The Modi government finds itself in a contradiction of its own making. It has encouraged pro-Russian, Westophobic public sentiment while setting strategic policy that's exactly the opposite, points out Shekhar Gupta.
A cross-gender staff deployment -- female officers where male MPs were protesting and male officers where female MPs were protesting -- was made. But this did not deter the MPs belonging to a cross-section of opposition parties -- from the Congress to the Left to the TMC and to the DMK.
India has asked Indonesia to remove barriers on import of pharma products, in a bid to boost trade ties between the two countries.
Nitin Gadkari is the rising star, Arun Jaitley commands respect while minister of state Dharmendra Pradhan seems to be the PM's new favourite.
The country's exports rose by about 6 per cent to a "record" $447 billion during 2022-23 on account of healthy growth in the outbound shipments of sectors such as petroleum, pharma and chemicals and marine, Commerce and Industry Minister Piyush Goyal said on Thursday. The country's imports also grew by 16.5 per cent to $714 billion in 2022-23 as against $613 billion in 2021-22. He said that the exports of goods and services together scaled "new heights" and has increased by 14 per cent to $770 billion in 2022-23 as against 676 billion in 2021-22.
In the first nine months of financial year 2022-23, India's exports of medical devices have grown by 17 per cent, while imports have declined by around 8 per cent, show the latest data compiled by the Association of Indian Medical Device Industry (AiMeD). However, import of 30 medical devices from China has risen between 25 per cent and 152 per cent during this period, the AiMeD has written to Commerce and Industries Minister Piyush Goyal in March. The AiMeD is an umbrella organisation of medical device makers.
The defence ministry is in the final stages of preparing the new procurement policy, which will 'aggressively' pursue indigenisation, Defence Minister A K Antony said in Kochi on Monday.
The recent Foreign Trade Policy announcement to waive service tax for exporters had the backing of the Prime Minister, Commerce Ministry sources said on Tuesday.
The prime minister, who is on a two-day visit to the state, inaugurated, laid the foundation stone of and dedicated to the nation, railway and metro projects in the state worth Rs 4,500 crore.
The BJP maintained that stability in economic growth and economic policies of the government along with strong currency attracts foreign investment.
President Pranab Mukherjee said he had no role in Singh's exit as RBI Governor.
Making the announcement, the Ministry of External Affairs said on Tuesday that India will hold the G20 presidency from December 1, 2022, and will convene the G20 leaders' summit in 2023 for the first time.
Meeting on Tuesday to decide on letting foreign airlines buy into domestic ones.
Infrastructure, manufacturing and telecom are understood to be among the focus sectors
The interim free trade agreement between India and Australia will come into force on Thursday, providing duty-free access to thousands of domestic goods such as textiles, and leather in the Australian market. The agreement will help almost double the bilateral commerce to $45-50 billion in around five years, according to exporters and industry players. The Economic Cooperation and Trade Agreement (ECTA), which was signed on April 2, would provide duty-free access to Indian exporters of over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery in the Australian market.
Bilawal Bhutto, chairman of the ruling Pakistan People's Party, will take up "some political responsibility" in September, his father and Pakistan President Asif Ali Zardari has said.
Indian exporters are keeping their fingers crossed on account of rising Covid infections in China and other countries as it could again disrupt supply chains and affect demand for goods. Federation of Indian Export Organisations (FIEO) director general Ajay Sahai said that if the cases continue to increase in the coming days, it may have implications on imports. "We are keeping our fingers crossed," he said.
"Commerce ministry pushes for all these things. There is no proposal to devalue," a top finance ministry official said. "Exporters would have come to the commerce ministry with this issue. However, there is nothing to discuss from our side."
Minister says rupee and market surge caused by current recovery in the external sector, 8% economic growth possible in next three years.
India has substantially increased its crude oil imports from the US, with the country's share in India's crude basket hitting a record 14.3 per cent in December, commerce ministry data showed.
Formation of the Rangarajan panel comes after Reddy proposed that the revision issue be placed before the empowered Group of Ministers.
India and Australia would now implement the free trade agreement on a mutually agreed date as the Australian Parliament on Tuesday approved the pact between the two countries. "BREAKING: Our Free Trade Agreement with India has passed through parliament," Australian Prime Minister Anthony Albanese said in a tweet. The India-Australia Economic Cooperation and Trade Agreement (AI-ECTA) needed ratification by the Australian parliament before its implementation.
While winding up his speech against foreign direct investment in multi-brand retail, All India Anna Dravida Munnetra Kazhagam member of Rajya Sabha V Maitreyan thanked all those who supported his stand and said the government had committed a blunder.
The farm sector's contribution to Indian economy is just around 20 per cent and rural India is in a shambles.
Mahindra & Mahindra chairman emeritus Keshub Mahindra passed away this morning in Mumbai due to old age. Mahindra, 99, breathed his last this morning at home peacefully, said a person close to the family. After joining the company in 1947, he became the chairman in 1963.
The commerce ministry will put up a note to the Cabinet for 100% FDI in speciality retail like electronics, building equipment etc.
'In 1984, Pyongyang just had one hotel and one could not move out without an official escort.' 'India was the only country with an embassy, apart from the socialist countries.'
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.
In sharp contrast to the stand taken by his secretary yesterday, Commerce Minister Kamal Nath on Thursday said the Centre can review all special economic zones in Goa as it does not want to thrust SEZs on the states.
The government is likely to extend fiscal incentives for production of toys, bicycles and leather and footwear in the forthcoming budget as it looks to expand production linked incentive (PLI) scheme to cover more high-employment potential sectors, sources said. The government has already rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, food products, high efficiency solar PV modules, advance chemistry cell and speciality steel. The scheme aims to make domestic manufacturing globally competitive and create global champions in manufacturing, and it is yielding solid results, sources said.
The new Ministers of State sworn in by President Ram Nath Kovind at a ceremony in the Rashtrapati Bhavan include Virendra Kumar, Anant Kumar Hegde and Gajendra Singh Shekhawat, former IAS officers Alphons Kannanthanam and R K Singh, former diplomat Hardeep Puri and ex-Mumbai police chief Satyapal Singh. Two other new faces are Ashwini Kumar Choubey, a member of the Lok Sabha from Bihar, and Shiv Pratap Shukla from Uttar Pradesh.
To reap the benefits following India and Pakistan governments' decision to further bilateral trade ties, a high-powered 70-member delegation of the Federation of Indian Chambers of Commerce and Industry
As China continues to wobble from the global recession -- with real estate as well as the entrepreneurial index considerably down, especially around the Pearl Delta -- new windows of opportunities are opening for India to enhance its own market leverage over China, analysts say.
Prime Minister Narendra Modi has assets worth Rs 1.26 crore while Defence and Finance Minister Arun Jaitley stands out as the richest minister with assets totalling Rs 72.10 crore.
The finance minister hiked the total defence expenditure from Rs 203,672 crore in FY 2013-2014 to Rs 229,000 crore for FY 2014-2015. Though the increase appears substantial, it is insufficient to undertake the military modernisation necessary to meet the emerging threats, feels Brigadier Gurmeet Kanwal (retd).
India scripted history as the ambitious third Moon mission of the Indian Space Research Organisation (ISRO) touched down on the Moon's south pole, propelling the country to an exclusive club of four and making it the first nation to land on the uncharted surface.
India's merchandise exports spurted to a record high of $418 billion in the 2021-22 fiscal on higher shipments of petroleum products, engineering goods, gem and jewellery and chemicals, according to official data released on Sunday. Outbound shipments touched an all-time high of $40 billion in a month in March 2022, Commerce and Industry Minister Piyush Goyal told reporters. Exports stood at $34 billion in March 2021.
The move is aimed at dealing with any possible emergency situation on account of a spurt in coronavirus cases.
The decision to allow 51 per cent foreign direct investment in multi-brand retail was announced in November last year.
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