Venezuela minister rules out currency devaluation

Venezuela`s economic minister has ruled out a devaluation of the nation`s currency, as the country struggles with soaring debt and inflation.

Manchester United will never abandon their youth policy, says Ryan Giggs
Manchester United will never abandon their youth policy, says Ryan Giggs

Manchester United may have sold homegrown Danny Welbeck and spent over 150 million pounds ($241.88 million) on imports but they will never abandon their policy of giving youngsters a chance, Ryan Giggs said on Wednesday.

New defence procurement policy in Sept to reduce imports

Government on Tuesday called for greater involvement of the private sector in defence production and said the country`s Defence Procurement Policy (DPP) would be fined tuned by September to reduce imports.

Govt sees low rice, cane output, imports loom

India`s summer-sown crop output is set to shrink by more than initial forecasts after its worst monsoon rains in 37 years, raising the spectre of higher food prices and its further dependence on imports of rice and sugar.

Imports of sensitive items up by 40.6% in Apr-June 2009-10

Imports of milk and milk products saw a huge jump of 316.2 per cent and that of refined edible oil 168.2 per cent in April-June, pushing the inbound shipment of sensitive items up by over 40 per cent during the period.

India`s arms imports to touch $30 bn by 2012: Assocham

India`s arms imports are expected to touch USD 30 billion by 2012 even as the domestic defence market is poised to grow to USD 700 million in five years, according to an industry lobby report.

Exports to revive by year-end: FICCI

Though signs of an economic turnaround were starting to appear, a complete recovery for India`s crisis-stricken exports sector would happen only by the year-end, according to an industry survey.