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.
The government is simplifying the procedure for filing tax deducted at source returns to assist taxpayers and mop up higher revenues.\n\n\n\n
Among food articles, vegetable prices surged by 69.69 per cent mainly on account of onion, which witnessed 455.83 per cent jump in prices, followed by potato at 44.97 per cent.
Idea is to bring stakeholders together and explore ways to increase export of services from India.
Anand Sharma, who took charge of the nodal ministry for FDI on May 29, said there is no need for a relook at the policy amended in February by the Department of Industrial Policy and Promotion. While the policy does not allow overseas inflow into this sector, the changes in February were perceived to be opening the sector to FDI up to 49 per cent in an Indian firm that has a downstream subsidiary firm in retailing.
The commitment by Japan to invest $35 billion or 3.5 trillion YEN is for infrastructure sector over five years.
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.
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.
'I have many times bought meals for the accused, and the police pay for it.'
'We need to confront such people else they will be encouraged to harass more women in the future,' notes HR guru Mayank Rautela.
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.
Indian small and medium enterprises are expected to emerge as major buyers of the information technology products by 2008. According to Joydeep Datta Gupta, executive director of Deloitte & Touche Consulting, any IT-led SME business transformation project could succeed only if the project was sustained.
Juster played a key role in the landmark Indo-US civil nuclear deal.
'If the mandis were not working in Delhi, or the onion market in Nashik got affected, or there were disruptions because of unloading or loading in any sector in south India, we intervened.'
A revamped Electronic Data Interface system and easier norms for the Accredited Clients Programme are some features likely to be introduced to reduce the transaction time and costs of exporters. Some of the measures may figure in the annual supplement to the Foreign Trade Policy, which is being released on Apr 11. ComMin officials expect the new Electronic Data Interface System to become operational by the end of this fiscal. Exporters will have to submit lesser documents.
"In the last four years, 35 million pounds worth legal work pertaining to international deals have been done in India and during the same period ten times of that work was done abroad," Alison Hook, Head of International department at the Law Society of England and Wales, told PTI. Expressing her optimism that India would 'open up (its legal sector) in due course' as the country looks for expansion abroad, Hook said, "The longer it takes, India will lose more opportunities."
The finance minister was speaking after launching the maiden IDF scheme of IIFCL Mutual Fund in New Delhi on Tuesday.
Exports may fall below $300 bn by 2015-16 end.
The West Bengal government may consider asking companies to directly purchase land for all industrial projects, including the Salim group's proposed SEZ.
Foreign direct investment (FDI) in India declined by about 15 per cent to $12.6 billion (Rs 74,971 crore) during April-October this year, Parliament was informed on Wednesday.
Telecom subscribers had it good during Rahul Khullar's watch as Telecom Regulatory Authority of India (Trai) chairman.
With bilateral border trade through the historic Silk Route between India and China remaining open for one more month, the export turnover from India is likely to increase substantially. Annual border trade, which this year commenced three weeks after the scheduled date, had started on a tepid note to record a thin volume in the first two months, but the business picked up subsequently.
In its first acquisition in India, the American online retail giant is planning to buy out the fashion portal
The U.S. economy grew faster than initially thought in the second quarter.
This decision will come as a relief to Essar's multi-product port-based SEZ project in Hazira as well as of Adani Group's zone in Mundra, which the revenue department felt was not built on vacant land when it was notified, and hence it had violated the law. Both the zones are in Gujarat.
Tourism boards have turned innovative in radio advertising when it comes to promoting their destinations among Indian travellers.
According to data released by the Sikkim commerce and industries department in Gangtok, utensils including copper bowls fetched a revenue of Rs 900,000 for Indian traders during four months of trade at the Renquinggang mart. Other products like black tea, textiles, woollen shawls, canned food, vegetable oils and cigarettes were in demand from importers.
Fresh guidelines issued by the Union home ministry on Wednesday permit industries operating in rural areas to run from April 30 with strict social distancing norms.
Foreign Trade Policy: More incentives for exports, focus on ease of trading
The government has decided to set up a joint venture company with industry body Ficci for encouraging investment in the country."The Invest India company, a joint venture between the department of industrial policy and promotion and Ficci, would be funded by the government and managed by the chamber," commerce and industry Minister Kamal Nath said
The United States on Monday said India 'missed' a major opportunity to get a liberalised regime for the much sought-after H1B visas by not agreeing to Doha deal in Geneva this July.
'What Jaishankar says is simplistic.' 'The past does not matter that much.' 'If we think that it does it is because we are not good enough at running the nation competently today and are searching for excuses why,' argues Aakar Patel.
Analysts point out that exporters outside SEZs enjoy Cenvat credit against service tax paid on a host of services subscribed to while engaging in export-related activities. In addition, the department of revenue recently permitted service tax exemption on seven services used by exporters.
Coming out strongly in defence of foreign direct investment in retail, the ministry of commerce and industry has told the Prime Minister's Office that there is no empirical evidence to suggest that organised retail would adversely impact small retail
According to Sanjeev Chopra, secretary of the horticulture and food processing department of West Bengal, steps were being taken so that exporters from the state could sell overseas at least 1 per cent of the total state produce through the AEZs.
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
The decision was taken by an inter-ministerial Board of Approval.
'You have come out with a package for the kisan.' 'You have a package for industry.' 'But has anyone addressed the issues concerning small traders?'
