Allaying apprehensions of a food crisis in view of poor monsoon, minister of road transport and highways Kamal Nath said on Friday the country has enough foodgrain reserves to tackle even the worst monsoon situation.
Maharashtra Industries Minister Ashok Chavan will be the next chief minister of the state.The decision comes after long deliberations by the Congress high command, which on Wednesday had asked Maharashtra Chief Minister Vilasrao Deshmukh to resign, following the terror attack in Mumbai last week. Chavan has been nominated the leader of the state Congress Legislature Party by Congress president Sonia Gandhi, External Affairs Minister Pranab Mukherjee told reporters on Friday.
Creating domestic demand through investment in sectors like construction and mass housing can get the economy back on a high growth path, Commerce and Industry Minister Kamal Nath said on Monday.
Recalibration is required as some items of interest to Britain may have to be removed
The UPA government's Land Acquisition (Amendment) Bill could be the last nail in the coffin for industrialisation in West Bengal.
The downward slide in Indian exports following recession in major markets of the United States and Europe, has been arrested, Commerce and Industry Minister Anand Sharma informed the Rajya Sabha on Wednesday.
A directional landmine blast took place at Baroa, 17 km from Salboni, from where the West Bengal CM, Paswan, state industry minister Nirupam Sen and industrialist Sajjan Jindal were returning after laying the foundation stone of Jindal Steel Works plant, police said.
India's exports slid for the 11th straight month in August by 19.7 per cent to $14.3 billion as global demand for merchandise remained sluggish.
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Exports picked up to post a growth of nearly 13 per cent.
The government's help to the crisis-ridden Satyam Computer Services may include financial support as well, as it is a question of saving jobs and institutional investment, Commerce and Industry Minister Kamal Nath said.
"Indian foreign direct investment in the US is more than America's FDI in India."
The need of the hour is a rule-based multilateral trading regime, which takes on board developmental aspirations of the poor countries and at the same time ensures better access for all. "That is what we shall be striving for," said Commerce and Industry Minister Anand Sharma. He said Prime Minister Manmohan Singh has made commitments that the Doha trade talks, the latest round of which was stalled in July 2008, be concluded successfully.
Modi will meet US President Barack Obama at the White House on September 29-30.
Sharma was addressing the members of the Board of Trade, a body comprising captains of Indian industry.
West Bengal Governor Gopal Krishna Gandhi on Thursday held a series of meetings with the state government and Trinamool Congress in the run up to Friday's crucial talks that could discuss a proposal for higher compensation for farmers whose land was acquired for the Tata Motors car project.
While an official in the Commerce Department indicated a trade war was in the offing, till now the government has been in wait-and-watch mode.
External affairs minister Pranab Mukherjee, who also holds charge of the finance portfolio, minister of state for industry Ashwani Kumar and several secretaries of the key economic ministries have already indicated the government may unveil significant fiscal measures to stimulate the economy reeling under the global slowdown.
Ambee, an Ambulance-hailing app, is set for commercial rollout. Sharath Chowdary profiles the Uber-backed firm that aims to bring online 50% of ambulances across 60 Indian cities over 5 years.
The 'worst' for Indian exports, which are in the negative territory since October 2008 due to the global recession, seems to be over, Commerce and Industry Minister Anand Sharma said.
For achieving $30 billion, the country would need over $11 billion FDI in the last five months of the fiscal in the midst of a global credit freeze. Riding on the back of impressive inflows of $25 billion in 2007-08, the government had aimed at $35 billion FDI for the current fiscal.
Prime Minister Manmohan Singh on Tuesday held discussions with Commerce and Industry Minister Kamal Nath and is believed to have reviewed the Satyam issue, a day after the minister came out in support of extending financial help to the beleaguered IT firm.
The Tata Motors team led by its Managing Director G Ravikant and accompanied by Karnataka Industry Minister Murugesh Nirani visited three places in and around the twin cities of Hubli-Dharwad in Karnataka. The Belur Industrial area, Mummiatti and another area around the airport near Hubli were the three sites which were offered by the government.
Commerce and Industry Minister Anand Sharma will meet new US Trade Representative Ron Kirk at Bali in Indonesia on June 6-7, on the sidelines of the meeting of the Cairns Group of farm product-exporting countries. The two countries have serious differences on the level of protection that can be given to farmers as and when the global market for farm products is opened up. India has argued all along that it cannot compromise on food security and livelihood concerns.
Anand Sharma, who took charge of the nodal ministry for FDI on May 29, said there is no need for a relook at the policy amended in February by the Department of Industrial Policy and Promotion. While the policy does not allow overseas inflow into this sector, the changes in February were perceived to be opening the sector to FDI up to 49 per cent in an Indian firm that has a downstream subsidiary firm in retailing.
Nokia shut down has also resulted in the loss of job for over 12,000, who were indirectly employed by the company.
'As general elections draw near, the BJP and the JD-U (in whatever form it is) will do a deal -- the state to the JD-U in return for support at the Centre for the BJP.'
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