During the searches, documents related to exchange of California almonds were seized by NIA and were being scrutinised, the NIA said.
Finance Minister Nirmala Sitharaman on Thursday said taxpayer base has almost doubled to 1.28 crore in four years of rollout of the historic tax reform and the enhanced GST mop up in the recent months should now be the "new normal". In a written message to tax officers on the fourth anniversary of GST rollout, she said implementing any reform of this scale in a large and diverse country like India can be highly challenging, but GST has brought about ease in taxpayer compliance and reduced common man's tax burden.
Late last month, India torpedoed a deal to simplify, standardise and streamline the rules for shipping goods across borders, know as 'trade facilitation', after it demanded concessions on agricultural stockpiling.
India's food security concern at WTO needs solution: Modi
India has emerged as one of the top three choices for investments in the next 2-3 years, with more than two-thirds of respondents in a survey of multinational companies (MNCs) citing the country as their number one choice for future investments. According to the FDI survey released on Tuesday by CII in association with EY, about half of the respondents see India amongst the top three economies or leading manufacturing destinations of the world by 2025.
Trade across the Line of Control has been hit once again after police and customs officers recovered narcotics hidden in orange crates late on Friday night.
.jpg)
If India does not wish to continually violate the WTO rules, it must also continue to push the WTO to either revisit the reference point of 1986-88 prices for calculating subsidies and pitch it at a recent period, or raise the ceiling on subsidies to enable countries like India to stay within the envisaged cap.
After 40 days, LoC trade has resumed between Uri and Muzzafarabad.
The Cabinet on Thursday approved the stand taken by India at the recently concluded WTO meeting in Bali which endorsed New Delhi's point of view with regard to food security plan and trade facilitation pact.
World Bank's Doing Business Indicators ranks India (out of 189) at 132 for trading across borders.
India will find it difficult to support new global customs rules without "an assurance and visible outcomes" that a permanent solution is being negotiated over its concerns about public food stockholdings, the trade minister said on Friday.
Several member states of the World Trade Organisation voiced frustration after India's demands for concessions on agricultural stockpiling led to the collapse of the first major global trade reform pact in two decades.
The Srinagar-Muzaffarabad bus service was cancelled on Monday following the recovery of 114 kg narcotics from a truck, which crossed over from Pakistan-occupied Kashmir, triggering a standoff between the two sides.
So far 15 rounds of negotiations have been held.
We have a government with an extremely weak economic team advising a PM who hardly pays attention to their thoughts, says Jayanta Roy.
Railway Minister Pawan Kumar Bansal on Thursday favoured rail-based container movement between India and Pakistan to reduce transaction cost and ease road traffic.
The meet will see Goyal batting for structural reforms at the WTO, where India has repeatedly called for reforms, especially in the dispute resolution mechanism that has effectively been held hostage by the US.
The other top officials who will accompany the US president are Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, National Security Advisor Robert O'Brien and Energy Secretary Dan Broulliette, the sources said.
Making a marginal recovery, India's exports entered the positive zone after a gap of eight months, recording a growth of 0.82 per cent to $25.58 in January.
The CBEC will itself be rechristened as the Central Board of Indirect Taxes and Customs and will supervise GST and Customs activities and provide the government policy inputs.
It is learnt that the US had recently presented two separate papers to India.
25 trucks carrying mostly vegetables from India were not allowed to cross the LoC.
Developed nations want the WTO to discuss new issues.
The WTO has resumed work at Geneva from September 1 after a month long vacation.
Union Home Minister Sushilkumar Shinde arrived in Srinagar on Friday evening after visiting the international border in Jammu. Shinde had arrived in Jammu on Friday morning on a three-day visit to the state.
During the operations, that began in the morning, houses and business establishments of those suspected of channelising funds to fuel secessionist and anti-India activities were searched, an NIA spokesman said.
Donald Trump becomes the first American president to visit India with his wife and daughter and son-in-law in tow
Currently, the five-year FTP aims to raise total exports to $900 billion but targets may be reduced
Still, the failure of the agreement should signal a move away from monolithic single undertaking agreements that have defined the body for decades.
The US government on Tuesday shut down -- for the first time in nearly 18 years -- as the Republican and the Democrats failed to strike a deal on spending and budget mainly due to their differences over 'Obamacare', the flagship healthcare programme of President Barack Obama.
A day after a breakthrough deal between India and the US on food security related issues, the WTO on Friday said there was a "high probability" of reaching an agreement within two weeks on the stalled Bali package to facilitate easier global trade flows.
The US agreed to India's proposal on food security issues at WTO on Thursday.
The consignment was expected to fetch over Rs 300 crore if it had reached the market.
Notwithstanding the failure of WTO members to reach a consensus on Trade Facilitation Agreement to simplify global customs rules, India on Friday said it remains committed to the pact and will continue to pursue its proposal to find a permanent solution to its food security issues.
The survey report, titled Opportunities For UK Plc In Emerging Cities In India, also ranks eight other cities -- Ahmedabad, Chandigarh, Jaipur, Goa, Indore, Kochi, Nagpur and Vadodara -- as the most conducive destinations for UK investments in India. While its annexure lists 41 cities in the survey's ranking -- with Pune holding the top rank and Ranchi getting the lowest rank -- it provides a detailed study of nine cities that merit UK investment the most.
India did not yield any major ground on trade facilitation while it managed to successfully push its stand on food security issues through the WTO meeting in Bali, a top official said.
The terrorist attacks on Mumbai pose fresh challenges for the Customs. Rethinking on all the customs clearance procedures is now necessary with a view to eliminate all risks of any untoward incidence that can jeopardise the lives of people. The present approach of looking only at revenues and trade facilitation alone will not be enough.
The ancient temple town is famous for silk products crafted by its master weavers.
Refusing to budge from its tough stand on food security issues, India pressed for a fair and balanced outcome of the WTO ministerial meeting in Bali.
India scored a remarkable win on food security, but trade partners will now put pressure on New Delhi to provide meaningful openings for industrial goods and services and be more accommodative on liberalising tariffs.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances