Real consumer spending grew four per cent at an annual rate in the third quarter, substantially up from the 2.6 per cent pace during the preceding four quarters
While Road Transport Minister Nitin Gadkari has been dropped, the panel now has four ministers - Shah, Finance Minister Nirmala Sitharaman, Commerce and Railway Minister Piyush Goyal and Civil Aviation Minister Hardeep Singh Puri.
However, the ministry of law opined that though there is no specific provision in the SEZ Act and Rules, the power to notify includes power to de-notify also, sources said. Industry experts said that the SEZs which are finding it difficult to continue should be allowed to quit.
The decision was taken to prevent crowding at shops and marketplaces amid the lockdown to contain the coronaviruspandemic, a statement from Thackeray's office said.
Department of Economic Affairs secretary Atanu Chakraborty said that equity capital flows have been positive this year.
As many as 44 shareholders of Flipkart sold their holdings to Walmart. The income tax law requires the buyer to withhold tax while making payment to the sellers, in case they are not exempted from levy of capital gains tax.
While India does not figure in the top 10 export destinations for Pakistani goods, it serves as a crucial channel for select goods such as leather hides and cheaper variants of fertilisers that are generally procured by importers at short notice.
Shoppers Stop is looking to open four new stores this year and plans to invest Rs 120 crore.
India proposes to take the US to WTO against the latter's visa fee hike, which discriminates Indian software companies from American firms.
IT, e-commerce firms to raise the bar in recruitment, packages.
From Covid-19 essentials, such as Vitamin C supplements and thermometers, to bicycles, laptops, and personal weighing scales, demand for certain items galloped during last financial year as the pandemic altered what Indians used on a day-to-day basis. Imports of outdoor sports equipment, handbags for women, and dentures, among others, plummeted. With outdoor activities coming to a halt last year and schools functioning virtually, imports of sports goods witnessed a decline, while inbound shipments of laptops and battery chargers saw a sharp uptick, according to the import data for the financial year 2020-21.
A sample study conducted for the period August-October 2008 by department of commerce for 121 export related companies also revealed loss in export orders to the tune of Rs 1792 crore (Rs 17.92 billion), he said during Question Hour in Lok Sabha.
Total outflow and inflow of foreign investment in general for 2014-15 fiscal was $6.42 bn and $75.71 bn, respectively
One reason for the surge in cases is the spread of infection at large weddings. Weddings turned out to be super spreaders.
Registering a jump of 10 places in the rankings, Uttar Pradesh occupied the second position in 2019 as against 12th in 2018.
The finance minister is ready to present a second financial package. The Centre has ruled out a mega stimulus and will rely on targeted, incremental packages. Industry is clamouring for a bailout, the liquidity upheaval in capital markets is nowhere close to being sorted out, and all budgetary forecasts now stand irrelevant, reports Arup Roychoudhury.
India Today's annual list ranks the top 100 colleges in the country.
According to an official statement, the FDA has determined that the Moderna COVID-19 vaccine has met the statutory criteria for issuance of an emergency use authorisation (EUA).
Rediff reader Kiran Mestry, 49 from Mumbai tells us how her first salary changed her life.
The cover provided under the Centre's Pradhan Mantri Suraksha Bima Yojana, which is a vital safety net for them, ended almost a year back on May 31, 2020. Ever since, there hasn't been much progress on the higher insurance coverage of Rs 5 lakh promised under the newly launched Pradhan Mantri Matsya Sampada Yojana, reports Sanjeeb Mukherjee.
Violation of the provisions entails a punishment of a jail term of up to five years or with fine up to Rs one crore or with both.
Two of the US Cabinet members -- Education Secretary Betsy DeVos and Transport Secretary Elaine Chao -- have resigned over the storming of the Capitol by Trump supporters. US Capitol Police Chief Steven Sund has also announced that he would resign this month after he faced criticism for failing to prevent Trump supporters from storming the building.
United States Secretary of State John Kerry will arrive in New Delhi on July 30 on a three-day visit during which he will hold talks with Indian leaders on a range of key bilateral, regional and global issues of mutual interest besides co-chairing the fifth India-US Strategic Dialogue.
Consumers and businesses can tweet to communications minister Manoj Sinha (@manojsinhabjp) using #DOTSeva, #BSNLSeva, #MTNLSeva, and #PostalSeva.
'The rail network all across the state of Punjab is presently totally clear for uninterrupted movement of goods trains,' a home department statement said in Chandigarh. However, hours after the Punjab government's statement, the Railways accused it of 'misguiding' people over the extent of blockade of rail tracks in the state by the protesting farmers.
Chief Minister Arvind Kejriwal urged the Centre to provide medical oxygen to Delhi.
India has an early harvest scheme with Thailand. Under this, gold jewellery is imported at a duty of one per cent.
'Young professionals should be open for jobs in adjacent industries, pick up a contract job to have an opening balance, develop skills in the job in hand, invest in learning and develop cognitive skills and capacities.' 'Spend as per the need only.'
Balance with the United Kingdom shifted from a deficit of $0.5 billion to a surplus of $0.5 billion in March
Trump had said a comprehensive trade agreement with India would take much longer to finalise than earlier expected.
Just to promote govt's policy of Make in India, BSNL said, it cannot afford to procure sub-standard equipment from inexperienced companies, not having proven technology. BSNL complained that when competitors were procuring world-class 4G equipment from experienced vendors, why should BSNL be compelled to procure locally.
The commerce ministry has recommended the continuation of anti-dumping duty on a Chinese chemical used in food and pharma industry with a view to guard domestic players from cheap imports. In a notification, the ministry's investigation arm, the Directorate General of Trade Remedies (DGTR), has said there is a "positive" evidence of likelihood of dumping of Sodium Citrate and injury to the domestic industry if the existing anti-dumping duty were to be removed.
Exporters can make payment of fees through debit/credit cards.
Tamil Nadu has cornered around 18.63 per cent of the fresh investments in Q1FY21 and topped the list of state-wise investments. These investments should help create over 67,212 jobs.
The Delhi Police later said they detained AAP MP Bhagwant Mann and over a hundred protesting workers after 'they started getting agitated'. Addressing his party workers from Punjab at the protest, Kejriwal said the AAP has a very clear stance on the farm laws.
Cabinet nod not required after commerce ministry approval.
Though the US has got together a number of vetted and potential Indian business partners, most of these companies say they haven't had much luck in stitching up deals to tap into India as an export market for their goods.
"We will not let Mamata Banerjee's 26-day fast for Singur go waste. I have asked for the lease agreement and all correspondence with Tata Motors by Tuesday," Partha Chatterjee, who took charge as West Bengal commerce and industry minister, said.
The Ministry of Home Affairs (MHA) on Wednesday allowed cinema halls and theatres to operate with more people while swimming pools have been permitted for use by all in fresh COVID-19 reopening guidelines.
