China attracted a record foreign direct investment of $ 63 billion in 2006, up five per cent over the previous year, reversing a declining trend, Commerce Minister Bo Xilai said in Beijing.
Falling private sector investment and farm distress are problems that call for immediate attention, says T N C Rajagopalan.
Foreign direct investment into India increased to $7.5 billion in 2005-06, up 41.5 per cent from the previous fiscal's $5.3 billion.
Sushma Swaraj does not follow anybody, Gadkari is happy to track only two, while Parrikar has only 117 tweets.
Foreign direct investment into India is set to double and cross $11 billion this fiscal, Commerce Minister Kamal Nath said.
UK's largest retailer Tesco, Singapore Airlines and Etihad queued up to invest in India as a persistent UPA threw open more sectors to foreign investments with indications of more big ticket deals to be announced in the new year.
There is no reason to worry. We have exceeded our expectations. When we announced the FTP in 2004, our exports were at $63 billion. Today (in 2007-08), they have crossed $155 billion.
With India's exports all set to touch $80 billion in 2004-05, the new Foreign Trade Policy to be unveiled on Friday will have a slew of measures to boost farm exports apart from traditional sectors like textiles, gems and jewellery.
FDI in real estate will now be through the automatic route and not through the Foreign Investment Promotion Board.
The Sikkim Government has confirmed that 14 people have died so far in the flash floods that occurred in Sikkim in the early hours of Wednesday.
The comprehensive foreign trade policy provides for setting up free trade warehousing zones and gives major thrust to service exports.
An Indian high commission diplomat was denied permission to travel to Lahore to set up the mission's stall at the ongoing South Asian Association for Regional Cooperation Trade Fair where all the other SAARC nations have their representation.
With the economy slowing and an impending general election, Commerce Minister Kamal Nath on Thursday announced 26 measures to promote exports, mostly simplifying foreign trade schemes, even as he lowered the export target for 2008-09 to $175 billion against the $200 billion announced in April 2008.
In its new avatar as the Department for Promotion of Industry and Internal Trade (DPIIT), it will directly be responsible for 'the welfare of traders and their employees'.
Minister says states have no legal way to revoke decision.
India on Friday said it would lay down clear guidelines on imports of genetically modified crop varieties, Commerce Minister Kamal Nath said.
In a significant move to make the World Trade Organisations trade negotiations to meet the July-end deadline for a Framework Agreement, Trade Ministers of Non-Group 5 including India are meeting in Paris from July10-11.
Foreign direct investment inflows to India increased by 67.6 per cent year-on-year to $2.38 billion in the first six months of the current fiscal ended September 30.
Trade unions on Tuesday opposed the entry of foreign direct investment in the country's tobacco sector, considered the largest in the world, and asked the Government not to experiment in such 'socially sensitive' areas.
The zero-duty EPCG scheme is in addition to the 3 per cent EPCG scheme that was introduced last year.
The Opposition in the Rajya Sabha on Wednesday vociferously opposed any move to allow Foreign Direct Investment in general retail trade and demanded a full discussion on the issue.
The new Ministers of State sworn in by President Ram Nath Kovind at a ceremony in the Rashtrapati Bhavan include Virendra Kumar, Anant Kumar Hegde and Gajendra Singh Shekhawat, former IAS officers Alphons Kannanthanam and R K Singh, former diplomat Hardeep Puri and ex-Mumbai police chief Satyapal Singh. Two other new faces are Ashwini Kumar Choubey, a member of the Lok Sabha from Bihar, and Shiv Pratap Shukla from Uttar Pradesh.
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.
The government is considering to tweak FDI policy in retail sector so as to allow global chains like Walmart, Carrefour and Tesco to open multi-brand stores in non-hilly cities with population less than one million.
With the fall of Congress, Chidambaram's political graph too started moving southwards.
When asked about a social media campaign to boycott Indian products in the wake of the row, the minister said he has not heard of any such thing.
Before leaving on a 10-day foreign visit starting Monday, Sharma said he would address concerns of foreign retail sector investors and ensure help in setting up stores.
India is the world's largest diamond cutting centre.
India on Thursday extended tax holiday and duty refund for exporters, while allowing duty free capital goods import under its Foreign Trade Policy to insulate them from protectionism induced by recession abroad. Unveiling the five-year policy, Commerce Minister Anand Sharma set a target of $200 billion worth exports for next fiscal, a feat that India failed to achieve in 2008-09 due to a slump in global demand in the face of financial crisis.
"NSO is a private company, it is not a governmental project and therefore even if it is designated, it has nothing to do with the policies of the Israeli government," Israel's Foreign Minister, Yair Lapid, said at a joint press conference with Prime Minister Naftali Bennett and Finance Minister Avigdor Lieberman at the Prime Minister's Office on Saturday evening.
The new mantra was to align Apple's ambition with the government's, focusing on Modi's favourite themes of Make in India, employment generation and India as a high-tech export hub.
It appears that the focus of commerce minister Anand Sharma, when he unveils the new foreign trade policy, will be to eliminate unnecessary paperwork and thereby help reduce transaction costs for exporters, while retaining the basic framework of the present FTP.
Once again, tax demands on foreign investors cause worry.
In the subcontinent, Wal-Mart is aiming for slow and steady growth.
India is poised to capture a large chunk of global business on the back of high economic growth, liberal foreign direct investment regime and a skilled human reservoir, Commerce Minister Kamal Nath said on Friday.
The Indian Budget 2009-10 presented by Finance Minister Pranab Mukherjee earlier this week, has disappointed many Indian American investors as it does not focus adequately on some of the key issues, including disinvestment and infrastructure development, IACC said on Friday.
Do you think foreign funds should be allowed in India's higher education sector? Will it be a boon or curse for the Indian economy? Or does it sound silly to run foreign playschools, colleges and universities in India?
To cut transaction costs for traders, the government has launched an online facility for issuing Importer-Exporter Code Number.
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