The private sector in India and the United States has succeeded in fostering historic trade relationships between the two largest democracies of the world, a top Obama Administration official said on Thursday.
United States President Joe Biden will travel to India from September 7 to 10 to attend the G-20 Leaders' Summit during which he will discuss with other leaders a range of global challenges, including the Ukraine conflict, the White House announced on Tuesday.
'The Constitution of India is a stumbling block. So, they want a Presidential mode of election.' 'This is the sole purpose of the BJP to go for one nation, one election.'
'But he was very quick and did a very stylish adab.' 'Of course, I didn't expect him to hug.'
Next week, US Secretary of State John Kerry travels to India for the fourth annual US-India Strategic Dialogue
A day ahead of the G20 Summit, it was not very clear whether a consensus on the text to describe the Ukraine crisis in the joint leaders' declaration was achieved with China appearing to emerge as the main stumbling block to bridge the differences on the contentious issue.
Union Commerce Minister Kamal Nath met US trade representative Susan Schwab in New York on Thursday evening. He said the meeting led to 'much more convergence' between the two countries than last year on the feisty issues relating to the WTO negotiations. The minister arrived in New York to release his book 'India's Century' and to meet Schwab in yet another bid to achieve a breakthrough on the issue of agriculture subsidies that are at the core of WTO negotiations.
Ratio trading in gold and silver prices is a trading tool.
Notwithstanding the fact that the country's pharmaceutical (pharma) pricing regulator has allowed a 12 per cent price increase for medicines listed under the National List of Essential Medicines (NLEM) in 2023, analysts and industry insiders predict that the overall domestic pharma industry will only witness a price hike of 5-6 per cent. This is attributed to higher competitive intensity in the market. Krishnakumar V, executive director and chief operating officer (CEO) of Eris Lifesciences, a domestic-focused pharma company, noted that the NLEM segment experienced growth suppression of around 150 basis points due to price reductions during the January to July period this year.
Indian mangoes are all set to be shipped to the American market in the next few days after the United States decided to allow import of the delicious fruit.
Commerce and Industry Minister Anand Sharma will meet new US Trade Representative Ron Kirk at Bali in Indonesia on June 6-7, on the sidelines of the meeting of the Cairns Group of farm product-exporting countries. The two countries have serious differences on the level of protection that can be given to farmers as and when the global market for farm products is opened up. India has argued all along that it cannot compromise on food security and livelihood concerns.
The US has asked India and Brazil, the two developing economies, to bring 'more' to the table at Doha by way of 'increased responsibility' and 'positive contribution'. "India has a long and proud and powerful tradition as a leader in the North-South issues, debates. The fundamental difference between the Doha Round and the previous trade Rounds is that this is not a North-South issue.
Acting Foreign Minister of Afghanistan, Amir Khan Muttaqi, on Wednesday arrived in Islamabad, his first visit to the country, as part of efforts by the two sides to reset their ties in the wake of the Taliban's takeover of Kabul.
The joint venture of Jio Financial Services and BlackRock to foray into India's asset management space could be disruptive but not disastrous for incumbent industry players, analysts said on Thursday. As an investment strategy, analysts suggest investors stay put in shares of those AMCs that consistently improve business metrics, and where market capitalisation-to-asset under management (AUM) valuation is not stretched. However, growth expectations of incumbent players may get trimmed in the medium-to-long term, analysts said, once the Jio-BlackRock JV unveils its plans, discounting the looming challenge as significant enough to dent their profitability.
A young couple sharing a laugh - in the living room over a Polish joke book, on the beach, in the rain - with the tagline, "Made for each other", hung from billboards at prominent street corners from the 1960s to the 1990s. It was a campaign for one of the largest selling cigarette brands in India, Wills (Navy Cut) from the ITC stable, that resonated with a generation of smokers and non-smokers alike till the curtains came down on tobacco advertising in 2004. As we prepare to welcome 2024, ITC has metamorphosed from a tobacco giant into a conglomerate straddling multiple large-sized businesses. In the mind space of Gen Z or millennials, the company represents a gamut of branded products - from frozen food (ITC Master Chef), noodles (YiPPee!), and cookies (Sunfeast) to snacks (Bingo!) and notebooks (Classmate), and so on and so forth.
Commerce and industry minister Anand Sharma warned against protectionist measures resorted to by developed countries saying those measures would further deepen recession and delay a recovery in the world economy.
Among the major ones are fewer restrictions on market access for US medical device manufacturers, as well as access for other key products.
In an effort to attract investors to the Social Stock Exchange (SSE), the bourses have reached out to the Securities and Exchange Board of India (Sebi) and the government with the industry's demand for additional benefits on contributions made towards social enterprises through the platform. SSE is a regulated platform to facilitate organisations working towards social causes to raise funds and have access to higher capital through the bourses. The platform is aimed at becoming a meeting ground for donors and social enterprises.
Prince Charles will represent Queen Elizabeth II, ceremonial head of the Commonwealth, at the Opening Ceremony of the Games on Sunday.
The US hails the landmark 'India-Middle East-Europe Economic Corridor' which will usher in a new era of connectivity from Europe to Asia and will stimulate economic growth across the two continents.
With global trade talks struggling to make some headway, the US on Tuesday declined to improve its offer for reducing farm subsidies and instead sought greater market access in other developed countries such as the European Union.
The United States has approached the World Trade Organisation against India over the high customs duty it imposes on import of wine and distilled spirits.
'If we play our cards right, we may even benefit from the competition between the US and China as seen from increased investment from each of these countries into India.' 'The size of our market gives us an important lever of power which we shall have to play adroitly and intelligently,' points out Ambassador Gautam Bambawale -- who served as India's envoy to China -- in the Professor V M Dandekar Memorial Lecture 2019, delivered on March 8, 2019 in Pune.
India's drug policy of stringent price control regime is a major concern for United States industries because it creates obstacles to maintaining viable businesses in the country, according to a report by the United States Trade Representative.
The top Obama Administration official said the US will negotiate agreements that commit its trading partners to protecting American intellectual property, such as the Anti-Counterfeiting Trade Agreement and the Trans-Pacific Partnership.
Modi is visiting the African country from August 22 to 24 at the invitation of South African President Cyril Ramaphosa. South Africa is hosting the first in-person summit of BRICS comprising Brazil, Russia, India, China, and South Africa, since 2019.
The unions would give the notice for strike to the Government on August 4, All India Trade Union Congress' Andhra Pradesh unit General Secretary P J Chandrasekhar Rao told reporters in Vijayawada on Wednesday. Prior to that, the union representatives would meet here on July 21 to finalise their stragegy for the stir, he said. The strike call has been given by 56 unions and their affiliated units which have prepared a seven-point charter of demands, Rao said.
There is a growing sentiment in the world and the global South in a way embodies it. But there's also political resistance, he said.
Terming an American proposal to increase visa fees as discriminatory, Commerce and Industry Minister Anand Sharma on Tuesday said the increase would cost Indian firms $200 million extra a year and make them less competitive.
US said access to affordable health care entails a large number of factors from rates, logistics to insurance reforms.
The proposed policy is increasingly becoming an item of negotiation, as the US pushes hard to change India's stance.
The RBI raked in a massive net income gain from foreign exchange currency sales as a buffer for the rupee during tumultuous geopolitical upheavals last year owing to Russia's invasion of Ukraine.
If the United States has its way in the World Trade Organisation, Indians may soon be able to savour the famed Californian wine for a much lesser price.
A seven-city European roadshow by the Abu Dhabi Tourism Authority (ADTA) looks certain to reap dividends by the end of the year, even as Emirate plans a similar event in India.
