The government on Monday said it was open to suggestions on fine-tuning amendments to patent laws.
Stressing on the 'Make in India' initiative, a Ministry of Defence appointed committee has recommended enhanced private sector involvement by granting manufacturers tax and import concessions.
Two unions representing Air India pilots have asked members not to accept the revised compensation and employment offer, calling the company's proposals "unfair labour practices." They said any coercion on pilots to sign the offer would lead to industrial unrest. The Tata group airline announced on Monday a new salary structure for pilots and cabin crew.
India and the US on Thursday said they are looking forward to the reconvening of the India-US Trade Policy Forum later this year to further enhance trade relationship and identify new areas for engagement.
Currently, 100 per cent FDI is permitted in brownfield pharma firms through clearance from the Foreign Investment Promotion Board.
Foreign direct investment into the country in the first quarter of calender year 2004 increased by 71 per cent year-on-year to Rs 5076.61 crore (Rs 50.77 billion) as compared to Rs 2968.26 crore (Rs 29.68 billion) in the same period last year.
Modi said it is an outcome of India's consistent reforms trajectory that the country's position is getting credence globally and is being recognised by international bodies like the IMF, World Economic Forum and UNCTAD.
The FIPB, headed by Department of Economic Affairs Secretary Arvind Mayaram, discussed 30 foreign direct investment proposals, including 10 from pharma sector.
It is mind-boggling to find our prime minister putting exports on the back-burner, says Jayanta Roy.
The 28 new ministers who joined the Chouhan cabinet on July 2 include 20 of cabinet rank and eight ministers of state.
The Cabinet can take a decision on the matter only after the Election Commission's approval.
Throughout 2022, China turned to the PLA as an increasingly capable instrument of Statecraft, strengthening its ability to 'fight and win wars' against a 'strong enemy', points out Ajai Shukla.
Swamped by Korean films dubbed in Mizo language, the film industry in Mizoram hopes that whichever party comes to power after polls should allocate more funds for its development.
Tata Trusts is one of India's oldest, non-sectarian philanthropic organisations involved in areas of community development.
Foreign direct investment (FDI) in India has declined by six per cent to $5.47 billion during January-March quarter of the current calender year even as government is making efforts to promote the country as an investment destination.
At the same time, the chief minister added, "We have decided to review the policy to remove any misconceptions in this regard."
Its new industrial policy appears to benefit industrial houses
Sectors that attracted maximum FDI include services, trading, automobile and power.
Despite the robust growth in this country, Apple's India share in its overall global sales remained modest -- constituting 1.5 per cent of its overall turnover of $389 billion in FY23.
FDI in drugs and pharmaceuticals was $487 million during April-August 2012, according to the latest data of the Department of Industrial Policy and Promotion.
Delhi's Industry Secretary Amit Yadav told PTI that the city government has communicated its decision to the Department of Industrial Policy and Promotion of the government.
The other sectors where inflows have declined include pharmaceuticals ( $680 million).
The contraction in November this year is the second biggest fall in the current financial year.
Foreign Trade Policy: More incentives for exports, focus on ease of trading
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
Global retail giant Walmart is expected to soon firm up its plan to foray into India's multi-brand sector.
The approvals would be handled independently by administrative ministries of different sectors.
Chaturvedi said the highest ever FDI flows received by the country were in FY12 at $35.12 billion while in four months of this fiscal alone we have crossed $10.75 billion.
Some 74 projects from Odisha and another 51 projects from Chhattisgarh have lined up before the Project Monitoring Group.
The government should stick to the recent clarifications released on FDI in multi-brand retail trading and not ease the conditions for foreign retailers.
In 2011-12, 2010-11 and 2009-10, the sector attracted FDI worth $1.99 billion, $1.66 billion and $2.55 billion respectively.
The Election Commission (EC) has raised certain questions on the government's proposal to allow foreign direct investment (FDI) in the construction and maintenance segments of the railways.
Decision-making is stretched because of differences in views between ministries.
Foreign Direct Investment into the country declined by about 38 per cent, year-on-year, to $2.91 billion in September, according to the Department of Industrial Policy and Promotion.
Having almost closed the last contours of the limited trade deal and with the announcement of a much larger trade deal in the offing, we have moved to a new level of engagement: Goyal.
The event will aim at drawing foreign investment in startups and push local partnerships.
