Days after the government went public with its intent to examine a Sebi order in the NSE matter, its outgoing chairman Ajay Tyagi on Wednesday made it clear that the markets regulator did not "dilute" any of the quasi-judicial verdicts. The comments assume significance as they come after Finance Minister Nirmala Sitharaman, as per reports, recently said the government is examining if Sebi has taken "necessary punitive" action in the case. In a media interview, the FM had said the government was analysing if there had been "enough application of mind in dealing with this" and if after applying its mind, Sebi took adequate corrective steps.
Jointly organised by the Indian Merchants Chamber (IMC) and the Europe India Chamber of Commerce, the 'India Calling' conference is a rare effort by Indian industry to brand India at a EU level.
The Centre is looking to convene a meeting of the all-powerful Goods and Service Tax Council in early January. The meeting is likely to focus on rectifying the inverted duty structure for a few more items and will also serve as a platform for pre-Budget discussions between Union Finance Minister Nirmala Sitharaman and state finance ministers, Business Standard has learnt. "The current Winter Session of Parliament ends on December 23, followed by the Christmas-New Year period. "After that we would like to have a meeting of the GST Council, depending on whether there can be a quorum," a top government official said.
....a long-term boundary agreement is reached between the two countries.
The commerce and industry ministry may withdraw incentives offered to certain export-oriented industries and reallocate these to the sectors that are struggling for survival after a review in April.
The farm sector's contribution to Indian economy is just around 20 per cent and rural India is in a shambles.
The summit would be organised by the Indo-American Chamber of Commerce.
'The Arunachal border is not demarcated in that way, so there can be differing perceptions (between two sides)'
Talks for an India-European Union free trade agreement started in 2007 and the eighth round of negotiations was completed in New Delhi last month.
The Tata group is looking to make a foray into semiconductor (also known as chips) manufacturing and it has set up a business to seize the opportunity, Chairman N Chandrasekaran said on Monday. "At the Tata group, we have already pivoted into a number of new businesses like electronics manufacturing, 5G network equipment as well as semiconductors, in all probability," he said while speaking at the annual general meeting of the IMC Chamber of Commerce and Industry. Chandrasekaran said global supply chains, currently heavily dependent on China, would see a big change in a post-pandemic world with businesses shifting their reliance to other countries.
Prime Minister Narendra Modi on Friday told US President Joe Biden that he has brought documents to prove that the Bidens in India were related to him, as the two leaders jokingly discussed the matter during their first bilateral meeting at the White House.
Devas Multimedia has seized $87,457.47 cash that ISRO's commercial arm Antrix Corporation held in the US as it looked to enforce a $1.2 billion compensation it had won over a cancelled satellite deal, its lawyer said on Wednesday. Devas Multimedia America Inc had sought seizure of $145,000 but the actual recovery was $87,457.47 (a little less than Rs 70 lakh). This came after it secured a favourable order from the Eastern District Court of Virginia, Matthew D McGrill said.
The Youth Economics: Career Expectations survey by PHD Chamber of Commerce and Industry paints an optimistic picture.
In an open letter to Prime Minister Manmohan Singh and to Union Commerce Minister Anand Sharma, the industry body has outlined its view on the climate change negotiations based on Indian industry's feedback and called for the prime minister to urge the developed world to provide technology transfer and funds to help mitigate the crisis.
Improved sentiment because of a stable government to push demand, says Knight Frank.
Bharti Airtel boss Sunil Mittal already heads the Confederation of Indian Industry (CII). Former BPL Mobile boss Rajeev Chandrasekhar is slated to take over as Federation of Indian Chambers of Commerce and Industry (Ficci) president.
Narendra Modi is to hold summit-level meetings with the heads of more than 50 African nations on Thursday.
With the Sharif family set to return to power in Pakistan amid the fast-deteriorating economic situations and political instability, it is to be seen if Shehbaz Sharif infuses fresh energy into the system, or the much-tainted family continues to resort to its old ways.
For 2016, India's rank in ease of doing business has improved.
In a statement a couple of days ago, the business chamber said, 'The Indo-US civilian nuclear initiative will bring India into the international nuclear non-proliferation mainstream and enhance the safety of India's civil program. The initiative will also help to revitalize the US nuclear industry and create thousands of high-tech American jobs.'
One reason for the surge in cases is the spread of infection at large weddings. Weddings turned out to be super spreaders.
'You can choose who you would like as your showstopper.' 'You have the freedom to create your own background -- sun, moon and the stars, which may sometimes not be possible in a physical show.'
Investments of Rs 47,000 crore under implementation.
"In devising a new strategy for reaching the $10-billion trade mark, the growing importance of regions of the Russian Federation needs to be understood," Secretary General of India-Russia Chamber of Commerce Pripuran Singh Haer said in New Delhi.
The government said on Tuesday the Reserve Bank of India would consider the US demand for relaxing the branch opening norms for foreign banks in India as per the roadmap prepared by the country's central bank.
United States assured Indian companies on Wednesday of a pie in the huge sub-contracting business offered by the reconstruction work in the war-ravaged Iraq, Association of Indian Chambers of Commerce said.
Veteran banker K V Kamath on Friday said it is "time to be brave" for the government, and it should stretch the fiscal deficit target set in the budget if need be, to push growth. He said benign interest rates of under 8 per cent and abundant liquidity are also necessary to seize what he called as a 25-year growth runway opportunity awaiting the country. The government has targeted to get the fiscal deficit at 6.8 per cent for FY22 in the Budget presented early this year.
Bilateral trade between India and Japan stood at $16.31 billion by the end of fiscal 2013-14.
Lobby group tells USTR it has got assurance from India on compulsory licensing.
At the Ficci meet, the Gujarat chief minister says 'tax terrorism' in the country is inherently venal; calls for discussion on economic reforms.
Here's what your favourite celebrities have been up to.
The company is preparing Information and Communications Technology master plan for four smart cities proposed under the DMIC project.
Narendra Modi's coming to power will not make any difference to Pakistan's trade ties with India, says Zubair Ahmed Malik, president of the Federation of Pakistan Chambers of Commerce & Industry.
The government will use the Supreme Court order calling the 2005 deal between ISRO's commercial arm Antrix and privately-owned Devas Multimedia a fraud, to counter seizure of its properties, Finance Minister Nirmala Sitharaman said on Tuesday as she launched a blistering attack on the Congress for handing over airwaves used by the defence to the private firm for pittance. "It is a fraud of Congress, by Congress (and) for Congress," the minister told reporters as she read out paragraphs from the Supreme Court's January 17 decision allowing winding up of Devas Multimedia because of the fraud.
Among the sectors seen as most vulnerable to corruption are the government and the public sector, infrastructure, real estate, metals, mining, aerospace, defence, power and utilities.
Indian small and medium enterprises (SMEs) are set to go global with opportunities flowing in from all corners. After SMEs from Germany and the UK, the US has expressed willingness to invest and explore possibilities of technology transfer to Indian SMEs.
Pakistan should fully implement the roadmap for normalising economic cooperation with India, including granting it the Most Favoured Nation-status, Indian High Commissioner Sharat Sabharwal has said.
The US Chamber of Commerce urges US lawmakers to revamp job-based Green Card and H-1B programmes.
