News for 'State for Business and Trade'

New Data Bill may hit tech businesses hard

New Data Bill may hit tech businesses hard

Rediff.com19 Dec 2019

'If Indians are to be truly protected, Parliament must review and address these dangerous provisions before they become law.'

'US-India relationship is not only about trade'

'US-India relationship is not only about trade'

Rediff.com17 Oct 2017

'They are geopolitical, commercial, educational, cultural and about innovation.' 'Also, they are about a common value system.'

CBIC Goes Soft On GST Investigations

CBIC Goes Soft On GST Investigations

Rediff.com23 Apr 2024

The principal commissioner has been made responsible for developing and approving any intelligence, conducting search, and completing investigations and relevant subsequent actions, including at the lower field formations, points out T N C Rajagopalan.

India-Turkey to boost trade ties

India-Turkey to boost trade ties

Rediff.com4 Feb 2011

India and Turkey have agreed to take trade beyond $5 billion target

'Historically, 2023 is the best year for India-US ties'

'Historically, 2023 is the best year for India-US ties'

Rediff.com8 Dec 2023

The relationship between the US and India has been very productive, in particular on the trade and technology front, and 2023 can be considered the best year historically for bilateral ties, according to a former top American trade official. Arun Kumar, an Indian-American, who served as the assistant secretary of Commerce for Global Markets and director general of the US and Foreign Commercial Service (USFCS) during the Obama administration, said this during an interview with PTI in Washington. "Looking back on 2023, it was a very productive year for the US-India relationship, by many accounts the best year historically," he said.

Indo-Pak trade talks to be hit again

Indo-Pak trade talks to be hit again

Rediff.com8 Aug 2013

The MFN (Most Favoured Nation, meaning non-discriminatory treatment for each other) issue is of prime importance to India, as it wants to have greater access in the Pakistani markets.

Have Zomato, Swiggy finally figured out the right recipe?

Have Zomato, Swiggy finally figured out the right recipe?

Rediff.com22 Dec 2023

Something is cooking in online food delivery. After 15 years of grappling with the demands of the business - read cash burn - Gurugram-based Zomato reported its first profit in the first quarter of 2023-24 (FY24). Not satiated, it reported a profit in the following quarter as well: Of Rs 36 crore in the second quarter compared to Rs 2 crore in the first. A year ago, in the second quarter of FY23, it had reported a loss of Rs 251 crore.

A Tale Of Unlikely Politicians

A Tale Of Unlikely Politicians

Rediff.com4 Apr 2024

Many ethical, competent corporate leaders aspire to join public life today. However, the transition to politics is far from easy, observes Indrajit Gupta.

EPFO mulls reinvesting 50% of ETF redemption proceeds in equity market

EPFO mulls reinvesting 50% of ETF redemption proceeds in equity market

Rediff.com9 Feb 2024

In a bid to enhance its equity exposure and earn higher returns for its nearly 65 million subscribers, the Employees' Provident Fund Organisation (EPFO) is considering reinvesting 50 per cent of its exchange-traded funds (ETFs) redemption proceeds back into equity. Sources close to the development said a proposal regarding this was discussed in the investment committee (IC) meeting in October last year, and the recommendation has been sent to the Central Board of Trustees (CBT), the apex decision-making body of the EPFO for its approval. The next CBT meeting is scheduled to be held on Saturday.

Imports of California walnut rise after India removes tariff

Imports of California walnut rise after India removes tariff

Rediff.com8 Jan 2024

The California walnuts shipped from the US to India have seen a sharp uptick with imports more than doubling from September to November against the same period last year. This comes after New Delhi removed its retaliatory customs tariffs on the key dry fruit. Two days ahead of US President Joe Biden's visit to New Delhi to attend the G20 Summit on September 9-10, India dropped additional customs duties on about half a dozen US goods that were imposed in 2019 in response to America raising tariffs on certain steel and aluminum products coming from India.

Has Joe Biden Lost Interest In India?

Has Joe Biden Lost Interest In India?

Rediff.com7 May 2024

Had it not been for the slow but sure emergence of China as a threat to the western order, would India have been accepted as a near-equal partner by individual western nations, jointly and severally, questions N Sathiya Moorthy.

New players enter power trading

New players enter power trading

Rediff.com6 Oct 2003

Ease of Doing Business: How REAL is India's ranking?

Ease of Doing Business: How REAL is India's ranking?

Rediff.com9 Nov 2018

For the second year in a row, India has been recognised as the fifth-best performing nation in reforming the business environment. However, in the two categories that the government was banking on most - "Paying Taxes" and "Resolving Insolvency" - landmark reforms that were expected to yield better results have had the opposite effect. Under the circumstances should the country celebrate already or are there any reasons for worry, wonders Subhayan Chakraborty.

BSE-listed firms' m-cap at record high of Rs 343.48 lakh crore

BSE-listed firms' m-cap at record high of Rs 343.48 lakh crore

Rediff.com4 Dec 2023

The combined market capitalisation of BSE-listed companies hit an all-time high of Rs 343.48 lakh crore on Monday, amid a rally in equities after the BJP registered victory in assembly polls in three Hindi heartland states. Following the sharp uptick in the market, investors became richer by over Rs 5.81 lakh crore on Monday. The 30-share BSE Sensex jumped 1,383.93 points, or 2.05 per cent, to close at a lifetime high of 68,865.12.

India looks at Commonwealth boost for small businesses

India looks at Commonwealth boost for small businesses

Rediff.com14 Mar 2017

For many years now, India has given the Commonwealth short shrift so its support for the Commonwealth trade initiative signals a renewed interest in the body.

How To Prevent Terror On The High Seas

How To Prevent Terror On The High Seas

Rediff.com17 Apr 2024

The world needs to wake up to this new dimension of war at sea and be prepared to face the 'unknown enemy' who have the advantage of attacking at their choice of location and time, cautions Commodore Venugopal Menon (retd).

'A lot has been done between India and the US in the last two years than it was done before'

'A lot has been done between India and the US in the last two years than it was done before'

Rediff.com23 Jun 2023

'With Trump, the relationship was very transactional, whereas with President Biden it is very structured.'

People in democracies need a sense of uncertainty

People in democracies need a sense of uncertainty

Rediff.com20 Mar 2024

For trust in democracy to be retained, elections need to be not just free of intervention -- ruling out Pakistan and Russia -- but also demonstrate the capability to both deliver ruling mandates and hold the potential for large swings in favour of the opposition, points out Mihir S Sharma.And, after an election is done, they need to see a mandate in order to go back to their lives and let their representatives get on with the business of government, points out Mihir S Sharma.

'Country comes first, trade with Pakistan comes second'

'Country comes first, trade with Pakistan comes second'

Rediff.com27 Sep 2016

'Trade cannot take place when there is no trust.'

Amid border issue, China shouldn't expect...: Jaishankar

Amid border issue, China shouldn't expect...: Jaishankar

Rediff.com14 Jan 2024

You don't want to fight and do trade at the same time. Meanwhile, diplomacy is going on and sometimes solutions to difficult situations do not come in haste, Jaishankar asserted.

Coronavirus may pull down India's trade by Rs 25 bn: UN report

Coronavirus may pull down India's trade by Rs 25 bn: UN report

Rediff.com5 Mar 2020

The trade impact of the coronavirus epidemic for India is estimated to be about 348 million dollars (approximately Rs 25 billion) and the country figures among the top 15 economies most affected as slowdown of manufacturing in China disrupts world trade, according to a UN report. Estimates published by United Nations Conference on Trade and Development on Wednesday said that the slowdown of manufacturing in China due to the coronavirus (COVID-19) outbreak is disrupting world trade and could result in a 50 billion dollar decrease in exports across global value chains.

Send us your tourists, Prez Muizzu urges China amid row with India

Send us your tourists, Prez Muizzu urges China amid row with India

Rediff.com10 Jan 2024

He urged China to bolster the flow of its tourists to the Maldives.

India Inc feels the heat of West Asia conflict

India Inc feels the heat of West Asia conflict

Rediff.com29 Apr 2024

Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs. For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.

US trade bodies file lawsuit against Trump's visa rule

US trade bodies file lawsuit against Trump's visa rule

Rediff.com23 Jul 2020

The lawsuit seeks to overturn these sweeping and unlawful immigration restrictions that are an unequivocal not welcome sign to the engineers, executives, IT experts, doctors, nurses, and other critical workers who help drive the American economy.

Higher discounts likely to prompt India to buy more crude oil from UAE

Higher discounts likely to prompt India to buy more crude oil from UAE

Rediff.com27 Jul 2023

Higher discounts on crude oil offered by the United Arab Emirates (UAE) to wean India away from Russian crude may soon see Indian refiners ramping up purchases from the Gulf nation, officials at multiple refiners said. They also pointed to the recent agreement on trade settlement in national currencies signed between India and the UAE as a reason for this. "While discussions are underway, the UAE has offered discounts on crude, which will be more than that of the current level of Russian discounts.

DON'T leave unutilised funds in your trading account!t

DON'T leave unutilised funds in your trading account!t

Rediff.com17 Dec 2018

Suppose you have transferred money to your trading account but did not use it to buy securities, the broker could misuse this money, warns Sanjay Kumar Singh.

Rajasthan to witness 50k weddings on polling day

Rajasthan to witness 50k weddings on polling day

Rediff.com9 Oct 2023

Dev Uthani Ekadashi will be observed on November 23, when voting for the 200-member Rajasthan assembly will also be held.

NCDEX, Skymet takes initial steps towards tradeable weather index

NCDEX, Skymet takes initial steps towards tradeable weather index

Rediff.com22 Aug 2023

India's leading commodity exchange, National Commodity and Derivatives Exchange (NCDEX), and private weather forecasting company Skymet took a significant step towards launching the country's first tradeable weather index on Monday (August 14) by entering into an agreement to deepen their understanding of the impact that weather has on agricultural commodities. The memorandum of understanding (MoU) between NCDEX and Skymet is a profound step in the direction of linking farmers with the weather in a scientific way, according to an official statement. Sources indicate that NCDEX and Skymet will conduct workshops and seminars across the country to educate farmers about how they can scientifically use weather forecasts to hedge risks.

Essar plans power trading foray

Essar plans power trading foray

Rediff.com11 Oct 2005

After Tatas and Reliance, yet another corporate giant - the Rs 20,000 crore (Rs 200 billion) Essar Group – is entering the inter-state power trading business.

Will Ombudsman Fix Air Travel Hassles?

Will Ombudsman Fix Air Travel Hassles?

Rediff.com26 Mar 2024

'The ministry may like to consider setting up an ombudsman similar to electricity ombudsman and insurance ombudsman, to ensure a time-bound resolution of consumer issues within the airline sector.'

Coming Soon! The Bullet Train!

Coming Soon! The Bullet Train!

Rediff.com5 Mar 2024

With land acquisition completed and infrastructure work streamlined, India's bullet train dreams are slowly, but finally, inching closer to reality.

Modi asks states to alter mandi rules

Modi asks states to alter mandi rules

Rediff.com12 Apr 2020

The agriculture ministry, in the last few weeks, issued guidelines and letters to states to ensure agriculture and food products reach consumers in a timely manner, while farmers don't have to come to the mandis to sell them.

Will TDP, JD-U Toe BJP Line On Hindutva?

Will TDP, JD-U Toe BJP Line On Hindutva?

Rediff.com5 Jun 2024

The TDP and JD-U will have a lot to answer inside Parliament, day after day, session after session, notes N Sathiya Moorthy.

US peeved over India's trade surplus

US peeved over India's trade surplus

Rediff.com16 Sep 2004

Raising concerns over India's slow pace of trade liberalisation, the United States said on Thursday that it was apprehensive about India's surplus in bilateral trade.

'Middle Class Won't Be Affected By Indexation'

'Middle Class Won't Be Affected By Indexation'

Rediff.com26 Jul 2024

'For me, if I want to buy a house to stay, I don't care about indexation because I don't want to sell that house.' 'The only thing that matters to me as a buyer is that the home price should be within my reach.' 'Any market, when speculators and investors go out, it will benefit the middle class.'

If they're charging us...: Trump rakes up India tax issue

If they're charging us...: Trump rakes up India tax issue

Rediff.com21 Aug 2023

During his first term as the US president, Trump described India as a "tariff king" and in May 2019, terminated India's preferential market access.

Restore India's preferred trade status: Top US lawmakers to Trump

Restore India's preferred trade status: Top US lawmakers to Trump

Rediff.com18 Sep 2019

The Trump administration terminated India's designation as a beneficiary developing nation under the Generalized System of Preferences in June.

Modi first foreign head to get Bhutan's highest civilian honour

Modi first foreign head to get Bhutan's highest civilian honour

Rediff.com22 Mar 2024

Prime Minister Narendra Modi on Friday received Bhutan's highest civilian award, the 'Order of the Druk Gyalpo', making him the first foreign Head of the Government to receive the honour.