News for 'Ministry of Commerce and Industry'

Modi move to allow dual use in SEZs to help Adani SEZ

Modi move to allow dual use in SEZs to help Adani SEZ

Rediff.com13 Jan 2015

Developers had been urging dual usage of their SEZ land since the beginning of global financial recession in 2008.

Centre scraps FIPB to 'further liberalise' FDI regime

Centre scraps FIPB to 'further liberalise' FDI regime

Rediff.com24 May 2017

The approvals would be handled independently by administrative ministries of different sectors.

Infrastructure growth slips to 2.6% in July

Infrastructure growth slips to 2.6% in July

Rediff.com22 Aug 2003

Dismal performance by electricity, crude petroleum, coal and cement sectors pulled down the growth in infrastructure to just 2.6 per cent last month compared to a robust 10.2 per cent in July 2002.

Bihar Aquaponics Farm Blazes A Trail

Bihar Aquaponics Farm Blazes A Trail

Rediff.com16 Jul 2022

'Aquaponics can effectively cushion the impact of a calamity like COVID.'

Modi reconstitutes Niti Aayog; Shah ex-officio member

Modi reconstitutes Niti Aayog; Shah ex-officio member

Rediff.com6 Jun 2019

Rajiv Kumar will continue as vice-chairman of the body, along with other full-time members V K Saraswat, Ramesh Chand and V K Paul.

What happens if India bans Chinese smartphones

What happens if India bans Chinese smartphones

Rediff.com21 Oct 2020

Chinese mobile brands are deeply entrenched in the Indian market. A move to bar them may send a bold diplomatic message. But its cost for the local industry is anybody's guess. In the event that Chinese brands face curbs, two handset makers - Samsung and Apple - squarely stand to gain.

India to train African cotton traders

India to train African cotton traders

Rediff.com19 Jun 2007

India is all set to train a large number of cotton traders from African countries from Tuesday.

Nike's Rs 300 cr plant in Tamil Nadu

Nike's Rs 300 cr plant in Tamil Nadu

Rediff.com6 Jun 2007

Hong Kong-headquartered Growth-Link Overseas has announced it would invest Rs 300 crore to build a manufacturing facility for Nike footwear at Cheyyar, near Kancheepuram in Tamil Nadu.

Govt starts talks on trade deal with BIMSTEC

Govt starts talks on trade deal with BIMSTEC

Rediff.com26 Sep 2006

The exercise is aimed at finalising India's position for a free trade agreement with BIMSTEC nations.

Exports, imports fall, but trade turns surplus after 18 years

Exports, imports fall, but trade turns surplus after 18 years

Rediff.com15 Jul 2020

Import segments which recorded negative growth include gold, silver, transport equipment, coal, fertiliser, machinery and machine tools. However, exports of oil seeds, coffee, rice, tobacco, spices, pharma, and chemicals reported positive growth in June.

Who will win the Super App race in India?

Who will win the Super App race in India?

Rediff.com10 Oct 2021

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.

Meet held to decide EU FTA negative list

Meet held to decide EU FTA negative list

Rediff.com29 Nov 2007

A meeting to discuss what goods should be included in the negative list of items for India-European Union Free Trade Agreement, was held here recently.

Gold imports surge to $4.17 billion in Oct

Gold imports surge to $4.17 billion in Oct

Rediff.com17 Nov 2014

Gold imports surged by nearly four-fold to $4.17 billion in October to meet the festival season demand.

Govt clears Wipro proposal to set up SEZ in Andhra

Govt clears Wipro proposal to set up SEZ in Andhra

Rediff.com30 Sep 2014

The decision regarding this was taken by the Board of Approval in its meeting on September 18.

Goa firm on SEZs, asks Centre to reconsider stand

Goa firm on SEZs, asks Centre to reconsider stand

Rediff.com4 Jun 2008

In view of popular sentiments, the Goa government had decided to scrap 12 SEZs and sought denotification of three SEZs from the Centre. In view of popular sentiments, the Goa government had decided to scrap 12 SEZs and sought denotification of three SEZs from the Centre. The three SEZs for Meditab Specialities, Peninsula Pharma Research Centre and K Raheja Corporation had started work on the sites before the state government issued them stop-work orders.

Reshuffle was based on anything but performance

Reshuffle was based on anything but performance

Rediff.com6 Sep 2017

Non-performers were not punished, performers were not rewarded, points out Utkarsh Mishra.

SC favours green Diwali; restricts bursting of crackers to 2 hours

SC favours green Diwali; restricts bursting of crackers to 2 hours

Rediff.com23 Oct 2018

The apex court also restrained e-commerce websites like Flipkart and Amazon from selling firecrackers which are beyond the permissible limit.

Sector-specific package for exporters soon: Nath

Sector-specific package for exporters soon: Nath

Rediff.com22 Oct 2007

Maintaining his optimism that India will achieve export target of $160 billion for 2007-08 despite currency related troubles, Nath said his ministry is preparing a Cabinet note for expanding coverage of refunds to exporters. The government had announced a Rs 1,400-crore (Rs 14-billion) package for exporters in July and exempted seven items from service tax.

Blame poor data collection for inflation woes

Blame poor data collection for inflation woes

Rediff.com15 May 2008

This lack of regular and detailed disclosure by companies or respondents lies at the core of the problem, one that has gained ground in recent weeks.

FDI in retail may not be allowed, hints Nirmala

FDI in retail may not be allowed, hints Nirmala

Rediff.com27 May 2014

The BJP-led government may not permit foreign retailers to open mega stores in the country as such a move may adversely impact small traders and farmers, new Commerce and Industry Minister Nirmala Sitharaman indicated.

India to develop new Guar seed varieties

India to develop new Guar seed varieties

Rediff.com28 Sep 2007

Guar Gum Manufacturers' Association president G L Sarda said that the industry will definitely participate with the government in the project. "It is high time we fund research projects to develop new varieties of guar seeds," Sarda said.

SEZs increasing digital divide: Minister

SEZs increasing digital divide: Minister

Rediff.com19 Sep 2007

"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.

EGoM resolves Essar, Mundra SEZ tax issues

EGoM resolves Essar, Mundra SEZ tax issues

Rediff.com25 Oct 2008

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 second virus threatening India's economic growth

The second virus threatening India's economic growth

Rediff.com9 Mar 2020

Developing more sources of supplies to guard against disruptions may emerge as the next big trend. But that may not necessarily mean flow of more investments into India, unless investors are assured, besides important economic factors and impartiality of institutions, that social disharmony will not cause unexpected disruptions.

US-China trade war a 'golden' opportunity for India

US-China trade war a 'golden' opportunity for India

Rediff.com12 Sep 2019

The US is the largest consumer of gems and jewellery in the world contributing nearly 40 per cent of global production. If India can tap the opportunity, its overall exports to the US could jump by 10 per cent to $ 11 billion this year.

Govt cancels SEZs of Hindalco, Essar, Adani

Govt cancels SEZs of Hindalco, Essar, Adani

Rediff.com29 Sep 2014

The decision was taken in the meeting of the Board of Approval headed by Commerce Secretary Rajeev Kher on September 18.

To attend Parliament, Piyush Goyal cancels China visit

To attend Parliament, Piyush Goyal cancels China visit

Rediff.com29 Jul 2019

Goyal was to visit Beijing from August 2 to 3 to take part in the RCEP Intersessional Ministerial meet.

'World sees India as tomorrow's tiger'

'World sees India as tomorrow's tiger'

Rediff.com17 Nov 2006

The world recognizes that it would be impossible to do business without India, says Commerce Minister Kamal Nath.

US slowdown may help India: Nath

US slowdown may help India: Nath

Rediff.com6 Feb 2008

US recession is likely to help Indian economy as it wil attract more global investments, said Commerce and Industry Minister Kamal Nath.

Core sector growth slows to 1.1% in July

Core sector growth slows to 1.1% in July

Rediff.com31 Aug 2015

Growth in output of coal, cement and electricity slowed to 0.3%.

Trade fair firms zero in on India

Trade fair firms zero in on India

Rediff.com13 Oct 2006

FDI in railways should be examined carefully, quickly: Survey

FDI in railways should be examined carefully, quickly: Survey

Rediff.com9 Jul 2014

The Commerce and Industry Ministry has circulated a draft Cabinet note for inter-ministerial consultations.

Starbucks to enter India by 2007-end

Starbucks to enter India by 2007-end

Rediff.com9 May 2007

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.

Indo-Pak trade normal, may suffer in the long run

Indo-Pak trade normal, may suffer in the long run

Rediff.com7 Nov 2007

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%

Mashelkar gets time to purge 'follies'

Mashelkar gets time to purge 'follies'

Rediff.com15 Mar 2007

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.

Post Nirav Modi scam, diamond traders ready new plan to raise fund

Post Nirav Modi scam, diamond traders ready new plan to raise fund

Rediff.com23 Mar 2018

Since most banks have tightened lending to diamond merchants and others are about to do so, many medium and small diamond dealers are approaching large players for credit facility within the industry

Govt will announce additional measures to boost economy: FM

Govt will announce additional measures to boost economy: FM

Rediff.com20 Sep 2017

The FM said an announcement with regard to the additional steps will be made after consulting Prime Minister Narendra Modi.

Govt may simplify taxes for manufacturing sector

Govt may simplify taxes for manufacturing sector

Rediff.com3 Jun 2014

Finance Minister Arun Jaitley is expected to present the Budget for 2014-15 in July.

Patent law report withdrawn

Patent law report withdrawn

Rediff.com22 Feb 2007

The decision has come in the wake of allegations of plagiarism against the Mashelkar panel report.

Uproar in Rajya Sabha over govt 'inconsistencies' on WTO

Uproar in Rajya Sabha over govt 'inconsistencies' on WTO

Rediff.com11 Aug 2014

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.