News for 'Department of Commerce'

Govt to promote India as investment destination for startups

Govt to promote India as investment destination for startups

Rediff.com15 Mar 2016

The campaign will be launched in global as well as domestic markets across the media.

'Rupee below 62 against dollar for long is a cause for concern'

'Rupee below 62 against dollar for long is a cause for concern'

Rediff.com16 Dec 2014

Forex dealers said besides continued demand for the American currency from importers, increased capital outflows by foreign funds kept pressure on the rupee.

Sops for drug exporters avoiding Europe

Sops for drug exporters avoiding Europe

Rediff.com25 Nov 2009

The Department of Pharmaceuticals has submitted a freight subsidy scheme for exporters to the Commerce Ministry so that they could take alternate routes and avoid transit through Europe, which is a shorter route with better connectivity.

India: No access to 11 of 16 US dual tech regimes

India: No access to 11 of 16 US dual tech regimes

Rediff.com23 Nov 2009

Lifting of restrictions on these dual use technologies is one of the major areas of focus of Prime Minister Manmohan Singh when he meets US President Barack Obama at the White House on Tuesday.

Govt clears Wipro proposal to set up SEZ in Andhra

Govt clears Wipro proposal to set up SEZ in Andhra

Rediff.com30 Sep 2014

The decision regarding this was taken by the Board of Approval in its meeting on September 18.

Retail sector may see 100% FDI

Retail sector may see 100% FDI

Rediff.com17 May 2005

Corporate espionage: More officials may be involved in leaks, say CBI sources

Corporate espionage: More officials may be involved in leaks, say CBI sources

Rediff.com13 Mar 2015

Probe reveals "first and second" level of decision making in ministries of finance and commerce was "compromised".

Inter-ministerial talks on new FTP soon

Inter-ministerial talks on new FTP soon

Rediff.com27 May 2009

While the directorate general of foreign trade has completed consultations with the industry and exporters, it will start interacting with the different ministries like agriculture, finance, micro, small and medium Enterprises, steel and environment. Revenue department in the finance ministry holds the key for extending benefits to exporters who are facing the brunt of recession in several major economies.

Why boycott calls against China, India's largest trade partner, will fail

Why boycott calls against China, India's largest trade partner, will fail

Rediff.com19 Oct 2016

Apart from cotton, copper, petroleum and industrial machinery, India does not export much to China. This means that India buys six times the merchandise it sells to China, points out Abhishek Waghmare.

No. of Indians visiting US will grow by 42% in 2015

No. of Indians visiting US will grow by 42% in 2015

Rediff.com2 Jun 2015

China with 163% projected growth is expected to lead globally.

Sibal launches mobile phones made by domestic players

Sibal launches mobile phones made by domestic players

Rediff.com5 Dec 2013

Handset firms Karbonn and Lava International launched their smartphones, while Maxx Mobiles introduced its feature phone targetted at the rural market.

Flipkart sale under ED lens

Flipkart sale under ED lens

Rediff.com15 Oct 2014

According to sources, the directorate has sent a letter to Flipkart on the basis of complaints received after the Big Billion Day sale on October 6.

Kenneth Juster to be America's new ambassador to India: WH

Kenneth Juster to be America's new ambassador to India: WH

Rediff.com22 Jun 2017

Juster, who is the Deputy Assistant to the US president for International Economic Affairs and Deputy Director of his National Economic Council, would replace Richard Verma if nominated and confirmed by the Senate.

Infy bags e-biz govt contract

Infy bags e-biz govt contract

Rediff.com22 Jul 2009

Financial details of the project, awarded by the department of industrial policy and promotion, were not disclosed. The eBiz Project announced on Tuesday is among the 27 central, state and integrated mission mode projects under the National e-Governance Plan of the Department of Information Technology. Under it, Infosys will also do training, workshops, promotion and awareness campaigns.

Govt not to reduce FDI cap in existing pharma companies

Govt not to reduce FDI cap in existing pharma companies

Rediff.com29 Nov 2013

Currently, 100 per cent FDI is permitted in brownfield pharma firms through clearance from the Foreign Investment Promotion Board.

US Senate panel confirms Ken Juster as envoy to India

US Senate panel confirms Ken Juster as envoy to India

Rediff.com27 Oct 2017

Juster played a key role in the landmark Indo-US civil nuclear deal.

Need India to be a net security provider in Indo-Pacific: Trump admin

Need India to be a net security provider in Indo-Pacific: Trump admin

Rediff.com7 Sep 2017

The Trump regime has informed the Congress that it 'strongly supports' transfers of F-18 and F-16 fighter proposals put forth by Boeing and Lockheed Martin respectively.

Now, DEA questions Press Notes 2 & 4

Now, DEA questions Press Notes 2 & 4

Rediff.com17 Jun 2009

For the second time since Press Note 2 and 4 were issued in February 2009, the Department of Economic Affairs in the finance ministry has raised questions on their implementation, this time over an application before the Foreign Investment Promotion Board.

Govt to sell-off 10% stake in MMTC

Govt to sell-off 10% stake in MMTC

Rediff.com30 Sep 2009

The commerce ministry has consented to 10 per cent disinvestment in MMTC that can fetch the government Rs 17,000 crore (Rs 170 billion)at present valuation.

China rules out India's NSG entry without specific plan

China rules out India's NSG entry without specific plan

Rediff.com21 Jun 2019

China, while blocking India's entry into the NSG previously, has called for a two-step plan that stipulates the need for the NSG members to arrive at a set of principles for the entry non-NPT states and then move forward discussions of specific cases.

American firms eye Indian nuclear pie

American firms eye Indian nuclear pie

Rediff.com25 Nov 2008

With billions of dollars in military technology agreements likely to be made with the United States-India nuclear deal going through, there's an excited buzz among American companies.

India, UK to increase bilateral trade

India, UK to increase bilateral trade

Rediff.com18 Jun 2004

India and Britain have decided to give a fresh impetus to increase bilateral trade which crossed over 5 billion pounds last year.

What I learned from failure: Lessons from a co-founder

What I learned from failure: Lessons from a co-founder

Rediff.com6 Aug 2018

It's important to learn from failure, and just show up the next day, and the next, till you've got it right, says Radhika Ghai, co-founder, ShopClues

US census bureau to report same-sex couples

US census bureau to report same-sex couples

Rediff.com4 Aug 2009

In a major policy reversal the US Commerce Department has officially announced that the US Census Bureau would report married same-sex couples in the 2010 census.

Indian cement cos to be tech-savvy soon

Indian cement cos to be tech-savvy soon

Rediff.com28 Nov 2007

The Indian government has asked the cement industry to concentrate on modernisation and upgradation of technology, optimisation of operations and increased application of automation and information technology.

After US giants, SMEs make pitch in India

After US giants, SMEs make pitch in India

Rediff.com11 Nov 2009

The US department of commerce's first Aerospace Supplier Development Trade Mission to India is currently on a five-day trip to the country. The mission has 11 aerospace companies, many of which are suppliers to Tier-I and Tier-II aerospace companies in US and different parts of the world.

Rohit Nandan to continue as Air India CMD for one month

Rohit Nandan to continue as Air India CMD for one month

Rediff.com21 Aug 2015

Rohit Nandan will continue to work as Chairman and Managing Director (CMD) of national carrier Air India for one month or till Ashwani Lohani takes over from him.

After 'Make In India', govt to promote 'Served from India'

After 'Make In India', govt to promote 'Served from India'

Rediff.com12 Nov 2014

Idea is to bring stakeholders together and explore ways to increase export of services from India.

After Trump snub, US increases defence ties with India

After Trump snub, US increases defence ties with India

Rediff.com7 Jun 2019

'The US and India continue to use their deepening relationship to build new partnerships within and beyond the Indo-Pacific.'

Prabhu's new trade policy mum on achieving exports target

Prabhu's new trade policy mum on achieving exports target

Rediff.com6 Dec 2017

Foreign Trade Policy: More incentives for exports, focus on ease of trading

Menon to brief NSG troika ahead of Vienna meet

Menon to brief NSG troika ahead of Vienna meet

Rediff.com20 Aug 2008

On the eve of the Nuclear Suppliers Group's extraordinary plenary meeting to decide on nuclear commerce with India, Foreign Secretary Shiv Shankar Menon will brief the current chair Germany and two other key members of the 45-nation NSG.

Tata to hike wages despite meltdown

Tata to hike wages despite meltdown

Rediff.com19 May 2009

Speaking on the sidelines of an HR conference organised by the Indian Chamber of Commerce, S Tambe, vice president, human resources & corporate administration, TML said, "There are companies that haven't given a raise this year but we are definitely looking at giving increments this year."

Startups get tax breather upto Rs 10 cr investment

Startups get tax breather upto Rs 10 cr investment

Rediff.com12 Apr 2018

Giving major relief to budding entrepreneurs, the government on Thursday allowed startups to avail tax concession only if total investment including funding from angel investors does not exceed Rs 10 crore.

Govt creates 'Japan Plus' to fast track Japanese investments

Govt creates 'Japan Plus' to fast track Japanese investments

Rediff.com10 Oct 2014

The commitment by Japan to invest $35 billion or 3.5 trillion YEN is for infrastructure sector over five years.

Govt mulls tariff policy to contain prices

Govt mulls tariff policy to contain prices

Rediff.com9 Jul 2008

For the first time, the government is considering the merits of a tariff policy to contain prices that could include allowing external agencies to import commodities and cultivating some essential crops overseas. An inter-departmental team from the ministries of finance, food and consumer affairs and commerce has been asked to work out a strategy to this effect.The finance ministry's department of economic affairs has submitted its views and a final paper is under preparation

SEZ applications to go online

SEZ applications to go online

Rediff.com28 Nov 2008

The zones will be required to register themselves with www.sezindia.nic.in. Currently, developers have to send SEZ-related applications to the Department of Commerce, after which the inter-ministerial Board of Approval (BoA), headed by Commerce Secretary Gopal K Pillai, takes a call on them.

Exports may fall below $300 bn by 2015-16 end

Exports may fall below $300 bn by 2015-16 end

Rediff.com25 Nov 2015

Exports may fall below $300 bn by 2015-16 end.

FDI shifting from China to India? 3 reasons why it's a joke!

FDI shifting from China to India? 3 reasons why it's a joke!

Rediff.com20 May 2020

'The belief that FDI will shift from China appears to be a strategy of politicians to keep the media busy, chasing irrelevant news to ward off pressure and questions about the government's plans to deal with COVID,' observes Debashis Basu.

Dole-outs failed TMC in Bengal

Dole-outs failed TMC in Bengal

Rediff.com26 May 2019

Since much of the voting was on religious lines, Mamata's rural focus became irrelevant.