The EU also feels that Tamil Nadu has adopted a restrictive practice for imported liquor. Significantly, a similar complaint by the trade bloc at the WTO led to the elimination of additional Customs duty on imported liquor in 2007.
India's exports and imports have together dipped for the first time in seven years, signalling weakening of domestic and external demand in the backdrop of global economic crisis. Government officials said the sale of Indian goods in overseas markets was likely to see a dip in February as well.
PNB has rich experience in the integration of commercial banks.
External Affairs Ministry Spokesperson Raveesh Kumar described the engagement between Modi and Xi on the first day of the Informal summit as 'highly productive'.
Imports rose by 1.44 per cent to $43.44 billion in March 2019.
True Blue, a menswear label that Arvind has created with cricketer Sachin Tendulkar, is being extended into an exclusive traditional apparel brand for men called True Blue Handcrafted.
Initial commerce ministry estimates suggest a 10 per cent contraction in exports in December. Coming after 12 and 9.9 per cent falls in October and November respectively, India is unlikely to meet the export target of $ 200 billion in the current fiscal. The last quarterly dip occurred in 2001, when exports were in the negative territory for six consecutive months ending December that year, data provided by the Reserve Bank of India and the commerce ministry showed.
The Prime Minister directed that a special cell be created immediately in the Cabinet Secretariat.
Bharti Airtel Chairman Sunil Bharti Mittal said India has lost one of the finest political leaders and a legal luminary.
While the high-end bikes will not enjoy any cuts on import duty, the commerce ministry has now mooted capping the number of such bikes to be imported in a year.
Prime Minister Narendra Modi on Saturday hard sold his government's reforms spanning from manufacturing to taxation to labour, saying they have changed the world perception about the country from 'why India' to 'why not India' and went on to quote record foreign investment during the pandemic as a testimony to that. Speaking at industry association Assocham's Foundation Week event, Modi also said agriculture reforms brought by his government six months back have started benefiting farmers. The reforms in the last six years have influenced in changing the sentiment of the industry from 'why India' to 'why not India' in investing.
Even a doomsayer like Nouriel Roubini says India is in a sweet spot. If only we'd live up to the promise, says Shekhar Gupta.
Bharathi Sihag, joint secretary at the ministry of commerce of India, told Abu Dhabi's National newspaper that the date had almost been set: "We will be meeting very soon, next month or October." The FTA between India and Gulf Cooperation Council has been delayed, ever since the first round held in March 2006, due to administrative reasons as the same set of officials are involved in talks with EU and Korea over similar trade pacts.
India's inflation rate shot up to its highest level in more than 16 years this month, increasing the chances of the fourth rise in interest rates in Asia's third-largest economy since June.
A high-powered inter-ministerial committee was expected to finalise the list based on the suggestions and recommendations from different chambers, business houses and trade experts, the Daily Star newspaper reported.
Pranab Mukherjee's stewardship of the economy will stand out as much for the manner in which he managed controversies as for creating quite a few of them, says A K Bhattacharya.
Export-Oriented Units (EOUs) in the country are likely to continue to enjoy income-tax benefits even after the ensuing deadline of March 2009.
A meeting to discuss what goods should be included in the negative list of items for India-European Union Free Trade Agreement, was held here recently.
Exports of petroleum products, chemicals, pharmaceuticals, gems and jewellery, and engineering goods registered a positive growth.
For the first time, PSU banks will have a non-executive chairman, giving operational responsibility to managing director and chief executive officer.
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.
FDI in drugs and pharmaceuticals was $487 million during April-August 2012, according to the latest data of the Department of Industrial Policy and Promotion.
Defending its decision to raise the number of seats under the India-United Arab Emirates (UAE) air services pact, the Civil Aviation Ministry, in a note to the Cabinet Secretariat and key ministries, has said no additional points of call have been allowed to the Gulf country.
Guar Gum Manufacturers' Association president G L Sarda said that the industry will definitely participate with the government in the project. "It is high time we fund research projects to develop new varieties of guar seeds," Sarda said.
It is a 'Make in India' lounge here at Davos for this year's WEF annual summit, in place of the famous 'India Adda' that has been frequented by Indian and other leaders to savour desi delicacies and do some networking.
She says her priority areas would be military preparedness, defence indigenisation, and the welfare of soldiers.
India's involvement in the port development was not strictly under the international sanctions that had been imposed on Iran.
These imports grew 89 per cent to $8.39 billion in May.
Fifty-nine per cent of reserved tickets on Indian Railways are now booked online.
Scenario is precarious for urad with almost half the crop damaged in major growing states, tur quota of 400,000 tonnes already exhausted.
India has trade deficit with as many as 81 countries including China, Qatar, Korea, Japan and Indonesia in 2012-13, Parliament was informed on Wednesday.
The Doha negotiations has been virtually stalled since July 2008.
Fintech giant Paytm claimed it is selling more FASTags than all the banks put together on a daily basis.
The proposed Foreign Trade Agreement between India and Asean got a boost today as trade ministers of Asean countries agreed to India's proposal for reducing the negative list to 490 items
Ashok Gehlot can never be a challenger to the first son of the Congress party. The Scindias and Pilots will be Rahul's rivals should the party's fortunes revive, says Dr Sudhir Bisht.
The survey, conducted by the commerce ministry, covered eight export-driven sectors.
Sitharaman said that Indian startups have made and are making big contribution to the defence industry both in India and abroad.
