The Trinamool will be as vulnerable to traders' blandishments as the CPI(M) is.
The Tatas had earlier stated that it could return the land if compensation was offered. Tata Motors last year shifted its small car Nano project from Singur to Sanand in Gujarat after protest by local farmers and political parties.
In a U-turn from its earlier stand to include Shiv Sena chief Uddhav Thackeray in a panel to discuss construction of party patriarch Bal Thackeray's memorial, the Maharashtra government resolution has not included any political leaders in the committee.
At the peak of the slowdown in December 2008, the government had announced a 4 per cent across the board cut in CENVAT that helped in reducing prices and spurred demand. Besides, the states were encouraged to buy more buses for urban transport under the Jawaharlal Nehru National Urban Renewal Mission to give a fillip to the battered commercial vehicles segment.
India has not changed its position on agriculture and industry at the World Trade Organisation negotiations on freeing global trade to protect the interests of its farmers and small enterprises, Commerce and Industry Minister Anand Sharma has said.
For the third month in a row, exports rose in January, reporting 11.5 per cent growth to $14.34 billion, against $12.9 billion in the year-ago period, Commerce and Industry Minister Anand Sharma said.
India's exports, which saw the steepest fall of 39.2 per cent in May at the height of the global financial crisis, stands arrested at 6.6 per cent in October, and the government said it would provide more support to select segments in December.
Charging the multinational companies with making several drugs beyond the reach of the poor, visiting Commerce Minister Anand Sharma today asserted it is the Indian generics which have challenged such a "suffocating stranglehold" and made the medicines affordable.
Talks for an India-European Union free trade agreement started in 2007 and the eighth round of negotiations was completed in New Delhi last month.
Both the warring sides claim they are keen to see industry come up in Singur -- the abandoned site of the Nano factory near Kolkata. But nine months after the decision to relocate the Nano factory, there has been no forward movement on setting up an industry in Singur.
Amid hints that the government might be exploring capping royalty payments by India-based subsidiaries to US companies, experts warn Subhayan Chakraborty why such a move will only hurt the Indian economy.
The Commerce Ministry wants the Reserve Bank to reduce interest rate for dollar credit in its forthcoming monetary policy to help sustain the fledgling recovery in the exports sector.
Ahead of the third quarter monetary policy review by the Reserve Bank later this month, Commerce and Industry Minister Anand Sharma has opposed monetary tightening, saying fund flows to the industry have not caused food inflation.
India on Wednesday asked its South Asian neighbours to increase intra-regional trade as a cushion against slowdown in exports to the US and European markets.
Commerce Minister Anand Sharma on Monday expressed optimism that the total FDI inflows this fiscal will the same as in the previous year's at $27 billion.
Congress sources in New Delhi say the race is narrowing down between Deshmukh and Chavan with latter having an edge.
Defending the new foreign investment guidelines released this week, commerce and industry minister Kamal Nath said on Friday the norms would not distinguish between different forms of foreign capital.
The government should stick to the recent clarifications released on FDI in multi-brand retail trading and not ease the conditions for foreign retailers.
She said Finance Minister Arun Jaitley is working "hard" on the Bankruptcy Code
India's exports, after declining for over a year, are expected to improve in the coming months even as global slowdown continues, Commerce and Industry Minister Anand Sharma said on Wednesday.
After the heat it faced on climate change stand for the Copenhagen summit, the government on Tuesday came under scanner as the Opposition felt that India might come under US pressure on the trade talks in WTO.
India has assured global investors of a stable policy regime, stating no government initiative has ever been reversed or questioned in the past two decades.
Union Commerce and Industry Minister Anand Sharma said that India has been less affected by the current global economic crisis due to the economy's strong fundamentals.
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.
Commerce and industry minister Nirupam Sen and land and land reforms minister Abdur Rezzak Mollah say the figures are yet to be collated. West Bengal Industrial Development Corporation sources said land losers would only be known once the projects are awarded.
"The charge that the two ministers were pro-rapist is absolutely wrong. It was sheer indiscretion on their part," Madhav said.
The Maharashtra government is considering converting an ordinance on giving priority to locals in jobs into an Act, the state Legislative Council was informed on Friday.
Congress MPs Sanjay Nirupam and Priya Dutt on Monday led a protest morcha outside the Reliance Energy office in suburban Kandivli, seeking reduction in power tariffs in the metropolis.
The government plans to invest up to 10 per cent in the sector and would encourage more private and foreign participation.
India's exports grew by 9 per cent to $14.6 billion (around Rs 66, 250 crore) in December.
Talking about the much-debated issue of land acquisition, Sen said industry bodies were in favour of direct purchase of land from the owners and state governments to be mere facilitators.
Union Heavy Industries Minister Vilasrao Deshmukh on Friday said that he is not a contender for the chief minister's post in Maharashtra. Speaking to reporters after his meeting with Congress president Sonia Gandhi in New Delhi, Deshmukh said he would leave the decision to the party high command. Deshmukh, who has headed the state government twice earlier, is claiming the support of fifty Members of Legislative Assembly.
The government's disinvestment programme made a muted re-start with the Cabinet Committee on Economic Affairs approving the part-sale of its stake in two power companies -- NTPC and Satluj Jal Vidyut Nigam -- but postponing a decision on the overall disinvestment policy.
Data on primary and fuel items would continue to be released on weekly basis.
They expressed joy on Jayalalithaa being acquitted in the Rs 66.66 crore disproportionate assets case by the Karnataka high court on Monday.
A Public Interest Litigation filed in the Bombay High Court has sought action on State Industries Minister Narayan Rane's allegations after the November 26 terror attacks that some politicians in the state had assisted the terrorists.
In an interview with Mihir Mishra and Jyoti Mukul, Nath, who as the commerce and industry minister in the previous United Progressive Alliance government was part of the fire-fighting to minimise impact of the slowdown, says that the current year will be better than the last year.
India was fourth in 2008, in terms of FDI inflows, among developing countries, he said referring to UNCTAD World Investment Report (WIR) 2009.
It was a huge earthquake which put this nondescript town in Marathwada region on the news map. Sixteen years later, Latur is again in the news as it will decide the political fortune of Amit Deshmukh, son of Union Heavy Industries Minister Vilasrao Deshmukh, in the October 13 Maharashtra assembly elections. Amit, Congress candidate from Latur (urban) constituency, is locked in a quadrangular contest.
Investments of Rs 47,000 crore under implementation.
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