In an effort to attract investors to the Social Stock Exchange (SSE), the bourses have reached out to the Securities and Exchange Board of India (Sebi) and the government with the industry's demand for additional benefits on contributions made towards social enterprises through the platform. SSE is a regulated platform to facilitate organisations working towards social causes to raise funds and have access to higher capital through the bourses. The platform is aimed at becoming a meeting ground for donors and social enterprises.
There is a growing sentiment in the world and the global South in a way embodies it. But there's also political resistance, he said.
China's state-run trade union, which came under fire for not taking up workers' rights issue when they went on flash strikes demanding higher wages last year, has floated the idea of introducing collective bargaining to address labour disputes.
Modi is visiting the African country from August 22 to 24 at the invitation of South African President Cyril Ramaphosa. South Africa is hosting the first in-person summit of BRICS comprising Brazil, Russia, India, China, and South Africa, since 2019.
The United States is committed to move the multilateral trade talks forward this year but India, China and Brazil need to contribute to a positive outcome of the World Trade Organisation negotiations, US Trade Representative Susan Schwab has said.
Still the Reserve Bank of India will operate as usual and can provide funds via its overnight repo window, traders also said.
With OTDS being central issue in the Doha agriculture negotiations, trade negotiators said the latest move by the US was too little compared to its last year spending level of about $7 billion. US trade representative Ambassador Susan Schwab told reporters that its offer to bring the OTDS to $15 billion is contingent up on other advanced countries responding to ambitious market access offer in non-agricultural products and services.
Sharma met US trade representative Ron Kirk, agriculture secretary Tom Vilsack and deputy assistant to the president and deputy national security advisor for International Economic Affairs Michael Froman and other senior Obama Administration officials.
In its annual report on telecom sector, the US Trade Representative also said there were barrier concerns regarding supplying satellite services in China and India.
'They are geopolitical, commercial, educational, cultural and about innovation.' 'Also, they are about a common value system.'
The challenge for India will be to ensure the law does not get out of step with the demands of a country that needs foreign investment and new technologies.
The silver lining for India's presidency is likely to be the support by almost all G20 countries to its proposal to include the African Union as a permanent member of the bloc that has emerged as perhaps the most influential multilateral forum after the United Nations.
'... are losing faith in the institutions of government, where people do not believe that the institutions of government operate according to the Constitution, within the confines of the law, where these institutions are seen to be representing a small faction of a particular community against all other (minority) communities.'
The two leaders also took positive note of the growing bilateral cooperation in defence, counter-terrorism and energy, besides the co-ordination on regional and global issues, the officials said.
The RBI raked in a massive net income gain from foreign exchange currency sales as a buffer for the rupee during tumultuous geopolitical upheavals last year owing to Russia's invasion of Ukraine.
Schwab, 54, will serve on the audit and finance committees.
Manish Market and Lamington Road in Mumbai, and Chenoy Trade Center and Hong Kong Bazar in Hyderabad are the other four "notorious markets" identified by the US Trade Representatives in its report released on Wednesday.
The US continues to be concerned about the proposed 'Toys and Toy Products (Compulsory Registration) Order' being considered by the government of India.
United States President Joe Biden is all set to visit India and is 'very excited' about the important initiatives he will be championing at the G20 Summit in New Delhi, according to senior White House officials.
While the likes of senior Indian American officials in the Barack Obama administration -- namely Administrator of United States Agency for International Development Dr Rajiv Shah and Chief US Agricultural Negotiator in the Office of the US Trade Representative Islam 'Isi' Siddiqui -- enjoy a major public profile, there are others who have been flying under the radar but are rising stars nonetheless.
Securities regulator Guo Shuqing is tipped to take the helm at the $482 billion state investment vehicle, China Investment Corp, and China's chief trade representative, Gao Hucheng, is seen running the Commerce Ministry, two sources with leadership ties told Reuters.
"We will raise Rs 300 crore via bonds of two-, three- and five-year tenures. This will be our maiden bond issuance and is part of our effort to widen funding sources," says Vimal Bhandari, executive vice-chairman and chief executive officer (CEO), Arka Fincap. The firm, a subsidiary of Kirloskar Oil, is only five years old and small (assets of around Rs 5,000 crore with an "AA" rating), but the response to this float will be closely watched: It would be the first by a non-banking finance company (NBFC) after Mint Road upped the risk weights on bank exposures to them by 25 percentage points. The move by the Reserve Bank of India (RBI) has caught NBFCs off guard even though the issue had been flagged by Governor Shaktikanta Das with their corner-room occupants (and that of banks) in July and August 2023 - on consumer credit and the dependency on bank borrowings.
The US Congress is likely to approve trade preferences for the least developed and developing countries in the next few weeks, a move which will help Indian exporters as well.
Chinese observers believe the Sino-US relationship will be impacted by issues in North Korea, Japan, India, Ukraine and Iran and that conflicts with these 'third parties' will without exception ultimately become conflicts between China and the US, points out former RA&W officer Jayadeva Ranade.
Amid uncertainty over the mini-ministerial meeting starting today, the two powerful trade chiefs of the United States and the European Union sought India's assistance to break the deadlock over sectoral tariff elimination and the anti-concentration provision in return for supporting New Delhi's demand on enhanced flexibilities for special products and special safeguard mechanism
As among the fastest growing economies of the world, India, China and Brazil not only have developed a new level of influence at the global level, but are expected to take increased level of responsibilities to smoothen world trade, an official US report has said.
The Afghanistan Embassy in New Delhi announced Saturday night that it is ceasing its operations from October 1, citing a 'lack of support from the host government', failure to meet expectations in serving Afghanistan's interests, and reduction in personnel and resources.
The ruling Congress is seeking to retain power in Chhattisgarh by banking on the welfare schemes of the Bhupesh Baghel government, while the Bharatiya Janata Party is hoping to corner it on the issues of alleged corruption, religious conversions and unfulfilled poll promises.
Dr Siddiqui is currently the vice president, Science and Regulatory Affairs at the Washington, DC-based CropLife America, where he is responsible for regulatory and international trade issues related to crop protection chemicals.
With a view to advancing the US trade agenda and strengthening relations with Asian countries, the Deputy United States Trade Representative Karan Bhatia will visit India, Taiwan and Vietnam later this month.
The Obama administration has not received any specific assurances from India that it will help carry the developing countries with it to help successfully complete the stalled Doha Development Agenda, but the fact that New Delhi is hosting the World Trade Organization ministerial meeting exudes optimism in this regard, US Trade Representative Ron Kirk has acknowledged
Showing respect to the Indian flag, Prime Minister Narendra Modi on Wednesday immediately picked up the tricolour placed on stage at a BRICS meeting here to mark the standing place of every leader so as not to step on it.
United States President Joe Biden on Wednesday said that based on what he saw, it appears that the deadly explosion at the Gaza hospital was done by 'the other team' and not the Israeli military, accepting the Israeli version of the story pinning the blame for the blast on the Palestinian militant group Islamic Jihad.
There 'appears to be a conscious policy to create unfair preferences for Chinese industries by making raw materials cheaper for China's companies to get, and goods more economical for them to produce, US Trade Representative Ron Kirk said on Tuesday. The European Union has filed a similar complaint with the WTO.
India is most open to dialogue on the Doha round and trade negotiations among all major emerging markets, a top Obama Administration official has told the US lawmakers.
The US India Business Council expressed its unease over the Supreme Court on denying a patent on Glivec and said that this would impact innovation and investment climate in India as a time when the country needs foreign direct investment the most.
Trade tensions between India and the US have been rising with President Donald Trump complaining that tariffs imposed by New Delhi on American products were "no longer acceptable".
The US on Monday blamed India and China for creating hurdles in the ongoing WTO talks here and said Doha trade talks have been thrown into the "gravest jeopardy" by these two countries which are not willing to open their markets for more imports.
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