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After a high-level meeting held on Friday chaired by Prime Minister Manmohan Singh, it has been decided that the Commerce and Industry would soon start a consultation process to address 'dangers inherent' in the current model of FDI in brownfield pharma units.
Six metros in which FDI in multi-brand retailing will be permitted are Delhi, Mumbai, Kolkata, Chennai, Bangalore and Hyderabad.
Indian mangoes are all set to tickle the taste buds of Americans with the Bush administration clearing the way for exports to the US this harvest season, which would give farmers here access to the global market.
Snapdeal and Flipkart to battle it out over Express Delivery
Even as India gears up for election results on May 16, a group of senior Bharatiya Janata Party leaders have taken up an informal initiative to see how a 'Modi ministry' will look like, in case the party forms the government at the Centre.
Section 144 of CrPC, prohibiting assembly of five or more people at one spot, will be in force during the period, Thackeray had said, but refrained from terming the new curbs as a lockdown.
The government is likely to announce significant policy measures relating to allowance of foreign direct investment (FDI) in the multi-brand retail segment, even as the Department of Industrial Policy and Promotion (Dipp) under the Ministry of Commerce and Industry is giving final touches to the draft report prepared by an inter-ministerial committee.
'For Indian firms supplying global majors, coronavirus is both a threat and an opportunity.'
Amazon, however, claimed that it is just a service provider and doesn't own goods at any point of sale due to which it is not liable to pay this tax.
Cap in single-brand retail likely to be 74%.
Despite Uber facing a ban across many states, including Karnataka and Maharashtra, for Lingaraju, a driver employed by the company in Bengaluru, it is business as usual.
United States President Barack Obama will visit Mumbai on November 6, during his four-day mission to India, US-India Business Council announced on Monday.
Court cases likely over interpretation of the new levy proposed in the Budget for digital economy.
Amazon has also signed a term sheet with Kishore Biyani-led Future group to invest $600 million to $700 million for a 12 to 15 per cent stake in the retail giant, it is learnt.
Karnataka suffered a crop loss in around 97,365 hectares out of the total bearing area of 2,26,244 hectares of coffee and spices plantations.
The document consolidating all the aspects of foreign direct investment policy and framework will be released by commerce and industry minister Anand Sharma, an official said.
Admitting to irregularities in the export of non-basmati rice to some African countries during UPA-I tenure, the government on Friday said it has referred the matter to the CVC after slapping show-cause notices on officials of PSUs, involved in the transactions.
State-run Bank of Baroda and Oriental Bank of Commerce are among those facing scrutiny.
The exemption from MAT does not apply retroactively.
Srinagar-born Dr Vijay Sazawal, 64, of Bethesda, Maryland, who has over 35 years of professional experience in the nuclear industry covering the entire fuel cycle, has been appointed by United States Secretary of Commerce Gary Locke to serve on the Civil Nuclear Trade Advisory Committee for a period of two years.
The commerce and industry ministry is not in favour of allowing foreign airlines to buy stake in Indian carriers on the ground that the sector is sensitive.
A single agency would soon handle all applications for export licenses in the US, President Barack Obama said as he laid down his motive of streamlining the cumbersome and time consuming procedure across multiple agencies.
The approvals would be handled independently by administrative ministries of different sectors.
In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
It is mind-boggling to find our prime minister putting exports on the back-burner, says Jayanta Roy.
It, however, does not manufacture devices on its own and rather does it through contract manufacturers.
University of Delhi's Department of Commerce invites applications for admission to two full-time two-year professional programmes.
Chidambaram has not been named as an accused in the FIR and the CBI is yet to file a chargesheet in the matter.
India Post is eyeing a jump of about Rs 100 crore in turnover at Rs 141 crore from the philately segment this fiscal.
India will not allow Chinese companies to participate in highway projects, including those through joint ventures, Union Minister Nitin Gadkari said on Wednesday amid the border standoff with China. Gadakri also said the government will ensure that Chinese investors are not entertained in various sectors like the micro, small and medium enterprises (MSMEs).
Govt renews search for five PSU bank chiefs; norms relaxed.
Indian Americans are not just shining in the fields of technology, education and management. You can now spot them every where... in politics, in research, in the movies and even on YouTube, says Ignatius Chithelen.Indian Americans are not just shining in the fields of technology, education and management. You can now spot them every where... in politics, in research, in the movies and even on YouTube, says Ignatius Chithelen.
The board would take a decision on these applications on February 20.
The government is considering a proposal to allow 100 per cent foreign direct investment into the country's defence sector, despite stiff opposition from the defence ministry that has raised security concerns.
One of the papers could be on liberalising the foreign direct investment regime in the retail sector.
The Income-tax Department has allowed irregular exemptions on TV rights from BCCI to four cricket associations resulting in non-levy of tax to the tune of Rs 37.23 crore, the Comptroller and Auditor General (CAG) said on Friday.
