The finance ministry has proposed to decriminalise a host of minor offences, including those relating to cheque bounce and repayment of loans, in as many as 19 legislations to help businesses tide over the crisis caused by the coronavirus outbreak. The 19 legislations include Negotiable Instruments Act (cheque bounce), SARFAESI Act (repayment of bank loans), LIC Act, PFRDA Act, RBI Act, NHB Act, Banking Regulation Act and Chit Funds Act.
The investment arm of US-headquartered chip-maker Intel Corporation expects India to add around 300 million internet users over the next five years.
Trade, transport and hotels form a major part of the country's GDP and these sectors were crippled by the strike
'RCEP may be in India's long-term interest, but it is certainly not in India's short-term and medium-term interest.'
The Seventh Pay Commission had decided to choose the CPI-IW as the index for adjusting inflation for central government employees.
India scored a remarkable win on food security, but trade partners will now put pressure on New Delhi to provide meaningful openings for industrial goods and services and be more accommodative on liberalising tariffs.
'The range of purchases throw a light on India's threat perception as also its perceived role of being a stabilising influence in the region,' says Brigadier S K Chatterji (retd).
Britain has finalised 1 billion pounds worth of new trade and investment with India, creating over 6,500 jobs in the UK, to be signed off at a virtual summit between Prime Minister Boris Johnson and his Indian counterpart Narendra Modi on Tuesday. The investments confirmed by Downing Street on Monday evening form part of an Enhanced Trade Partnership (ETP), which will set the ambition to double the value of UK-India trade by 2030 and declare a shared intent to begin work towards a comprehensive Free Trade Agreement (FTA). "Like every aspect of the UK-India relationship, the economic links between our countries make our people stronger and safer," Johnson said.
As far as possible, investment in the agriculture sector must be from the government, and not the private sector, states Santushti Raj Thapar.
December 3, 2021 marks 50 years since the beginning of the 1971 War which ended in a decisive military victory for India and the liberation of Bangladesh. Most analysts of the 1971 War agree that the IV Corps dash across the mighty Meghna river led by the brilliant General Sagat Singh was the turning point in the war, recalls military historian Colonel Anil A Athale (retd).
Private sector firms need to be re-engaged for better infra planning.
First was the desire to tap the large domestic market while remaining competitive in global markets.
Ensuring health insurance for all workers would be major challenge for the industry that is already grappling with cash crunch, and the government should have borne the cost.
'We will continue to refine our operating model to drive more simplicity and nimbleness.'
The Budget emphasises on capacity building and empowerment of marginalised sections of society including farmers.
The two sides are engaged in negotiations to expand the ambit of FTA in goods to include trade in services and investments.
Tomar also indicated that the government will not repeal the laws.
Though the US has got together a number of vetted and potential Indian business partners, most of these companies say they haven't had much luck in stitching up deals to tap into India as an export market for their goods.
According to the CEO of an Indian group with presence in the telecom segment and two merchant bankers, the Mexico-headquartered telco's bankers have been sounded out for preliminary discussions with leading Indian telecom companies for a strategic tie-up.
Unions said the revised wage structure should reflect the merger of dearness allowance.
As farmers continue their protests demanding repealing of the three new laws, Kumar also emphasised that continued negotiations with protesting farmers is of course the way forward.
The petitions alleged that these laws would dismantle the Agricultural Produce Market Committee system intended to ensure fair prices for farm products
The leadership of the powerful Congressional India Caucus has urged the Indian government to ensure that the norms of democracy are maintained.
Rates fixed by New India Assurance, Oriental Insurance, United India Insurance and National Insurance after long discussions have been agreed to by the corporate chains
He said the Finance Minister assured the delegation that the Financial Services Secretary would look into the matter and the settlement process would be expedited.
Moody's assumes that the RBI will continue to pursue price and financial stability and implement policies towards these goals.
For years it has been evident that fibre and DTH would give tough competition to cable in India where regulatory overload has mutilated an already warped industry structure. OTT added fuel to the fire. From Rs 27,000 crore in 2010, cable's share of subscription revenues is now estimated at Rs 13,000 crore.
Finding itself trapped in a cul de sac, all things considered, a negotiated climbdown at this juncture seems the only sensible course available for the Centre, suggests Virendra Kapoor.
The India-Japan 2+2 dialogue added strategic heft to the special relationship in the wake of growing Chinese assertiveness on regional affairs, points out Dr Rajaram Panda.
The President-elect also announced the nomination of former Secretary of State John Kerry as Special Presidential Envoy for Climate, the first such official to sit on the national security council.
Three key agriculture Bills, approved by the Lok Sabha, are facing staunch opposition from within the ruling coalition with senior minister Harsmirat Kaur Badal resigning in protest and farmers hitting the street.
President Trump, forcefully pursuing his 'America first" policy, has previously described India as a "tariff king" for imposing "tremendously high" tariffs on American products, also expressed dissatisfaction over the US-India trade ties. "Well, we can have a trade deal with India, but I'm really saving the big deal for later on," Trump, who is scheduled to visit India on February 24 and 25, told reporters at the Joint Base Andrews outside Washington on Tuesday when asked whether he expects a trade deal with India before the visit.
India has submitted its offers at the World Trade Organisation to open up various services including health, telecom, engineering, construction, book-keeping and accounting, travel and tourism, maritime and computer-related services.
India's roughly $150 billion outsourcing sector generates about three quarters of its revenue from the United States.
Banking services are likely to be affected for the next four days as employees of PSU banks plan to go on a zone-wise relay strike beginning with Southern region from Tuesday, after wage revision talks failed.
They said that they will completely block the Chilla Border between Delhi and Noida on Wednesday to press for their demands, adding that farmer unions are not running away from negotiation, but the government has to pay heed to their demands and come forward with concrete proposals.
Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.
Flight of high-paying banking jobs to other European cities will hurt the prospects of Indian real estate developers and desis in the hospitality business in the UK, says Kunal Bose.
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