To involve local craftsmen in designing the outlets.
Multi-brand foreign retailers such as Walmart, Metro, Carrefour and Tesco have already invested in India under cash-and-carry arrangements.
The senior Congress leader asserted that those calling for reform should have had a discussion with others as well.
Commerce and Industry Minister Anand Sharma and European Union Trade Commissioner Karel De Gucht concluded another round of talks on Monday at the European Commission headquarters in Brussels, which the Commission said 'provided a renewed momentum to bring the negotiations forward'.
India clearly told the EU it would 'not accept' any further concession, as far as the automobile sector was concerned.
Eurofighter Typhoon, India-EU trade pact on agenda for April 11.
Novartis' threat that it would not introduce new medicines in India after the verdict is hollow, says Anand Grover.
Opposition charged the government with making Parliamentary Standing Committees irrelevant.
The meeting, which would have representation from the ministries of finance, external affairs and micro and small and medium enterprises, would suggest steps to prepare the way for the annual supplement to the Foreign Trade Policy (2009-2014), expected to be unveiled in April.
As the rupee fell below the 68-mark and global agencies painted a gloomy outlook for the economy, the government on Wednesday sought to reassure investors by saying there was no need for panic as the decline in the domestic currency was a reflection of "irrational sentiment."
A mild earthquake shook parts of Uttarakhand early on Wednesday. A slight intensity quake measuring 3.2 on the Richter Scale hit areas located along Uttarakhand-Nepal border in Pithoragarh district at around 10:00 AM this morning, MeT office Director Anand Sharma told PTI.
The Enforcement Directorate has been asked to investigate alleged violation of FDI regulations by e-commerce company Flipkart Online Services and cash & carry chain Bharti Walmart.
Sharma was speaking to journalists while returning with Prime Minister Manmohan Singh from Cambodia last night on special aircraft after attending the ASEAN and East Asia Summits.
The Commerce Ministry, according to an official, has proposed interest subsidy for different sectors like engineering which are reeling under the impact of global economic slowdown.
Sharma, who has been regularly reviewing the situation with senior officials, has expressed concern over the drop in industrial performance in the recent months, the statement said.
CCEA approves its Rs 10,500-cr investment in India.
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.
When IKEA's CEO & India's industry minister sealed a deal in-principle last year, foreign investors took note.
Worried over continuous decline in exports, the Commerce Ministry has stepped up its pressure on Finance Ministry to expeditiously notify a scheme which was announced in June to boost the overseas shipments.
The initiatives announced by Commerce and Industry Minister Anand Sharma as part of the annual supplement to the Foreign Trade Policy are aimed at pushing exports which declined by 1.76 per cent to $300.6 billion during 2012-13 and pushed up the trade deficit to $190.91 billion.
India's exports during 2012-13 declined 1.76 per cent to $300.6 billion mainly on account of slowdown in the global economy, Commerce and Industry Minister Anand Sharma said.
Earlier govt said it won't allow it to sell items such as textile products and office supplies.
Will Indian democracy benefit from the potential that Shashi Tharoor stores in his mind, spirit and intellect? Or will it be the saga of another leader who promised much but delivered too little, asks Dr Sudhir Bisht.
DEA official writes to DIPP suggesting that govt needs to understand what has been left out, and why, in the revised application of the retailer.
He responded to criticism in certain circles following emergency use authorisation to the vaccine and said,"Indian companies do not deserve this backlash".
Without engaging with Pakistan, South Asian economic integration would not be possible
The minister also exuded confidence that India would be able to sustain 20 per cent export growth in the current fiscal.
While winding up his speech against foreign direct investment in multi-brand retail, All India Anna Dravida Munnetra Kazhagam member of Rajya Sabha V Maitreyan thanked all those who supported his stand and said the government had committed a blunder.
The BJP said it is legal with adequate safeguards and in the interest of national security..
The country feels that the talks are necessary to revive the global economy.
Ten states and Union Territories had endorsed FDI in the sector by August 13.
A majority of Congress leaders said the party will face desertions if Rahul Gandhi does not remain the leader.
Saturday would mark the completion of a year of history being made in India-Pakistan trade relations.
Targeting Rahul Gandhi, the BJP on Wednesday asked the Congress whether it has the capacity to accept defeat of his leadership in the election battle against Narendra Modi.
Industry houses are emphatic with the RBI pruning repo rate and CRR by 0.25 per cent each after a long nine months in its third quarter monetary policy review.
The issue on Monday figured in a bilateral meeting held in Agra between Commerce and Industry Minister Anand Sharma and visiting South Korean Minister of Knowledge Economy Sukwoo Hong, in which the Korean side raised the issue of delays in Posco project clearance, an official statement said.
The stage is set now for a major revamp of the Union Council of Ministers on Sunday with the likely induction of at least ten new faces and promotion of some ministers of state, besides a rejig in the Cabinet, in which Anand Sharma may get the external affairs portfolio.
For the entire 2011-12 fiscal, the shipments to the neighbouring country had stood at $1.53 billion.
Manufacturing growth in Bihar stood at 15 per cent in 2010-11 against 15.2 per cent a year ago and 21.9 per cent in 2008-09, according to data provided by Commerce and Industry Minister Anand Sharma in a written reply in the Lok Sabha.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances