'I would like to convey the message to your readers that the prime minister himself is directly seized of the situation on the ground. He periodically reviews the situation on the ground and how it is moving forward, taking inputs from economists, business leaders, chambers of commerce.'
As Amazon India, Flipkart are forced to shut down 60 categories and push out 45 mn products, a new lobby group comprising sellers is in the making to take up e-com concerns.
Panagariya also stressed that India must continue the liberalisation of its top tariff rates and the country should not revert back to import substitution.
The idea is not to form a Bengali lobby group but simply to get to know each other better.
Currently, trade between India and Africa stands at about $45 billion.
Central Board of Excise and Customs Chairperson Vanaja Sarna said there will be genuine errors due to lack of understanding in the initial days. "CBEC has enforcement authorities and I have specifically said that the first three to six months are a go-slow.... I don't want small cases to be made," Sarna said at a CII event.
The government is in talks with pharmaceutical companies for ensuring availability of cancer drugs at a minimal price at their low-cost pharmacy chain Jan Aushadhi stores across the country.
Graduates in any discipline from a recognised University or appearing for final year exam are eligible to apply.
Cadbury India said it will start local manufacturing of parent Kraft Foods' orange drink Tang, while it will also embark on a capacity expansion for its confectionery products.
Country's largest telecom service provider Bharti Airtel on Monday revealed its plans to launch iPhone 4, the latest product from Apple Computers's stable, by October.
MoUs range across pharma, telecom, IT and homeland security.
"Serious deliberations are underway for establishing a regulator for the coal sector and similar thought is now being given to other infrastructure sectors as well," said Pranab Mukherjee.
The company has already put in place this digital register in Jaipur in Rajasthan and pilot projects are running in Haryana and Telangana
A whopping 59 million tonnes of fruits and vegetables go wasted in the country in a year due to lack of proper cold storage infrastructure, Minister of State for Food and Agriculture K V Thomas said on Tuesday.
Measures adopted by the European Central Bank and the International Monetary Fund are sufficient to prevent the Eurozone crisis from spilling over to other parts of the globe, a senior Canadian minister said on Tuesday.
There is discrimination against women in insurance cover. As a flood of insurance companies tap the capital markets with public issues, there is however, hardly any reference to this asymmetry. Subhomoy Bhattacharjee reports
Malaysia on Wednesday said it wants to complete talks this year for a separate trade-opening pact with India, in addition to liberalising commerce through the Indo-ASEAN Free Trade Agreement, operationalised this month.
Apart from this, employers may be allowed to deduct EPF contributions only on the basic pay of up to Rs 15,000, even if the employees' basic pay is above this ceiling. While on one hand this will allow companies to lower their wage bills, employees can also get a higher salary in hand.
The bilateral trade between India and Brazil is expected to cross $6 billion this year, according to Brazil-India Chamber of Commerce.
Drug maker Dr Reddy's Laboratories on Wednesday said it was looking out for partnerships to expand its presence in Japan.
BJP leader Subramanian Swamy on Sunday urged the Centre to do away with the system of collecting income tax and instead find out other means to raise money to the exchequer.
Finance Minister Arun Jaitley said that it is imperative to maintain high growth rates.
Mitra said that Tata group firm TCS was creating additional 20,000 jobs.
SEBI chairman C B Bhave on Friday said the market watchdog is planning to introduce more currency derivatives products, beginning with options, to give a wider choice to investors.
Sebi's latest direction is against floating any new product.
American companies have so far not evinced any interest in investing in the huge Indian infrastructure market, which is estimated to be worth over $200 billion, Civil Aviation Minister Praful Patel said on Tuesday.
Singh said his evangelising zeal had taught businesses to create new markets and made India a hub for innovation.
Union Water Resources Minister Uma Bharti on Monday dismissed concerns over alleged slow progress in the Centre's Namami Gange programme saying that the NDA government has resolved to make the river as "one of the cleanest" in the world by October 2018.
India's annual industrial output grew at a slower-than-expected pace of 3.6 percent in September.
India Inc on Tuesday expressed disappointment over the Reserve Bank increasing the key rate by 0.25 per cent and hoped that banks would refrain from hiking lending rates as such a move will scuttle economic recovery.
China's new confidence 'borders on arrogance' which is starting to create problems for world affairs, Kenneth G Lieberthal, director, John L Thornton China Center and Senior Fellow at the Brookings Institution said in New Delhi.
Positives like dalit music and literature should be promoted while reservations for the community can continue, Union Minister for Social Justice and Empowerment, Mukul Wasnik, tells Business Standard.
Mike Duke (left), senior vice president, Wal-Mart, and Sunil Bharti Mittal, president CII and chairman & group CEO, Bharti Enterprises, pose for a photo during the US-India Business Council luncheon in Washington, DC on Tuesday.
Union Home Minister P Chidambaram urged the captains of Indian Confederation of Industries to invest in naxal-affected areas too for the upliftment of the country.
Union Home Minister P Chidambaram on Wednesday visited the CRPF headquarters in New Delhi to take stock of the operations in Naxal-hit states.
Country's largest lender, State Bank of India, on Wednesday said it does not plan any hike in its lending or deposit rates in the near-term as the liquidity situation was evolving in the right direction.
Private Equity and Venture Capital funding in India needs to increase three-fold to $30 billion annually from the current level to shore up funding for small but promising companies, said a KPMG-CII report.
There are 344 notified SEZs spread across 40,000 hectare in the country that have so far attracted Rs 1 lakh crore (Rs 1 trillion).
Ficci: Rationalise tax structure; CII: Space for fiscal incentives is limited.
