The Centre has asked the Maharashtra government to reduce the size of the Reliance Industries-promoted Mahamumbai SEZ as it involves acquisition of over 10,000 hectares of land.
In a move that is likely to boost border trade between India and China, the commerce ministry is considering to expand the number of items traded through Nathu La in Sikkim.
A last-ditch attempt to rescue the Doha round of world trade talks is likely to be made towards the end of July at a Geneva meeting of 30 trade ministers from among the 150-member countries of the World Trade Organisation (WTO).
Country's largest gold importer MMTC Ltd has decided to join the SEZ bandwagon by setting up a gems and jewellery park in joint venture with a private player in the tax-free enclave.
The commerce ministry has moved a Cabinet note for inter-ministerial consultations to finalise India's offers on services for the World Trade Organisation.
The Nathu La pass, which will open for border trade between India and China on July 6 after 44 years, may soon become an alternative to sea route with the government studying the possibility for normal bilateral trade through the land route.
An official advertisement in Pakistan showing the entire state of Jammu and Kashmir as part of India has put the government in an embarassing position, with the commerce ministry ordering an inquiry into it.
In a letter dated November 30, the PMO asked the commerce ministry to prepare a detailed note on the venture, in the anticipation that it would come up for discussion in Parliament.
The Central government has finalized a financial relief package for 33 closed tea gardens across the country, Minister of State for Commerce Jairam Ramesh said on Friday.
The next six months may see the Centre notifying 100 special economic zones.
The government has also ruled out the need for an amendment to the SEZ Act, as was demanded by Left parties.
Pakistan plans to import 100 more items from India from the next fiscal.
An empowered group of ministers had effected on April 5 major changes in SEZ rules, also setting the 5,000 hectare cap.
India's exports are expected to touch $360 billion in the current fiscal from $312.35 billion in 2013-14, Federation of Indian Export Organisations (FIEO) said.
India's exports are growing at 20 per cent an year and will cross the target of $92 billion set for 2005-06, according to the annual report of the commerce ministry released on Thursday.
Despite the missive on the impact of foreign retail on the small kirana shops in the country written by Congress President Sonia Gandhi to Prime Minister Manmohan Singh, everyone in the government knows that it was never to be taken seriously.
India's export growth slowed down to 14.08 per cent during January 2007 to $9.64 billion, while imports rose 35.74 per cent to $15.43 billion over the corresponding month a year ago.
The government on Wednesday said provisions of Press Note 2 (2005 series), which allowed 100 per cent foreign direct investment in townships
Imports too dipped by 23.1 per cent to $25.41 billion in the month under review as against $33 billion in April 2015.
Listing out the achievements of his government, he said the country has moved away from a culture of delaying work through 'atkana, latkana and bhatkana' (obstructing, delaying and misguiding).
The long awaited-resumption of border trade between India and China through the Nathu La pass in Sikkim has been finally set for June 30.
While the high-end bikes will not enjoy any cuts on import duty, the commerce ministry has now mooted capping the number of such bikes to be imported in a year.
He is acknowledged as the person behind transforming Tata Steel into the world's 11th largest steel-maker.
India on Tuesday mooted a marketing policy for the sector though domestic players opposed any move to allow overseas investments in the retail space.
India's merchandise exports shrank nearly a quarter in September from a year ago, government data showed.
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