The agreement means consumers will enjoy more choices and varied price points.
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.
Apple sought exemption from mandatory local sourcing of components for its products
Import growth moderated to a four-month low, owing to sharp decline in that of gold.
Cheap equipment imports, especially from China, is a major reason for falling tariffs in solar tenders
China will open up service sectors such as education, finance and culture for FDI to remain an attractive destination for overseas investment.
In a letter dated November 30, the PMO asked the commerce ministry to prepare a detailed note on the venture, in the anticipation that it would come up for discussion in Parliament.
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.
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.
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