Reserve Bank allowed banks to invest in long-term infrastructure bonds.
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India-European Union Broad-based Trade and Investment agreement came up for discussion in a meeting between Sharma and visiting Netherlands Minister of Foreign Trade and Development Cooperation Lilianne Ploumen in New Delhi.
In a major relief to Indian information technology (IT) companies operating in Australia, Canberra has agreed to amend its domestic laws to stop taxing offshore income of such Indian companies, as part of the free trade deal inked. This may lead to savings up to $200 million each year for over 100 Indian IT companies operating in Australia. "The Government of Australia has agreed to amend the domestic taxation law to stop the taxation of offshore income of Indian firms providing technical services to Australia. "This will resolve the issue that the Indian government has raised about the double taxation avoidance agreement (DTAA) between the two governments for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income," said a commerce ministry official.
Amjed Ullah Khan, who carried out investigations of his own and helped rescue 15 women from Hyderabad, tells Syed Firdaus Ashraf/Rediff.com how the women get trapped in an underground slave market that 'sells' them to employers who force them to work for less or no pay and often under inhuman conditions.
Trade between Australia and India stands at around $15 billion a year, or just a tenth of that between Australia and China.
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Modi has plenty of opportunities to test out his strategy. Chinese President Xi Jinping and Australian Prime Minister Tony Abbott will visit India this month, and Modi will fly to Washington towards the end of September for a summit with US President Barack Obama.
Terming his discussions as 'fruitful and productive', Modi said the discussions were wide ranging, covering the entire spectrum of the bilateral engagement.
India believes no country would emerge victorious in the Russia-Ukraine war as all will suffer losses and there will be a "more serious" impact on developing and poor countries, Prime Minister Narendra Modi said on Monday after holding talks with German Chancellor Olaf Scholz as both leaders reiterated the need for an immediate cessation of hostilities.
India on Monday joined a US-led initiative to set up an Indo-Pacific Economic Framework to bind partner countries to achieve common goals, with Prime Minister Narendra Modi asserting that New Delhi will work with the stakeholders to make it an "inclusive and flexible" structure to pave the way for development, peace and prosperity in the region.
Textile stocks have exhibited a mixed performance so far this calendar year (CY23), amidst higher domestic cotton prices and tepid global demand. Shares of Page Industries, Dollar Industries, Lux Industries, and VIP Clothing have declined up to 13 per cent so far in CY23, as against a 9 per cent jump in the S&P BSE Sensex. On the contrary, shares of Arvind, Welspun India, Raymond, and Gokaldas Exports have gained up to 51 per cent, during the same period.
India and China signed on Tuesday 13 agreements, including one for encouraging two-way investment flows and another for streamlining iron ore exports, as part of efforts to take bilateral ties to a higher orbit.
Prime Minister Narendra Modi on Sudnay arrived in Tehran on a two-day visit.
Sawai, a former banker, is a close aide of former Congress president Rahul Gandhi and heads his research team.
Investors expect more investment-friendly policies opening up more sectors for foreign direct investment
'India will soon have the world's largest and youngest population -- just imagine what tomorrow's citizens of India will be able to accomplish, given the right education, training, and opportunity.'
Sri Lanka on Thursday signed an agreement with India to jointly redevelop the strategic World War II-era oil tank farm in the island nation's eastern port district of Trincomalee, in a new milestone in bilateral economic and energy partnership.
On the agreement of Uranium exports to India from Australia, he said the two countries were working on it and there has been 'good progress'.
Swiss building material major Holcim has said its $6.38 billion deal with Asia's richest man Gautam Adani's group is tax-free. Holcim had on Sunday signed a binding agreement with the Adani Group to sell its business in India -- about a 63 per cent stake in Ambuja Cement, which owns a 54.53 stake in ACC (of which 4.48 per cent is direct shareholding). "So, according to our analysis, it is a tax-free transaction," Holcim CEO Jan Jenisch said while addressing investors after the deal on Monday." When asked about the tax implications, he said: "Never know if any complication arises, but we assume that we will get the 6.4 billion Swiss Francs as net proceeds." As per the deal, Adani Group will acquire Holcim's full stake in Ambuja Cement and ACC for CHF (Swiss franc) 6.4 billion ($6.38 billion).
The Chinese side hopes that the next US administration will return to a sensible approach, resume dialogue with China, restore normalcy to the bilateral relations and restart cooperation, Wang, who is also a state councillor, told the state-run Xinhua news agency in an interview.
'Narasimha Rao asked me why China was doing so well in attracting foreign investments and I gave my frank opinion.' 'I told him that giving thrust to exports had to be a national effort.' 'But in India, the system was very centralised in the Government of India and the state governments had no role to play.'
As US President Joe Biden launched a new trade deal with 12 Indo-Pacific nations, including India, to enhance trade, economic and investment opportunities, China, which sees the pact as a threat to its dominance in the region, went on the offensive against it, promising more opening up, while the official media here termed it as "economic Nato".
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.
A group of lenders to educational technology (edtech) giant Byju's has told the firm that they're open to negotiations with the company to resolve litigation and other disputes, according to people familiar with the matter. However, they have told Byju's that they will not engage in the firm's proposal for one-on-one meetings, according to sources. Byju's recently filed a suit against US-based investment management firm Redwood to challenge the acceleration of the $1.2-billion Term Loan B (TLB) facility, and disqualify the lender for its "predatory tactics".
The commitment by Japan to invest $35 billion or 3.5 trillion YEN is for infrastructure sector over five years.
Recalibration is required as some items of interest to Britain may have to be removed
Gambling debt, stock tip lead to $1 million settlement but no charges for golfer Phil Mickelson.
His visit to India followed a few cancelled plans since he took office in July 2019 due to the coronavirus pandemic crisis, with the two leaders holding several virtual talks and eventually meeting in person on the sidelines of the COP26 climate summit in Glasgow last November.
Swaraj is in Bahrain for a two-day visit to attend the first ministerial meeting of the India-Arab League Cooperation Forum to be held on Sunday.
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Kerry said this in a newspaper article co-authored by US Commerce Secretary Penny Pritzker.
The 104-storey building's opening marks an emotional milestone for the United States.
'The Modi visit will prove to be the watershed where India and the United States commenced technology trade and transfer.'
Gupta is scheduled to be released from prison in March, 2016.
Around 25,000 delegates came, from 110 countries.
To participate in an OFS, investors will have to open a trading A/C
With developments like the Russia-China alliance and the rise of China in the Middle East, India's role has diminished though the India-Israel-US-UAE grouping may assume some importance in the future, observes Ambassador T P Sreenivasan.
'At a time when the entire India-US relationship needs to be defined by President Trump and Prime Minister Modi, a fresh look at the liability issue has become urgent,' says Ambassador T P Sreenivasan, former Governor for India at the IAEA.
India's role as a leader of the global south may require it to give up its ambition to serve as a bridge between the warring halves of the international community, points out Mihir S Sharma.
In an article published in the Sunday Telegraph as she left for India for her first bilateral visit outside the UK, she said plans to promote the best of Britain during her three-day trade mission to New Delhi and Bengaluru.
A federal body began a hearing on the impact of Indian trade policies on US businesses wherein American bodies and advocacy groups slammed India for its trade practices, alleging they hit their jobs and business.
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