Rohit Nandan will continue to work as Chairman and Managing Director (CMD) of national carrier Air India for one month or till Ashwani Lohani takes over from him.
'What Jaishankar says is simplistic.' 'The past does not matter that much.' 'If we think that it does it is because we are not good enough at running the nation competently today and are searching for excuses why,' argues Aakar Patel.
Anand Sharma, who took charge of the nodal ministry for FDI on May 29, said there is no need for a relook at the policy amended in February by the Department of Industrial Policy and Promotion. While the policy does not allow overseas inflow into this sector, the changes in February were perceived to be opening the sector to FDI up to 49 per cent in an Indian firm that has a downstream subsidiary firm in retailing.
Juster played a key role in the landmark Indo-US civil nuclear deal.
Fresh guidelines issued by the Union home ministry on Wednesday permit industries operating in rural areas to run from April 30 with strict social distancing norms.
Indian small and medium enterprises are expected to emerge as major buyers of the information technology products by 2008. According to Joydeep Datta Gupta, executive director of Deloitte & Touche Consulting, any IT-led SME business transformation project could succeed only if the project was sustained.
Exports may fall below $300 bn by 2015-16 end.
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
'You have come out with a package for the kisan.' 'You have a package for industry.' 'But has anyone addressed the issues concerning small traders?'
The finance minister was speaking after launching the maiden IDF scheme of IIFCL Mutual Fund in New Delhi on Tuesday.
Telecom subscribers had it good during Rahul Khullar's watch as Telecom Regulatory Authority of India (Trai) chairman.
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.
Foreign direct investment (FDI) in India declined by about 15 per cent to $12.6 billion (Rs 74,971 crore) during April-October this year, Parliament was informed on Wednesday.
"In the last four years, 35 million pounds worth legal work pertaining to international deals have been done in India and during the same period ten times of that work was done abroad," Alison Hook, Head of International department at the Law Society of England and Wales, told PTI. Expressing her optimism that India would 'open up (its legal sector) in due course' as the country looks for expansion abroad, Hook said, "The longer it takes, India will lose more opportunities."
The West Bengal government may consider asking companies to directly purchase land for all industrial projects, including the Salim group's proposed SEZ.
In its first acquisition in India, the American online retail giant is planning to buy out the fashion portal
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.
It's important to learn from failure, and just show up the next day, and the next, till you've got it right, says Radhika Ghai, co-founder, ShopClues
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.
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 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
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.
Giving major relief to budding entrepreneurs, the government on Thursday allowed startups to avail tax concession only if total investment including funding from angel investors does not exceed Rs 10 crore.
The decision was taken by an inter-ministerial Board of Approval.
Government planning to slash the number of days required to start a business in Mumbai, Delhi from the current 26.
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.
China, while blocking India's entry into the NSG previously, has called for a two-step plan that stipulates the need for the NSG members to arrive at a set of principles for the entry non-NPT states and then move forward discussions of specific cases.
E-commerce model appears to be the best bet available to US retail giants at this point to tap the Indian market.
Sectors that attracted maximum FDI include services, trading, automobile and power.
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.
India's share in the world market for basmati rice is about 53 per cent, said the government on Friday.
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.
'The US and India continue to use their deepening relationship to build new partnerships within and beyond the Indo-Pacific.'
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.
