China, Indonesia ready to agree to a four-year interim solution.
Asking the government to tweak FDI norms in multi-brand segment, retailers said sourcing rules must be made similar to that of single brand while demanding foreign firms be allowed to put only 50 per cent of first tranche of investment in back-end infrastructure.
While India allows 100 per cent FDI in a large number of the sectors, there is a ceiling on foreign investment in sensitive segments like multi-brand retail, insurance, defence and telecom.
Besides India, the other affected countries are Pakistan, Bangladesh, Sri Lanka, Nigeria and Ghana. The pilot scheme is expected to run for a year from this November before being extended to all visa types.
UK's largest retailer Tesco, Singapore Airlines and Etihad queued up to invest in India as a persistent UPA threw open more sectors to foreign investments with indications of more big ticket deals to be announced in the new year.
Rajya Sabha was adjourned twice during Question Hour on Monday as the Congress created uproar saying there were inconsistencies in government statements on the World Trade Organisation though Finance Minister Arun Jaitley asserted there was no contradiction.
India's plans to relax foreign direct investment (FDI) rules across a broad spectrum of industries have received the final approval from the Cabinet Committee of Economic Affairs (CCEA).
Accusing Narendra Modi of being "desperate" to become prime minister, the Congress on Sunday said it will remain a "pipe-dream" and the "divisive" leader's nomination will help the United Progressive Alliance to return to power for a third term.
No one's quite sure on the retail FDI issue in this regard, after the new Rajasthan and Delhi governments cancelled the approvals given by their predecessors
The government is working to expedite clearances to $12 billion project of steel major Posco in Odisha that was awarded environment clearance last week, Commerce and Indutry Minister Anand Sharma said on Tuesday.
India rejected the proposed interim measure and trade facilitation agreement, risking an outright collapse of the ongoing talks.
India's Food Security Act entitles 82 crore people to 5 kg of foodgrains per person a month at Rs 1-3 per kg.
Over a year after the deadline to grant Most Favoured Nation (MFN) trading status to India, the Pakistani government on Thursday declined to specify any time limit to meet the long-pending demand from here.
Union Minister for Rural Development Jairam Ramesh continues to be the rising star in Rahul Gandhi's Congress. With the Congress war room at Gurdwara Rakabganj Road being re-designated as the Congress Coordination Centre, Ramesh has been appointed as the convenor of a small group which would look after the co-ordination work for the 2014 Lok Sabha elections.
Composite dialogue likely to be formally revived; PM visit might also be marked with grant of trade MFN status. Nayanima Basu reports
Under the India-South Korea Bipa, a party can drag the other to international arbitration if its investments are threatened.
As a row erupted over his meeting with Mumbai terror attacks mastermind Hafiz Saeed, journalist Ved Pratap Vaidik, considered close to Baba Ramdev, on Monday rejected suggestions by Congress that he might have acted as government's envoy, saying he was "nobody's envoy but my own".
Pakistani Prime Minister Nawaz Sharif has cancelled his visit to WEF annual meeting after a deadly Taliban attack in his country.
Corporate Affairs Minister Sachin Pilot intoned, "Recent incidents will certainly dampen business confidence and investment sentiment, both domestic and foreign; and perhaps also negatively affect decision making by bureaucrats and policy makers."
The Congress, however, said it wanted to see the final print on the wording of the dispute resolution mechanism before committing its support to the Bill
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Expressing concern over the investment and innovation environment in India, a top US trade official has said the recent set of economic reforms initiated by the country were not enough to return to the path of robust growth.
The Indian government has simplified FDI policy inorder to attract global retail chains.
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
The Prime Minister directed that a special cell be created immediately in the Cabinet Secretariat.
The prime minister is likely to talk about its possible extension.
The finance minister admitted that there was no quick-fixes to economic problems and the government is working to stabilise the economy which may take time.
India scored a remarkable win on food security, but trade partners will now put pressure on New Delhi to provide meaningful openings for industrial goods and services and be more accommodative on liberalising tariffs.
For the four new players, the spike in wealth is 126 per cent.
Concerns over effective control not addressed in the second revised shareholders' agreement, says DIPP; Sebi opposes commercial cooperation pact
Flaring of tempers comes atop much simmering trouble on clashing views; these stands might now get frozen.
The compulsions of domestic politics notwithstanding, India and Bangladesh script a new story in bilateral relations, say Nayanima Basu and Aditi Phadnis
He will be in Mumbai for a day to deliver a keynote address at Future Unleashed.
Any delay in passing the coal bill may cause a crisis in the coal sector which would also affect the power sector.
Since allowing FDI in multi-brand retail has been left to the states, Indian companies may not benefit as foreign investors are wary of the politics.
Despite criticism of a lack of transparency and communication from the Modi-led government, BJP leaders point to "good beginnings" on several fronts to defend its performance. Sheela Bhatt/Rediff.com reports.
Most of the opposition parties blamed Rashtriya Swayamsevak Sangh-affiliates for the cow vigilantism.
A glance back at some of the important ups and down Indian Inc faced in 2018.
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