July exports euphoria a statistical illusion

Though many are upbeat on the fact that merchandise exports rose at a 21-month high of 11.6 per cent in July, this was primarily due to a low base effect which would run till September this year.......

10% duty on gold jewellery import from Thailand soon

India has told Thailand that it will impose six-10 per cent duty on gold jewellery imports in the proposed free trade agreement, according commerce ministry sources.The move is aimed at curbing a......

We're clear on why we need FDI in multi-brand retail: Anand Sharma

The government has a clear aim of inviting foreign direct investment (FDI) into all sectors, and to make its policy investor-friendly, declares Anand Sharma, minister for commerce, industry and......

FDI cap: Govt to wait for RBI stand

The government will wait for the Reserve Bank of India to take the first step before deciding on whether to reduce the foreign investment cap on private sector banks to below 50 per cent from the......