News for 'Ministry of International Trade and Industry'

Modi becomes 1st Indian PM to set foot in Rwanda

Modi becomes 1st Indian PM to set foot in Rwanda

Rediff.com23 Jul 2018

Prime Minister Modi will hold bilateral meetings with President Paul Kagame, delegation-level talks and meetings with the business and the Indian communities, a statement from the Prime Minister's Office said.

Big leap for India in ease of doing business; rank improves to 77

Big leap for India in ease of doing business; rank improves to 77

Rediff.com31 Oct 2018

India improved its rank on six out of the 10 parameters relating to starting and doing business in a country.

FDI shifting from China to India? 3 reasons why it's a joke!

FDI shifting from China to India? 3 reasons why it's a joke!

Rediff.com20 May 2020

'The belief that FDI will shift from China appears to be a strategy of politicians to keep the media busy, chasing irrelevant news to ward off pressure and questions about the government's plans to deal with COVID,' observes Debashis Basu.

COVID-19 tally nears 60k; fresh outbreaks abroad raise concerns

COVID-19 tally nears 60k; fresh outbreaks abroad raise concerns

Rediff.com9 May 2020

A total 95 deaths deaths were reported since Friday morning, of which 37 in Maharashtra, 24 in Gujarat, nine in West Bengal, seven in Madhya Pradesh, four each from Rajasthan and Uttar Pradesh, three from Andhra Pradesh and Tamil Nadu and two from Delhi and one each from Punjab and Haryana.

Maharashtra eases up on contract labour norm, unions upset

Maharashtra eases up on contract labour norm, unions upset

Rediff.com18 Feb 2017

Units employing up to 49 workers are not required to list themselves with the government.

'Rupee below 62 against dollar for long is a cause for concern'

'Rupee below 62 against dollar for long is a cause for concern'

Rediff.com16 Dec 2014

Forex dealers said besides continued demand for the American currency from importers, increased capital outflows by foreign funds kept pressure on the rupee.

Modi has ambitious plans to put India in the $5-trillion club

Modi has ambitious plans to put India in the $5-trillion club

Rediff.com19 Nov 2018

Modi said it is an outcome of India's consistent reforms trajectory that the country's position is getting credence globally and is being recognised by international bodies like the IMF, World Economic Forum and UNCTAD.

Imported apples, ACs may cost more

Imported apples, ACs may cost more

Rediff.com2 Sep 2013

Govt mulls raising duty on non-essential goods with annual import bill exceeding $1 billion

French retailer Auchan scouts India all over again

French retailer Auchan scouts India all over again

Rediff.com23 Mar 2017

Auchan and another French retailer, Carrefour, exited India in 2014

Oil prices spurt, petrol crosses Rs 80 in Mumbai

Oil prices spurt, petrol crosses Rs 80 in Mumbai

Rediff.com23 Jan 2018

The spurt in rates, caused by the rally in international oil prices, has led to the oil ministry asking the finance ministry for a cut in excise duty in the Union Budget 2018-19, to be presented in Parliament next week.

India's 1st smart city is all set to take off in a big way

India's 1st smart city is all set to take off in a big way

Rediff.com23 Jun 2020

'Initially, Gift City was just another real estate project, but all that changed with Modi moving to New Delhi,' notes Tamal Bandyopadhyay.

Japan not to commit on tariff cuts

Japan not to commit on tariff cuts

Rediff.com15 Jan 2003

US visa fee hike discriminatory, targeted at Indian IT cos: FM

US visa fee hike discriminatory, targeted at Indian IT cos: FM

Rediff.com14 Apr 2016

India has expressed concern over the hike in visa fee by the US, saying it is "discriminatory" and largely affects Indian IT professionals.

India's exports may fall short by $30-32 bn in 2014-15

India's exports may fall short by $30-32 bn in 2014-15

Rediff.com12 Apr 2015

Lakhs of jobs are at stake.

India's gold imports slump in December

India's gold imports slump in December

Rediff.com7 Jan 2015

Providing relief to the economy from widening trade deficit on account of gold imports, the inward shipments of the metal slumped in December to 39 tonnes, Commerce Secretary Rajeev Kher said on Wednesday.

Ajay Kumar wants to make India a global defence power

Ajay Kumar wants to make India a global defence power

Rediff.com10 Aug 2018

The secretary defence production wants to make India (currently the largest importer of weaponry) one of the world's top five defence manufacturers and a global leader in artificial intelligence and cyberspace.

Global economy grim, it's hurting India's exports: Jaitley

Global economy grim, it's hurting India's exports: Jaitley

Rediff.com19 Apr 2016

Jaitley said each of the regions in the world is trying to do its best.

'Henceforth, no Indian should fear the taxman'

'Henceforth, no Indian should fear the taxman'

Rediff.com31 Dec 2019

'We have set out a timetable to reduce income tax rates for all incomes below Rs 50 lakh, and to progressively eliminate the surcharges on income above Rs 50 lakh, by 2024.' The Budget speech past CII president Naushad Forbes wants to hear.

Three issues for Modi and Xi to consider

Three issues for Modi and Xi to consider

Rediff.com10 Oct 2019

'This novel format of diplomacy -- the informal summit -- will not only facilitate bilateral communication and reduce miscalculations at the very top level of the two governments, but possibly open the space for China and India to speak in one voice on various issues of mutual concern,' note Feng Renjie and Ding Kun Lei

India plans massive duty cut on Pakistan textile imports

India plans massive duty cut on Pakistan textile imports

Rediff.com17 Jul 2013

Currently, India imposes 30-45 per cent duty on textile products from Pakistan.

'Virtual hearing of cases is an excellent development'

'Virtual hearing of cases is an excellent development'

Rediff.com23 Jun 2021

'Coupled with e-filing procedures it would really enhance the ability of the judiciary to provide speedier justice.'

E-commerce draft policy plugs gifting loophole for foreign sites

E-commerce draft policy plugs gifting loophole for foreign sites

Rediff.com5 Mar 2019

Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.

Airlines may not benefit much from airfare hike. Here's why

Airlines may not benefit much from airfare hike. Here's why

Rediff.com13 Feb 2021

'The recent price hike would only be beneficial if the airlines continue to operate at 80 per cent airline capacity. An increase towards 90 or 100 per cent airline capacity would again add pressure to the fares as demand remains muted. Also, we are in the fourth quarter of the fiscal year which is a seasonally weaker quarter,' says an analyst.

As Work From Home Deepens...

As Work From Home Deepens...

Rediff.com13 Jul 2021

... Are far-reaching social changes coming with it, asks Ajit Balakrishnan.

Modi in Hannover; meets German CEOs

Modi in Hannover; meets German CEOs

Rediff.com12 Apr 2015

He is expected to invite German companies to invest in India and participate in 'Make in India' initiative

'Make in India will have to be worked on'

'Make in India will have to be worked on'

Rediff.com17 May 2017

In the run up to three years of the National Democratic Alliance government, Minister of State for Commerce and Industry (Independent Charge) Nirmala Sitharaman says it is time to consolidate some of the major initiatives as well as take new steps.

Consumer durables likely to face higher import duty

Consumer durables likely to face higher import duty

Rediff.com2 Aug 2013

However, worries on inadequate import and issues for the FTA pacts.

'India can't wish away defence ties with Russia'

'India can't wish away defence ties with Russia'

Rediff.com25 Jun 2019

Sources also said that India meets the criteria for a US sanctions waiver for procuring S-400 missile defence systems from Russia and the Trump administration has 'enough flexibility' on the issue.

'FDI policy should be seen in light of Make in India'

'FDI policy should be seen in light of Make in India'

Rediff.com15 Jul 2016

With EU, it is part of the FTA that we will need to negotiate.

The many battles that Amazon is fighting in India

The many battles that Amazon is fighting in India

Rediff.com8 Jul 2021

Among all the geographies where Amazon is fighting regulators, India is the only place where its lines are also tangled in a major corporate battle, this one with India's largest company by market capitalisation over the acquisition of Mumbai-based Future Group's retail chain, the country's second largest. No other corporate entity in any country offers a challenge to Amazon's hegemony in a way Reliance Industries does - and the final hearing of an arbitration case filed at the Singapore International Arbitration Centre between the two may decide at least some of these issues. This legal battle between one of the world's most powerful corporations and one of India's most powerful conglomerates could be complicated by a host of other developments.

Nipah scare: Fruit and vegetables from Kerala banned in Gulf

Nipah scare: Fruit and vegetables from Kerala banned in Gulf

Rediff.com4 Jun 2018

Region takes about a third of all Indian fruit shipment and quarter of vegetables sold abroad; consignments from other states could face ban, too, if virus not contained

'Modi's political capital has taken a very big beating in the Nirav Modi case'

'Modi's political capital has taken a very big beating in the Nirav Modi case'

Rediff.com1 Mar 2018

'Four weeks have passed after the scam was exposed, yet no big guy has been arrested.' 'This gives the impression that he wants to be soft on the biggies.'

Compulsory annual health checks proposed for workers

Compulsory annual health checks proposed for workers

Rediff.com4 Apr 2018

This will help employers keep a track of the diseases workers could suffer from while doing their jobs.

Modi in Seoul: 'Enough of looking east, it's time to Act East'

Modi in Seoul: 'Enough of looking east, it's time to Act East'

Rediff.com18 May 2015

'Look East' policy was first coined by the Narasimha Rao government in the 1990s and has been followed by the successive governments.

Madam Raksha Mantri, this is what you need to do first!

Madam Raksha Mantri, this is what you need to do first!

Rediff.com6 Sep 2017

'She must first change the Rules of Business 1961 that makes the defence secretary and not the defence minister responsible for the defence of the country!' says Colonel Anil A Athale (retd.)

Will prices of petrol, diesel skyrocket in near term?

Will prices of petrol, diesel skyrocket in near term?

Rediff.com6 Dec 2016

India is estimated to spend $1.36 billion more a year for every one dollar a barrel increase in crude oil prices, says Subhayan Chakraborty.

Production slumps in the powerloom hub of Bhiwandi

Production slumps in the powerloom hub of Bhiwandi

Rediff.com23 Feb 2021

Hit hard by volatility in yarn prices, 50% of the looms said to be operating only 3-4 days a week.

'Maggi episode did not leave a positive taste'

'Maggi episode did not leave a positive taste'

Rediff.com4 Nov 2015

Nestle India said it has conducted over 3,500 tests.

They will help Urjit Patel to take a call on interest rates

They will help Urjit Patel to take a call on interest rates

Rediff.com23 Sep 2016

Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years

PM to visit Rwanda, Uganda and South Africa next week

PM to visit Rwanda, Uganda and South Africa next week

Rediff.com20 Jul 2018

Modi will first stop in Rwanda for a two-day visit, then visit Uganda from July 24-25 and finally go to South Africa.