A revamped Electronic Data Interface system and easier norms for the Accredited Clients Programme are some features likely to be introduced to reduce the transaction time and costs of exporters. Some of the measures may figure in the annual supplement to the Foreign Trade Policy, which is being released on Apr 11. ComMin officials expect the new Electronic Data Interface System to become operational by the end of this fiscal. Exporters will have to submit lesser documents.
'The US and India continue to use their deepening relationship to build new partnerships within and beyond the Indo-Pacific.'
The West Bengal government may consider asking companies to directly purchase land for all industrial projects, including the Salim group's proposed SEZ.
With bilateral border trade through the historic Silk Route between India and China remaining open for one more month, the export turnover from India is likely to increase substantially. Annual border trade, which this year commenced three weeks after the scheduled date, had started on a tepid note to record a thin volume in the first two months, but the business picked up subsequently.
Government planning to slash the number of days required to start a business in Mumbai, Delhi from the current 26.
This decision will come as a relief to Essar's multi-product port-based SEZ project in Hazira as well as of Adani Group's zone in Mundra, which the revenue department felt was not built on vacant land when it was notified, and hence it had violated the law. Both the zones are in Gujarat.
The decision was taken by an inter-ministerial Board of Approval.
Tourism boards have turned innovative in radio advertising when it comes to promoting their destinations among Indian travellers.
According to data released by the Sikkim commerce and industries department in Gangtok, utensils including copper bowls fetched a revenue of Rs 900,000 for Indian traders during four months of trade at the Renquinggang mart. Other products like black tea, textiles, woollen shawls, canned food, vegetable oils and cigarettes were in demand from importers.
The United States on Monday said India 'missed' a major opportunity to get a liberalised regime for the much sought-after H1B visas by not agreeing to Doha deal in Geneva this July.
The government has decided to set up a joint venture company with industry body Ficci for encouraging investment in the country."The Invest India company, a joint venture between the department of industrial policy and promotion and Ficci, would be funded by the government and managed by the chamber," commerce and industry Minister Kamal Nath said
Since much of the voting was on religious lines, Mamata's rural focus became irrelevant.
Sectors that attracted maximum FDI include services, trading, automobile and power.
Coming out strongly in defence of foreign direct investment in retail, the ministry of commerce and industry has told the Prime Minister's Office that there is no empirical evidence to suggest that organised retail would adversely impact small retail
According to Sanjeev Chopra, secretary of the horticulture and food processing department of West Bengal, steps were being taken so that exporters from the state could sell overseas at least 1 per cent of the total state produce through the AEZs.
E-commerce model appears to be the best bet available to US retail giants at this point to tap the Indian market.
In a move that is being seen as a snub to Walmart, Commerce and Industry Minister Anand Sharma on Thursday cancelled a meeting with US retail giant's Asia head Scott Price.
Departments of electronics, excise, I-T launch probe into Rs 251 smartphones
She said Finance Minister Arun Jaitley is working "hard" on the Bankruptcy Code
Megatech Engineering & Services Pvt. Ltd. and three of its senior officials -- Ajay Ahuja, Ravi Shettigar and T K Mohan -- have been placed in the Denied Persons List of the Bureau of Industry and Security of the Department of Commerce and formally notified in the Federal Register.
India's share in the world market for basmati rice is about 53 per cent, said the government on Friday.
'The belief that FDI will shift from China appears to be a strategy of politicians to keep the media busy, chasing irrelevant news to ward off pressure and questions about the government's plans to deal with COVID,' observes Debashis Basu.
Exports are slowing and economic growth in major markets for Indian goods has taken a hit.
The Department of Industrial Policy and Promotion has been working on the draft for the last several months. The areas coming up for review may include sports goods and airport ground handling services, besides gas and petroleum.
"What is required is to convince the NSG of the non-proliferation benefits of the deal," Stratford, director at the Office of Nuclear Energy Affairs in the US State Department, said.
Businesses that are engaged in both taxable and non-GST supply have re-structured themselves into separate entities to avoid elaborate compliance, says Sudipto Dey.
The purpose of the delegation is to concretise relationships between the private sector in India and US universities, in hopes of a mutually beneficial partnership.
These top level changes have come soon after Flipkart co-founder and Group CEO Binny Bansal resigned over allegations of serious personal misconduct in November.
The government is considering to tweak FDI policy in retail sector so as to allow global chains like Walmart, Carrefour and Tesco to open multi-brand stores in non-hilly cities with population less than one million.
After India filed its complaint at the WTO in 2012, the dispute settlement panel of the body in July this year had ruled in India's favour against the USA's imposition of higher duties on New Delhi's steel imports.
Chairing an exclusive roundtable with 42 global CEOs and top executives from across 20 sectors, Modi stressed on continued political stability in India, predictability of policy, and pro-development and pro-growth policies.
Services attracted the most FDI during the first eleven months period of 2015-16.
Though it has been a year since Nathula in East Sikkim was reopened after over four decades for border trade with China, trading activities are yet to pick up through the route.
India's shrimp exporters heaved a sigh of relief last week following the decision of World Trade Organisation's anti-dumping panel to set July 24 as the deadline for the final hearing on the issue.
The Department of Business Economics, University of Delhi, invites applications for admission to its Masters Programme in Business Economics.
'The SJM has requested the government to bring a change in the law which will ensure MSP as the floor price for all farmers below which nobody should buy anything from them.'
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