The commerce ministry has sought a review of foreign direct investment policy in the pharmaceutical sector, in the light of recent takeovers of domestic companies by multinationals.
'You have to explain to them about Indian investments in the US creating jobs this reverse outsourcing'
The company has pointed at the possibility of fines and financial penalties.
A closer look at the data reveals that a lot of the items are not part of this calculation. The notable ones include buffalo meat, marine exports, raw cotton, and plantation crops such as tea, coffee, rubber, etc.
With the abolition of the Foreign Investment Promotion Board (FIPB), Amazon's proposal will now be vetted by the Department of Industrial Policy and Promotion (DIPP) under the commerce ministry.
Nepal is testing Nestle's Maggi noodles imported from India for lead content and may impose a ban on the popular instant snack if the level of toxic chemical is found to be above permissible limit, officials said.
With expectations of customers changing and demand for seamless, uninterrupted shopping increasing, tech companies are now using this fear of becoming irrelevant as a sales pitch to sell their products to traditional retailers.
Farmers' protest against the three farm laws passed by the Centre has entered its 23rd day on Friday. "We are preparing ourselves for a longer stay as our fight against black laws will continue. It's getting colder, so we're putting more tents," said a protester.
Aiming to push India into the list of the top 10 agri export nations, the policy has been backed by the Prime Minister's Office
The country's exports are expected to contract by 5.8 per cent and imports by 11.3 per cent during the second half of the current financial year, though implementation of several measures by the government would help support exports going forward, according to the Economic Survey 2021. With gradual recovery of economic activities, the survey said that imports and exports have picked up. During the first half of 2020-21 (April-September), exports dipped by 21.31 per cent to $125.25 billion while imports declined by 40 per cent to $148.69 billion.
Real consumer spending grew four per cent at an annual rate in the third quarter, substantially up from the 2.6 per cent pace during the preceding four quarters
'Aquaponics can effectively cushion the impact of a calamity like COVID.'
India's first home-grown mapping company MapMyIndia is looking to list in the public market by raising around Rs 1,200 crore at a Rs 6,000-crore valuation. Sources said the company is ready with its draft red herring prospectus documents and is likely to file as early as next week. While the money will be used for business expansion, it will also give MapMyIndia's early investors, including Qualcomm, PhonePe, and Japanese mapmaker Zenrin Co., a chance to exit. The Verma family, which founded the company, will continue to remain promoters.
However, the ministry of law opined that though there is no specific provision in the SEZ Act and Rules, the power to notify includes power to de-notify also, sources said. Industry experts said that the SEZs which are finding it difficult to continue should be allowed to quit.
While Road Transport Minister Nitin Gadkari has been dropped, the panel now has four ministers - Shah, Finance Minister Nirmala Sitharaman, Commerce and Railway Minister Piyush Goyal and Civil Aviation Minister Hardeep Singh Puri.
The decision was taken to prevent crowding at shops and marketplaces amid the lockdown to contain the coronaviruspandemic, a statement from Thackeray's office said.
As many as 44 shareholders of Flipkart sold their holdings to Walmart. The income tax law requires the buyer to withhold tax while making payment to the sellers, in case they are not exempted from levy of capital gains tax.
Shoppers Stop is looking to open four new stores this year and plans to invest Rs 120 crore.
Department of Economic Affairs secretary Atanu Chakraborty said that equity capital flows have been positive this year.
India proposes to take the US to WTO against the latter's visa fee hike, which discriminates Indian software companies from American firms.
While India does not figure in the top 10 export destinations for Pakistani goods, it serves as a crucial channel for select goods such as leather hides and cheaper variants of fertilisers that are generally procured by importers at short notice.
A sample study conducted for the period August-October 2008 by department of commerce for 121 export related companies also revealed loss in export orders to the tune of Rs 1792 crore (Rs 17.92 billion), he said during Question Hour in Lok Sabha.
Total outflow and inflow of foreign investment in general for 2014-15 fiscal was $6.42 bn and $75.71 bn, respectively
IT, e-commerce firms to raise the bar in recruitment, packages.
India Today's annual list ranks the top 100 colleges in the country.
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.
Registering a jump of 10 places in the rankings, Uttar Pradesh occupied the second position in 2019 as against 12th in 2018.
From Covid-19 essentials, such as Vitamin C supplements and thermometers, to bicycles, laptops, and personal weighing scales, demand for certain items galloped during last financial year as the pandemic altered what Indians used on a day-to-day basis. Imports of outdoor sports equipment, handbags for women, and dentures, among others, plummeted. With outdoor activities coming to a halt last year and schools functioning virtually, imports of sports goods witnessed a decline, while inbound shipments of laptops and battery chargers saw a sharp uptick, according to the import data for the financial year 2020-21.
One reason for the surge in cases is the spread of infection at large weddings. Weddings turned out to be super spreaders.
Rediff reader Kiran Mestry, 49 from Mumbai tells us how her first salary changed her life.
According to an official statement, the FDA has determined that the Moderna COVID-19 vaccine has met the statutory criteria for issuance of an emergency use authorisation (EUA).
The cover provided under the Centre's Pradhan Mantri Suraksha Bima Yojana, which is a vital safety net for them, ended almost a year back on May 31, 2020. Ever since, there hasn't been much progress on the higher insurance coverage of Rs 5 lakh promised under the newly launched Pradhan Mantri Matsya Sampada Yojana, reports Sanjeeb Mukherjee.
Violation of the provisions entails a punishment of a jail term of up to five years or with fine up to Rs one crore or with both.
United States Secretary of State John Kerry will arrive in New Delhi on July 30 on a three-day visit during which he will hold talks with Indian leaders on a range of key bilateral, regional and global issues of mutual interest besides co-chairing the fifth India-US Strategic Dialogue.
Two of the US Cabinet members -- Education Secretary Betsy DeVos and Transport Secretary Elaine Chao -- have resigned over the storming of the Capitol by Trump supporters. US Capitol Police Chief Steven Sund has also announced that he would resign this month after he faced criticism for failing to prevent Trump supporters from storming the building.
Consumers and businesses can tweet to communications minister Manoj Sinha (@manojsinhabjp) using #DOTSeva, #BSNLSeva, #MTNLSeva, and #PostalSeva.
India has an early harvest scheme with Thailand. Under this, gold jewellery is imported at a duty of one per cent.
'The rail network all across the state of Punjab is presently totally clear for uninterrupted movement of goods trains,' a home department statement said in Chandigarh. However, hours after the Punjab government's statement, the Railways accused it of 'misguiding' people over the extent of blockade of rail tracks in the state by the protesting farmers.
Balance with the United Kingdom shifted from a deficit of $0.5 billion to a surplus of $0.5 billion in March
