Political leaders, industrialists and businessmen are increasingly looking to tap the resource-rich countries of the world's second largest continent even as two-way trade between India and Africa is poised to reach $70 billion by 2015 from $46 billion at present.
The ministry had recently promised these dealers to increase their commission by Rs 397 per kilolitre (kl) on petrol and Rs 170 per kl on diesel. Dealers now get a commission of Rs 1,230 per kl on petrol and Rs 730 per kl on diesel.
Analysts believe engineering exports would soon dominate the country's foreign trade, thanks to a conscious policy shift towards building strength and capitalising on critical industries such as engineering and chemicals.
While Pakistan has been showing considerable interest in having a bilateral trade deal with India that would help them access the country's booming markets, India has stated this can only become a possibility only when it recognises India as their non-discriminatory trading partner, commerce secretary Rahul Khullar told in an interview.
The state-run City & Industrial Development Corporation (Cidco), nodal agency for the proposed Navi Mumbai international airport, has asked the New Delhi-based National Institute of Disaster Management (NIDM) to prepare a risk assessment and disaster management plan for the project.
Worli-Haji Ali sea link project was awarded by Maharashtra State Road Development Corporation to the company in February 2010.
Industry players have sought clarity on the proposed move from the state government.
Union environment minister Jairam Ramesh has written to the Prime minister on the need to review the earlier central plan to develop six 'nuclear parks'.
The India-Asean free trade agreement (FTA) in merchandise goods has failed to realise its full potential, even as the deal was implemented in January 2010 to facilitate greater trade in the region. As a result, reduction of duties on several products might get delayed.
In a country where there is such a disparity and large part of population living in villages are below the poverty line, the need for CSR supersedes everything.
Premji met Chief Minister Prithviraj Chavan and expressed his intentions to work with the state government in this regard.
The US has emphasised on the need for an "ambitious and balanced outcome", even as the World Trade Organization (WTO) is gearing up to circulate another set of texts to push all its 153 members to wrap up the Doha Round of global trade talks by the end of this year.
FDI is essentially long-term investments that come with added benefits such as better technology, management and marketing assistance, says the study.
The revised version of the FDI policy, which will be released on March 31, is expected to do away with Press Note 1, 2005, to bring in the above-mentioned change.
Of the $1.4 trillion investment opportunities, almost $90 billion each is proposed in petrochemical projects and power generation, $88 billion in water desalination plants and $50 billion in natural gas-related projects.
Under the services sector, India had been demanding greater opening, so that more professionals like doctors, nurses, chefs, accountants get greater job opportunities.
This will benefit 4,217 high-tension industrial consumers, whose daily power requirement is 2,000 Mw.
BP has valued Reliance Industries' (RIL) new exploration and production (E&P) business at around $25 billion (Rs 1,12,500 crore), according to Goldman Sachs.
The government has made several region-wise and sector-wise allocations in its annual plan and budget proposals.
Ministry will give relief to exporters through a mechanism that will enable a timely refund of credit balance and time-bound refund of additional duty of customs.
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