News for 'Ministry of Commerce and Industry'

India Inc hails Jaitley's reform measures

India Inc hails Jaitley's reform measures

Rediff.com24 Aug 2019

Bharti Airtel Chairman Sunil Bharti Mittal said India has lost one of the finest political leaders and a legal luminary.

Modi's ministry bears indelible impress of a single person

Modi's ministry bears indelible impress of a single person

Rediff.com30 May 2014

Narendra Modi's victory does not represent a victory of 'the Indian nation', but only an elite-driven polarising phenomenon. The sooner we -- and the BJP -- recognise this, the better, says Praful Bidwai.

Ficci seeks more sops to bolster economy

Ficci seeks more sops to bolster economy

Rediff.com8 Dec 2009

In a pre-budget meeting with revenue secretary P V Bhide, a Ficci delegation asked the finance ministry to tread with caution on rolling back the stimulus measures taken to spur growth.

SEZ: Goa govt unhappy over BoA stand

SEZ: Goa govt unhappy over BoA stand

Rediff.com4 Jun 2009

The Board of approval had given more time for Raheja's to develop their project in the state. The project is one amongst the three SEZs recommended to be denotified by the state government. Goa's Rajya Sabha member Shantaram Naik said he would meet new Union Commerce ministry Anand Sharma and brief him on the issue.

SC refuses to stay land acquisition for Ambani SEZ

SC refuses to stay land acquisition for Ambani SEZ

Rediff.com2 Jun 2009

The Mumbai SEZ had sought the stay on the grounds that if the acquisition is not completed by June 8, the entire process will lapse under the Land Acquisition Act, 1894.

Govt to simplify SEZ approval

Govt to simplify SEZ approval

Rediff.com21 May 2009

Developers will now be able to get their land classified as an SEZ at the initial stage of approval by submitting legal documents that prove land ownership. With exports falling sharply in the last six months, faster development of SEZs is seen as one way of increasing overseas sales of Indian goods and services, an official said.

Govt may not restore steel sop

Govt may not restore steel sop

Rediff.com22 Mar 2004

Govt may relax FDI in retail

Govt may relax FDI in retail

Rediff.com26 Apr 2010

51% investment in multi-brand retail likely.

SEZ exports to touch Rs 2 lakh crore

SEZ exports to touch Rs 2 lakh crore

Rediff.com9 Apr 2010

Exports from special economic zones (SEZs) are likely to touch Rs 2 lakh crore in 2009-10, a 100 per cent jump from the year-ago period, with Reliance Industries' Jamnagar special economic zone expected to contribute the most to the kitty.

Core sector growth slows to 3.4% in Jan

Core sector growth slows to 3.4% in Jan

Rediff.com28 Feb 2017

The growth rate of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity was 5.7 per cent in January 2016.

Ratan Watal is new finance secretary

Ratan Watal is new finance secretary

Rediff.com31 Aug 2015

Watal a 1978-batch Andhra Pradesh cadre IAS officer.

Sonakshi, Taapsee lash out at Akshay, Devgn

Sonakshi, Taapsee lash out at Akshay, Devgn

Rediff.com4 Feb 2021

'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.'

Pitroda suggests setting up education parks

Pitroda suggests setting up education parks

Rediff.com13 Feb 2009

Centre could experiment in setting up education parks in the country like in IT sector and workout to provide special incentives to those setting up the parks, National Knowledge Commission chairman Sam G Pitroda said. He said government could experiment in establishing education parks so that it can work out strategies to enhance quality of education.

Textile body seeks stimulus package, tax exemption

Textile body seeks stimulus package, tax exemption

Rediff.com28 Jan 2009

The Centre, in a stimulus package on December 7, provided an interest subvention of two per cent up to March 2009 for pre and post-shipment export credit for labour-intensive exports (textiles, leather, marine products) and SME sector.

India bans Chinese toy imports

India bans Chinese toy imports

Rediff.com24 Jan 2009

The Directorate General of Foreign trade on Friday issued an order banning toy imports from China, which is India's biggest trade partner, for six months. The notification, however, gave no reason for the ban.

No exit load in pension funds

No exit load in pension funds

Rediff.com4 Sep 2003

PM, Kamal Nath discuss Satyam issue

PM, Kamal Nath discuss Satyam issue

Rediff.com13 Jan 2009

Prime Minister Manmohan Singh on Tuesday held discussions with Commerce and Industry Minister Kamal Nath and is believed to have reviewed the Satyam issue, a day after the minister came out in support of extending financial help to the beleaguered IT firm.

Mobile phone makers want relaxation under PLI scheme

Mobile phone makers want relaxation under PLI scheme

Rediff.com5 Apr 2021

In a communication to the empowered committee on PLI recently, the Indian Cellular & Electronics Association (ICEA) has stated that except one player (Samsung), all the other eight players (which include vendors of Apple Inc) selected under the scheme were facing numerous challenges in fulfilling the qualification criteria.

Cabinet approves 100% FDI in telecom

Cabinet approves 100% FDI in telecom

Rediff.com1 Aug 2013

In a major reform push, government on Thursday approved 100 per cent foreign direct investment (FDI) in the telecom sector, meeting a key demand of the fund-starved industry.

FII formula for banks soon

FII formula for banks soon

Rediff.com28 Nov 2003

India to spend Rs 25 lakh crore to overhaul infrastructure: Gadkari

India to spend Rs 25 lakh crore to overhaul infrastructure: Gadkari

Rediff.com29 Apr 2016

By May this year, awards in highways projects will swell to Rs 2 lakh crore from Rs 1.6 lakh crore now

Govt okays 26% FDI in pension sector

Govt okays 26% FDI in pension sector

Rediff.com15 Oct 2003

The finance ministry on Wednesday ruled out more than 26 per cent foreign direct investment in pension sector and said fund managers would be selected through a competitive bidding process.

FDI in automobile sector drops 85% in April-May this year

FDI in automobile sector drops 85% in April-May this year

Rediff.com18 Aug 2014

The other sectors where inflows have declined include pharmaceuticals ( $680 million).

The shrinking trade deficit

The shrinking trade deficit

Rediff.com4 May 2009

In dollar terms, exports declined by 33.3 per cent over March 2008, the largest monthly decline yet. For the year as a whole, exports came in at $168.7 billion, significantly short of the original target of $200 billion and also below the revised range of $170-175 billion.

SEZs may get 20-yr tax break

SEZs may get 20-yr tax break

Rediff.com28 Oct 2004

The daunting tasks facing Suresh Prabhu

The daunting tasks facing Suresh Prabhu

Rediff.com15 Sep 2017

Mr Prabhu has a big challenge ahead in implementing trade reforms to regain the lost export momentum, says Jayanta Roy.

DLF to surrender 4 IT SEZs

DLF to surrender 4 IT SEZs

Rediff.com17 Apr 2009

The country's largest real estate player, DLF, on Friday said it has approached the government for surrendering four of its IT-ITeS notified special economic zones (SEZ).

Starbucks delays India entry, withdraws FIPB apply

Starbucks delays India entry, withdraws FIPB apply

Rediff.com20 Jul 2007

US-based coffee retail chain Starbucks on Friday said it was withdrawing its application to operate single-brand retail stores in India, thus delaying its entry into the country.

Exports continue to plunge, but...

Exports continue to plunge, but...

Rediff.com5 Oct 2009

From a balance of payments perspective, however, the continuing decline in exports is not particularly threatening, because imports have been declining even faster than exports.

Rs 400 crore FDI plans pile up

Rs 400 crore FDI plans pile up

Rediff.com18 Feb 2003

'Democracy loving, capitalist respecting' India best for investors: FM

'Democracy loving, capitalist respecting' India best for investors: FM

Rediff.com17 Oct 2019

"So you will not have anything better... democracy loving, capitalist respecting environment... in India," Sitharaman said at the event hosted by the Federation of Indian Chambers of Commerce and Industry in association with the US India Strategic and Partnership Forum.

Foreign tie-ups: Govt may free royalty, tech fee

Foreign tie-ups: Govt may free royalty, tech fee

Rediff.com13 Jul 2009

DIPP seeks automatic approval, has Plan panel and DEA's support.

Deregulation to make India a trillion-dollar geospatial economy

Deregulation to make India a trillion-dollar geospatial economy

Rediff.com8 Mar 2021

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.

Core sector growth jumps to 4-month high of 6.3% in Oct

Core sector growth jumps to 4-month high of 6.3% in Oct

Rediff.com1 Dec 2014

The Reserve Bank of India is expected to hold interest rate at 8 per cent in its fifth bi-monthly monetary policy review on Tuesday.

As China shutdown intensifies, govt plans to rework supply chain

As China shutdown intensifies, govt plans to rework supply chain

Rediff.com24 Feb 2020

To address the supply crunch, CII has suggested leveraging the existing excess capacity in the Indian industry; rolling back import duty hike to look for alternative sources of imports; expanding credit to manufacturing units with quick loan sanctions, and one-time emergency waiver of non-performing asset regulations for three months.

Trade gap? Minister still upbeat

Trade gap? Minister still upbeat

Rediff.com10 Sep 2013

Exports picked up to post a growth of nearly 13 per cent.

India's software exports down 96%

India's software exports down 96%

Rediff.com22 May 2009

India's software exports suffered a severe setback in March declining by 96.6 per cent to $1 million from the year-ago period due to recession in world's major economies like the US and the Europe.