The government plans a comprehensive law to streamline assessment of security threats arising from business transactions and enable its agencies to decide on the cases of foreign direct investment in sensitive areas.\n\n
He also said he does not want any other member of the Gandhi family to succeed him, virtually ruling out Priyanka as well for the top party position.
Indian suppliers to GAP, a European and US apparel retail chain, have informed the Centre that they are not using child labour and their plants have been subjected to vigorous inspections by the overseas buyers. "The biggest suppliers have informed us that GAP officials have seen their plants and applauded their manufacturing practices," Commerce and Industry Minister Kamal Nath said at the Fortune Global Forum in New Delhi on Tuesday.
India has already sent its team of officials to negotiate on agricultural subsidies, which would be followed by talks on industrial tariffs or Non-Agricultural Market Access.
Government employees' pay packets will get fatter, with the Cabinet on Thursday approving three per cent hike in dearness allowance.
The Congress on Monday distanced itself from former Finance Minister P Chidambaram's statement that the banning of Salman Rushdie's controversial novel 'The Satanic Verses' by the Rajiv Gandhi government was wrong.
The party was trounced in Rajasthan, Madhya Pradesh and Chhattisgarh and is now left with only Himachal Pradesh in the north. It is ruling in only three states on its own and is in power in Bihar and Jharkhand as a junior partner in alliance with regional parties.
Justifying its stand on scrapping of Special Economic Zones projects in Goa, the state government has said the Centre has the power to denotify those which are not operational within the stipulated timeframe.
Anand Sharma who is at the WTO meet at Bali has been making all the right noises in opposing the peace clause. However at 9 PM on Friday, he will have to make a crucial decision.
The fDi Personality of the Year awards recognise the political and business leaders around the world who have been the most proactive, dynamic and innovative in securing foreign investment and improving the business environments of their jurisdictions.
The video purportedly shows the accused asking the victim whether his name is Mohammed, besides demanding his Aadhaar card before repeatedly slapping him.
A recent study by Nasscom suggests that only a fourth of the 400,000 students graduating every year in the country are employable.
Asserting that India had removed many barriers in trade and investment
The eighth Auto Expo kicks off on Thursday promising new launches and big announcements by domestic and global automobile giants, even as the booming industry sought flexibility in labour laws to maintain the growth momentum.
The recent Foreign Trade Policy announcement to waive service tax for exporters had the backing of the Prime Minister, Commerce Ministry sources said on Tuesday.
"Land acquisition is the biggest issue. Now contracts will be awarded if 80 per cent of the land is acquired and is in possession of National Highway Authority of India," minister for road transport and highways Kamal Nath said during the Question Hour in the Lok Sabha. On members' complaints regarding 'very high' toll rates in public-private partnership projects, the minister defended the existing rates and said reduced toll would mean less roads.
This year the meeting will take place from Tuesday to Thursday in Lahore. The Cairn Group is composed of World Trade Organisation members pressing for further agricultural reform within the WTO.
The government's announcement to fund fashion initiatives is likely to provide a fillip to this largely unorganised sector.
"We do ask the Australian government to take a practical and realistic view of this. Australia is not the only source of uranium for India but (it should be considered) in larger context of global warming and of the broader relationship between India and Australia," Commerce and Industry Minister Kamal Nath was quoted as saying by the media in Melbourne.
During his two-day visit, Gutierrez will meet his counterpart Commerce and Industry Minister Kamal Nath, senior Indian officials and business leaders.
The commerce ministry went into a huddle following UPA chairperson Sonia Gandhi's letter to Prime Minister Singh advising caution on allowing FDI in retail.
The annual supplement to the Foreign Trade Policy, which will be released on Friday by Commerce Minister Kamal Nath, is likely to announce a host of measures for exporters to help them tackle the appreciation in rupee against the dollar as well as to achieve an export target of $200 billion for 2008-09. Significantly, this is the last year of the Foreign Trade Policy, which was introduced after the UPA government came into power in May 2004.
The extent of the government's concern about inflation was evident at the meeting of the Cabinet Committee on Prices, which started at 8 pm on Monday and went on past 12 midnight. Commerce Minister Kamal Nath challenged Agriculture Minister Sharad Pawar to explain why wheat import this season had been delayed.
The commerce ministry will put up a note to the Cabinet for 100% FDI in speciality retail like electronics, building equipment etc.
Congress president Sonia Gandhi and Prime Minister Manmohan Singh will not be able to attend the annual World Economic Forum meeting to be held at Davos from January 24-28 next year.
A joint economic group comprising commerce ministers of India and China is scheduled to meet in the first week of April to discuss the proposed India-China Free Trade Agreement (FTA), a commerce ministry official said today.
Indo-US investment protection pact is likely to come through by year end according to Commerce and Industry Minister Kamal Nath.
India will allow three major Singapore banks to set-up wholly owned subsidiaries in the country to boost investments as part of the bilateral comprehensive economic cooperation agreement cleared by the cabinet on Monday.
Sources said while the Congress units of Madhya Pradesh and Rajasthan will hold separate discussions on May 26 on their preparations and actions to be taken, the party will also hold strategy meets on Chhattisgarh on May 27.
This was announced by Commerce and Industry Minister Kamal Nath at the conclusion of the 2nd meeting of India-Russia Forum on Trade and Investment, coinciding with the visit of Russian Prime Minister Victor A Zubkov in New Delhi on Wednesday.
Reacting to the revised draft modalities put out by the WTO in Geneva on February 8, Commerce and Industry Minister Kamal Nath said while convergence has been achieved in some areas, brand new text with regard to many unresolved issues has also been brought out.
The government on Friday said the foreign direct investment norms in the retail sector would be liberalised further to ensure that investment flows into post- harvest agriculture activities.
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