India is keen to improve share of services in global trade.
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.
In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
Apart from cotton, copper, petroleum and industrial machinery, India does not export much to China. This means that India buys six times the merchandise it sells to China, points out Abhishek Waghmare.
Norms for e-commerce likely, arm's-length pricing set for change.
Tech Mahindra was the top laggard in the Sensex pack, cracking over 5 per cent, followed by Infosys, HDFC, IndusInd Bank, Reliance Industries and NTPC. On the other hand, Hero MotoCorp, L&T, Maruti, UltraTech Cement and Sun Pharma led the gainers' chart.
Later, Sitharaman's office clarified that the FM had already met the industrialists, experts, and economists during the pre-budget consultations.
In a bid to curb harassment of taxpayers, Sitharaman said, a faceless e-assessment scheme was launched in October to eliminate interface between an assessing officer and a taxpayer.
Existing norms mandate 2/3rd of members of an airline's board must comprise Indian nationals
India imported $62 billion of Chinese goods last year.
'Walmart will source globally and more from China and will dump these cheap goods in India, making our country a dumping yard.'
Falling sugar production in the European countries would provide an excellent opportunity for Indian sugar exports to the European Union market, says a top government official.
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.
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.
Several start-ups have raised concerns over taxation of angel funds under Section 56 of the Income Tax Act, which provides for taxation of funds received by an entity.
Prime Minister Narendra Modi has met his Australian counterpart Scott Morrison in Washington, DC, ahead of the first in-person Quad meeting to be hosted by US President Joe Biden and discussed a broad range of issues of bilateral, regional and global importance, including the Indo-Pacific.
Low oil prices also means effectively transfer of wealth from the producing nations to the consuming nations
Union commerce ministry will make efforts to remove hurdles at the Indo-Pakistan border in the way of tea trade, a top government official said in Coonoor on Saturday.
The affected nurse is being treated and is recovering well, junior foreign minister V Muraleedharan said. Meanwhile, China has locked down five cities, including Wuhan, suspending all public transport in an unprecedented move to contain the coronavirus that has infected over 630 people and left 17 others dead.
Our economic growth was never broad based. We have not been able to harness technology for the overall development of industry.
Our economic growth was never broad based. We have not been able to harness technology for the overall development of industry.
Our economic growth was never broad based. We have not been able to harness technology for the overall development of industry.
Growth in manufacturing sector is very important for any economy.
As India looks to mend its Covid-battered economy, one thing that will grab the attention of all concerned is the path that both wholesale and retail inflation will follow. Even the Reserve Bank of India in its latest policy statement said, "Going forward, the inflation trajectory is likely to be shaped by uncertainties impinging on the upside and the downside.
On Tuesday, Karachi Chamber of Commerce cancelled an event of Indian High Commissioner to Pakistan Gautam Bambawale at the last minute, apparently over his remarks on Pakistan's interference in Kashmir.
The trade deal, officials say, can lead to an effective trading bloc against the China-led Regional Comprehensive Economic Partnership.
You may no longer have to rely on international size charts.
The commitment by Japan to invest $35 billion or 3.5 trillion YEN is for infrastructure sector over five years.
The Forum is organised by Singapore Indian Chambers of Commerce and Industry, with the partnership of state-trade agency IE Singapore, the Confederation of Indian Industry and the Singapore Chinese Chamber of Commerce and Industry.
Department of Economic Affairs secretary Atanu Chakraborty said that equity capital flows have been positive this year.
There are indications or signs of the economy picking up -- collection of GST and consumption of electricity, said former RBI governor, C Rangarajan.
After defence, the Commerce and Industry ministry has started the exercise to relax foreign investment norms in the railways sector by permitting 100 per cent FDI in high-speed train systems and dedicated freight lines.
As per the procedure of World Trade Organisation, consultation is the first stage of a complaint filed with the global trade body.
'It is entering growth territory on a month-on-month basis.'
Forex dealers said besides strong demand for the American currency from importers, capital outflows mainly weighed on the domestic currency.
The note recommends allowing FDI in domestic firms through the issue of partly-paid up shares and convertible warrants, but with certain riders.
2015 is set for a lot of changes - and some that we would like to happen
Britain has finalised 1 billion pounds worth of new trade and investment with India, creating over 6,500 jobs in the UK, to be signed off at a virtual summit between Prime Minister Boris Johnson and his Indian counterpart Narendra Modi on Tuesday. The investments confirmed by Downing Street on Monday evening form part of an Enhanced Trade Partnership (ETP), which will set the ambition to double the value of UK-India trade by 2030 and declare a shared intent to begin work towards a comprehensive Free Trade Agreement (FTA). "Like every aspect of the UK-India relationship, the economic links between our countries make our people stronger and safer," Johnson said.
India Inc has couter attacked claims by US presidential candidates about the drain of jobs from US to India.
