Commerce and Industry Minister Anand Sharma has said India will not "rush to" the World Trade Organization (WTO) over the "regressive" steps taken by the US recently, which include an increase in the visa fee and a special levy on foreign manufacturers.
Truck rentals during calendar year 2010 rose by 24-40 per cent on trunk routes, with robust manufacturing growth and high consumer spending. However, the rentals stabilised during December and are expected to remain firm in the first quarter of calendar year 2011.
Chief Minister Prithviraj Chavan appointed Subodh Kumar, a 1977 batch IAS officer, as the commissioner of India's richest civic body - the BrihanMumbai Municipal Corporation (BMC). Kumar replaces Swadhin Kshtriya who has been appointed as the revenue secretary.
After government's measures like export ban and import from Pakistan, average wholesale prices of onion in Nashik district's various Agriculture Produce Market Committee (APMC) markets have come down by around 45 per cent to Rs 2,071 a quintal in the last three days.
The Maharashtra government has launched a "restaurant" to save the vulture, nature's most efficient scavenger. The 20-acre restaurant is located in the Fansad sanctuary in the Raigad district which is spread over 50 sq km.
According to a senior commerce department official, talks between India and the Association of South East Asian Nations (Asean) - the 10-country trading bloc - have hit a roadblock, with some of the advanced developing countries demanding greater flexibilities from India.
The Maharashtra government has scrapped its policy to grant additional floor space index (FSI) for public parking in Mumbai city under its Development Control Regulations 33 (24). The government had notified the extra FSI for parking one-and-a-half years earlier following a rise in vehicle population and the need for parking in the city.
Three districts of Maharashtra - Ratnagiri, Sindhudurg and Raigad - on the western coast are set to become the power hub of this part of the country.
The rail link is considered necessary as it will help decongest the growing traffic once the proposed airport comes up in Navi Mumbai.
Actual construction on the Navi Mumbai international airport, which received the much-awaited environment clearances early this week, would begin in October next year as certain formalities remained to be done, said the City and Industrial Development Corporation (Cidco), a nodal agency for the project.
Lavasa had clarified that the development carried out at the Lavasa City were within the framework of the clearance granted by the state environment ministry.
Earlier this week, commerce secretary Rahul Khullar met EU director-general for trade David O'Sullivan to review the progress so far. Several differences mired the process over EU's insistence on including social issues such as human rights, labour policies and climate change within the FTA purview.
Undeterred by strong objections from opposition parties and several non-government groups, the Maharashtra government is to proceed with the Maharashtra Special Economic Zones and Designated Areas Bill in the legislature during the winter session beginning on December 1 in Nagpur.
Steel Authority of India Ltd (SAIL) is looking for ventures into analogous sectors. While the state-run company is going for a follow-on public offer (FPO) in early 2011, it is looking at some aggressive expansion plans, and mergers and acquisitions as well, said Chandra Shekhar Verma, chairman and managing director.
India and Canada aim at achieving a bilateral trade target of $15 billion in the next five years, even as both countries are beginning a series of negotiations to have a Comprehensive Economic Partnership Agreement (CEPA) soon that would yield significant economic benefit for both countries and lower tariffs over a large number of products, says Peter Van Loan, Minister of International Trade, Canada.
The Department of Fertilizers (DoF) plans to bring in all policies, including the New Investment Policy meant to overhaul urea production, under one umbrella - Nutrient-Based Subsidy (NBS) policy.
GAIL India plans to consolidate presence in petrochemicals and renewable energy, allocate a percentage of annual capital expenditure for exploration and production (E&P), pick up equity in upstream LNG projects abroad, and pursue investments in shale gas projects in and outside.
The CM-elect would have to strive to regain the state's past glory, as its earlier eminence has been challenged by Gujarat, Karnataka, and many other states. Besides, the burgeoning debt burden, which has already crossed Rs 1,70,000 crore, rising fiscal and revenue deficits had put increasing pressure on the administration to avoid overdrafts.
China's growing dominance in global trade is definitely a matter of concern for both the US and India.
India to get a major financial boost from the US for development of infrastructure.
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