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How should you decline a business invitation?

Getting invited to a number of meetings and conferences, parties and other events is part and parcel of life as an entrepreneur. However, it might not be possible to attend all of the events that you get invited to. In case you decide not to attend a particular event, due to shortage of time or other factors, it is good etiquette to politely decline the invitation.

India's exports decline by 14.8 percent in July 2012

India's exports in July declined by 14.8 percent, according to data released in New Delhi on August 14. Exports stood at USD22.4 billion as compared to July 2011, when they were USD26.3 billion. India's trade deficit widened to USD15.5 billion for the month. July's trade deficit, arising from the excess of imports over exports, is significantly higher than the USD10.3 billion deficit reported in June 2012.

Forex reserves go up to $289.15 bn

India's foreign exchange (forex) reserves grew by USD502.2 million to USD289.15 billion for the week ended August 3, 2012, the Reserve Bank of India's (RBI) data showed. The forex had increased by USD1.31 billion to USD288.64 billion for the week ended July 27, 2012. The forex had earlier risen by USD589 million to USD287.34 billion for the week ended July 20, 2012. However, the country's forex reserves had declined by USD872.7 million in the week ended July 13, 2012.

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