China's foreign trade in 2004 is expected to reach an all-time record $1.1 trillion, up 30 per cent from the previous year, making the nation the third largest trade power in the world, minister of commerce Bo Xilai said.
Meeting on Tuesday to decide on letting foreign airlines buy into domestic ones.
The Centre is unlikely to announce an agreement over payment mechanism with Russia until a ceasefire is declared in the Ukraine war, said people in the know. An inter-ministerial group headed by the finance ministry has been meeting regularly for over a month to analyse and discuss payment mechanisms that can work under the current circumstances and ensure the trade between India and Russia is not disrupted. The US had recently said that there would be consequences for countries actively attempting to "circumvent or backfill" American sanctions against Russia.
American online major Amazon seems to be almost doubling its India investment going by the company's recent announcement during Prime Minister Narendra Modi's state visit to the US. From the time the Seattle-headquartered company started its India journey in 2013, its investment into the country is pegged at $11 billion or roughly $1.1 billion a year. By committing a fresh round of $15 billion by 2030, the Jeff Bezos-founded company's investment would go up to more than $2 billion a year over the next seven years.
Formation of the Rangarajan panel comes after Reddy proposed that the revision issue be placed before the empowered Group of Ministers.
The issues around trade gaps, especially around steel and aluminium tariffs imposed by the US, will be addressed separately.
The commerce ministry will put up a note to the Cabinet for 100% FDI in speciality retail like electronics, building equipment etc.
During the visit, the Prime Ministers will attend a community event in Sydney to celebrate Australia's dynamic and diverse Indian diaspora, "a core part of our multicultural community", the Australian government said in a statement.
While winding up his speech against foreign direct investment in multi-brand retail, All India Anna Dravida Munnetra Kazhagam member of Rajya Sabha V Maitreyan thanked all those who supported his stand and said the government had committed a blunder.
To reap the benefits following India and Pakistan governments' decision to further bilateral trade ties, a high-powered 70-member delegation of the Federation of Indian Chambers of Commerce and Industry
The government has often defended its decision to open multi-brand retail to foreign direct investment (FDI) by saying modernisation of the sector through fresh investment would bring down wastage of fruit and vegetables.
The 58-year-old Rajya Sabha MP will face several challenges, including strengthening of the combat capabilities of the army, navy and the air force due to changing regional security matrix and geo-political dynamics.
Government today gave the go ahead to 20 foreign technology collaboration proposals, including technology agreement of ABB Ltd, Cummins India and Samurai Entertainment.
Speaking about the issue in India in March 2012 at a media conclave, Kissinger defended his use of unparliamentary language while referring to Prime Minister Indira Gandhi.
The decision to allow 51 per cent foreign direct investment in multi-brand retail was announced in November last year.
India's exports need free trade and reform. The government, however, is extending failed schemes.
At least 77 per cent of all foreign investors in India make profit and another 8 per cent break even, Minister for Commerce and Industry Kamal Nath said.
After dithering for months, if not years, the government suddenly unleashed a barrage of reforms.
Till such time as the study is complete, the plan to allow 51 per cent foreign direct investment in speciality retail sectors such as consumer electronics and sports goods has been put on hold.
Pakistan's Finance Minister Miftah Ismail on Monday said the government can consider importing vegetables and other edible items from India following the destruction of standing crops due to massive floods, three years after Islamabad downgraded trade ties with New Delhi over the Kashmir issue.
Legal sector may be opened up for foreign investment.
Newly-elected Conservative Party leader and prime minister in waiting Liz Truss is among the senior British politicians known for championing deeper India-UK strategic and economic ties, describing them as a "sweet spot" of global trade dynamics.
China on Monday denied reports of reaching an agreement with the United States over Washington's demand to let its currency Yuan appreciate.
The minister is on a two-day visit to Russia for India-Russia Business Dialogue, held under the umbrella of the St Petersburg International Economic Forum 2012.
DEA official writes to DIPP suggesting that govt needs to understand what has been left out, and why, in the revised application of the retailer.
CCEA approves its Rs 10,500-cr investment in India.
With India's exports touching $80 billion in 2004-05, government on Friday announced a slew of measures in the new Foreign Trade Policy, aimed at taking the exports to $92 billion in the current fiscal.
On its part, the Reserve Bank of India tried to help exporters by easing some restrictions imposed on holders of Exchange Earners Foreign Currency accounts and by giving effect to the commerce minister's announcements regarding extension of the interest subvention scheme for one more year and for more items.
The Euro 25-billion firm can now set up furniture stores in India, along with restaurants and cafes, in line with its global concept.
The five-year Foreign Trade Policy, to be unveiled on August 27, is expected to give incentives to Indian exporters to widen their global markets beyond the United States, the European Union and Japan in the face of the economic crisis in these key destinations.
The government will announce a new foreign trade policy next month aimed at boosting exports especially from agriculture sector.
In another instance, a foreign partner of a notified SEZ had already procured equipment abroad for setting up the units but could not send them to India as all proposals were put on hold.
He dropped those perceived to be non-performers or whose integrity came into question, and also where it was felt they needed to learn a lesson or two in humility.
Ahead of unveiling the Foreign Trade Policy, Commerce Minister Anand Sharma on Wednesday said the government was looking at cooperating with states to bring down transaction costs to make exports more competitive. India's exports have been on a downslide since October 2008.
Medical tourism in India alone is estimated at $3 billion and projected to grow to $7-8 billion by 2020
The annual supplement to the Foreign Trade Policy, which will be released on Friday by Commerce Minister Kamal Nath, is likely to announce a host of measures for exporters to help them tackle the appreciation in rupee against the dollar as well as to achieve an export target of $200 billion for 2008-09. Significantly, this is the last year of the Foreign Trade Policy, which was introduced after the UPA government came into power in May 2004.
The US hails the landmark 'India-Middle East-Europe Economic Corridor' which will usher in a new era of connectivity from Europe to Asia and will stimulate economic growth across the two continents.
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