The two bodies have been fighting a running battle over the targets for construction of highways.
Accusing the Union government of using the central agencies to target leaders like former finance minister P Chidambaram and others, Kamal Nath expressed hope that the court will take a right decision in the case.
Political instability in Madhya Pradesh, which saw three chief ministers in last two years, has discouraged investors
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'.
Already two stimulus packages have been rolled out by the Centre to neutralise the impact of the global financial meltdown on the country and the Reserve Bank of India, through a series of monetary steps, released about Rs 3,20,000 crore (Rs 3,200 billion) in the system. Nath said that India is likely to receive foreign direct investment of about $30 billion during 2008-09. The government had set a FDI target of $35 billion for the fiscal.
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.
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."
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.
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.
The 2003 BSF operation that eliminated terrorist Gazi Baba in Jammu and Kashmir, the subject of an upcoming action film, "Ground Zero," crippled the Jaish-e-Mohammed. The mission, which earned the BSF a dozen gallantry awards, is being portrayed in the film releasing on April 25. The operation, described in the BSF's 50th anniversary book, involved a daring raid on a house in Srinagar where Gazi Baba was hiding. The BSF faced heavy gunfire and grenades, with officers sustaining injuries and one constable, Balbir Singh, being killed while protecting his superior officer, Narendra Nath Dhar Dubey. Dubey, who led the operation, received the Kirti Chakra, India's third highest peacetime gallantry award.
"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.
Mishra lost from Datia seat by a margin of 7,742 votes to Congress candidate Rajendra Bharti.
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.
On the occasion, Gandhi said their campaign was against hatred, violence and fear being spread in society.
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.
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.
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 event witnessed the who's who of Maharashtra politics -- including three former chief ministers of Maharashtra.
MP Congress Committee's media department chairperson KK Mishra in a statement claimed it was a doctored video.
The Bharatiya Janata Party's Anuppur district unit chief in Madhya Pradesh, who had vowed in 2017 not to wear footwear till the party forms a government in the state, started wearing it again on Saturday, days after the saffron party registered a resounding victory in the assembly polls.
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.
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.
The voting for Madhya Pradesh's all 230 assembly seats was held on Friday, November 17, while Chhattisgarh voted in the second phase of the election.
Scindia was incidentally in the Congress for a long time and was considered a close associate of Gandhi.
'There is some deep rot that has set in the Congress party. This requires an organisational surgery.'
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.
"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.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances