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Just in:   • SME innovation: Is it a hard nut to crack  • Sensex up 75 pts, investors take a breather  • Saudi offer to hike crude exports to India  • Inflation will moderate to 6 pc by March-end: Pranab  • Inflation slips to 6.55 pc in Jan, slowest in 2 yrs  Last updated: 14 Feb, 2012    World News Obama presents budget plan IANS/EFE | 14 Feb, 2012 President Barack Obama presented Monday his budget plan for 2013, which calls for nearly USD 4 trillion in spending and aims to reduce the deficit from 8.5 percent of US gross domestic product to 5.5 percent.  More Headlines » Australian Reserve Bank leaves cash rate unchanged » Obama orders freezing of Iran's property » Online orders surge after China spring holidays » Crude oil prices rise on positive US jobs data » Facebook IPO to raise $5 bn, may overtake Google   Read more....      Asia Myanmar foreign trade to grow by 30 pc IANS | 13 Feb, 2012 Myanmar's foreign trade will grow by more than 30 percent to $16.1 billion in the 2011-12 fiscal yea  Read more.... » Zardari sets $2 bn trade target with Sri Lanka » China plans to create 45 mn jobs in 2011-15 » 'South Korean economic indicators weakening' » Pakistan's economy to grow at 4 pc: Minister » China calls for more global anti-poverty efforts   Read more....  Americas US stocks edge higher amid Greek hope IANS | 10 Feb, 2012 US stocks edged higher Thursday amid Greek's long-awaited austerity deal and better-than-expected jo  Read more.... » Mexican oil giant Pemex needs $25 bn in annual investment » Obama orders freezing of Iran's property » Brazil privatises three airports » 'More steps needed to bolster faltering US economic recovery' » American Airlines may cut 13,000 jobs   Read more....    Africa / Middle East US-UAE trade record high of $18 bn in 2011 IANS/WAM | 13 Feb, 2012 Trade between the US and the United Arab Emirates (UAE) reached a record high of $18.34 billion in 2  Read more.... » Pakistan, Qatar to cooperate in energy, trade » UAE bank opens branch in Egypt » Somalia's famine ends, but drought still a threat: UN » 2012 Global Financial Markets Forum in Feb » EU sanctions will catapult oil prices, threatens Iran   Read more....  Europe Germany's Dec industrial output lowest in three yrs IANS | 09 Feb, 2012 German industrial output fell steeper than expected in December, posting the largest drop in three y  Read more.... » London worst place to do business: Bankers » Debt-ridden Hungarian national airline grounds flights » More than five mn out of work in Spain » Russia should anchor monetary policy to tame inflation » France 2011 budget deficit down by 4.6 bn   Read more....       Top Stories » Inflation will moderate to 6 pc by March-end: Pranab » ESC urges govt to extend tax benefits to SMEs » 4-day handicrafts & gifts expo to open on Feb 18 » MFN status unlikely during Sharma's Pak visit » Delhi blast: Four injured, Iran blamed   Commented Stories » Starting an import export business: Basic guide for beginners(22) » SME marketing: Avoid a faulty approach(18) » Share of MSME sector in GDP to touch 10 pc: Ashok Chawla(3) » RBI urges banks to provide advisory services to SMEs(3) » Policy on import of jet fuel silent on logistics: Experts(3)   Customs Exchange Rates Currency Import Export US Dollar 50.20 49.40 UK Pound 78.90 77.15 Euro 66.00 64.40 Japanese Yen 65.40 63.65 As on 14 Feb, 2012   Daily Poll Will the upcoming Procurement Policy help SMEs immensely?  Yes  No  Not sure

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