News for 'Commerce Department'

Import ban on TVs: Chinese majors face double whammy

Import ban on TVs: Chinese majors face double whammy

Rediff.com10 Aug 2020

The steep rise in prices of key components, coupled with a ban on the import of finished sets, is expected to hit prominent Chinese brands, such as OnePlus, Xiaomi, TCL, and Realme.

FBT rebate plan on exports held up

FBT rebate plan on exports held up

Rediff.com24 Apr 2006

Beware of Chinese honey!

Beware of Chinese honey!

Rediff.com26 Dec 2020

Chinese companies have 'designed' the sugar syrup which is used to adulterate honey so that it can pass Indian laboratory tests, reveals Sunita Narain.

Postal dept has overtaken SBI on digital connectivity: Ravi Shankar Prasad

Postal dept has overtaken SBI on digital connectivity: Ravi Shankar Prasad

Rediff.com15 Feb 2016

Prasad also said India will be a $1 trillion opportunity for digital companies in five years

SC favours green Diwali; restricts bursting of crackers to 2 hours

SC favours green Diwali; restricts bursting of crackers to 2 hours

Rediff.com23 Oct 2018

The apex court also restrained e-commerce websites like Flipkart and Amazon from selling firecrackers which are beyond the permissible limit.

Multi-brand retail FDI policy riders might be eased

Multi-brand retail FDI policy riders might be eased

Rediff.com18 Jul 2013

The department of industrial policy and promotion, nodal agency for FDI policy under the ministry of commerce and industry, seems to have prepared a note for the Cabinet Committee of Economic Affairs to consider.

Right to Privacy: Data harvesting by web firms under threat

Right to Privacy: Data harvesting by web firms under threat

Rediff.com25 Aug 2017

People use Internet on smartphones, using apps which use their data to provide tailor-made services

Doing business in India gets a bit easier

Doing business in India gets a bit easier

Rediff.com16 Feb 2015

An online system generates import-export code.

Exports: 1.09 lakh people lost jobs

Exports: 1.09 lakh people lost jobs

Rediff.com18 Feb 2009

Over one lakh people have lost their jobs in the export sector in the last five months due to the global downturn, the Rajya Sabha was informed on Wednesday.

Data goof-up: Iron ore exports shown 157% higher

Data goof-up: Iron ore exports shown 157% higher

Rediff.com3 Jun 2013

Figures compiled by the Directorate General of Commercial Intelligence & Statistics, under the commerce ministry, showed India's iron ore exports jumped a whopping 157 per cent to 121 million tonnes in 2012-13, compared with 47 million tonnes a year ago.

How much diamonds were imported in April-November?

How much diamonds were imported in April-November?

Rediff.com2 Mar 2018

Two entities under the Union ministry of commerce report differing figures for import of cut and polished diamonds for the first eight months of the financial year.

Modi govt may not take quick steps on multi-brand retail

Modi govt may not take quick steps on multi-brand retail

Rediff.com20 May 2014

In a recent interview, Narendra Modi, set to take charge as prime minister in a few days, had said his government wouldn't roll back any policy in the sector.

Modi must oversee India's trade policy

Modi must oversee India's trade policy

Rediff.com22 Nov 2019

India needs a National Trade Policy Council, chaired by a minister who reports directly to the PM, says Jayanta Roy, former economic advisor to the Union commerce ministry.

Trump signs twin executive orders targeting trade 'cheaters'

Trump signs twin executive orders targeting trade 'cheaters'

Rediff.com1 Apr 2017

The order would ensure that the US fully collects all duties imposed on foreign importers that "cheat".

Postmen to carry GPS devices from next week

Postmen to carry GPS devices from next week

Rediff.com26 Dec 2015

GPS devices will enable real-time money transactions

Rotomac owner Vikram Kothari arrested over Rs 3,695 crore loan default

Rotomac owner Vikram Kothari arrested over Rs 3,695 crore loan default

Rediff.com22 Feb 2018

The CBI has initiated the action on the complaint of Bank of Baroda, which was a member of consortium led by Bank of India, which had approached the agency fearing that Kothari may flee the country like Nirav Modi and his uncle Mehul Choksi.

PM Modi asks secretaries to approach him directly

PM Modi asks secretaries to approach him directly

Rediff.com4 Jun 2014

In a first, Prime Minister Narendra Modi on Wednesday met the secretaries of all the government departments collectively and asked them to directly get in touch with him to resolve issues and expedite decision-making.

Karnataka taxman frowns at Amazon's warehouses

Karnataka taxman frowns at Amazon's warehouses

Rediff.com9 Nov 2014

Amazon's fulfilment centres, which store products of hundreds of vendors selling on the American online major's platform, are being cited by Karnataka state government authorities as a primary concern in an ongoing tax dispute.

The men behind Sitharaman's 2nd Budget

The men behind Sitharaman's 2nd Budget

Rediff.com30 Dec 2019

Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.

Finance ministry wants reasons for IKEA climb down

Finance ministry wants reasons for IKEA climb down

Rediff.com9 Jan 2013

DEA official writes to DIPP suggesting that govt needs to understand what has been left out, and why, in the revised application of the retailer.

No coronavirus lockdown for aerospace, defence firms

No coronavirus lockdown for aerospace, defence firms

Rediff.com3 Apr 2020

'For Indian firms supplying global majors, coronavirus is both a threat and an opportunity.'

Ahead of visit, Pompeo says US-India ties 'incredibly important'

Ahead of visit, Pompeo says US-India ties 'incredibly important'

Rediff.com11 Jun 2019

Pompeo would leave for New Delhi on June 24.

No dept of RBI has been shifted out of Mumbai: BJP

No dept of RBI has been shifted out of Mumbai: BJP

Rediff.com7 Oct 2014

Maharashtra Congress accused the govt of being biased against the state, and claimed that it was planning to reduce the importance of Mumbai as the financial capital.

Ratan Watal is new finance secretary

Ratan Watal is new finance secretary

Rediff.com31 Aug 2015

Watal a 1978-batch Andhra Pradesh cadre IAS officer.

Parliamentary panel pulls up govt on SEZs

Parliamentary panel pulls up govt on SEZs

Rediff.com3 May 2007

A Parliamentary Committee has pulled up the government for going ahead with approvals for more Special Economic Zones without waiting for its report on the subject.

Kingfisher, Pratt & Whitney ink $300 mn deal

Kingfisher, Pratt & Whitney ink $300 mn deal

Rediff.com21 Nov 2006

Vijay Mallya, chairman and chief executive officer of Kingfisher Airlines Limited was in Washington, DC on Monday to sign a contract worth $300 million with Pratt & Whitney

Review on FDI in cigarette industry soon

Review on FDI in cigarette industry soon

Rediff.com5 Jul 2009

The Department of Industrial Policy and Promotion (DIPP) under the Ministry of Commerce has called a meeting on July 10 to discuss the foreign direct investment (FDI) policy in the cigarette industry.

FDI in retail may not be allowed, hints Nirmala

FDI in retail may not be allowed, hints Nirmala

Rediff.com27 May 2014

The BJP-led government may not permit foreign retailers to open mega stores in the country as such a move may adversely impact small traders and farmers, new Commerce and Industry Minister Nirmala Sitharaman indicated.

Why the US economy's growth numbers will keep world markets buoyant

Why the US economy's growth numbers will keep world markets buoyant

Rediff.com27 Dec 2014

With rest of the world showing no signs of growth and headwinds ahead for US growth, chances are that we might continue to see central banks pumping money into their economies

Rs 300-cr awareness programme on IPR

Rs 300-cr awareness programme on IPR

Rediff.com31 Mar 2008

The Department of Industrial Policy and Promotion (DIPP), the nodal department that handles intellectual property rights (IPR) related matters under the commerce ministry, is launching an ambitious Rs 300-crore (Rs 3 billion) project to sensitise all stakeholders, including law enforcement agencies, scientists, companies, ministries and the general public on IPR issues.

Essar SEZ faces de-recognition

Essar SEZ faces de-recognition

Rediff.com17 May 2007

The department of commerce may de-recognise the 247-hectare engineering special economic zone at Hazira, promoted by Essar Hazira SEZ Ltd.

Alibaba set to bring back the Walmart ghost

Alibaba set to bring back the Walmart ghost

Rediff.com11 Apr 2016

Traders were up in arms, fearing huge job loss if Walmart was to enter.

FDI in aviation: PM may consult ministers

FDI in aviation: PM may consult ministers

Rediff.com17 Apr 2012

The commerce and industry ministry had moved a Cabinet note to allow foreign carriers pick up equity in their Indian counterparts.

New norms to curb car import misuse

New norms to curb car import misuse

Rediff.com15 Apr 2006

CBDT probes 50 IRS officers for suggesting to tax super-rich

CBDT probes 50 IRS officers for suggesting to tax super-rich

Rediff.com26 Apr 2020

In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.

Ban 2: No more Chinese firms in highway projects

Ban 2: No more Chinese firms in highway projects

Rediff.com1 Jul 2020

India will not allow Chinese companies to participate in highway projects, including those through joint ventures, Union Minister Nitin Gadkari said on Wednesday amid the border standoff with China. Gadakri also said the government will ensure that Chinese investors are not entertained in various sectors like the micro, small and medium enterprises (MSMEs).

Natural calamities wreak havoc on spices and coffee plantations

Natural calamities wreak havoc on spices and coffee plantations

Rediff.com22 Nov 2019

Karnataka suffered a crop loss in around 97,365 hectares out of the total bearing area of 2,26,244 hectares of coffee and spices plantations.

US approves sale of 6 Apache attack choppers to India

US approves sale of 6 Apache attack choppers to India

Rediff.com13 Jun 2018

In addition to the attack helicopters, the contract also includes fire control radars; Hellfire Longbow missiles; stinger Block I-92H missiles; night vision sensors and inertial navigation systems.

Pranab cremated with full state honours in shadow of pandemic

Pranab cremated with full state honours in shadow of pandemic

Rediff.com1 Sep 2020

Mukherjee's family and relatives paid their last respects clad in PPE kits while conforming to COVID-19 safeguards.