New government should consider reforming taxation rules.
Export growth picked up mainly owing to rising global crude prices, which pushed up processed petroleum exports by nearly 40 per cent, apart from a broad-based improvement in exports of major foreign exchange earners such as engineering goods and gems and jewellery.
Moving ahead with the economic reforms, the Cabinet tonight cleared the long-delayed proposal for raising FDI limit in defence to 49 per cent and fully opened up the railway infrastructure segment, like high-speed trains, for foreign investment.
The Commerce Ministry earlier this week commissioned a study to assess the impact of free trade agreement with South Korea, with which India had a trade deficit of about $9 billion in 2012-13.
Providing relief to the economy from widening trade deficit on account of gold imports, the inward shipments of the metal slumped in December to 39 tonnes, Commerce Secretary Rajeev Kher said on Wednesday.
India did not yield any major ground on trade facilitation while it managed to successfully push its stand on food security issues through the WTO meeting in Bali, a top official said.
A quick bounce back of the Chinese stocks looks improbable now.
India's exports dipped deeper in the negative zone.
Non-performers were not punished, performers were not rewarded, points out Utkarsh Mishra.
Federation of Pakistan Chambers of Commerce and Industry President Zubair Ahmed Malik also said that the negative list should also be pruned to boost bilateral trade with India.
India must have a "contingency plan" in place to ring-fence the country's economy if the political showdown in the US leads to a default on its international monetary obligations, industry body Assocham said.
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The Reserve Bank of India in July introduced 80:20 scheme under which 20 per cent of the total gold imports was to be exported back.
The sector is witnessing weak tendering.
Experts are betting big on the clause that talks of capital gains.
Rajya Sabha was adjourned twice during Question Hour on Monday as the Congress created uproar saying there were inconsistencies in government statements on the World Trade Organisation though Finance Minister Arun Jaitley asserted there was no contradiction.
For many years now, India has given the Commonwealth short shrift so its support for the Commonwealth trade initiative signals a renewed interest in the body.
The new foreign trade policy is considered to be less effective.
The ban has been in force since last Friday.
The Prime Minister's Office had raised concerns over the bilateral air services agreement (ASA) signed between India and Abu Dhabi earlier this year, raising the number of flights from 13,700 to 50,000 each week.
For growth in export, continuous gain in productivity is essential.
Policy discussions now should urgently focus on the road map for serious economic and institutional reforms to put India on a sustained high growth trajectory like the Chinese economy, says Jayanta Roy.
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If India does not wish to continually violate the WTO rules, it must also continue to push the WTO to either revisit the reference point of 1986-88 prices for calculating subsidies and pitch it at a recent period, or raise the ceiling on subsidies to enable countries like India to stay within the envisaged cap.
It is time to reset expectations as government will move with alacrity on social policy, not on economic reforms.
Prime Minister Narendra Modi on Friday said bilateral cooperation in defence manufacturing would be the "prime focus" of his visit to the United Kingdom.
In a turn of events, India on Friday said it was "hopeful" talks for a global deal on easing Customs norms, or a trade facilitation agreement (TFA), would be revived in September, even as it failed to meet the July 31 deadline due to lack of consensus among members over food stockholding and farm subsidies.
Sebi first began looking into the matter last month.
Govt gave 36,000 seats per week more than inter-ministerial group's recommendations.
Developers had been urging dual usage of their SEZ land since the beginning of global financial recession in 2008.
Negotiators from were expected to meet in New Delhi on August 28.
Like pharmaceutical companies globally - which used to enjoy a preferential exchange rate in Venezuela - Indian producers have been left badly stung by the collapse of the bolivar currency
Govt mulls raising duty on non-essential goods with annual import bill exceeding $1 billion
India Inc had cheered Donald Trump's decision to scrap TPP, but now there is a growing sense that it won't really lead to positive growth in trade with the US. Subhayan Chakraborty reports.
2,500 kg of sandalwood to Pashupatinath temple cost India Rs 1.9 crore, reports Nivedita Mookerji
All FIPB records will now be digitised; old and unnecessary files will be weeded out
'While Piyush Goel, Dharmendra Pradhan, Rajyavardhan Singh Rathore and a clutch of former bureaucrats including R K Singh, Hardeep Singh Puri and K J Alphons are loyal BJP members, none of them fit the mould of party apparatchiks.' 'In fact, many of the latter kind have been shown the door or have been given reduced charges.' 'That goes to show the prime minister's comfort level in dealing with professionals and administrators and the trust he reposes in them,' says Shreekant Sambrani.
India Inc on Wednesday said the Reserve Bank's move to cut interest rate by 0.50 per cent is "pro-growth" and exhorted banks to transmit the lower interest rate to borrowers to revive demand and kick-start the investment cycle.
At 12:25 PM, the barometer index, the S&P BSE Sensex was down 358 points or 1.3% at 26,368.
Borrowing from Narendra Modi's phraseology, Pakistan on Tuesday said 'acche din aa rahe hain' for bilateral ties with India.
Analysts cautious on outlook, expect earnings to remain under pressure over medium term.
India's exports are estimated to have remained at around $312 billion in 2013, while the final figures for 2014 could be around this figure only.
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