buy a at a low figure pills without prescription put in cart at an easy rate medications without prescription – http://safrina-utomo.mhs.narotama.ac.id/2016/11/30/put-in-cart-at-an-easy-rate-medications-without-prescription/ In what is now being discreetly hush-hushed/whispered (because of sensitivity of “relations”) about who (in plural of course) pocketed $ 5.7 billions (or Rs 39,900 crores) in 2014 (and so many more from 2004) even as Bilateral Trade between India and Africa has risen massively in the past decade, from $8.2 billion in 2004 to $75 billion in 2014. However, India’s imports from Africa grew at an average annual rate of 35 per cent in this period, while exports only rose by an average annual rate of 23 per cent resulting in an alaring rising trade deficit with Africa. Trade surpluses stood at $ 1.4 billion in 2004, and turned deficit at $ 5.7 billion in 2014, according to a official working paper by Government of India’s Export Import Bank of India (EXIM Bank).
The paper assumes importance as the ongoing India-Africa summit strives to boost bilateral trade between the two sides.
1986 batch IAS Topper Yaduvendra Mathur is CMD (Chairman cum Managing Director) of ExIm Bank of India. His Board of Directors include : 1980 batch IFS officer Sujata Mehta, Amitabh Kant, IAS, Rita Teaotia, IAS, + Secretary of Department of Commerce, Chief Economic Advisor of Union Finance Ministry Arvind Subramanian, Financial Services Department Joint Secretary Alok Tandon. They are assisted by RBI Executive Director M D Patra, ECGC Ltd CMD+NEIA Managing Trustee Geeta Muralidharan, SBI Chairperson Arundhati Bhattacharya, Central Bank of India CMD Rajeev Rishi, IDBI Bank Ltd MD+CEO Kishore Bharat, IDBI Bank Ltd MD B K Batra running ExIm Bank are now woken up/jerked/rattled by such “open” defalcation of National Exchequer that too, since 2004. They now sincerely wonder, how come then Union Commerce Minister Anand Sharma, Union Finance Minister P Chidambaram, ex-Union External Affairs Minister S M Krishna succeeded by Salman Khurshid did not raise any objection to such mammoth financial loss to India-exchquer raising serious doubts about their “real intentions” though it can’t be proved now. …….Basic facts however remain. They are : India currently maintains the largest trade deficit with Nigeria, Angola, Botswana, Gabon, Equatorial Guinea, Morocco, Cameroon, Guinea, South Africa and Côte d’Ivoire. According to the paper, a strategy to address this rising deficit involves the identification of select commodities with high export potential to Africa.
The study shows that these include machinery, electronic equipments, transport vehicles, petroleum oils, and articles of iron or steel. Africa also stands to gain from an increase in imports of such intermediate goods from India, with a potential for high value-added production.
Before proceeding further, about the Rs 39,900Cr+ scandal : The State-owned Export Import Bank of India, or, ExIm Bank has finally raised a “Red Flag” pointing out that a large number of hugely concessional lines of credit (LoCs) extended by India to highly indebted poor, low and middle income countries in Africa and the sub-continent during the last 10 years have been cornered by 4 little-known companies.
Of these, a bulk of the 510 projects awarded by 61 countries from 2004-2014 has gone to Delhi-based, NOIDA HQed Angelique International Ltd, headed by Ajay Krishna Goyal, and others to Overseas Infrastructure Alliance, Lucky Exports, Jaguar Overseas, thanks to the then Union Commerce Minister and now Congress firebrand Anand Sharma. He, to “patronize them” took Chidambaram, Krishna followed by Salman Khurshid, to his confidence and favored above companies whose respective owners were Indian Youth Congress leaders when Anand Sharma was its All India President.
2015, 2016…2019…would have all belonged to them the same way as before had not present Commerce Minister alert, cautious Nirmala Sitaraman put a spanner in their modus operandi. She hauled ExIm Bank bosses and told them to check them rightaway or, face ‘axe’ themselves+Red Alert. It is then that they worked in a jiffy and held the above biz units to ransom. Nirmala Sitaraman was fully supported by Union Finance Minister Arun Jaitley, Union External Affairs Minister Sushma Swaraj. At the time of writing, ‘Final Actions” in the matter are keenly awaited.
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