Biden, the first US Vice President to visit India in three decades, welcomed relaxation of foreign direct investment norms in certain sectors but said a lot more needed to be done to remove trade barriers.
The government on Friday put on hold the preferential market access (PMA) policy that provided for sourcing of sensitive telecom and electronic equipments and technology from domestic manufacturers over security concerns.
'Otherwise, how is the government going to make more revenue?' 'The most important thing the GST does is to transfer money from the household consumers who are the most productive users of capital to the most unproductive users of capital, namely the government.'
In 2010, Abbott acquired both the pharmaceutical business of Solvay, which had a presence in India, and Piramal Healthcare Solutions, which was part of Piramal Group.
'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.
On the final day of Prime Minister Narendra Modi's visit to the US, that country on Tuesday extended its Defence Cooperation Agreement with India by another 10 years. The pact, which was to expire in June next year, will now be in force till 2025.
The joint statement issued after Prime Minister Narendra Modi and President Barack Obama's first-ever summit is high on intent and ambition. Notably missing from the statement is India's refusal to be America's partner in its war against ISIS.
The country has also asked India to further reduce tariffs on goods.
Foreign Trade Policy: More incentives for exports, focus on ease of trading
India may not be prepared to meet US demands, say experts
Country's economic growth at 9% requires exports to rise by around 20%, says NSC chairman Pronab Sen
India's IPR framework and enforcement were comparable to those in developed countries
With Donald Trump the appeal has to be to his business instincts in which his personal interests seem to play a significant role, says former foreign secretary Kanwal Sibal.
Asserting that there was growing scourge of terrorism in view of fast growing linkages of terrorist groups across the globe, India on Tuesday strongly advocated stepped up cooperation through intelligence exchange and training with 54 African countries.
After Modi became the prime minister, the Indo-US relationship has seen an upward trajectory, he said.
'With this amendment, permanent employees will cease to exist.' 'The government should give a human touch and human face to labour reforms.' 'Ideas like survival of the fittest, might is right, etc, are rules of the jungle.' 'They cannot give new terms like hire and fire to jungle law.'
The youngest president of the Indian cricket board in India in independent India, Anurag Thakur has taken over the reins of the world's richest cricketing body at a time it is fighting an existential battle against a complete restructuring recommended by the Supreme Court.
Despite criticism of a lack of transparency and communication from the Modi-led government, BJP leaders point to "good beginnings" on several fronts to defend its performance. Sheela Bhatt/Rediff.com reports.
India is committed to getting back to a sustainable growth path of 8 to 9 per cent, Prime Minister Manmohan Singh has said, adding that such a target is achievable because the fundamentals of the Indian economy remain strong.
Leading British-Indian MP Keith Vaz on Tuesday took his fight against the European Union's impending ban on the import of Indian mangoes to the Prime Minister's office in London.
The government, he said, has implemented 'bold reforms'.
That is bad news for officials taking part in discussions at the International Monetary Fund and World Bank meetings this week.
After helping the government in policymaking since October 2014, Chief Economic Adviser Arvind Subramanian is returning to academics and will be teaching at Harvard Kennedy School on a visiting position. In an interview to Dilasha Seth and Somesh Jha, he says the ease of doing business agenda needs to move forward and India must try to integrate with the global value chains. Edited excerpts.
India will have the presidency of the BRICS' $100 billion New Development Bank for six years with headquarters in China that will become operational in about two years, a major step for reshaping the international financial system dominated by the West.
Despite the headwinds both on the domestic and global fronts, Ramesh S Damani, member, BSE and a prominent investor, says India will weather a global trade war better than a lot of other Asian countries.
The top two in the government and in the Bharatiya Janata Party, Prime Minister Narendra Modi and party President Amit Shah, respectively, spent the day trying to hard sell not just the contentious land Bill but also how the Modi government stood for the welfare of farmers.
The Nifty and Bank Nifty ended at record closing high of 7,913 and 15,865 respectively.
Along with the US and China, India could be a big enough force in global manufacturing
The government on Wednesday unveiled the FTP for 2015-20.
US congressional leaders on trade and finance wrote to the US International Trade Commission calling for a second investigation into India's 'unfair' trade practices, detailing any changes under Modi.
Hours ahead of his dinner with President Barack Obama, Prime Minister Narendra Modi cautioned the United States against hasty withdrawal of its troops from Afghanistan, citing the mistakes it has committed while pulling out from Iraq.
