The NCP, AIADMK and a number of political parties have welcomed the joint proposal on agriculture presented to the WTO by a coalition of developing countries including India, China and 10 members of the Cairns group as a positive development.
Hitting out at the developed nations for their attitude towards the World Trade Organisation negotiations, India on Monday warned against the Doha round being hijacked by the European Union and the United States.
India is optimistic that Pakistan would soon reciprocate by giving it the most favoured nation status, which would lead to a "win-win" situation for both countries.
The Indian industry is not yet fully prepared for the complete elimination of tariffs in the World Trade Organisation identified seven key sectors, including textiles and auto components, the PHD Chamber of Commerce and Industry has said.
India was on Friday guarded in its reaction to European Union farm ministers' 'historic' accord to reform its disputed Common Agricultural Policy.
In a major victory for India, World Trade Organisation on Wednesday reversed its earlier compliance ruling on Indian bed linen dispute with the European Union.
Confederation of Indian Industry president Ashok Soota said on Friday that India should take up at the World Trade Organisation the issue of protectionism that affects natural movement of professionals across borders.\n\n\n\n
India's exports may have touched an all-time high of $422 billion in 2021-22 but recession in key western markets and geo-political crisis due to the Russia-Ukraine war are expected to impact the growth of the country's outbound shipments in 2023. All the global trade promoting factors like political stability, movement of goods, adequate availability of containers and shipping lines, demand, stable currency and smooth banking systems are in disarray. Adding to the woes, COVID cases have again started rising in countries like China, Japan, South Korea and the US.
The government is considering de-canalising import of petrol and diesel from the next fiscal, a move long awaited by global oil majors like Royal Dutch Shell to begin petro retailing in the country.
Prime Minister Narendra Modi on Saturday called for following a 'one earth, one health' approach to effectively deal with the coronavirus pandemic globally, and sought the support of the G7 grouping to lift patent protections for COVID-19 vaccines, during a virtual address at an outreach session of a summit of the bloc.
The fact came to light when a German vastu scholar was taken to court for using the term in his academy's name by a company that had registered the term .
India is likely to appeal against the ruling of a World Trade Organisation compliance panel, which concluded that the European Union had complied with an earlier WTO ruling regarding its anti-dumping measures against Indian imports of cotton bed line
The government on Thursday warned the industry of being isolated in the World Trade Organisation and overtaken by countries like China if it continued to maintain a negative and suspicious attitude rather than effectively engaging in a dialogue.
Agriculture Minister Ajit Singh said on Tuesday the interest of Indian farmers will be safeguarded at any cost in the negotiations on agriculture to begin soon at the World Trade Organisation.
PHD Chamber of Commerce and Industry on Thursday asked the government to revamp tax structure and extend tax holidays for the high-cost and risky research and development sector
Officials hint the visit could finally see a formal defence industrial road map being adopted by both nations.
After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts. Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 per cent expansion in the global merchandise trade volume in 2022. Exporters believe that the outbound shipments would cross $400 billion mark in this fiscal going by the current momentum and may reach $475 billion in 2022-23.
The importance of China as India's top trading partner cannot be understated.
The economy may grow by around 7 per cent this financial year as estimated by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), say economists with various organisations. The first advance estimates for 2023-24 will be released on Friday by the National Statistical Organisation (NSO), an exercise done for calculating ratios such as the fiscal deficit. The interim Budget will be presented on February 1.
It will be Putin's first participation in a multilateral summit after a mercenary group launched a short-lived armed rebellion last week that rocked Moscow.
The government on Monday said the progress in majority of the issues covered by the Doha Work Programme has been uneven
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