Gems and Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold to 4 per cent from 7.5 per cent and a special package for the sector in the forthcoming Budget to boost shipments. As part of its pre-Budget recommendations, the council has also suggested a reduction in the import duty on cut and polished diamonds; cut and polished precious and semi-precious gemstones from 7.5 per cent to 2.5 per cent. "If (gold) imported at 4 per cent duty rate....working capital amounting to Rs 225 crore would be blocked instead of Rs 500 crore," the council said in a statement.
Apparently Human Resources and Development Minister Kapil Sibal -- the Harvard-educated, erstwhile Wall Street lawyer -- still occasionally pines for the United States, going by his waxing nostalgic for the opportunities America afforded him during the time he spent in Cambridge, Massachusetts and the Big Apple.
The top court said the exclusion of a member of the Opposition from the House just because of a perspective which may not be consistent with the viewpoint of the government is a serious issue.
'You can choose who you would like as your showstopper.' 'You have the freedom to create your own background -- sun, moon and the stars, which may sometimes not be possible in a physical show.'
About five years ago, the Democratic Party's presidential nominee learned that there are five Bidens living in Mumbai, but is probably yet to make a connection with them.
Corporate America has urged India's Finance Minister to announce a bold Union Budget that would unleash the next generation of economic reforms and help the country realise its full growth potential.
Barring dissident MLC Rameshwar Mahto, who has an axe to grind against some ministers close to the CM, legislators and office bearers of the party chose to give the session a wide berth.
Corporate America has showered kudos on Finance Minister Pranab Mukherjee for his latest Budget, describing it as a 'very forward-looking confident budget'.
"Canada must evolve fast track system for business and student visas and create its brand name in India," Indian High Commissioner to Canada R L Narayan said. He was addressing an international education conference organised by Canada-India Business Council along with Shastri Indo-Canadian Institute.
USIBC wants Obama to raise America Inc's concerns with Manmohan Singh.
The US-India Business Council (USIBC) will confer the 'Global Vision' 2007 award for leadership on Reliance Industries Ltd chairman Mukesh Ambani in Washington on Wednesday.
The acrimony started when BJP member Sushil Modi demanded the removal of Union Minister Taslimuddin.
On Tuesday, November 29, 2022, the final day of campaigning before Thursday's first phase of the Gujarat assembly election, the Bharatiya Janata Party fielded an array of leaders to canvass votes for the party that has ruled the state since 1995.
UK has launched an initiative called 'Next Generation India' to boost India-UK trade relations and encourage NRI entrepreneurs.
Observing that voices of protectionism emanating from the political quarters, is an issue of concern for American businesses, an Indo-US chamber has said it believes that such trends need to be resisted.
US Commerce Secretary Carlos Gutierrez has said that with the signing of the historic and landmark US-India civilian nuclear deal it is now imperative that India move quickly to enact nuclear liability protection to envisage the private sector of both countries to engage in business.
The gala organised by the Asian Pacific American Advisory Council and National Committee of Asian American Republicans on Friday was attended by ambassadors from several Asian countries including the Indian Ambassador to the US Navtej Sarna.
As the Indian version of The Archies gets ready to hit OTT, Deepa Gahlot picks 10 interesting college-and-youth-oriented shows on OTT.
India's exports contracted by 22 per cent, the steepest decline in the last three years, to $32.97 billion in June on account of global demand slowdown, especially in the Western markets like the US and Europe. According to the data of the commerce ministry, the trade deficit in June stood at $20.3 billion against $22.07 billion in the same month last year due to a fall in exports and imports. The inbound shipments during the month under review declined by a steep 17.48 per cent to $53.10 billion.
Noting that India's rapid growth is a critical engine of global economy, PepsiCo chief Indra Nooyi has said the business community in the United States was eager on playing an active role in the country's future economic development.
Obama said for the last several months he has been calling for a balanced approach to deficit reduction that combines some tough spending cuts, and a tax reform agenda that without raising tax rates further could in fact raise sufficient revenues that combined would yield about $1.5 trillion in deficit reduction over the next decade.
'You ain't seen anything yet,' EAM Jaishankar says about the India-US relationship.
In spite of the Orient snub, Tatas are still negotiating with them for the hotel takeover as well as scouting other US cities for luxury hotels.
There is growing concern in the American business and industry circles that despite their feverish lobbying to see the US-India civilian nuclear deal through, they may lose out to the French and the Russians -- who have already been provided sites by India -- while Americans firms wait for India to sign on to the International Convention on Civil Nuclear Liability, which these companies say is vital for them to protect their investments.
Wipro Consumer Care and Lighting on Thursday announced the acquisition of Brahmins - a Kerala-based traditional vegetarian, spice mix and ready-to-cook brand - and it has also drawn up plans to launch its snacks brand targeting the southern market. The company will focus on the southern market and is in the process of launching its own brand in the fast-growing ready-to-eat and snacks segment, Wipro Consumer Care and Lighting and managing director Vineet Agrawal told PTI. He further said Wipro Consumer Care and Lighting would take the acquisition route for expanding in the spices segment.
It is a tribute to a system so robustly meritocratic that this team represents India's diversity better than any other institution: The Union Cabinet, our chief ministers, the civil services, the leadership of our armed forces and security agencies, the judiciary and more than all of these, our typical newsroom. That is the biggest message from this breathless rise of Indian cricket, asserts Shekhar Gupta.
De is an attorney at the Washington, DC, office of the international law firm Mayer, Brown, Rowe and Maw.
The Fortune's 40 under 40 list for this year was topped by Adam Neuman, Co-founder and CEO, WeWork.
The fully funded scholarship includes tuition, living expenses and travel cost for a one-year-postgraduate programme.
Azim Premji, chairman of Wipro, feels that IT demand in US is strong and will pick up further irrespective of poll results.
Congress leader K C Venugopal on Friday gave Rajya Sabha chairman Jagdeep Dhankhar a breach of privilege notice against Prime Minister Narendra Modi over his remarks on why former prime minister Jawaharlal Nehru's family did not use his surname.
More than 1,800 scientists, science teachers and educators have written an open letter raising concerns about the chapter on 'Theory of Biological Evolution' being dropped from the NCERT textbook for Class 10.
There's a strong sense inside the Democratic leadership that if you care about India, now is the time to stand up for it, says Graham Wisner, counsel at the top international lobbying firm Patton Boggs.
'You have to explain to them about Indian investments in the US creating jobs this reverse outsourcing'
The USIBC, which works for strengthening US-India commercial ties, is a premier business advocacy organization representing 250 of the largest US companies investing in India joined by two dozen of India's largest global companies.
MCC expresses interest to host Indo-Pak Test after T20 WC clash success
Corporate America does not believe that the United States-India relationship has been oversold, but that it's certainly over-hyped. However, it is more concerned over New Delhi's recent actions such as retroactive taxes and predicts all of this will lead to foreign direct investment drying up at a time when India needs it more than ever.
Ron Somers, president of the US-India Business Council, said that the reason the USIBC is so keen to deepen linkages with India across the education sector is 'because our knowledge partnership with India depends on it.'
The officials said the members of the South Lobby, which wanted to swing the policy in its favour with exorbitant profits for liquor wholesalers, had stayed in the hotel in the national capital from March 14 to 17 in 2021 and used its business centre to make photocopies of some documents.
Five years after USA Cricket shared its plans to launch a domestic T20 tournament, the inaugural edition of the MLC kicked off having assembled an impressive array of investors.
