Exports rise for 8th month, albeit at lower pace
With pricing power of producers unlikely to strengthen and commodities ex-crude oil likely to remain sluggish in the immediate term, the core-WPI inflation may remain sub-zero in the rest of this calendar year.
Union Commerce Minister Nirmala Sitharaman said she will pursue the matter with the finance ministry
'Let us stand together in displaying our utter and complete lack of spine, in safeguarding our hundreds of crore rupees of income and in supporting this military-style mobilisation against the very masses who have practically treated us as gods and to whom we owe everything we enjoy.'
The Budget emphasises on capacity building and empowerment of marginalised sections of society including farmers.
The prime minister is likely to talk about its possible extension.
The Department of Industrial Policy and Promotion in the commerce ministry has asked state governments and central ministries to re-examine and streamline existing procedures, so as to provide a hassle-free environment for business.
The government is unlikely to extend any more incentives to exporters this financial year, with the export growth rate at an impressive 36.3 per cent in December, even as they complain of a high interest rate eating away competitiveness.
Under MRA, Japan is to recognise Indian medical degrees and treat the country's doctors and other medical personnel on par with its own.
A quick bounce back of the Chinese stocks looks improbable now.
The Union government on Monday indicated it was hopeful of a favourable reply from the US Securities and Exchange Commission to a request for being lenient on scam-hit Satyam Computers, thereby allowing it to remain on the rehabilitation track."We are expecting to get a fair judgment (from the SEC)," ministry of corporate affairs' Secretary, R Bandyopadhyay, said here at an interactive session organised by the Bengal Chamber of Commerce and Industry.
Unlike the race to buy airwaves by telecom companies, airports by infrastructure companies and city gas networks by energy companies, the race to develop super apps by consumer-facing companies in India has not brushed up against any regulatory issues. Officials at the ministry of electronics and information technology and at other regulators are happy they do not have to meddle in who among the Tata group, Reliance Industries Ltd, Flipkart or Paytm will manage to build an app that sweeps in customers. Unlike separate apps a customer uses on her mobile to order groceries, buy food or airline tickets or just make payments, a super app can perform all these functions.
The growth of eight core sectors slowed down to 2.6 per cent in August mainly due to contraction in steel output.
The Centre has asked the Maharashtra government to reduce the size of the Reliance Industries-promoted Mahamumbai SEZ as it involves acquisition of over 10,000 hectares of land.
Gold imports, which peaked at 162 tonnes in May, came down to 19.3 tonnes in November.
The government on Friday said the country's economy was strong enough to sustain the free trade agreements entered into by India.
A business in India wanting access to maps and geospatial data would typically have to wait months before it got what it wanted. All this is set to change with the new guidelines on geospatial data, report Neha Alawadhi and Peerzada Abrar.
Bharti Airtel Chairman Sunil Bharti Mittal said India has lost one of the finest political leaders and a legal luminary.
The eight core industries -- fertilisers, cement, steel, electricity, crude oil, coal, petroleum refinery products and natural gas -- have a combined weight of about 38 per cent in the Index of Industrial Production.
The economy clocked a robust 7.9 per cent growth in the second quarter, catapulted by a stimulus packages-powered strong industrial growth. And, manufacturing grew by 9.2 per cent against 5.1 per cent in the year-ago quarter.
The Ministry of HRD, government of India, Department of Science & Technology, government of India and The Associated Chambers of Commerce and Industry of India present the Fifth Education Fair: International Exhibition and Seminar.
The Ministry of Company Affairs (MCA) has sent notices to all Indian Premier League franchisees, both old and new, asking them to furnish detailed company-related information.
Shell gets govt's nod to import petrol, diesel
The issues around trade gaps, especially around steel and aluminium tariffs imposed by the US, will be addressed separately.
Notwithstanding the widespread protest against the proliferation of special economic zones in the country, the Ministry of Commerce and Industry is organising a seminar on the tax-free conclaves in Singapore on Wednesday in order to rope in global investors.
Lakhs of jobs are at stake.
The government is considering to tweak FDI policy in retail sector so as to allow global chains like Walmart, Carrefour and Tesco to open multi-brand stores in non-hilly cities with population less than one million.
India on Tuesday mooted a marketing policy for the sector though domestic players opposed any move to allow overseas investments in the retail space.
Total outflow and inflow of foreign investment in general for 2014-15 fiscal was $6.42 bn and $75.71 bn, respectively
Export oriented units have approached the finance ministry for abolishing "sunset clause" in the Income Tax Act to get tax exemptions beyond March 2009, so as to attract more investments and maintain their competitiveness globally.
The commerce and industry ministry has fixed a tentative export target of $104 billion for the next fiscal, against a target of $92 billion for the current fiscal.
After rising in September, Foreign Direct Investment (FDI) inflows in the country dipped by about 40 per cent to $1.4 billion in October over the same period last year.
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