The finance minister is ready to present a second financial package. The Centre has ruled out a mega stimulus and will rely on targeted, incremental packages. Industry is clamouring for a bailout, the liquidity upheaval in capital markets is nowhere close to being sorted out, and all budgetary forecasts now stand irrelevant, reports Arup Roychoudhury.
With the government asking the companies to operate with only 50 per cent staff strength, and exports dipping to almost zero, the truck and bus drivers idling at the petrol pump say they hardly have any work now. At a petrol pump on the deserted Bavla-Changodar highway near Ahmedabad in Gujarat, several trucks and buses are neatly parked in a row.
The commitment by Japan to invest $35 billion or 3.5 trillion YEN is for infrastructure sector over five years.
To further boost bilateral economic ties with the US, Confederation of Indian Industry would organise a series of road shows, 'IndiaConnect-USA', from April 8-18.
Commerce and Industry Minister Suresh Prabhu is slated to meet senior executives of Apple on the sidelines of the World Economic Forum in Davos later this month.
Don't hit the buy button as soon as you hear of the next BIG online sale this Diwali. Here are some very important lessons -- in the light of how some online shoppers felt cheated after Flipkart's 'Billion Day Sale' -- that could save you time, money and peace of mind, says Rajiv Raj!
Goa has scrapped 12 SEZs, including the seven, which were approved by the state government. But the government is struggling over denotification of three industrial enclaves, which has now rushed to the High Court against government's intention to scrap them.
The first of its kind, a gem bourse to cater to the needs of the gemstone industry of the Pink City where all the business could be transacted under one roof, would soon become a reality.
Section 144 of CrPC, prohibiting assembly of five or more people at one spot, will be in force during the period, Thackeray had said, but refrained from terming the new curbs as a lockdown.
Farmer leaders on Monday started their day-long hunger strike against the Centre's new farm laws and said protests will be held at all district headquarters later in the day, even as more people are expected to join the ongoing agitation at Delhi border points.
Later, there may be some tax relief aimed at the middle class and measures to benefit the sectors worst hit by Covid-19 and the resultant nationwide lockdown.
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.
Besides addressing a high-level meeting of the US-India Business Council at Washington on June 17, Sharma will hold discussions with the US secretary of state Hillary Clinton. During his three-day engagements, the commerce and industry minister would meet US Commerce Secretary Gary Locke and US trade representative Ronald Kirk.
Sitharaman said that Indian startups have made and are making big contribution to the defence industry both in India and abroad.
India is keen to improve share of services in global trade.
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.
India on Monday emphasised the need for resuming talks on the WTO's stalled Doha Round, stating that the negotiating text for global trade can be the staring point for further talks.
Scindia, who was also named as its Rajya Sabha candidate from Madhya Pradesh by the BJP, hailed Prime Minister Narendra Modi for his "competence and complete dedication" to serving India and asserted that the country's future is fully secure in his hands.
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.
Chinese manufacturers are re-routing their products through the markets of other countries that India has Free Trade Agreements with.
Though assembly elections in Madhya Pradesh are almost one and a half years away, the Opposition Congress, which is looking to prevent the Bharatiya Janata Party from scoring a hat-trick in the state, appears to be divided on the issue of chief ministership. A section of the party led by Union Minister of State for Commerce and Industries Jyotiraditya Scindia favoures contesting the polls under the leadership of tribal leader Kantilal Bhuria.
Air India owns 32 aircraft, and has 37 aircraft on finance lease; Air India Express owns 17 aircraft on finance lease. The aircraft-related debt of Air India is Rs 16,000 crore; it's Rs 1,100 crore for Air India Express.
With large FDIs moving to Africa, India should focus on more than just development aid to build sustainable ties with the continent. The African continent has been clearly recognised as the next big market for trade and investment globally.
At ground level, Trinamool leaders are quite reasonable and supportive. But TC is such a party where opinions of the grassroot-level people don't matter. The party has decided to oppose whatever development work we undertake, says
There are indications or signs of the economy picking up -- collection of GST and consumption of electricity, said former RBI governor, C Rangarajan.
Credit to priority sectors as well as small and medium industries will be discussed to find ways to accelerate economic growth.
In a bid to improve coordination between the party and the government, at least one Union minister will be available at the BJP headquarters everyday starting Wednesday to hear grievances and suggestions from partymen.
United States Border Security, Economic Opportunity and Immigration Modernisation Bill, 2013 has not yet been enacted.
Lobby group tells USTR it has got assurance from India on compulsory licensing.
Credit Suisse said if the deal fructifies, then this will bring together the largest offline and online retailers in India.
The board would take a decision on these applications on February 20.
The government on Wednesday said cases where products belonging to popular Indian brands like Natraj Pencil, Boroplus antiseptic cream, Raymond, Onida etc., are being copied and sold in China have come to light.
Sitharaman, who became the first full-time woman defence minister in the first tenure of the Bharatiya Janata Party-led National Democratic Alliance government -- will also head the Corporate Affairs ministry in the new cabinet.
West Bengal Chief Minister, Mamata Banerjee, on Friday invited industrialists to set up base in the state, but cautioned against acquiring land forcefully.
India's exports are showing signs of improvement as the contraction in outbound shipments in June so far has come down to about 10-12 per cent as compared with 60 per cent in April, Commerce and Industry Minister Piyush Goyal said on Monday. Declining for the third straight month, In "Currently we are about 10-12 per cent down in June. So in a sense, we have reached up to 88-90 per cent of the level of exports that we had in June 2019 in the current month in the first two weeks. I am awaiting the data for third week (of June)," Goyal said at a CII function.
Over one lakh people have lost their jobs in the export sector in the last five months due to the global downturn, the Rajya Sabha was informed on Wednesday.
Naturally, the West Bengal chief minister is not leaving anything to chance, reports Ishita Ayan Dutt.
'The idea is to have a separate and independent consultation on non-personal data, and decide the contours of how it should be regulated, whether as guidelines, rules, or a separate policy,' said a senior official at MeitY.
'Rahul Bhai was well known for speaking the truth.' 'He did not accept anything he considered wrong.'
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