In an open letter to Prime Minister Manmohan Singh and to Union Commerce Minister Anand Sharma, the industry body has outlined its view on the climate change negotiations based on Indian industry's feedback and called for the prime minister to urge the developed world to provide technology transfer and funds to help mitigate the crisis.
Four new retailers from US, two from Germany may have shown interest in setting up shop in India.
The commerce ministry has sought a review of foreign direct investment policy in the pharmaceutical sector, in the light of recent takeovers of domestic companies by multinationals.
The minister, at a packed press conference, made it clear that New Delhi was not prepared for any compromise on the food security issue, adding the deal at Bali has to be fair and balanced as 'it is better to have no agreement than a bad Agreement'.
Commerce and Industrial Promotion minister Anand Sharma's rise in government has been dizzying, which is why his current setback is also precipitous. Ahead of the cabinet meeting that took place after Sharma's project -- to ensure the approval of Foreign Direct Investment (FDI) in retail -- was given the thumbs down, his colleagues are asking some searching questions and seeking some hard answers.
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Business leaders met Manmohan Singh to discuss the problems facing the country.
The chief minister said that he had received Sharma's letter regarding the union cabinet's decision for liberalisation of the Foreign Direct investment policy in multi brand retail.
Industry asked the government to be 'brave and bold' and said that it will rise to the occasion.
Scott Price is learnt to have conveyed to Sharma that Walmart remained committed to the India market.
Formation of the Rangarajan panel comes after Reddy proposed that the revision issue be placed before the empowered Group of Ministers.
The Commerce Ministry, according to an official, has proposed interest subsidy for different sectors like engineering which are reeling under the impact of global economic slowdown.
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.
Indonesian Trade Minister Gita Wirjawan, Chair of the Ninth Ministerial Conference, and the three Vice Chairs, in a joint statement, urged 'all WTO members to come together over the next few days to make the necessary breakthroughs, working closely with WTO Director General Roberto Azevedo.'
India clearly told the EU it would 'not accept' any further concession, as far as the automobile sector was concerned.
"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.
Delegation visit ahead of patent law report.
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India-European Union Broad-based Trade and Investment agreement came up for discussion in a meeting between Sharma and visiting Netherlands Minister of Foreign Trade and Development Cooperation Lilianne Ploumen in New Delhi.
The government should stick to the recent clarifications released on FDI in multi-brand retail trading and not ease the conditions for foreign retailers.
Gold imports, which peaked at 162 tonnes in May, came down to 19.3 tonnes in November.
The Cabinet on Thursday approved the stand taken by India at the recently concluded WTO meeting in Bali which endorsed New Delhi's point of view with regard to food security plan and trade facilitation pact.
In a bid to strengthen their bilateral economic ties, India and Indonesia plan to explore opportunities for co-operation in oil and gas, and railway sectors, among other areas.
Anand Sharma working tirelessly for extension of tax breaks that expired on March 31, 2010.
Having invested close to $15 billion in Indonesia, Indian firms have lined up further $15-16 billion investments.
In a major reform push, government on Thursday approved 100 per cent foreign direct investment (FDI) in the telecom sector, meeting a key demand of the fund-starved industry.
In a comment loaded with sarcasm, Bharatiya Janata Party on Monday said former Prime Minister Manmohan Singh had wanted to do a lot of things during his tenure but "so many super PMs" had prevented him, triggering protests from Congress members.
Margaret A Hamburg, the first commissioner of the US Food and Drug Administration (US FDA) to visit India officially, will meet heads of major domestic pharma companies such as Ranbaxy, Wockhardt, Cadila Healthcare and Lupin in New Delhi.
Worried over excessive outflow of foreign exchange as royalty and fees for technology transfer and use of brand names, Commerce and Industry Minister Anand Sharma wrote to Finance Minister P Chidambram on the matter.
In his attempt to revive a beleaguered Congress, Rahul Gandhi is trying to bring in new leadership in the form of Rajeev Gowda and BK Hari Prasad, whose names have been nominated for the Rajya Sabha, says Renu Mittal.
The move came as the country badly needs capital inflows as the rupee comes under pressure
Phase-I of the ambitious Delhi-Mumbai Industrial Corridor project entails an investment of Rs 17,319 crore(Rs 173.19 billion) and is poised to generate 330,000 jobs.
Talking tough, India on Friday threatened to drag the European Union to the World Trade Organization if the 28-nation bloc did not lift its ban on the import of Indian mangoes and vegetables.
The project is aimed at developing an industrial zone spanning six Indian states.
The talks for normalising trade had begun in November 2011.
A letter reversing the decision was sent by Rajasthan Chief Minister Vasundhara Raje to Commerce and Industry Minister Anand Sharma.
The company's plan was conveyed by IKEA chief executive officer Mikael Ohlsson, who met Commerce and Industry Minister Anand Sharma in New Delhi on Monday, sources said.
A panel headed by Economic Affairs secretary Arvind Mayaram had suggested FDI limit be raised to 49 per cent in almost all sectors through the automatic route.
All those in the Union council of ministers with two portfolios are likely to lose at least one and major administrative changes are expected in a Cabinet reshuffle due on October 28 or 29 on the return of President Pranab Mukherjee from Durga Puja celebrations in West Bengal.
The Commerce Ministry earlier this week commissioned a study to assess the impact of free trade agreement with South Korea, with which India had a trade deficit of about $9 billion in 2012-13.
Prices of automobiles, including cars, sports utility vehicles and two-wheelers, are set to come down with Finance Minister P Chidambaram announcing a reduction in excise duty in the Interim Budget.
The successful conclusion of the Doha round of trade negotiations would substantially augment global trade, Indian Minister of Commerce and Industry Anand Sharma said here.
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