CCEA approves its Rs 10,500-cr investment in India.
The country's textiles and clothing exports are expected to touch $32.35 billion in the 2011-12 fiscal, Parliament was informed on Monday.
The stage is set now for a major revamp of the Union Council of Ministers on Sunday with the likely induction of at least ten new faces and promotion of some ministers of state, besides a rejig in the Cabinet, in which Anand Sharma may get the external affairs portfolio.
The G-23 group seems to have expanded with several senior Congressmen attending Wednesday's meeting.
The advertisement rates had gone up substantially in recent months with a 24 per cent increase effected in October last year, minister of state for information and broadcasting Anand Sharma said. The government has also withdrawn customs duty on import of newsprint as well as glazed print magazines, he added.
The initiatives announced by Commerce and Industry Minister Anand Sharma as part of the annual supplement to the Foreign Trade Policy are aimed at pushing exports which declined by 1.76 per cent to $300.6 billion during 2012-13 and pushed up the trade deficit to $190.91 billion.
India's exports during 2012-13 declined 1.76 per cent to $300.6 billion mainly on account of slowdown in the global economy, Commerce and Industry Minister Anand Sharma said.
World rapid champion Viswanathan Anand came up with a fine performance to be placed tied second in the blitz tournament of the Altibox Norway chess tournament, in Stavanger.
The government has often defended its decision to open multi-brand retail to foreign direct investment (FDI) by saying modernisation of the sector through fresh investment would bring down wastage of fruit and vegetables.
India on Friday dubbed as 'hogwash' the arrest of purported Indian nationals in connection with the Lahore bomb blast and advised its citizens to avoid travel to the neighbouring country."It is hogwash and meant to confuse people," Minister of State for External Affairs Anand Sharma told reporters, when asked to comment on reports in the Pakistani media, on the arrest of Indian nationals on allegations of being terrorists.
As the rupee fell below the 68-mark and global agencies painted a gloomy outlook for the economy, the government on Wednesday sought to reassure investors by saying there was no need for panic as the decline in the domestic currency was a reflection of "irrational sentiment."
India and China will set up a joint working group soon to address all their trade related issues to strengthen economic relationship.
A local court on Wednesday adjourned to August 1 hearing in the Sankararaman murder case in which Kanchi seer Jayendra Saraswathi and his junior Vijayendra, are the prime accused.
Industry houses are emphatic with the RBI pruning repo rate and CRR by 0.25 per cent each after a long nine months in its third quarter monetary policy review.
The issue on Monday figured in a bilateral meeting held in Agra between Commerce and Industry Minister Anand Sharma and visiting South Korean Minister of Knowledge Economy Sukwoo Hong, in which the Korean side raised the issue of delays in Posco project clearance, an official statement said.
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.
The Euro 25-billion firm can now set up furniture stores in India, along with restaurants and cafes, in line with its global concept.
The JWG has had eight rounds of meeting since it was set up in 2006 but no mutually agreeable solution has been arrived at.
Will Nitin Gadkari manage to swing a second term as BJP president? Why were arch-rivals Anand Sharma and Virbhadra Singh hugging each other? Who is the prime minister's favourite troubleshooter? All this, and more, in this week's Dilli Gupshup.
Shashi Tharoor has also been retained as the chairman of the panel on Information Technology.
The government had imposed Minimum Alternative Tax and Dividend Distribution Tax on SEZs in 2010-11, which were earlier exempted from almost all levies.
Although Infosys was given 50 acre at Rajarhat for setting up its first development centre in West Bengal, the firm was insisting on getting special economic zone status, which the state was not keen to consider due to political reasons.
Currently, the trade between India and Association of South East Asian Nations stood at $80 billion.
Formation of the Rangarajan panel comes after Reddy proposed that the revision issue be placed before the empowered Group of Ministers.
Referring to the concerns raised by industry captains and others during the meeting, Gujral admitted that the weakening Rupee is hurting importers.
Decks have been cleared by the Centre to transfer the prime land at Indu Mills in Mumbai to the Maharashtra government for constructing a memorial for B R Amedkar. "The government of India has taken a view to make available this land for use to the government of Maharashtra for the construction of a befitting memorial," Textiles Minister Anand Sharma said in identical statements in the Lok Sabha and the Rajya Sabha on Wednesday.
The curtailed squad that is now travelling to the Mexican capital include Rakshitta Ravi, Bommini Mounika Akshaya and Amulya Guruprasad among girls while Harshavardhan GB, Pranav Anand, Dushyant Sharma and
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.
President Pratibha Patil yet again came out with a strong defence of her foreign tours, saying she was forced to go public on the issue despite government clarifications.
US do not commit, but says outsourcing should create more jobs in both countries.
Wal-Mart chief S Robson Walton met Prime Minister Manmohan Singh and Sharma last week and discussed the foreign direct investment scenario in the retail sector in India.
The radical nature of the trade package is sure to take everyone's breath away when Manmohan Singh meets Bangladeshi Prime Minister Sheikh Hasina.
For the entire 2011-12 fiscal, the shipments to the neighbouring country had stood at $1.53 billion.
Commerce and Industry Minister Anand Sharma is expected to visit Tokyo and Kuala Lumpur between February 14 and 18 for signing the pacts -- Comprehensive Economic Partnership Agreement with Japan and Comprehensive Economic Cooperation Agreement with Malaysia, an official told PTI.
Prime Minister Manmohan Singh's music sense... Starlet Nupur Mehta's proud parents... Ghulam Nabi Azad is disillusioned... Congress's coup attempt... Anand Sharma, the already chief minister... All this and more in this week's Dilli Gupshup.
Hotlines between New Delhi and Addis Ababa, the headquarters of the African Union, are working overtime to make next month's India-Africa summit as big a success as a similar event organised by China last year. New Delhi's intention to give a new thrust to its relations with Africa was evident when it announced a hike of 60 per cent in its aid to the continent for the next financial year. The 2008-09 Budget presented in Parliament last week, enhanced aid to Africa.
After Congress president Sonia Gandhi met leaders of the G-23 grouping to resolve internal party issues, former Punjab Congress chief Sunil Jakhar on Wednesday said "indulging the dissenters too much" will encourage more dissent.
According to sources, Sonia Gandhi took a jibe on party leaders, "You all are sitting together right but otherwise you don't even talk to each other."
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.
