Prime Minister Narendra Modi on Saturday announced the adoption of the New Delhi Leaders Declaration, a significant victory for India's G20 presidency that came amid increasing tensions and divergent views over the Ukraine conflict.
The business council aims to give impetus to trade.
India rejected the proposed interim measure and trade facilitation agreement, risking an outright collapse of the ongoing talks.
The government on Tuesday said it will allow setting up of world-class foreign universities in Gandhinagar's GIFT City, free from domestic regulations, to facilitate availability of skilled manpower in the financial services space. In addition, an international arbitration centre will be set up in the GIFT City for timely settlement of disputes under international jurisprudence, Finance Minister Nirmala Sitharaman said while presenting the Union Budget for 2022-23. The centre could be on the lines of the Singapore International Arbitration Centre, or the London Commercial Arbitration Centre.
Biden, who during his visit to India in 2013 had set the target of increasing the bilateral trade to $500 billion.
After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts. Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 per cent expansion in the global merchandise trade volume in 2022. Exporters believe that the outbound shipments would cross $400 billion mark in this fiscal going by the current momentum and may reach $475 billion in 2022-23.
Morrison said ways to deepen bilateral trade and investment ties and harness new economic opportunities to support mutual economic recovery and growth will also be discussed at the summit.
We have a government with an extremely weak economic team advising a PM who hardly pays attention to their thoughts, says Jayanta Roy.
Prime Minister Narandra Modi on Saturday said the government "chose" to take a tough stand in the recent WTO talks as it has to protect the interest of the poor people of the country rather than to look for good publicity in the international media.
Dominic Xavier asks if the bills will really benefit farmers or if this is a ploy by the Modi government to push the agricultural sector towards privatisation.
Scindia said on Twitter the Romanian prime minister has assured his continued support to Indian students crossing the Romanian borders.
A senior police officer was on Wednesday transferred and attached with police headquarters, a step that followed an outcry over halting of fruit-laden trucks from Kashmir valley to outside markets.
Despite strong AUM growth, MFs lag behind other popular investment avenues. MFs received only 6 per cent of total household savings in 2021-2022.
Pakistan has kept trade and bus services suspended for a little over 10 days but has not publicly stated its stance.
Modi is the first Indian premier to visit the Silicon Valley and meet its top CEOs
Pakistan Prime Minister Imran Khan announced on Monday that his government will allow India to send a humanitarian shipment of 50,000 metric tonnes of wheat to neighbouring Afghanistan through its territory after finalisation of the transit modalities.
The differences between the rich and developing nations have always been at the core of the World Trade Organisation, set up in 1995 to facilitate greater trade flows across the world, and it came as a major breakthrough when the US and India reached a deal over food security issues in 2014.
The visit will provide thrust to expand bilateral cooperation
He further said the 'sacrifice of farmers has paid dividends'.
Union Minister of Agriculture and Farmer Welfare Narendra Singh Tomar to move Farmers' and Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 and Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill, 2020, in Rajya Sabha on Sunday.
The Congress on Monday alleged that a Chinese national played a 'dubious role' in the Adani Group's activities and asked the government if it was not concerned that the conglomerate may be involving that person in important defence contracts.
In its efforts to make listed firms more responsible towards investors, Sebi may announce new insider trading norms as early as next week.
Significant controls and exemptions to the government under the proposed Digital Personal Data Protection bill 2022 are likely to make it harder for companies to invest in data centres and data processing activities in India, according to global technology industry body ITI. The ministry of electronics and IT has floated draft Digital Personal Data Protection (DPDP) Bill 2022 and has invited comments on the same till January 2. "The Bill grants significant controls to the executive arm of GOI (Government of India) and delegates much of the detailed rulemaking authority to separate, as yet undefined processes.
'The pandemic had a significant impact on child trafficking.' 'With economic hardships, traffickers exploited the situation to target desperate parents and children.'
There have been four ceasefire violations along the LoC in Poonch in March.
Prime Minister Narendra Modi arrived in his Lok Sabha constituency Varanasi on Friday morning the first time after assuming charge, where he is likely to firm up plans for its development.
Indian start-ups breathed a sigh of relief after the UK government facilitated the acquisition of the now-defunct Silicon Valley Bank's (SVB's) British arm by HSBC. In a bid to allay fears, the US Federal Deposit Insurance Corporation (FIDC) announced recently that it had transferred all deposits of start-up-focused SVB to a newly created bridge bank and all depositors would have access to their money. President Joe Biden also sought to reassure jittery depositors that they can have confidence that the US banking system is "safe".
Special Judge M K Nagpal fixed May 12 for consideration of the charge sheet after the CBI submitted that the prosecution sanction against Sisodia has already been procured from the competent authorities.
After Prime Minister Narendra Modi's announcement repealing three farm laws, farmers burst into celebration and distributed 'jalebis' at the protest site on Gazipur (UP-Delhi) border on Friday.
The country's annadatas have made "arrogance bow its head" through satyagraha, Congress leader Rahul Gandhi said on Friday and described the Centre's decision to repeal the farm laws as a "victory against injustice".
A 45-year-old farmer from Punjab, who was a part of the protest against the Centre's farm laws, allegedly hanged himself from a tree near the Singhu border, the police said on Wednesday.
'Limited spillovers' to Asia's third-largest economy, even as world 'perilously close' to recession.
It would operate round the clock and seven days a week, said the Chief Minister, adding 'you can reach us on a telephone call, within a short time'.
The WTO has fixed an external reference price (ERP) for rice at Rs 3.52 per kg
No longer a discretion of the tax administrator, the audit of returns filed by taxpayers is now based on a selection by algorithms, notes Tarun Bajaj.
As a multi-agency probe into the NSE case gathers pace, the grant of preferential server and data access to select brokers and their suspected misuse are being investigated threadbare to unveil all quid pro quo arrangements in a highly-sophisticated scheme that worked like a cricket betting scandal, officials said on Monday. While the bourse has said it has taken several steps over the years to strengthen its technology infrastructure, including as per regulatory orders, the officials said certain fresh disclosures call for a detailed probe into whether a select group of individuals in high positions had banded together to make illicit gains by facilitating the preferential trading slots, beginning over a decade ago. Even a split-second faster access is said to result in huge gains for a trader.
Extending its support to Saarc Bank, Sri Lanka on Thursday said the proposed financial institution will help in alleviating poverty in the South Asian region.
'As far as contract farming is concerned, we already have a model Act and states will be encouraged to adopt them.'
Punjab Chief Minister Charanjit Singh Channi on Friday announced to provide Rs 2 lakh as compensation to 83 people arrested by Delhi Police for carrying out a tractor rally in the national capital on January 26.
'At the heart of the strategic relationship between our countries are economic ties.'
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