The MFN status, which means that Pakistan will give trade treatment to India at par with its other partners, is likely to boost bilateral economic ties.
The Department of Industrial Policy and Promotion under the commerce ministry has floated a draft Cabinet note for inter-ministerial discussions on foreign direct investment in aviation.
According to the data released by the Commerce Ministry on Wednesday, exports during the April-June quarter of 2012-13 fiscal dipped by 1.7 per cent to $75.2 billion, from $76.5 billion in the same period last fiscal.
The move comes amid sharp increase in retail prices of onion since August despite the government's several measures to boost the supply and contain prise rise.
Exports of petroleum products, chemicals, pharmaceuticals, gems and jewellery, and engineering goods registered a positive growth.
During 2013-14, total value of exports stood at $465.90 billion.
According to the data available on the Reserve Bank of India's website, net workers' remittances in April-June 2018 were $11.5 billion
Lahore High Court Chief Justice Sheikh Azmat Saeed on Friday directed the Commerce Ministry and Film Censor Board to file their replies to the petition filed by film producer Kamran Ijaz.
Exports stood at $23.6 billion in April last year, according to data released by the Commerce Ministry in New Delhi on Friday.
The commerce ministry recently announced that it intends to switch over to a small negative list for trade with India by the end of February and to phase out this regime by the end of the year.
The Commerce Ministry on Friday proposed revamp of the SEZ policy to address issues concerning land acquisition and boost exports with a view to bridge the widening trade deficit.
According to data released by the commerce and industry ministry, exports stood at $25.01 billion in the month. The fall is only the second time exports contracted in the past year.
India and Pakistan agreed last year on a number of steps aimed at increasing bilateral trade.
Chinese mobile brands are deeply entrenched in the Indian market. A move to bar them may send a bold diplomatic message. But its cost for the local industry is anybody's guess. In the event that Chinese brands face curbs, two handset makers - Samsung and Apple - squarely stand to gain.
If such bar-coding covers government procurement, pinpointing the culprits will become easier.
Trade deficit during the month narrowed to $17.4 billion as against $12.72 billion in the same month last year
Imports grew at a faster rate of 20.25 per cent to $40.1 billion.
Development commissioners have been asked to forward proposals regarding SEZs along with their comments at the earliest so that they could be deliberated over at the meeting, it said.
Prime Minister Yousuf Raza Gilani has made it clear that Pakistan has not granted the Most Favoured Nation status to India, saying the commerce ministry has only been tasked to move forward on the issue in bilateral negotiations.
Demand will boom in the US and China, but exporters say it will be difficult for India to tap these markets.
In September, 2010, the country's outbound shipments were valued at $18.2 billion.
Kerala's Tirur betel leaf, Tawlhlohpuan and Mizo Puanchei from Mizoram, and Palani Panchamirtham, a temple 'prasadam' from Tamil Nadu have been awarded Geographical Indication tag.
Inflation in food articles, fuel and power contracted in July.
A meeting of the Board of Trade, an advisory body to the Commerce Ministry, is likely to be held on October 11, a ministry official said.
Imports during October also rose by 17.62 per cent to $44.11 billion, leading to widening of trade deficit to $17.13 billion.
The sops, to be given under different schemes like 'Focus Market' and 'Focus Products' from January to December 2011, were unveiled here by Commerce and Industry Minister Anand Sharma.
The commerce ministry has sought a review of foreign direct investment policy in the pharmaceutical sector, in the light of recent takeovers of domestic companies by multinationals.
Despite all official assurances, the path towards a free trade agreement (FTA) between India and the European Union (EU) this year remains ambiguous, as both sides are unwilling to relax their stand on the biggest stumbling block - the issue of "data exclusivity".
Argentina has assured India that it will resolve the issue of restrictions on import of Indian drugs to the Latin American country.
Job-oriented sectors such as tea, cashew, apparel, carpets, leather, textiles and handicrafts continue to face weak demand in traditional markets such as Europe and the US.
Imports, too, grew by 41.8 per cent to $38.4 billion in August, translating into a trade deficit of $14 billion during the month, as per the data.
Imports too jumped by 51.5 per cent to $40.4 billion in July against $26.6 billion in the same period last year, leaving a trade deficit of $11 billion, the Commerce Ministry said on Thursday.
Also considered as a green initiative, it would help the units reduce transaction cost and time.
The commerce ministry has mandated bar coding on all medicine packs meant for exports from July 1, to trace and track these medicines to its source of origin. The move is in response to quality concerns raised against Indian drugs by some African countries.
The main export sectors including engineering, petroleum products and gems and jewellery have recorded negative growth.
In its meeting in New Delhi, the inter-ministerial Board of Approval also approved India's largest stainless steel producer JSL's proposal to surrender its sector-specific SEZ in Orissa, Commerce Ministry Additional Secretary D K Mittal told PTI.
Merchandise exports aggregated to $19.94 billion in June, 2010.
Medical tourism in India alone is estimated at $3 billion and projected to grow to $7-8 billion by 2020
Imports were up by 19.8 per cent year-on-year to $37.7 billion in the month.
Had he not been a student, admirer and follower of Amartya Sen, T C A Srinivasa-Raghavan feels it might have been a Padma Bhushan.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances