The Department of Industrial Policy and Promotion (DIPP), the nodal department that handles intellectual property rights (IPR) related matters under the commerce ministry, is launching an ambitious Rs 300-crore (Rs 3 billion) project to sensitise all stakeholders, including law enforcement agencies, scientists, companies, ministries and the general public on IPR issues.
The BJP-led government may not permit foreign retailers to open mega stores in the country as such a move may adversely impact small traders and farmers, new Commerce and Industry Minister Nirmala Sitharaman indicated.
Two entities under the Union ministry of commerce report differing figures for import of cut and polished diamonds for the first eight months of the financial year.
Did you know that India is among the top five countries in food processing?
Watal a 1978-batch Andhra Pradesh cadre IAS officer.
The Department of Industrial Policy and Promotion in the Commerce Ministry proposes to scale back the Foreign Direct Investment ceiling for the tobacco industry from 100 to 74 per cent and insert a caveat that cigarettes manufactured in the new ventures or in upgraded facilities must be mainly for consumption outside India.Sources said the department, which is responsible for the policy on FDI, is finalising a cabinet note aimed at comprehensive review of the tobacco policy.
The commerce and industry ministry had moved a Cabinet note to allow foreign carriers pick up equity in their Indian counterparts.
The CBI has initiated the action on the complaint of Bank of Baroda, which was a member of consortium led by Bank of India, which had approached the agency fearing that Kothari may flee the country like Nirav Modi and his uncle Mehul Choksi.
Despite the devastating terror attack on Mumbai, the US-India Business Council has decided to take its largest ever trade delegation of American commercial nuclear executives to India in January next year.
There had been few signs of social distancing as thousands of farmers from Punjab and Haryana began their protest last week against the three new agro-marketing laws, setting off on a march to the national capital.
In moves that may benefit Indians applying for business visas to visit America, the United States State Department and Department of Homeland have announced a number of steps to expedite the processing time for visas.
The industry department had planned to get 10,000 price quotations from producers in order to have a new-look WPI, which incorporates a better snapshot of the economy. Out of this, 8,000 products are manufactured items. However, it now emerges that the DIPP may get price quotations from only 6,400 industrial units and factories.
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Traders were up in arms, fearing huge job loss if Walmart was to enter.
For nearly seven years, Bhatia served in the first and second George W Bush Administrations, first in the department of commerce and then in the department of transportation, before finally enjoying a more than two-year stint as deputy US trade representative, the senior-most administration position ever served by an Indian American, before he resigned end October last year, to return to the private sector.
'Despite being limited to my house, I was able to interact with a diverse set of people, to try and understand consumer behaviour.'
The retail company has sought approval to invest Rs 10,500 crore to set up single-brand retail stores in the country.
The finance ministry is of the view that all interests -- direct and indirect -- should be taken into account and that there should not be any threshold for calculating total effective foreign shareholding in a company.
A Pakistani national pleaded guilty on Friday before a United States court to charges of illegally exporting nuclear-related material to restricted entities back home, Justice Department said.
Major portfolios like home, finance and education were on Tuesday allocated to People's Democratic Party ministers by Jammu and Kashmir Chief Minister Mufti Mohammed Sayeed who will himself hold the charge of home ministry.
Officials have stated the finance ministry is also contemplating doing away with some of the key export promotion schemes, to check revenue leakage -- such as the advance licence scheme and export promotion capital goods scheme.
The long awaited-resumption of border trade between India and China through the Nathu La pass in Sikkim has been finally set for June 30.
US Commerce Secretary, John Bryson said his country needs to build on the momentum in manufacturing sector.
The issues around trade gaps, especially around steel and aluminium tariffs imposed by the US, will be addressed separately.
"It will be ensured that such agreements (free trade agreements) do not have a detrimental effect on domestic manufacturing in India," according to the National Manufacturing Policy (NMP), cleared by the Union Cabinet on October 25.
The Department of Industrial Policy and Promotion under the commerce ministry has floated a draft Cabinet note for inter-ministerial discussions on foreign direct investment in aviation.
Ways to reduce barriers to Indo-US high-tech trade will top the agenda of the two-day meeting of the High Technology Cooperation Group to be held in New Delhi next week.
South China regions including Guangdong, Hainan and Guangxi Zhuang Autonomous Region were affected by strong gales and heavy downpours on Sunday morning.
While an official in the Commerce Department indicated a trade war was in the offing, till now the government has been in wait-and-watch mode.
With Iran reaching an agreement on its nuclear programme, India is expected to be one of the major gainers.
India needs a National Trade Policy Council, chaired by a minister who reports directly to the PM, says Jayanta Roy, former economic advisor to the Union commerce ministry.
Far more important than governance is to ensure how different states get necessary representation a'The pressure to expand the council of ministers will come from states where the BJP has formed a government after ousting the Congress,' predicts A K Bhattacharya.
United States President George W Bush has sent the nomination of Santanu K Baruah, an Indian-origin former management consultant whom he picked as an Assistant Secretary of Commerce for Economic Development, to the Senate for approval.
The steep rise in prices of key components, coupled with a ban on the import of finished sets, is expected to hit prominent Chinese brands, such as OnePlus, Xiaomi, TCL, and Realme.
With exports on a downturn due to the economic crisis battering major markets in the US and EU, China has said it will turn to developing countries to sustain its foreign trade-dependent economic growth.
'I would like to convey the message to your readers that the prime minister himself is directly seized of the situation on the ground. He periodically reviews the situation on the ground and how it is moving forward, taking inputs from economists, business leaders, chambers of commerce.'
According to the order, all factories producing essential goods and services will remain operational at full capacity.
Exports to China saw sustained double-digit growth for the fourth straight month in August, led by eightfold rise in iron and steel shipments.
