'For the first time, all major countries are discovering India's indispensability to their own foreign policy interests.'
We are looking at bringing quality control orders for mass production items such as smart meters and ceiling fans. This will benefit our own industry and consumers, a government official said.
Existing norms mandate 2/3rd of members of an airline's board must comprise Indian nationals
India's economic image is not affected due to Adani Group's recent decision to pull out Rs 20,000 crore FPO (follow-on public offers) amid allegations of financial wrongdoings, Finance Minister Nirmala Sitharaman said on Saturday.
The Modi PMO is like none other: It is staffed by people who are so low profile that the only dominant personality is the Prime Minister's.
Currently, 100 per cent FDI is permitted in brownfield pharma firms through clearance from the Foreign Investment Promotion Board.
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The Railway Budget is likely to be presented in the second week of July.
Prime Minister Narendra Modi has made it clear that the agreement on food security and trade facilitation will have to go hand-in-hand.
The country's exports for the first time crossed the $400 billion mark in a fiscal on healthy performance by sectors such as petroleum products, engineering, gems and jewellery, and chemicals, according to the commerce ministry's data released on Wednesday. The merchandise exports rose by by 37 per cent to $400.8 billion in 2021-22 until March 21 against $292 billion in 2020-21. Previously, the outbound shipments had touched a record of $330.07 billion in 2018-19.
Every twist and turn in KMC's civil service career is attributed to serendipity, an aptitude for making desirable discoveries by accident. He plays down his capabilities, which took him to the top of the civil service as the Cabinet Secretary or his misfortune in losing a daughter in her prime and suggests that his career was indeed serendipitous, observes Ambassador T P Sreenivasan.
Exporters on Thursday demanded fiscal incentives, tweaking in customs duties on certain products and credit at affordable rates in the forthcoming Budget to boost exports and create jobs. In a pre-budget virtual meeting with Finance Minister Nirmala Sitharaman, the Federation of Indian Export Organisations (FIEO) said the depreciation of the rupee against the US dollar is affecting exports' competitiveness and the sector requires more support. "Creation of employment is the biggest challenge faced by the country...We would urge the government to provide fiscal support to units which provide additional employment in the export sector," the exporter's body said.
Sitharaman has completed just 19 days as defence minister and is also pre-occupied with the Gujarat assembly election, notes Ajai Shukla.
The new jobs - created both directly and indirectly - will be across industries, including IT, skill development, content creation, retail, logistics, and manufacturing.
Scott Price is learnt to have conveyed to Sharma that Walmart remained committed to the India market.
After the Trinamool's overwhelming majority in the West Bengal assembly elections last year, the SSC scam has given fresh ammunition to the Bharatiya Janata Party and the Communist Party of India-Marxist. Ishita Ayan Dutt reports.
Amid demands for expulsion of arrested West Bengal minister Partha Chatterjee by Trinamool Congress leaders, the party convened a meeting on Thursday evening.
Traders' body CAIT on Wednesday accused e-commerce major Amazon of indulging in serious contraventions of FDI policy and Foreign Exchange Management Act. The body also blamed the online firm for not seeking the government's approval for conducting multi-brand retail activities in India.
A letter reversing the decision was sent by Rajasthan Chief Minister Vasundhara Raje to Commerce and Industry Minister Anand Sharma.
The Modi government has to embrace the history of Tamil conquests in South East Asia and stop obsessing about Babar/Humayun, argues Colonel Anil A Athale (retd).
Banks have raised concerns over the new international trade settlement in rupee, fearing that facilitation of such a mechanism could result in them facing the ire of economic sanctions by the West, people aware of the matter said. Large banks with overseas operations have sought clarity and assurance from the Reserve Bank of India (RBI) that they will not be targeted with sanctions for facilitating rupee trade with a sanction-hit country such as Russia. The present payment mechanism is a shift from earlier such arrangements, like the one with sanction-hit Iran, which involved banks facilitating settlement of international trade that did not have business in the sanctioned nation.
The government may soon give the green light to bilateral trade between Russia and India in their national currencies to avoid any trade disruptions, multiple people aware of the matter said. While the Department of Commerce has recommended the proposal, an announcement is likely to be made by the finance ministry after further deliberations between the Department of Economic Affairs and Department of Financial Services. "The finance ministry will take a call on how to peg the two currencies," a senior government official told Business Standard. In the past, the two nations have had rupee-rouble trade, and when such an arrangement is implemented again, it will bypass the sanctions imposed on Russia by the West.
National Conference general secretary and former minister Ali Mohammed Sagar, who wields a support base in downtown city, was served with a PSA notice public order by the authorities.
At present, there is no direct air connectivity between India and Myanmar.
CCI investigation into predatory pricing likely
President Xi said that the Chinese side is ready to work with the Indian side to carry forward the fresh impetus of bilateral relations.
'India has an advantage because we produce more cotton and we have more workforce.'
Pakistan on Friday said it would welcome a visit by Prime Minister Manmohan Singh, who has expressed hope of making a trip to the neighbouring country in the next four months, even as it sought the resumption of the composite dialogue.
Chevening Scholarships offer full financial support for one year to candidates applying for a master's degree at any UK university.
Wang arrived in Delhi on Thursday evening in the highest-level visit between the two countries after the ties came under severe strain following the military standoff in eastern Ladakh that began nearly two years ago.
Chinese President Xi Jinping arrived in Ahmedabad on Wednesday to a grand welcome. He is India on a three-day visit which will focus on significantly ramping up trade and investment, besides addressing the contentious border issue that has seen occasional flare ups between the two Asian giants.
The FM said an announcement with regard to the additional steps will be made after consulting Prime Minister Narendra Modi.
Addressing a press conference, Trump described Modi as a "terrific" leader and India as a "tremendous country".
'Mere fundamentals will not do the trick,' cautions former commerce secretary Rahul Khullar.
CAIT has attributed its displeasure to the economic downturn, and indifferent attitude of ministers/officials towards domestic trade.
Sharad Pawar reckons that the NCP has value as a united, going concern, not as a gaggle of leaders in search of followers, notes Shreekant Sambrani.
The IMF and World Bank have stopped loans, and the FATF warned its 39 member nations to block Taliban assets.
'She must first change the Rules of Business 1961 that makes the defence secretary and not the defence minister responsible for the defence of the country!' says Colonel Anil A Athale (retd.)
Jaishankar, who along with the Commerce Secretary Rita Teotia, held a series of meetings with top officials of the Trump's administration and Congressional leaders, said the tragic incident in Kansas featured in many of their discussions.
'The finance ministry and the RBI will never admit to the difficulties in the economy because if they do so, it will adversely impact the financial markets, etc.' 'They like to present a rosy picture that everything is fine and under control.'
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