Kamal Nath has written a letter to Prime Minister Manmohan Singh seeking his intervention to resolve over 50 issues which, because of the finance minister's hurdles, have posed many a problem. Nath has stressed that if these issues were resolved in time, "we can achieve growth targets set for industrial production and exports in the remaining months."
A number of high-profile electoral battles, starring veterans and debutants, formidable opponents and unlikely contestants, feature in Tuesday's outcome.
The government said on Tuesday the Reserve Bank of India would consider the US demand for relaxing the branch opening norms for foreign banks in India as per the roadmap prepared by the country's central bank.
For achieving $30 billion, the country would need over $11 billion FDI in the last five months of the fiscal in the midst of a global credit freeze. Riding on the back of impressive inflows of $25 billion in 2007-08, the government had aimed at $35 billion FDI for the current fiscal.
Commerce Minister Kamal Nath on Monday ruled out any differences with the finance ministry on certain provisions of the Foreign Trade Policy and said the Policy will be announced before April 10.
"My offer to the US is that they should reduce their subsidy by just one dollar and we have a deal," Commerce and Industry Minister Kamal Nath said on Monday at a conference on globalisation, organised by FICCI and University of Oxford.
Exports have to be the growth story of any country in the world and it is the same for India
India has assured the world that Satyam Computer, embroiled in fraud by founder Ramalinga Raju, will continue to provide its clients world class services.
Rejecting the suggestion that India is taking a difficult stand in the World Trade Organisation talks, Commerce Minister Kamal Nath has said New Delhi only wants a multilateral trading system that corrects the existing structural flaws.
'...the Congress tally in 2028 would further plummet under 50.' 'A fresh face as CM would further strengthen the BJP and weaken the Congress in Madhya Pradesh.'
Foreign direct investment into India is expected to touch $15 billion by the end of the present fiscal, with more overseas firms eyeing good returns from the sub-continent.
The empowered group of ministers, headed by External Affairs Minister Pranab Mukherjee, had imposed a 5000 hectare ceiling on SEZs last year following widespread protests over land acquisition. The meeting of the eGoM, scheduled for February 4 to review the land ceiling was cancelled.
'Elections in Madhya Pradesh have so far largely avoided freebies.' 'But this time both the Congress and BJP are making such announcements.'
India on Tuesday said it was making a last ditch effort to revive the collapsed WTO talks but made it clear that it would not allow industrialised nations to trample developing countries' interest, especially in the sensitive farm sector.
The government will soon take a view on FDI in retail sector, Commerce Minister Kamal Nath said on Wednesday while emphasising that focus should be on sectors like food processing where it can fuel growth and bring technology.
"Negotiations on the FTA will be commencing shortly. We believe that we will be able to conclude the EFTA trade agreement within one year," Commerce and Industry Minister Kamal Nath told reporters in New Delhi after meeting Swiss Federal Counsellor Doris Leuthard. EFTA states include Iceland, Liechtenstein, Norway and Switzerland. It is an inter-governmental organisation to promote free trade and economic integration between the four nations.
A war of words has erupted in poll-bound Madhya Pradesh after the Congress objected to the ruling Bharatiya Janata Party putting up hoardings taking credit for the construction of the Ram temple in Ayodhya.
Five major steel producers including SAIL, Tata Steel and Essar have decided to hold the price line for up to three months after an appeal by Prime Minister Manmohan Singh not to manipulate prices for short-term gains. India has said it will take measures to bring down steel prices, but would first wait to see if producers do it on their own. High steel prices are partly to blame for soaring inflation, which rose to 7.33 per cent for the week ended April 12.
The move of the Arvind Kejriwal-led party has further reduced the possibility of the INDIA bloc alliance working in the MP elections.
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.
'...for success like the BJP.' 'The BJP's work for the next election begins the day one election ends.'
The event witnessed the who's who of Maharashtra politics -- including three former chief ministers of Maharashtra.
India's Commerce and Industry Minister Kamal Nath has been honoured as global 'FDI Personality of the Year 2007' by a Financial Times Group publication.
"The decision is likely to lead to a number of jobs being lost in the jewellery sector in India, specially among vulnerable groups of society," Commerce and Industry Minister Kamal Nath said in a statement.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Friday said his party would pull off a spectacular victory in the state assembly elections, but evaded a direct reply to a question whether he would be the chief minister for the fifth time, as he just said 'Bharatiya Janata Party Zindabad'.
The Indian economy has emerged almost unscathed from the global economic crisis that has ravaged many nations, said Union Minister of Surface Transport Kamal Nath on Tuesday.
After disclosing late last year its decision banning Satyam Computer Services, the World Bank said earlier this month that Wipro and another Indian IT firm Megasoft have also been debarred from directly doing business with it under its corporate procurement programme. The Bank had disclosed the ban on Satyam on December 25, while debarment of Wipro and Megasoft was revealed on January 11.
The Department of Industrial Policy and Promotion has been working on the draft for the last several months. The areas coming up for review may include sports goods and airport ground handling services, besides gas and petroleum.
On the occasion, Gandhi said their campaign was against hatred, violence and fear being spread in society.
"The Empowered GoM will discuss what to do with the proposals where land acquisition is not an issue and where it is an issue," Commerce and Industry Minister Kamal Nath said.
The former chief minister was speaking at 'Vidhik Vimarsh 2023', a gathering of lawyers organised by the state Congress's Legal and Human Rights Cell in Bhopal.
Toll collection is a key instrument for the government to attract private investment.
MP Congress Committee's media department chairperson KK Mishra in a statement claimed it was a doctored video.
Eight Union ministers, two former chief ministers and one ex-governor are among those who are set to test their electoral fate in the first phase of elections on April 19 when 102 seats across 21 states and Union territories will go to polls.
Mishra lost from Datia seat by a margin of 7,742 votes to Congress candidate Rajendra Bharti.
Justice Bhushan Ramkrishna Gavai was on Wednesday sworn in as the 52nd Chief Justice of India.
"If the basis of the round (Doha negotiations) has to see a change in its very objectives, it would be tough going for global trade integration," said Commerce and Industry Minister Kamal Nath. "Revival of the weakest" and "not survival of the fittest" should form the core of the negotiations, he added. Otherwise, a renewed attempt being made by WTO Director General Pascal Lamy to bring the talks back on rail could meet the fate of the recently abandoned talks in Geneva.
Scindia was incidentally in the Congress for a long time and was considered a close associate of Gandhi.
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