In what will be a historic decision, the Union Cabinet is likely to clear a policy paper that seeks to allow 51 per cent FDI in multi-brand retail trading and 100 per cent FDI in single-brand retail on Thursday.
In what will be a historic decision, the Union Cabinet is likely to clear a policy paper that seeks to allow 51 per cent FDI in multi-brand retail trading and 100 per cent FDI in single-brand retail on Thursday.
Veteran actor Mohan Joshi, Dasmodar Ganesh Bapat, who is working towards eradication of leprosy, and L Subadani Devi, Manipur-based weaver, were among those presented with Padma Shri.
He said South Africa would like to export more value added products to these countries, according to the daily Business Report.
'There is a bleak business outlook for trade and industry as government struggles to rev up economic growth and labour market.'
Wipro Chairman Azim Premji, Planning Commission Deputy Chairperson Montek Singh Ahluwalia, former diplomat Brajesh Mishra and Telugu thespian A Nageshwara Rao were chosen for country's second highest civilian award--Padma Vibhushan--this year.
His vision drove ITC to pursue business models that today support over 6 million livelihoods, many amongst the weakest in society.
'Now is the time for India to course correct and for the government also to course correct,' says businessman Mangesh Khatri.
Change will have to begin with Mr Modi, who by all accounts has shown little active interest in macro-economic issues, preferring instead to focus on the effective implementation of projects and programmes, points out T N Ninan.
Japan has decided to raise the severity level of the crisis at its tsunami-crippled Fukushima Daiichi nuclear power plant to the maximum seven on an international scale from the current status of five.
The Prime Minister's Council on Trade and Industry comprising top industrialists and bankers met on Wednesday and reviewed the economic situation, particularly in the wake of the European financial crisis.
There are more than 4,000 Indian enterprises in Singapore.
Delegation visit ahead of patent law report.
K M Mani was appointed the chairman of the panel in March this year.
BIS proposes compulsory registration for selling hallmarked jewellery. This will kill business of online sales as BIS registration is given only to physical premises.
Govt keen on reservation in private sector jobs
Prime Minister Manmohan Singh on Monday said the government is working towards creating an atmosphere where trade and industry come forward to reserve jobs for the socially underprivileged -- a practice in vogue in the public sector.
In a bid to check generation of domestic black money, the government will soon issue a notification making quoting of PAN mandatory for all cash transactions beyond Rs 200,000.
Within days of revoking a non-compete agreement that his group had with his younger brother Anil, Relianec Industries Ltd chairman Mukesh Ambani is believed to have held a long-drawn-out discussion with telecom czar Sunil Mittal.
Listing out the achievements of his government, he said the country has moved away from a culture of delaying work through 'atkana, latkana and bhatkana' (obstructing, delaying and misguiding).
Singapore's gross domestic product expanded by 15.5 per cent on a year-on-year basis in the first quarter of this year, it was announced here on Thursday.
The country's economy has been primarily bolstered by good performance in biomedical and electronics manufacturing, among others, in the September quarter.
India processes around 90% of the world's supply of rough diamonds.
The chamber has sought clarity from government to remove uncertainty among businesses
India's rank in the World Bank's ease of doing business index cannot get better unless more attention is paid to bringing about procedural reforms in the way states run their governments and provide various approvals for trade and industry, says A K Bhattacharya.
Industrialists and traders of Punjab have adopted a novel method to convince state politicians to provide them with adequate electricity--flowers.
India and the 10-member-group signed the landmark agreement on Thursday in Bangkok. Malaysia International Trade and Industry Minister Mustapa Mohamed said 71 per cent Malaysian goods would enjoy duty-free access to India by 2013 and another 9 per cent by 2016, while tariffs for the remaining 10 per cent would come down to 5 per cent.
The days of spot prices of gold differing from one city to another will soon be over.
Industry asked the government to be 'brave and bold' and said that it will rise to the occasion.
The Minister-president (chief minister) of the German state of Lower Saxony Christian Wulff said on Friday that Volkswagen is setting up its big car manufacturing factory in Pune.
It will reduce compliance cost as the assessee will not have to maintain multiple records for a variety of taxes
The investments are expected to happen in the Delhi-Mumbai Industrial corridor.
Japan and India signed a 5-point action agenda to increase bilateral trade and investment between the two nations.
Top Indian industrialist Ratan Tata has returned as a board member of East West Centre, a prominent American think tank.
Industry greats like Ratan Tata, Lakshmi Mittal, Narayana Murthy and P R S Oberoi have been nominated for this years Padma Vibhushan.
Keeping its promise of honouring 'unsung heroes', the government this year honoured with Padma awards several personalities who served the poor, set up free schools and popularised tribal arts globally.
To make the process of conferring Padma awards more transparent, the home ministry has issued a revised proforma for people who wish to apply for the prestigious civilian honours.
'These provisions may even be seen to be a threat to burgeoning businesses, since they would view every announcement of a rate cut as a starter's pistol that triggers a long race to adjust prices and to justify the adjustment,' argue Rashmi Deshpande and Anjali Krishnan.
While Chidambaram kept income tax limit unchanged, he increased the threshold limit by Rs 10,000 giving every assessee a relief of Rs 1,000.
Indian corporate giants, Reliance Industries and Tatas are looking at the option of raising finances through the Japanese Depository Receipts route, a top Japanese minister said in Mumbai on Wednesday.
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