Indian exporters on Monday said the fluctuating rupee will not only raise imports bill but would also lead to volatility affecting their businesses.
Gems and jewellery exports may have risen over 20 per cent so far this fiscal, but the rising rupee has cost 150,000 diamond workers their jobs in the last one year, the head of the Gems and Jewellery Export Promotion Council, Sanjay Kothari, said.
New Delhi sought a sovereign guarantee to prevent Paris from ever citing the Arms Trade Treaty to interrupt, modify or cease delivery of the Rafale fighter at any stage.
India's direct import of roughs was $767 million from Russia in 2013, a little less than five per cent of India's total import of roughs.
In its UP Vision Document, the BJP had promised it would shut down illegal and mechanised abattoirs in the state if it came to power.
Expressing serious concerns over the DTC Bill, SEZ entrepreneurs on Tuesday said the proposed tax provisions would hit employment and drive away investors from the special economic zones.
The minister said the terrorist groups created by Pakistan is not only harming India, but also hurting its neighbours.
We have our own problems for sure and they are not trivial, but for now, our economy is in not too bad a shape, our politics is as personality-driven and authoritarian as that of most countries in the world. We must make the best of what we have and not be excessively unhappy looking at the grass on the other side of the septic tank which may not be greener after all!, observes Shreekant Sambrani.
The department for promotion of industry and internal trade has asked the telecom department and State-owned BSNL to put on hold the tender for setting up 4G network, valued at Rs 9,000 crore, after allegations emerged that the tender favoured foreign companies. The tender was floated by BSNL in March under the new management for setting up the 4G network.
He also said GST will take about a year to stabilise.
The developers, including Raheja Ltd, Ascendas, L&T and GMR, among others, are in the Ministry of Commerce and Industry's Export Promotion Council for export oriented units and special economic zones.
'In case of shortage of other raw material, like filters and bags, one can try to develop another vendor. However, for chemicals as critical as adjuvants, this is not possible'
GSTN said those who do not want to give their Aadhaar numbers would have to undergo physical verification.
India on Wednesday asked its South Asian neighbours to increase intra-regional trade as a cushion against slowdown in exports to the US and European markets.
India's guar gum exporters are facing discrimination in the Chinese market with the Dragon country allowing duty exemptions to the commodity coming from Pakistan.
The partial withdrawal would mean that Iran would stop exporting enriched uranium stocks as stipulated by the 2015 agreement.
The USIBC has encouraged a streamlined implementation of the GST.
'So far, the government has sanctioned more than Rs 300 billion as GST refunds,' Ansh Bhargava and Aditya Singhania point out.
"By January 2010 there could be massive job losses on unprecedented scale which could lead to social problems in apparel manufacturing clusters across the country," AEPC Chairman Rakesh Vaid said.
Leading economic think-tank NCAER has advocated slew of policy reforms, including a felxible labour regime, to boost exports from the country.
GST will also make our exports more competitive and also provide a level playing field to domestic industry to compete with imports, the President said.
The draft direct tax code that will lead to overhaul of the Income Tax Act, has created uncertainty among the developers and units in the special economic zones over continuation of the tax sops.
The RBI on Wednesday eased gold import norms by allowing select trading houses, in addition to already permitted banks, to procure the precious metal to boost exports.
Pompeo, during a Congressional hearing on Thursday, told the members of the House Foreign Affairs Committee that 'the actions are entirely consistent with what they have been signalling to the world for decades you might even argue since 1989, but certainly since General Secretary Xi came to power'.
'His death is an irreparable loss to the nation'.
A sightholder is a company on the Diamond Trading Company's list of authorised bulk purchasers of rough diamonds.
The assurance came after a meeting of the Saudi Arabia's Supreme Council for Petroleum and Mineral Affairs, which was chaired by King Abdullah. The meeting, which reviewed world oil market developments, referred to the resolution taken by the last OPEC summit in Riyadh in which leaders said they would manage petroleum resources to ensure sustained development. The summit expressed its satisfaction over the progress of work at new investment projects.
On the present government's 'Make in India' campaign, C Rangarajan, former chairman of the Prime Minister's Economic Advisory Council, says it is important to first ask for whom it is being made.
Gold and silver imports during April, 2013 jumped by 138 per cent to $7.5 billion against $3.1 billion in the year-ago period.
'No matter how severe sanctions the UN security council imposes on North Korea, the impact of the sanctions would depend on how faithfully they are enforced by China,' says Dr Rajaram Panda.
US-India Business Council President Nisha Biswal believes once the economic activity and demand resumes, India could hold the potential for diversification of supply chains and manufacturing.
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
As Wal-Mart's disclosures on lobbying generated political heat in India, records with American House of Representatives show that around 27 Indian companies have spent money on lobbying in the US.
The US Chamber of Commerce has written the President complaining of India's discrimination against a wide range of US exports.
Vice President Bhairon Singh Shekhawat on Saturday asked the gem and jewellery exporters to create brand India image by improving product quality with the use of latest manufacturing technology.
Expectations of Healthcare sector from Union Budget 2013-14.
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Imports of gold virtually stopped since July 22 after confusion on the new import rules.
Besides urging the Centre for extension of loan moratorium, the hotel and travel industries have also demanded deferment of GST and advance tax payments and waiver of fees for all forthcoming licences and permits.
