New Delhi: Having bitten the bullet on hiking fuel prices, the government is now looking at bringing reforms back on track. The government may bring Foreign Direct Investment (FDI) in multibrand retail and aviation soon. Commerce Minister Anand Sharma is likely to meet chief ministers of all states to address their concerns on multibrand retail. Some chief ministers believe FDI in retail will lead to losses for small traders. Both...
01:49 PM, May 24, 2012
New Delhi: The industrial production has unexpectedly dropped to minus 3.5 per cent as compared to just 4.1 per cent in February. This is the first time since October 2011 that the output has turned negative with a huge fall in manufacturing and capital goods. The falling industrial numbers is likely to have some major impact such as policy paralysis in the government and a negative sentiment in stock markets....
04:49 PM, May 11, 2012
On board special aircraft: President Pratibha Patil yet again came out with a strong defence of her foreign tours, saying she was forced to go public on the issue despite government clarifications. "Some things were explained in the briefing of the External Affairs Ministry. Commerce Minister Anand Sharma also said that it was very unfortunate to raise controversy over the President's visits. "Some things were such that I needed to...
03:51 PM, May 08, 2012
New Delhi: Prime Minister Manmohan Singh is likely to address the issue of crisis in managing the foodgrain stock in a meeting with Finance Minister Pranab Mukherjee, Agriculture Minister Sharad Pawar, Food Minister KV Thomas, Commerce Minister Anand Sharma and Deputy Chairman of Planning Commission Montek Singh Ahluwalia on Wednesday at 6.30 pm. While the original agenda of the meeting was to resolve what Sharad Pawar termed as UPA's ambivalent'...
07:06 PM, May 01, 2012
New Delhi: India decided to allow fresh cotton exports after a Group of Ministers meeting convened by the Prime Minister discussed the issue on Monday. Post meeting, Commerce Minister Anand Sharma said that India will allow "fresh cotton export registration". The GoM will now review the situation based on revised estimates and figures of crop size. The Opposition raised the issue in Parliament on Monday with JDU leader and NDA...
01:25 PM, Apr 30, 2012
New Delhi: Ahead of the Prime Minister's meeting on food stock, cotton and sugar, the issue was raised in Parliament on Monday. JDU leader and NDA convener Sharad Yadav demanded that the government open a war room to deal with the crisis faced by cotton farmers. He pointed out that although there had been record production of cotton over the past one year, there was no proper storage space and...
12:59 PM, Apr 30, 2012
New Delhi: Prime Minister Manmohan Singh has called a meeting on Monday to deliberate on the objections raised by Agriculture Minister Sharad Pawar over export of farm commodities such as sugar and cotton. The Prime Minister will chair two meetings on Monday, one of them would be on agricultural products, Commerce and Industry Minister Anand Sharma told reporters in New Delhi on Sunday. Pawar had earlier said, "There is no...
06:53 PM, Apr 29, 2012
New Delhi: In his now famous letter to the Prime Minister, Agriculture Minister Sharad Pawar had termed the UPA's agriculture policy on exports "ambivalent", "constantly prevaricating" and "against the interests of the farming community". Pawar even took on Commerce and Textiles Minister Anand Sharma and Food Minister KV Thomas, both of the Congress party, while claiming that the Prime Minister was on his side. However, Thomas has now refuted Pawar's...
10:45 AM, Apr 22, 2012
Jorhat: Planning Commission Deputy Chairman Montek Singh Ahluwalia on Saturday said tea would be declared as national drink by April next year. "The drink would be accorded national drink status by April 17 next year to coincide with the 212th birth anniversary of first Assamese tea planter and Sepoy Mutiny leader Maniram Dewan," Ahluwalia said while addressing the Platinum Jubilee celebrations of the Assam Tea Planters Association here. It was...
06:40 PM, Apr 21, 2012
London: The United Kingdom may reconsider the cancellation of post-study visas for Indian students. It has just been a fortnight since the UK cancelled post-study visas. Senior British ministers are reported to have given out an assurance that they will consider post-study work for Indian students. The post-study work route, which was closed from April 6 is most likely to be made more flexible for Indian students. There was sharp...
04:33 PM, Apr 17, 2012
New Delhi: Prime Minister Manmohan Singh has called a meeting of Finance Minister Pranab Mukherjee, Agriculture Minister Sharad Pawar, Commerce and Textiles Minister Anand Sharma and Food Minister KV Thomas on April 23 to address the concerns reflected in Pawar's letter to him earlier this month. Pawar had termed UPA's agriculture policy on exports 'ambivalent', 'constantly prevaricating' and 'against the interests of the farming community'. Pawar, in his letter, took...
11:32 PM, Apr 16, 2012
New Delhi: Just a day after opening a new integrated check post at the Attari border, India and Pakistan on Saturday said the countries were exploring the possibilities of opening more routes to deepen economic engagements. India's Commerce and Industry Minister Anand Sharma and his Pakistan counterpart Mohammad Amin Fahim directed officials to discuss possibilities of opening new routes and customs stations. "The ministers expressed the wish that discussions may...
12:09 AM, Apr 15, 2012
New Delhi: India's trade deficit is seen at $185 billion in the 2011/12 fiscal year on higher crude import bill, the trade minister said citing provisional data, which may worsen the country's current account balance and further weaken the rupee. Asia's third-largest economy imports nearly 80 per cent of its crude oil needs, leaving it vulnerable to the vagaries of the oil market. "The trade deficit is primarily because of...
02:47 AM, Apr 14, 2012
New Delhi: Improving the economic ties between the two nations, India on Friday said it will allow FDI from Pakistan paving the way for industries from the neighbouring country to set up businesses in the growing Indian market. "India has taken in-principle decision as part of trade normalisation process to allow foreign direct investment from Pakistan...," Commerce and Industry Minister Anand Sharma said after a meeting with his Pakistani counter...
11:17 PM, Apr 13, 2012
New Delhi: Improving the economic ties between the two nations, India on Friday said it would allow FDI from Pakistan paving the way for industries from the neighbouring country to set up businesses in the growing Indian market. "India has taken in-principle decision as part of trade normalisation process to allow foreign direct investment from Pakistan...," Commerce and Industry Minister Anand Sharma said after a meeting with his Pakistani counterpart...
12:26 PM, Apr 13, 2012
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