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Just in:   • Govt ups GDP growth projection to 7.1 pc  • Sensex down 283 pts on profit booking  • Advance payment norms for exporters relaxed  • Belgium woos Indian exporters  • Himachal seeks another textile park  Last updated: 23 Feb, 2012    World News Iran threatens to cut oil exports to more countries IANS/RIA Novosti | 21 Feb, 2012 Iran has threatened to stop exporting oil to more European countries -- Germany, Spain, Italy, Greece, Portugal and the Netherlands -- if they continue to take actions directed against Tehran."Certainly if the hostile actions of some European countries continue, the export of oil to these countries will be cut," Deputy Oil Minister Ahmad Qalebani was quoted as saying by the Al Arabiya network.  More Headlines » EU trade deficit with China declines » Obama presents budget plan » Japan's economy contracts 2.3 pc in 3 months » US federal budget deficit drops to USD 27.4 bn » World's biggest offshore windfarm opens in Britain   Read more....      Asia Japan to cut civil servant's pay by 7.8 pc IANS | 20 Feb, 2012 The salaries of Japanese government employees will be cut by 7.8 percent for two years from the 2012  Read more.... » Chinese banks post record profits » China to surpass India as top gold consumer » India assures greater market access to SAARC nations » Beijing has over 5 mn car owners » Myanmar foreign trade to grow by 30 pc   Read more....  Americas Venezuela pays Exxon $250 mn for nationalized assets IANS | 17 Feb, 2012 Venezuela has paid US oil giant ExxonMobil $250 million in compensation for the 2007 nationalization  Read more.... » US jobless claims at four-year low » Oil co YPF owes Argentina $8 mn in tax » Mexico's wind power capacity to reach 15 pc of electricity mix » Retail sales in US rose in January » US stocks edge higher amid Greek hope   Read more....    Africa / Middle East UAE-Brazilian firms sign deals worth USD 65 mn IANS/WAM | 21 Feb, 2012 Middle East and Brazilian companies have signed deals worth worth USD 65.3 million during the just-c  Read more.... » Abu Dhabi airport Middle East's 2nd best: Survey » UAE, Brazil discuss ways to boost trade » Iran unveils nuclear achievements » UAE, UK sign air services deal » US-UAE trade record high of $18 bn in 2011   Read more....  Europe Eurozone approves new Greek bailout plan IANS | 21 Feb, 2012 Eurozone finance ministers have ended months of uncertainty and averted an imminent debt default by   Read more.... » Much to be done to overcome economic crisis: Spanish PM » Spanish banks' bad loans soar » Russia's arms exports $13 bn in 2011 » Germany's Dec industrial output lowest in three yrs » London worst place to do business: Bankers   Read more....       Top Stories » Advance payment norms for exporters relaxed » Belgium woos Indian exporters » Sharma holds consultation on MSME transport subsidy » Marine product exports grow 18.72 pc in Apr–Dec » India invites US to partner in port development   Commented Stories » SME innovation: Is it a hard nut to crack(6) » Mauritius invites Indian entrepreneurs to invest(4) » Export consortia can transform exporting for SMEs(3) » Starting an import export business: Basic guide for beginners(3) » New union officials to negotiate Hyundai wage agmt(2)   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 23 Feb, 2012   Daily Poll Will the upcoming Procurement Policy help SMEs immensely?  Yes  No  Not sure

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