"I have always felt that the true value of SEZs must be judged by the extent to which they help promote labour-intensive manufacturing," Minister of State for Commerce Jairam Ramesh said on Wednesday.
The government is also trying to curb child abuse and pornography and such platforms act as catalysts in these cases.
This decision will come as a relief to Essar's multi-product port-based SEZ project in Hazira as well as of Adani Group's zone in Mundra, which the revenue department felt was not built on vacant land when it was notified, and hence it had violated the law. Both the zones are in Gujarat.
The Commerce and Industry Ministry has circulated a draft Cabinet note for inter-ministerial consultations.
Ringing Bells has said the manufacturing cost of the phone is about Rs 2,500.
India Inc had cheered Donald Trump's decision to scrap TPP, but now there is a growing sense that it won't really lead to positive growth in trade with the US. Subhayan Chakraborty reports.
The world recognizes that it would be impossible to do business without India, says Commerce Minister Kamal Nath.
US recession is likely to help Indian economy as it wil attract more global investments, said Commerce and Industry Minister Kamal Nath.
Finance Minister Arun Jaitley is expected to present the Budget for 2014-15 in July.
Rajya Sabha was adjourned twice during Question Hour on Monday as the Congress created uproar saying there were inconsistencies in government statements on the World Trade Organisation though Finance Minister Arun Jaitley asserted there was no contradiction.
Among the major ones are fewer restrictions on market access for US medical device manufacturers, as well as access for other key products.
E-retailer Flipkart has signed a memorandum of understanding with the labour ministry for short-term training of its new employees.
Clearing speculations on its entry into India, the world's biggest coffee chain Starbucks Coffee International said on Wednesday it will open its first store in India by the end of this year.
Modi said the government is committed to enhancing the income level of the handloom weavers apart from putting in place a robust social cover for the weavers' families.
Contributions made to public funded universities, IITs, national laboratories and autonomous bodies engaged in conducting research in science, technology, engineering and medicine has now been recognised as part of CSR by the government.
In a first, Prime Minister Narendra Modi on Wednesday met the secretaries of all the government departments collectively and asked them to directly get in touch with him to resolve issues and expedite decision-making.
Exports from India to Pakistan increased by 95.63 per cent to $1.3 billion in 2006-07 against $690 million in the previous fiscal. Imports from Pakistan in the same year were worth $320 million, an 80 per cent increase over the year-ago figure of $180 million. Within the SAARC block, India has been the biggest trading partner of Pakistan in the last six years. According to analysts, India's share in Pakistan's total trade over the last six years stands at almost 50%
Tightening its grip over illegal import of Chinese crackers which are reportedly flooding the Indian market, the Centre has issued a public notification warning importers and public of the legal consequences they would face if involved with it.
The commerce ministry has allowed the technical expert group headed by former Council of Scientific and Industrial Research Chief R A Mashelkar to correct the "technical inacuracies" in the patent law report and re-submit it within three months.
Of the 11,000 kg imported between July 1 and August 9, around 90 per cent was brought in by two business groups which took advantage of the favourable reduction in tax incidence under GST, routing their imports through Korea.
This is the third consecutive month when GST mop-up remained below the Rs 1 lakh crore mark, despite the festival season.
The decision has come in the wake of allegations of plagiarism against the Mashelkar panel report.
Cheap equipment imports, especially from China, is a major reason for falling tariffs in solar tenders
Apple sought exemption from mandatory local sourcing of components for its products
"We have examined the Bharti-Wal-Mart joint venture and everything is in conformity with the existing policy on FDI in retail," high-level sources in the commerce and industry ministry said.
Crop loss would the highest in Karnataka (where a little more than 75 per cent of the national output comes from), followed by Kerala and Tamil Nadu.
The agreement means consumers will enjoy more choices and varied price points.
Government said on Wednesday it has extended by one year the in-principle approval to Reliance Industries' Maha Mumbai special economic zone but asked the promoters to cut the size of the zone to 5,000 hectares in line with the new rules.
Import growth moderated to a four-month low, owing to sharp decline in that of gold.
China will open up service sectors such as education, finance and culture for FDI to remain an attractive destination for overseas investment.
The USTR has placed India on its "priority watch" list for two years in a row, saying the country's patent laws unfairly favour local drug makers.
'Today, I am taking new actions to restrict Iran's nuclear, ballistic missile, and conventional weapons pursuits. My Administration will never allow Iran to have a nuclear weapon, nor will we allow Iran to endanger the rest of the world with a fresh supply of ballistic missiles and conventional arms,' Trump said in a statement.
Defence Minister A K Antony has shot down Commerce Ministry's proposal to raise Foreign Direct Investment in defence from 26 per cent to 49 per cent, saying it will be a "retrograde" step and "stymie" the growth of the domestic industry while increasing dependence on foreign manufacturers.
The Commerce Ministry earlier this week commissioned a study to assess the impact of free trade agreement with South Korea, with which India had a trade deficit of about $9 billion in 2012-13.
With India, the last round of talks took place in February 2011.
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