Move to allow the FDI in domestic airlines is expected to benefit Kingfisher Airlines.
India and the 10-country trading bloc poised to ratify pact on trade in services soon
Officials do not believe economic growth would go down as low as 6.8 per cent.
Gloom over ministerial, courtesy US-China spar, conflict between cotton-producing African nations.
WTO summit will see whether decade-long negotiations would go forward or be brought to an end.
Crucial financial sector reforms are again stuck, despite Finance Minister Pranab Mukherjee's appealing to political parties to help pass the legislations in this regard.
Cabinet nod not required after commerce ministry approval.
The trade deficit with China continues to soar at a blistering pace even as India is looking at aggressively increasing and strategising the reach of its products into the Chinese markets.
Even so, whenever a hitherto closed sector has been opened to FDI or the sectoral investment cap has been raised, the move has drawn strong protest. The latest instance is multi-brand retail.
The latest available data from the Reserve Bank of India show a 77 per cent jump in the FDI in the first half of the current financial year (April-September), compared to what was $19.5 billion the same period a year ago.
Cap in single-brand retail likely to be 74%.
The Department of Industrial Policy and Promotion under the commerce ministry has floated a draft Cabinet note for inter-ministerial discussions on foreign direct investment in aviation.
The upcoming round of talks, slated for October 11-12, is expected to be a stormy one.
Over 60 per cent of these borrowings are slated to be mopped up in the festival season.
The gains, they say, would not be sustained, and too much volatility in exchange rates does not benefit them.
Inflation is awfully close to 10 per cent, double digits. The main concern is that it has persisted at that level for a long time. The RBI would have to take that persistence into account, suggesting that it is still a problem and vigilance is still required on inflation.
Inflation is awfully close to 10 per cent, double digits. The main concern is that it has persisted at that level for a long time. The RBI would have to take that persistence into account, suggesting that it is still a problem and vigilance is still required on inflation.
The officials say no "concrete move" has yet been taken to take the matter to the Union cabinet for approval after the recommendation of the Committee of Secretaries (CoS) on July 22 to allow 51 per cent FDI.
Around 75 tariff lines or products from Pakistan would get concessional access to European markets for three years.
The US and European markets account for 35 per cent of export revenue and a big portion of volumes.
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