The RBI is scheduled to review its short-term lending rates on Tuesday, amidst apprehensions that it may not go in for interest rate cut even as the pause on the hikes may continue.
The minister addressed the Global India Business Meeting organised by the Federation of Indian Chambers of Commerce and Industry in the German city. CEOs of leading firms from India, Germany, the US and Saudi Arabia, including Siemens, Volkswagen, AirAsia, Bajaj Auto, Genpact India and Infosys attended the conclave.
Commerce and Industry Minister Anand Sharma has said India will not "rush to" the World Trade Organization (WTO) over the "regressive" steps taken by the US recently, which include an increase in the visa fee and a special levy on foreign manufacturers.
The minister also exuded confidence that India would be able to sustain 20 per cent export growth in the current fiscal.
Meeting on Tuesday to decide on letting foreign airlines buy into domestic ones.
India's exports need free trade and reform. The government, however, is extending failed schemes.
Formation of the Rangarajan panel comes after Reddy proposed that the revision issue be placed before the empowered Group of Ministers.
The government on Wednesday ruled out banning export of onion saying the spurt in domestic prices was "temporary" caused by unseasonable rains and market closures.
Noting that SMEs in India account of substantial part of domestic production and that 40 per cent of the manufacturing and exports come out of SMEs, the minister said that SMEs, particularly the medium enterprises, are great incubators of technologies and that such an initiative would make the bilateral trade and commerce more meaningful.
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.
Commerce Minister Anand Sharma and Planning Commission Deputy chairman Montek Singh Ahluwalia will also participate in the India-US Business CEOs Forum Meeting.
India and Malaysia on Friday signed a landmark pact that paves the way for freer flow of trade in goods and services, besides enhanced investment and economic cooperation between the two countries.
The chairman and CEO of Dow Chemicals Andrew Liveris will not attend the Indo-US CEO Business Forum meeting scheduled to be held in Washington.
Finance Minister Pranab Mukherjee is leading a high-powered team of policymakers, including Commerce Minister Anand Sharma and Planning Commission Deputy Chairman Montek Singh Ahluwalia at the India-US CEOs Forum.
India's exports slid for the 11th straight month in August by 19.7 per cent to $14.3 billion as global demand for merchandise remained sluggish.
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.
South African President Jacob Zuma thanked Commerce Minister Anand Sharma for India's support in the matter, when the two met here this morning. India had been lobbying for South Africa's inclusion.
India and Australia have expressed a keen interest to work together to boost two-way trade following talks in Canberra during the visit of Indian Commerce Minister Anand Sharma, its Trade Minister has said.
Minister says states have no legal way to revoke decision.
Ahead of unveiling the Foreign Trade Policy, Commerce Minister Anand Sharma on Wednesday said the government was looking at cooperating with states to bring down transaction costs to make exports more competitive. India's exports have been on a downslide since October 2008.
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.
CCEA approves its Rs 10,500-cr investment in India.
Voices of opposition to FDI in retail from within the United Progressive Alliance gained momentum on Tuesday with a Congress member of Parliament from poll-bound Uttar Pradesh criticising the decision, saying it will hurt the poor and its timing was not right.
If economic pundits and analysts are to believe, India's growth story presents a rosy picture and it is destined to be a significant economic power soon.
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.
These may weaken India's long-standing demand of easy, flexible rules.
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.
This accord marks the success of India's Look East Policy and is the first with a trading bloc.
This accord marks the success of India's Look East Policy and is the first with a trading bloc.
Commerce minister Anand Sharma had taken up the treaty when he was in the US in June. The two are also trying to bridge differences on the investment protection treaty.
Centre has lifted the ban on exports of a certain variety grown in Karnataka.
"Our government is fully committed to an early breakthrough in the Doha agreement based on the December 2008 draft texts in agriculture and industrial goods. It must be a balanced agreement that addresses the legitimate concerns of developing countries," Commerce Minister Anand Sharma said.
Commerce Minister Anand Sharma has issued several signals about his government's commitment to conclude the Doha talks, saying it is a priority issue for New Delhi. While many industrialised countries, including some developing nations, praised Sharma for adopting a conciliatory stance to break the 'impasse,' other members in the developing world are apprehensive about New Delhi's stance, especially its discussions with the US trade representative, trade envoys said.
With the pressure on for the European Union (EU) and India to come up with a significant announcement at the upcoming EU-India summit on December 10, a flurry of activity surrounding the ongoing negotiations for a bilateral free trade agreement (FTA) is giving momentum to the process.
Replying to supplementaries in Rajya Sabha during Question Hour, commerce minister Anand Sharma said, "There can be no negative impact of organised retailing on unorganised sector as 96 per cent of retail business is in unorganised sector.
The zero-duty EPCG scheme is in addition to the 3 per cent EPCG scheme that was introduced last year.
But the government rejected their demand and instead promised to hold an internal inquiry.
For the second time since Press Note 2 and 4 were issued in February 2009, the Department of Economic Affairs in the finance ministry has raised questions on their implementation, this time over an application before the Foreign Investment Promotion Board.
The fresh initiative by Commerce Minister Anand Sharma to meet ambassadors of the key members of the World Trade Organisation (WTO) in Geneva, in a bid to revive the deadlocked Doha round of trade negotiations, is well-timed though a positive outcome may be doubtful.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances