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.
Kumar's comment comes days after a section of JD-U leaders in Uttar Pradesh announced that they would join the Congress' 'Bharat Jodo Yatra' in the state.
Scindia's exit from the Congress in March this year with over 20 MLAs, led to the collapse of Kamal Nath government in Madhya Pradesh and enabled the BJP's return to power.
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.
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.
"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.
"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.
Two tribal men died after they were allegedly assaulted by a group of 15-20 people over suspicion of cow slaughter in Madhya Pradesh's Seoni district, police said on Tuesday.
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.
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.
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.
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.
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.
If approved, many proposals will have a significant impact on the SEZ policy, which came into force in February 2006. A crucial finance ministry proposal -- to be discussed by the group -- is imposing an export obligation in excess of 50 per cent on developers and units that will be eligible for duty and tax benefits.
The Shiv Sena is leading a coalition government in Maharashtra with the Nationlaist Congress Party and the Congress.
Virgin Atlantic Chief Richard Branson is lobbying to enter the Indian domestic aviation sector.
Sugar prices reached a four-month high on Tuesday after India, the world's largest consumer, lifted duties on the import of raw sugar to bridge a shortfall in domestic production.
The Left, which provides crucial outside support to the ruling Congress-led UPA, has threatened the government with mid-term polls if the talks with IAEA for the implementation of the Indo-US deal continue beyond December.
The actress has been noted for her contribution to cinema.
Government is planning to allow foreign direct investment in the construction sector, Commerce and Industry Minister Kamal Nath said on Tuesday.
The government said in Friday it was negotiating aggressively at the World Trade Organisation to facilitate easy movement of professionals across borders to deliver services.
To cut transaction costs for traders, the government has launched an online facility for issuing Importer-Exporter Code Number.
The government on Wednesday expressed the hope that industrial growth will bounce back with the revival of manufacturing sector in the coming months. Growth in India's industrial production nosedived to 6.4 per cent in September this year compared to 12 per cent in the year ago period due to a poor showing by the manufacturing sector, especially the consumer durables segment.
