India's crude oil import bill has jumped 40 per cent to Rs 117,032 crore (Rs 1170.32 billion) in 2004-05 on the back of high international oil prices, petroleum secretary S C Tripathi said on Monday.
Besides meeting his counterpart, he will also attend the Aero-indian show and have sessions with the CII and FICCI.
'As much as $4 billion in India's start-up companies has come from Chinese funds.' 'Government policy must not remain indifferent to the problems India's start-up ventures are likely to face after the change in FDI rules,' says A K Bhattacharya.
A Ganesh Nadar/Rediff.com brings you some fascinating facts and photographs from India's first international rail exhibition.
As part of efforts to boost Indo-US trade ties, a high-level American delegation led by president and CEO of US Chamber of Commerce Thomas J Donahue will visit India on Tuesday for a meeting with the Confederation of Indian Industry.\n\n\n\n
After stepping down from the board with effect from September 30, he will remain as Chairman Emeritus of the FMCG firm, according to a statement issued on Wednesday. The 79-year-old industrialist passed on the baton of GCPL to his younger daughter Nisaba Godrej in 2017 after leading the company for 17 years.
Outgoing American Ambassador to India Robert D Blackwill said the Indian government had also spoken about considering sending troops under different circumstances.
Companies are worried that any staggered roll-out of GST could result in cash flow issues with businesses not able claim tax credit due to breakage in the chain
According to CAIT, e-commerce policy should take within its ambit not only foreign players but also domestic ones.
As unemployment has gone up, countries have tightened their visas. We need to make sure there is no long-term impact, said CII.
Even as the industrial cycle has ground to a halt during the 21-day lockdown, the industry has been hit hard by foreign orders from major clients in the US and Europe being cancelled. Also, a sudden lack of labour has crippled the sector because of a mass exodus of workers from industrial units to the hinterland.
However, in recent times, the clout that trader bodies such as CAIT and other organisations like Swadeshi Jagran Manch and Laghu Udyog Bharati has is steadily increasing. Earlier this year, trader bodies were able to convince the government not to extend the deadline for implementation of the new norms in FDI policy on e-commerce.
New Delhi to push for services trade facilitation & food stockpiling.
Implementation of GST is expected to increase the gross domestic product of the country.
Openly backing the ISL as the country's elite competition for the first time, the Indian FA (AIFF) said its recommendation was based on the Master Rights Agreement it signed in 2010 with its commercial partners Football Sports Development Limited.
Reversing a six month declining trend, WPI inflation moved up marginally to 0.11 per cent in December mainly because of increase in prices of food items.
Poor policymaking, a fractious industry and the cockeyed nature of regulations are to blame, saya Vanita Kohli-Khandekar.
RBI has cut the rates thrice so far in 2015 by 25 bps each.
Indo-US economic relations have vast potential but pending issues like the one about the failed Dabhol power project need to be resolved, US Undersecretary of State Alan P Larson told visiting Indian businessmen in Washington.
Goyal wondered why an e-commerce market place model, where a firm provides an IT platform for buyers and sellers, was incurring such huge losses adding that it needs to be looked into.
With days to go before Prime Minister Atal Bihari Vajpayee's visits China accompanied by a 55-member industry delegation, Confederation of Indian Industry on Monday said the country provided ample business opportunities and incentives.
India will emerge as the global leader in the services sector in the next few years not only in the software sector and IT-enabled services but also in health, design, engineering, education and maintenance,
The meeting will focus on how to make the crisis an opportunity for India.
'Birla only made representations to then PM for coal blocks allocation.'
According to CAIT, the estimated loss to Chinese manufacturers this Diwali could be as high as Rs 40,000 crore.
On the telecom sector, he demanded auctioning of more spectrum.
The world's biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people, may have cost the Indian economy Rs 7-8 lakh crore during the 21-day period, analysts and industry bodies said.
Speaking at the Global Innovation and Technology Alliance Platform in New Delhi, T Ramasami, Secretary, Department of Science and Technology said, India has captured a grassroot innovation system through formal structures.
Credit Suisse First Boston, a leading investment banker, has scaled down India's GDP growth from 5.7 per cent to 5.4 per cent for the financial year 2002-03.\n\n\n\n
Prime Minister Narendra Modi said India and the United Kingdom are economically made for each other.
'It is entering growth territory on a month-on-month basis.'
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