and Thailand. Favourable weather and more investments helped the bumper crop. The 3-year ban (2008-2011) on exports of non-basmati varieties also boosted supplies to ...

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India: India cuts interest rates to boost economic growth

For the first time since 2009, India's central bank cuts interests, from 8.5 to 8 per cent. Inflation remains high. Analysts believe the government must push for reforms to reduce inflation, but this is not in the interests of large segments of the population.

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India: India: only half of the population has toilets and a mobile phone

Of 246.6 million households, 49.8% forced to used outdoor facilities. 52% of the total population owns a mobile phone. Jharkhand, Orissa and Bihar the worst for access to toilets. Change in family nucleus: now 70% of homes are occupied by couples.

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India: India and Pakistan to boost bilateral trade

India’s Commerce minister will officially lead a large trade delegation in an official visit to Pakistan. The goal is normalise and boost the current US$ 10 billion trade relationship. At present, Pakistan allows only 1,938 items to be imported from India.

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India: India opens to foreign supermarkets

New Delhi is set to allow 51 per cent foreign ownership of multi-brand retail stores like Tesco and Wal-Mart, and 100 per cent in single-brand retailers like Nokia and Rebook. Farmers and small businesses are opposed because of potential job losses. India’s retail market is worth US$ 450 bn.

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