India is negotiating for a comprehensive economic partnership agreement with Malaysia and Japan and a broad based trade and investment agreement with the EU.
Four new retailers from US, two from Germany may have shown interest in setting up shop in India.
Currently, 100 per cent FDI is permitted in brownfield pharma firms through clearance from the Foreign Investment Promotion Board.
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India-European Union Broad-based Trade and Investment agreement came up for discussion in a meeting between Sharma and visiting Netherlands Minister of Foreign Trade and Development Cooperation Lilianne Ploumen in New Delhi.
The Cabinet on Thursday approved the stand taken by India at the recently concluded WTO meeting in Bali which endorsed New Delhi's point of view with regard to food security plan and trade facilitation pact.
India's IT services sector witnessed 4.2 per cent growth in 2012-13.
Keeping in view the approaching Lok Sabha elections, the All Indian Congress Committee has appointed a battery of high-profile spokesmen for the Congress to showcase the achievements of the last 10 years of United Progressive Alliance government and publicise the various sectors where the UPA has performed. Renu Mittal reports
India and China took their economic relationship a step forward today, signing a memorandum of understanding on 'Expansion of Trade and Economic Cooperation' and recognising the need for "balanced trade".
The talks for normalising trade had begun in November 2011.
All those in the Union council of ministers with two portfolios are likely to lose at least one and major administrative changes are expected in a Cabinet reshuffle due on October 28 or 29 on the return of President Pranab Mukherjee from Durga Puja celebrations in West Bengal.
Union Minister for Commerce and Industry Anand Sharma has shrugged off the recent irritants that have cropped up less than six weeks before US President Barack Obama makes his visit to India as 'transient negativity', and predicted they would 'get dissipated' soon.
The centre will be cautious in withdrawing the fiscal stimulus packages given to key-sectors and will do so only after ensuring growth is sustainable in the economy, Union Minister for Commerce and Industry Anand Sharma said.
The chief minister said that he had received Sharma's letter regarding the union cabinet's decision for liberalisation of the Foreign Direct investment policy in multi brand retail.
US President Barack Obama would meet Prime Minister Manmohan Singh on the sidelines of the G-20 Summit in Toronto, a top Indian official said Wednesday. "The Prime Minister would be traveling for the G-20, he will be meeting President Obama," Union Minister of Commerce and Industry Anand Sharma told Indian media-persons in Washington.
The development of the industrial corridor will bring about a revolution in the use of green technologies.
In a major reform push, government on Thursday approved 100 per cent foreign direct investment (FDI) in the telecom sector, meeting a key demand of the fund-starved industry.
India did not yield any major ground on trade facilitation while it managed to successfully push its stand on food security issues through the WTO meeting in Bali, a top official said.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
President Pranab Mukherjee will be among over 90 heads of state and government who will attend an emotional memorial service in South Africa on Tuesday for anti-apartheid legend Nelson Mandela, making it one of the largest such gatherings in generations.
The target of $500 billion in bilateral trade by 2020 is doable, feels Anand Sharma.
The first such proposal in the sector has come from the joint venture between Tata-Trent and Tesco Plc, which will open outlets simultaneously in these two states.
Shashi Tharoor has also been retained as the chairman of the panel on Information Technology.
China, Indonesia ready to agree to a four-year interim solution.
The nomination process began in Varanasi for the most keenly watched Lok Sabha elections, with Congress candidate Ajay Rai, who is pitted against BJP's prime ministerial candidate Narendra Modi and Aam Aadmi Party convenor Arvind Kejriwal, filing his papers after offering liquor to Lord Kaal Bhairav as per local tradition.
The number of disgruntled leaders in the party is swelling.
No one's quite sure on the retail FDI issue in this regard, after the new Rajasthan and Delhi governments cancelled the approvals given by their predecessors
Seeking to spur foreign investments, Finance Minister P Chidambaram has said the Union Cabinet will decide on raising FDI caps in different sectors in the third week of this month.
The country has also asked India to further reduce tariffs on goods.
As hard bargains continue for the next four days at the picturesque tourist resort of Indonesia, the ministers., including from the influential developed countries will try and reach agreements on providing windows to the developing nations for their food security programmes and a pact to free the global trade from the procedural hassles at the customs.
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Trade ministers and diplomats from around 130 countries are participating in the four-day meeting that started on Tuesday.
Refusing to budge from its tough stand on food security issues, India pressed for a fair and balanced outcome of the WTO ministerial meeting in Bali.
Union Minister for Rural Development Jairam Ramesh continues to be the rising star in Rahul Gandhi's Congress. With the Congress war room at Gurdwara Rakabganj Road being re-designated as the Congress Coordination Centre, Ramesh has been appointed as the convenor of a small group which would look after the co-ordination work for the 2014 Lok Sabha elections.
UK's largest retailer Tesco, Singapore Airlines and Etihad queued up to invest in India as a persistent UPA threw open more sectors to foreign investments with indications of more big ticket deals to be announced in the new year.
Narendra Modi could be in for a tough fight in Varanasi with the Congress declaring its resolve to put up a formidable candidate against the Bharatiya Janata Party's PM nominee in the Lok Sabha polls and ruling out support to the Aaam Aadmi Party's Arvind Kejriwal.
Phase-I of the ambitious Delhi-Mumbai Industrial Corridor project entails an investment of Rs 17,319 crore(Rs 173.19 billion) and is poised to generate 330,000 jobs.
Congress strategists are worried that if it focuses too much on the Tehelka issue, it could end up diluting its ongoing campaign against Gujarat Chief Minister Narendra Modi on the snooping allegations. Anita Katyal reports
As a row erupted over his meeting with Mumbai terror attacks mastermind Hafiz Saeed, journalist Ved Pratap Vaidik, considered close to Baba Ramdev, on Monday rejected suggestions by Congress that he might have acted as government's envoy, saying he was "nobody's envoy but my own".
'The dragon is Narendra Modi. While it may be harsh -- a tad -- to say that it was sleeping, it is fair to say that the government's approach in tackling corruption cases was lackadaisical.' 'By choosing corruption as an issue the Opposition has goaded the Treasury benches to return fire -- and the BJP has more potent ammunition,' says T V R Shenoy.
The prime minister is likely to talk about its possible extension.
The Congress, however, said it wanted to see the final print on the wording of the dispute resolution mechanism before committing its support to the Bill
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