An appreciation in the rupee has severely affected exports. India's exports are not likely to meet the FY08 target.
Within a fortnight of Commerce Secretary G K Pillai talking about a possible relaxation of cap on land size for SEZs, Commerce and Industry Minister Kamal Nath said on Tuesday there was no proposal to change the 5,000 hectare ceiling prescribed by a group of ministers. However, the Centre would look at specific proposals from states once the Resettlment and Rehabilitation Policy is implemented, he said.
The government may look at relaxing 5,000 hectare-ceiling on land for Special Economic Zones once the the Land Acquisition Act is in place, commerce secretary G K Pillai said on Monday. "Now that the new Relief & Rehabilitation policy has come into being, the government may think of relaxing the upper limit of 5,000 hectares for SEZs (once the land acquisition law is enacted), he said on the sidelines of the India Economic Summit.
The trade policy specifies that "for all goods and services exported from India, services received, rendered abroad, wherever possible, shall be exempted from service tax".
The US must make substantial cuts in farm subsidies and scale down demands for tariff reductions by developing countries to enable the stalled WTO talks to move forward, India's top trade negotiator said on Thursday.
BoA has given formal approval to 15 special economic zones, including those of TCS and Cognizant, and in-principle nod to five, Commerce Secretary and BoA Chairman G K Pillai told reporters after the meeting in New Delhi.
India and Japan will next month sign an agreement for a dedicated rail freight corridor connecting Delhi, Mumbai and Kolkata, which will significantly reduce the time taken for transporting goods from one metro to another.
The country's industrial growth in first 7 months of FY'09 stands at 4.1 per cent as against 9.9 per cent. Manufacturing output in October also declines by 1.2 per cent. Only earlier this month, the government sought to rescue manufacturers by announcing an across-the-board (barring petroleum goods) four per cent cut in excise duty.
Faced by criticism on its special economic zone policy, the government is preparing guidelines for acquisition of land from farmers for setting up SEZs.
The government on Monday approved the proposals of Reliance Industries, Wipro, Hewlett Packard and Biocon to set up Special Economic Zones -- a move that is expected to generate at least 67,000 jobs by March 2006.
India and Russia will set up a joint task force to boost bilateral trade to a level of $10 billion by 2010 from the present $2billion, a senior official of the Indian government has said.
The Centre said on Wednesday it had made a good offer for the proposed Free Trade Agreement with the Association of South East Asian Nation and is awaiting ASEAN's reactions to it.
Reflecting the enthusiasm among private companies for setting up special economic zones, the board of approval for SEZs will consider over 100 proposals on March 17 - its first meeting since the implementation of SEZ Act and Rules last month.
The government has approved a Rs 675 crore (Rs 6.75 Special Economic Zone by Finnish telecom major Nokia near Chennai.
Rahul Khullar's guiding credo was that a civil servant must never lose sight of his client: The little guy. The evil men are those who are decision-makers but abdicate their responsibility of taking decisions, leading people to lose confidence in public institutions.
The panel's claim assumes significance as it was Pillai, few months ago, who alleged that Chidambaram as home minister 'bypassed him' and had rewritten the affidavit.
The government on Thursday launched a Grievances Redress Cell for exporters and importers in a bid to improve the of the directorate general of foreign trade.
With the Lodha Committee seeking direction from the Supreme Court on appointment of former Union Home Secretary GK Pillai as observer to "guide" BCCI, the top brass of the board are unaware as to how the process of awarding nearly 100 pending tenders will be carried out.
Former Home Secretary G K Pillai's remarks on affidavit regarding LeT links of Ishrat Jahan on Friday triggered a political war of words with Congress questioning the timing of his claims and alleging that he was only parroting the ruling BJP's words.
"The inquiry committee was set up not to implicate anyone but to find the missing files," he said amidst allegations that the National Democratic Alliance government set up the panel to find faults in the previous United Progressive Alliance government.
Karunanidhi was convinced that using the 2G cases against the DMK and reopening the fodder case against Lalu Prasad Yadav were products of the Congress leadership's short-sightedness. A revealing excerpt from A S Panneerselvan's Karunanidhi: A Life.
Singh, now a Bharatiya Janata Party member of Parliament from Bihar, said what was the reason for the change of the affidavit when the Intelligence Bureau had said that Ishrat had links with Lashkar-e-Taiba terrorists.
Without naming P Chidambaram, he charged the then home minister with giving "colour" to terrorism by coining the term 'saffron terror'.
Young Shubman Gill was back in form with an unbeaten 66 after India 'A' bowlers set the platform, dismissing South Africa 'A' for 164 on the first day of the Unofficial Test.
The Supreme Court on Friday adjourned the hearing regarding the Justice (Retd.) R.M Lodha-led committee's recommendations and the Board of Control for Cricket in India's (BCCI) constant reluctance to accept all recommendations till December 14.
In a rare instance, the home ministry has asked a right of information applicant to prove he is an Indian before disclosing details about the one-member panel looking into the missing files related to the alleged fake encounter case of Ishrat Jahan.
Najeeb Jung on Friday called on Prime Minister Narendra Modi, a day after springing a surprise by tendering resignation as Delhi's Lt Governor even as he said that he had wanted to quit earlier but was asked by the PM to continue.
Former captain Anil Kumble said that many of the recommendations of the Lodha Committee report would be good for Indian cricket if they are implemented. "Many of the aspects of Justice Lodha recommendations are really good, especially the proposal to form Steering Committee of Players' Association. "If implemented, it will be good for Indian cricket," Kumble told reporters. The Supreme Court-appointed Lodha Panel had recommended the formation of players' association by a four-member steering committee comprising former union home secretary G K Pillai (chairperson) and former India cricketers Mohinder Amarnath, Kumble and Diana Edulji (ex-Indian women's team captain), to raise their concerns.
The Supreme Court on Monday is likely to give the final order on the implementations of Justice Rajendra Mal Lodha Committee's recommendation in the Board of Control for Cricket in India including removal of the current office bearers, while the perjury charges against BCCI chief Anurag Thakur could also come up for hearing.
Conflicting views are emerging over the proposal to ban Sanatan Sanstha, a right wing group allegedly linked to the killing of Govind Pansare.
Former Union Home Secretary G K Pillai on Thursday said that the affidavit submitted to the Gujarat high court in 2009 about Lashkar-e-Taiyba links of Ishrat Jahan and her accomplices, who were killed in an alleged fake encounter in 2004, was changed at the "political level".
A one-man inquiry panel of the home ministry, probing the missing files related to the case of alleged fake encounter of Ishrat Jahan, has been asked to expedite its work.
'Neither Modi nor the BJP have lost control over the minds and votes of their original supporters due to their tremendous political ability to play upon baser communal instincts.' 'But this buoyant support will melt away if the economic scenario remains depressing.' 'That makes 2020 an interesting year to watch out for,' notes Sheela Bhatt.
Pillai said that it was surprising to see that the minister, who is competent to revise the affidavit, was taking cover behind the home secretary.
The Supreme Court on Thursday observed that Board of Control for Cricket in India (BCCI) chairman Anurag Thakur prima facie appears to have committed matter of perjury in relation to demanding an intervention via a letter from the International Cricket Council (ICC) in order to sidestep the implementation of the Justice (Retd.) R M Lodha-led committee recommendations.
The Congress leader said he made the changes to improve the quality of the language as is any lawyer's wont in the second affidavit.
Parliamentary Affairs Minister M Venkaiah Naidu charged that the Central Bureau of Investigation was misused by the then United Progressive Alliance government to harass its political opponent and 'defame' the then Gujarat chief minister Narendra Modi.
'Amid the different versions of truth on the Ishrat case, what is certain is that Ishrat's mother Shamima Kausar, who has continued to maintain that Headley's confession was nothing but an attempt by powerful people to save themselves in the case, is unlikely to find a closure anytime soon.'
MCX-SX on Friday said the rights issue would now close on April 17.
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