"At the moment, the fall is arrested (and it) is very clear. The growth is happening. We will only be looking at the steady growth. It may be slow but steady," Commerce Minister Nirmala Sitharaman told reporters in New Delhi.
The eighth Auto Expo kicks off on Thursday promising new launches and big announcements by domestic and global automobile giants, even as the booming industry sought flexibility in labour laws to maintain the growth momentum.
Union Commerce and Industry Minister Anand Sharma has protested, on behalf of the corporate sector, against the Union environment and forests ministry's 'unreasonable environment regulations' being clamped on the industrial projects.
The immediate trigger is the environment ministry's latest policy of asking corporates to mandatorily commit five per cent of project investments in environment protection measures.
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.
Bilateral trade between India and Pakistan may touch USD 10 billion by 2015, if trade and investment barriers are removed, CII said.
Infosys Ltd will set up a new campus at Technocity here, estimated to cost Rs 600 crore (Rs 6 billion), providing a boost to the IT sector in the state.
Maharashtra Industries Minister Narayan Rane of Congress suffered a jolt on his home turf in Sindhudurg district in Konkan, as the Nationalist Congress Party made considerable inroads into Vengurla, Malvan and Sawantwadi, as counting of votes of 133 municipal councils was underway.
Nazir Karigar, 64, who claimed he paid the bribe to supply a facial-recognition security system to Air India has reportedly been charged by the Royal Canadian Mounted Police under the Corruption of Foreign Public Officials Act, a law that prohibits the payment of bribes abroad
Nazir Karigar, an Ottawa-based Indo-Canadian entrepreneur, claimed to have bribed India's Minister of Heavy Industries in 2005, to get a $100 million contract for his company CryptoMetric, says a report in The Globe and the Mail.
In a novel way to pay tributes to the victims of the Mumbai terror attacks, Non-Governmental Organisation Swabhimaan Sanghathana, led by Maharashtra Industries Minister Narayan Rane's son Nitesh, on Saturday conducted a job fair for kin of the 26/11 victims and also ordinary Mumbaikars.
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.
As many as 14 central government services have already been integrated with the e-biz portal.
Uttar Pradesh Chief Minister Mayawati on Wednesday sacked Small-Scale Industry Minister Chadradeo Ram Yadav, who was indicted by the state Lokayukta. "In consultations with the CM, Governor B L Joshi has relieved the minister from his post with immediate effect," a notification issued by the state government said. In his report submitted to the government on December 28 last year, the Lokayukta had indicted the minister for drawing salary from two places.
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.
P Chidambaram on Saturday wondered whether the Modi government "deserves" Raghuram Rajan
The new faces in the state cabinet include former Indian cricketer Laxmi Ratan Shukla, Shovandeb Chattopadhaya, Kolkata Mayor Shovan Chatterjee, Abani Mohan Joarder, Abdur Rezzak Mollah, Suvendu Adhikari, Rabindranath Ghosh, Churamani Mahato, James Kujur, Siddikullah Choudhury, Asima Patra, Ghulam Rabbani, Zakir Hossain, Sandhya Rani Tudu, singer Indranil Sen, Tapan Dasgupta and B Hansda.
Bihar Chief Minister Nitish Kumar on Wednesday lamented that a section of people start "chanting" 'Jungle Raj' after every incident of crime in the state and said the government has decided to set up a battalion for safeguarding banks and other such establishments.
"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.
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.
As part of the guidelines of the code, the signatories are encouraged to assist the tourists.
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.
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.
Annual event being organised by FICCI focuses on the investment potential offered by India's infrastructure sector.
The declining exports would have implications for the job market.
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 fate of the ministerial conference was sealed after assistant US trade representative Sharon Bomer Lauritsen said permanent solution to the food stockholding issue was not acceptable to America.
Commerce ministers of the three countries, who met in Pretoria on Tuesday, also decided to hold formal annual trilateral talks to boost intra-IBSA trade.
"We are seriously considering raising the bar further- that means to allow increased FDI," Commerce and Industry Minister Anand Sharma said at a CII event on Indian luxury market.
Days ahead of India-EU annual summit, Commerce and Industry Minister Anand Sharma on Wednesday said a few ends are yet to be stitched for concluding the proposed Free Trade Agreement (FTA) between the two sides.
Saseendran said his resignation should not be seen as an acceptance of guilt.
Reliance has small parcels of land in West Bengal for its agri-retail plan.
A Bangladeshi court is set to frame charges against 52 suspects, including United Liberation Front of Asom chief Paresh Barua and top Islamist leader Matiur Rahman Nizami in the country's biggest ever arms smuggling case when 10-truck loads of arms destined for banned Indian separatist group were seized.
Maharashtra Industries Minister and Congress leader Narayan Rane on Wednesday claimed that had not taken any decision regarding the controversial Adarsh Housing Society during his tenure as the chief minister. Making a suo-motu statement in the Legislative Assembly in Mumbai, Rane said an application regarding the proposed society had come to him on September 21, 1999. He said he forwarded the application to the revenue department with the remark "submit a report immediately"
Total outflow and inflow of foreign investment in general for 2014-15 fiscal was $6.42 bn and $75.71 bn, respectively
Industry is of the view that rising interest rates is increasing the input cost as loans are getting costlier.
In the face of stiff opposition in Parliament to foreign direct investment in retail, Commerce and Industry Minister Anand Sharma on Monday sought to reach out to MPs and state chief ministers and appealed to them to rise above 'petty' partisanship on the issue.
When India's Commerce and Industry Minister Anand Sharma met his counterpart in Beijing last year, he spoke mainly about India's yawning trade deficit and China agreed that this was a problem that needed fixing.
The country must get its act on global alliances right in order to feed its fuel-hungry economy, points out Subhomoy Bhattacharjee.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances