This was announced by Commerce and Industry Minister Kamal Nath at the conclusion of the 2nd meeting of India-Russia Forum on Trade and Investment, coinciding with the visit of Russian Prime Minister Victor A Zubkov in New Delhi on Wednesday.
India imports gold worth $26 bn in Apr-Dec period.
Cos ask US treasury to discuss data localisation norms with Indian officials at all platforms the two countries would meet, including G-20, US-India Strategic Dialogue, and IMF Annual Meet.
Prime Minister Manmohan Singh on Saturday asked the industry to enhance its contribution for creation of infrastructure through increased investment and assured that "holding the price line" was a priority for the government.
Import of jewellery from Hong Kong attracts no duty in India, due to a free trade agreement.
The 'Make in India' concept in the defence sector has the potential to help India meet 70 per cent of its defence needs in a few years.
India and China are together expected to equal world's largest jewellery market, the United States, by 2015 when the global gems and jewellery trade is expected to touch $230 billion, states a new industry report.
The stock was the worst hit among Sensex and Nifty components.
Finance secretary Ajay Bhushan Pandey on Sunday hinted that the government was working on another stimulus package but he refrained from giving a timeframe.
10 central trade unions have called a nationwide shutdown against 'anti-worker policies' of the central government. Apart from being successful in Bengal, Kerala and NE states, the bandh has also got support from Cong leader Rahul Gandhi and Shiv Sena in Maharashtra.
Pre-Diwali Dhanteras sales of gold and silver witnessed a tepid response from consumers on Thursday on account of high prices of the precious metals and sluggish demand due to COVID-19 induced economic hardship, according to jewellers and industry experts. However, jewellers are expecting maximum footfalls on Friday as Dhanteras -- considered the most auspicious day in Hindu calendar for buying items, ranging from precious metals like gold and silver to utensils -- is being celebrated for two days this year.
'Only when China treats India as an equal can we consider them real friends.'
India's biotech industry has a vast potential for bilateral cooperation with US firms for collaborative research, technology trade, licensing and distribution.\n\n\n\n
The French president said that peace should be maintained in the region and peoples' rights should be protected.
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The Council includes companies like Tata Motors, Flipkart, Airtel, P&G, Madison World, ICICI Bank, HUL, Micromax and Future Group among others.
The possibility of the slowdown affecting more players is greater if the industry doesn't get access to easier finance in the next six to eight months.
Lobby group tells USTR it has got assurance from India on compulsory licensing.
With exporters' claim for over five months still pending, liquidity has been wiped out and the process of finalising new contracts has been held up.
The SC said, "You must tell us some way of preventing unemployment also. We cannot have people unemployed and hungry. There are areas where firecrackers can be used."
Particularly hit has been the apparel sector, where the time taken by the industry to adjust to the Goods and Services Tax regime, downward revision of export incentives, and a credit squeeze faced by small and medium scale enterprises, has pushed production downwards.
A course on 'land acquisition, rehabilitation and environmental clearance of projects' is also being offered by IIT-Kharagpur.
The government should also introduce zero duty for gold imports so as the world trade shifts to India.
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
US India Business Council has urged New Delhi and America to take steps to strengthen bilateral trade relationship to realise their 'true business potential'.
Japan on Friday assured India that recent clashes between the police and workers of a Japanese multinational in Gurgaon would not affect flow of investment from Tokyo, while agreeing with New Delhi that the incident was one-off.
Meanwhile, retail jewellery sales in India have declined by 50 per cent since gold price started its uptrend nearly two weeks. Buyers deferred their fresh purchase amid expectations of a correction in gold prices from the current high level.
The proposals will be reviewed by the World Trade Organization's General Council.
Once the GST is passed, the centre and states will have to adopt their own law.
China is in no hurry to disengage at the border and the region and international community is moving on. The spectre of a long haul in Ladakh haunts India, points out Ambassador M K Bhadrakumar.
Besides addressing a high-level meeting of the US-India Business Council at Washington on June 17, Sharma will hold discussions with the US secretary of state Hillary Clinton. During his three-day engagements, the commerce and industry minister would meet US Commerce Secretary Gary Locke and US trade representative Ronald Kirk.
The tour is aimed at boosting India's economic engagement with these nations and inviting more investment.
Growing at an annual 13 per cent rate, domestic leather industry aims at doubling its exports earnings to $4 billion by 2010.\n\n
The NSE Nifty settled the day 96.80 points, or 0.94 per cent lower, at 10,224.95
Currently, India imposes 30-45 per cent duty on textile products from Pakistan.
The 10th ministerial conference, will be held at Nairobi, Kenya.
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