The two countries are scouting for members of a joint working group to study a proposal to this effect made during a recent visit by Commerce and Industry Minister Anand Sharma to Colombo.
Although Infosys was given 50 acre at Rajarhat for setting up its first development centre in West Bengal, the firm was insisting on getting special economic zone status, which the state was not keen to consider due to political reasons.
The government is expected to take a decision tomorrow on the issue of allowing foreign airlines to buy up to 49 per cent stake in cash-starved Indian carriers.
Formation of the Rangarajan panel comes after Reddy proposed that the revision issue be placed before the empowered Group of Ministers.
Referring to the concerns raised by industry captains and others during the meeting, Gujral admitted that the weakening Rupee is hurting importers.
India's commerce and industry minister Anand Sharma said that from 2012 the country would be able to attract 50 billion dollars annually.
President Pratibha Patil yet again came out with a strong defence of her foreign tours, saying she was forced to go public on the issue despite government clarifications.
"Horse trading band karo (Stop horse trading of MLAs)," Congress members shouted from the well.
The vice president met Leader of the party in Lok Sabha Mallikarjun Kharge, P Chidambaram and Deputy Leader of the party in Rajya Sabha Anand Sharma, among others and discussed various points regarding the key tax reform legislation.
No one else filed papers till Sunday, according to Mullapally Ramachandran, the chairman of the party's Central Election Authority.
The objection based on the fear that domestic industry in Pakistan would be swamped by imports from India is specious.
The country's textiles and clothing exports are expected to touch $32.35 billion in the 2011-12 fiscal, Parliament was informed on Monday.
Well aware that the government cannot control inflation through RBI's monetary tools only, the Centre tried to inbuilt a supply-augmenting mechanism in the economy by opening multi-brand retail to 51 per cent FDI, but vehement opposition from the Opposition and even some of the United Progressive Alliance allies forced it to hold back the decision.
According to sources, among some of the parties that will be part of the opposition all-party delegation are Congress, CPI-M, CPI, RJD, NCP, TMC and DMK and Rahul Gandhi is likely to accompany them.
Prime Minister Manmohan Singh's music sense... Starlet Nupur Mehta's proud parents... Ghulam Nabi Azad is disillusioned... Congress's coup attempt... Anand Sharma, the already chief minister... All this and more in this week's Dilli Gupshup.
Commerce and Industrial Promotion minister Anand Sharma's rise in government has been dizzying, which is why his current setback is also precipitous. Ahead of the cabinet meeting that took place after Sharma's project -- to ensure the approval of Foreign Direct Investment (FDI) in retail -- was given the thumbs down, his colleagues are asking some searching questions and seeking some hard answers.
India's trade minister Anand Sharma said on Sunday that the government would come up with a comprehensive foreign trade policy in August.
Modi and the BJP have been targeting the Congress during the campaign for assembly polls, claiming that the grand old party opposed the scrapping of Article 370.
The government has announced several incentives for exporters to explore new destinations under focus market and focus product scheme.
Unsatisfied by the minister's reply during the Question Hour, the Congress members including former prime minister Manmohan Singh staged a walkout.
Commerce and Industry Minister Anand Sharma on wednesday said the Reserve Bank of India would have to step in to stem the downslide of rupee.
The party asked Prime Minister Narendra Modi why a conspiracy was being hatched to destroy the minimum support price (MSP) system and snatch the livelihood of 62 crore farmers.
Bilateral trade between India and Pakistan may touch USD 10 billion by 2015, if trade and investment barriers are removed, CII said.
India and the United States on Wednesday agreed to fast-track technical negotiations for early conclusion of a Bilateral Investment Agreement during a meeting between Commerce and Industry Minister Anand Sharma and US Trade Representative Ron Kirk.
The RBI is scheduled to review its short-term lending rates on Tuesday, amidst apprehensions that it may not go in for interest rate cut even as the pause on the hikes may continue.
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.
Meeting on Tuesday to decide on letting foreign airlines buy into domestic ones.
"India and Indonesia can do much more in the changing world," Sharma said at a reception hosted by the India-Indonesian Chamber of Commerce last night.
Congress President Sonia Gandhi on Tuesday asked party leaders from Himachal Pradesh to put up a united front and help the party regain power in the state.
In her condolence message for Patel, who served as her political secretary for years and was the All India Congress Committee treasurer, party chief Sonia Gandhi said, 'In Shri Ahmed Patel, I have lost a colleague, whose entire life was dedicated to the Congress Party.'
Leveraging the India-ASEAN Free Trade Agreement, India wants to double its commerce with Myanmar and diversify the bilateral engagement to agro-research and natural gas exploration.
Annual event being organised by FICCI focuses on the investment potential offered by India's infrastructure sector.
The senior leader said there an all-round support for Sonia and Rahul Gandhi is "apparent to anyone who is not blind".
The radical nature of the trade package is sure to take everyone's breath away when Manmohan Singh meets Bangladeshi Prime Minister Sheikh Hasina.
Centre wanted to push the Banking Regulation Bill, the Opposition wanted to discuss stalking case.
Sharma was speaking to reporters after Coca Cola Co chairman and CEO Muhtar Kent met him at his office.
There was, however, no common ground between the government and the traders delegation as Commerce and Industry Minister Anand Sharma made it clear to them that there was no question of rollback of the decision to open the multi-brand retail to foreign investment.
Keen on expanding oil and gas explorations in Vietnam's East Sea, energy-hungry India today said it will be a "win-win" situation for both the economies.
The guidelines regarding the decision to allow 51 per cent FDI in the multi-brand retail will be issued by next week.
Efforts are on to convince West Bengal Chief Minister and Trinamool Congress chief Mamata Banerjee to support FDI in multi-brand retail which is coming up for consideration of the Union Cabinet on Thursday evening.
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