The government had imposed Minimum Alternative Tax and Dividend Distribution Tax on SEZs in 2010-11, which were earlier exempted from almost all levies.
IT topped the group with over 210,000 jobs created in the 2012. Academics and education ranked second with over 34,500 jobs.
Rao added that the agreement on relaxing the visa regime for Pakistan businessmen would be notified soon.
Interview with first woman president of the Ficci country head of HSBC India.
The minister, who was in Brussels on a two-day visit, said that seven Chief Minsters including Maharashtra, Haryana, Andhra Pradesh, Delhi, Assam, Rajasthan and Kerala have already given their written commitment on allowing FDI in the sector.
Currently, the trade between India and Association of South East Asian Nations stood at $80 billion.
Commerce and Industry Minister Anand Sharma has written to chief ministers of Odisha, Punjab and Uttar Pradesh, stating opening the multi-brand sector to the foreign direct investment would 'bring in investments, technologies and efficiencies to unlock the true potential of the agricultural value chain'.
Negotiations for a free trade agreement with GCC have been at a standstill since 2008.
The estimated loss is about Rs 1.64 crore.
The order led to panic in Kashmir which has remained tense for the past few days after the Centre ordered deployment of 100 companies of additional troops in the valley.
In order to gain advantage over their competitors, companies across various sectors engage in "espionage" like "bugging offices of their rivals by planting a mole", says a survey by industry body Assocham.
The trade deficit is now at $21 billion.
The economic environment is a matter of concern but there is no reason to be pessimistic, said President Pranab Mukherjee during his first visit to Chennai.
India and Indonesia today agreed to fast track the ongoing negotiations for early conclusion of the proposed comprehensive market opening pact, aimed at enhancing bilateral economic engagement between the countries.
'The economy of Kashmir has collapsed.'
During the first six months of the financial year, the country's exports dipped by 6.79 per cent to $143.6 billion from $154.1 billion in the same period last year.
India and China will set up a joint working group soon to address all their trade related issues to strengthen economic relationship.
Amid rupee's free fall and slowdown in western markets, the government is likely to announce incentives in the foreign trade policy (FTP), scheduled for June 5, to boost exports.
US do not commit, but says outsourcing should create more jobs in both countries.
Ten states and Union Territories have endorsed the Centre's decision to allow FDI in multi-brand retail, Minister of State for Commerce and Industry Jyotiraditya Scindia said on Monday.
Gujarat has registered the highest agricultural growth in real terms during the past decade leaving other states far behind, states a study conducted by Associated Chamber of Commerce and Industry (Assocham).
The Reference has asked the court for its view whether the verdict in the 2G case be given retrospective effect for radio waves granted since 1994.
India proposes to take the US to WTO against the latter's visa fee hike, which discriminates Indian software companies from American firms.
The Federation of Indian Chambers of Commerce and Industry (Ficci) president RV Kanoria calls for privatisation of Coal India Limited (CIL), the world's largest coal producer and India's public sector unit.
The government liberalised FDI policy in sectors, including multi-brand retail, single-brand retail, commodity exchanges, power exchanges, broadcasting, non-banking financial institutions and asset reconstruction companies.
There seems to be no end to re-allocation of portfolios even after Sunday's major Cabinet reshuffle with S Jagathrakshakan of Dravida Munnetra Kazhagam on Friday being given the portfolio of minister of state for commerce and industry.
President Asif Ali Zardari said that granting Most Favoured Nation-status to India was a "paradigmatic shift in policy driven by the business sectors on both sides of the border".
Australian Minister for Immigration and Citizenship Chris Bowen on Wednesday said that reasons like the high cost of Australian dollar have resulted in decline in request for student visas from India
The expansion in September is highest since April, when the core sectors' growth stood at 2.6 per cent.
Prime Minister Narendra Modi will retain DoPT, Atomic Energy as well as all important policy issues and portfolios not allocated.
Since much of the voting was on religious lines, Mamata's rural focus became irrelevant.
Expressing concern over its widening trade deficit with China, New Delhi on Monday asked the neighbouring country to provide more access to Indian goods and services to bridge the gap.
Deficit is likely to touch $60 bn this financial year from $40 bn in the previous one.
Talks are underway to allow banks from both the countries to open branches in each other's territory.
The government had imposed Minimum Alternative Tax and Dividend Distribution Tax on SEZs in 2010-11, which were earlier exempted from almost all levies.
The social media giant is planning to launch roadshows in these locations as part of its 'SMB Boost' programme.
Now we must first compete with Bangladesh. This is not what we had been promised, notes Aakar Patel.
The government on Tuesday said it is considering forming a venture capital fund of Rs 2,000 crore (Rs 20 billion) to promote research and development (R&D) in the pharmaceutical sector.
The minister is on a two-day visit to Russia for India-Russia Business Dialogue, held under the umbrella of the St Petersburg International Economic Forum 2012.
The two countries are scouting for members of a joint working group to study a proposal to this effect made during a recent visit by Commerce and Industry Minister Anand Sharma to Colombo.
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