Commerce Ministry

  • Finance, Commerce Ministries to join Twitter to expand government's reach July 6, 2014

    New Delhi: Important ministries like Finance and Commerce will soon join Twitter as part of government's effort to use social media in communicating with citizens. The micro blogging site, which has about 18 million users in India, is engaging with the government to help various ministries use the platform to...
  • Agriculture Ministry closely monitoring rising price of food items June 17, 2014

    New Delhi: The Union Agriculture Ministry is monitoring rising onion prices and other commodities. According to ministry officials, they are in touch with the Finance Ministry. A senior official said, "We are in constant touch with the Finance Ministry and will soon come with some measures to check rising prices. Officials...
  • Ficci backs Modi government proposal to enhance FDI in Defence June 14, 2014

    New Delhi: Endorsing the government's proposal to liberalise FDI in the country's defence sector, Ficci on Friday said that the move will raise manufacturing capability and could be used to achieve self reliance in critical defence technologies. "Ficci welcomes the proposal put forth by the Ministry of Commerce & Industry to...
  • Commerce Ministry seeks EC approval for railway FDI proposal March 13, 2014

    The Ministry of Commerce and Industry has sought approval of the Election Commission of India to move ahead with its proposal to liberalise the overseas investment policy in railways. The Cabinet can take a decision on the matter only after the Election Commission's approval. "As the model of conduct is in force...
  • Farmers affected by import of poppy seeds from Turkey January 24, 2014

    Unable to get a good price for their cultivation of poppy seeds because of its import from Turkey, the farmers of Malwa and Mewar region have taken up the issue with higher-ups seeking help to end their woes. Poppy seeds, popularly known as 'khus-khus', are primarily used for value addition in...
  • Using gold reserves was just a suggestion, clarifies Anand Sharma August 30, 2013

    Clarifying his stand on the use of gold reserves to control the fiscal deficit said that it is not the government's decision but was just his suggestion. He added that despite the volatility in the economy there is no need for panic noting that the macro fundamentals of the country...
  • Pak Commerce Ministry asked to speed up MFN process to India January 4, 2013

    Islamabad: Against the backdrop of a missed deadline for normalising trade relations with India, Pakistan on Friday said the federal cabinet had reiterated its resolve to grant Most Favoured Nation-status to the neighbouring nation. The cabinet, during its meeting on Thursday, discussed the issue of normalising trade ties and reiterated...
  • Andhra MP Purandeshwari to get Commerce Ministry October 27, 2012

    Expressing her gratitude to her party, the Andhra Pradesh MP said that she is grateful to Congress president Sonia Gandhi, party general secretary Rahul Gandhi and Prime Minister Manmohan Singh for considering her. Daggubati Purandeswari said that she will try to give her best to the job. ...
  • Man sends forged letter to Sibal in minister's name August 27, 2012

    New Delhi: An unidentified person had sent a letter to Telecom and HRD Minister Kapil Sibal using a forged letter head of Commerce Minister Anand Sharma in March and efforts are on to trace him, police said on Monday. An FIR in this regard was registered last week after a complaint...
  • India remains a top FDI destination: Anand Sharma July 16, 2012

    Commerce Minister Anand Sharma has said that the government had taken note of US President Barack Obama's remarks on economic reforms in India and said that despite everything, India had an investor-friendly climate. ...
  • I think the Finance Ministry is fair: Anand Sharma June 1, 2012

    Commerce Minister Anand Sharma says the Finance Ministry has come out with number of notifications easing investment flows. ...
  • India's export grows by 3.2 per cent in April 2012 June 1, 2012

    New Delhi: India's exports grew by a mere 3.2 per cent year-on-year to $24.4 billion in April 2012 mainly due to the slow demand in western markets like Europe. Exports stood at $23.6 billion in April 2011, according to data released by the Commerce Ministry in New Delhi on...
  • India to allow fresh cotton exports April 30, 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...
  • Commerce Ministry official stabbed in Delhi March 31, 2012

    New Delhi: Two unidentified men stabbed a senior Commerce Ministry official after he spotted them at his house in south Delhi during a suspected theft attempt, police said on Saturday. The incident has been reported from Vasant Kunj on Friday night and the victim has been identified as Vijay Kumar Gupta,...
  • Cotton exports to neighbouring nations to resume March 24, 2012

    New Delhi: India on Friday allowed cotton exports to neighbouring countries, including Pakistan and Bangladesh, via land route after scrutinising the orders issued before the government imposed a ban on March 5 which has since been partially revoked. On March 5, the government had imposed a ban on cotton exports...
  • Government lifts ban on cotton exports March 11, 2012

    New Delhi: The government on Sunday lifted its ban on cotton exports, with Commerce Minister Anand Sharma saying that the interests of the farmers, traders and industrialists had been kept in mind to make a balanced decision. "Keeping in view the interests of farmers, traders and industrialists, a balanced view had...
  • 'India's cotton exports ban against trade norms' March 9, 2012

    Dhaka: The Commerce Ministry has said India's ban on cotton export was against global trade norms, and repeatedly stopping the shipments of the natural fibre by the country impacted Bangladesh's textiles industry. "India imposed ban on export of main raw material leaving aside trade rules and regulations. We think it (ban)...
  • Cotton exports ban: GoM to meet today March 9, 2012

    New Delhi: A group of ministers will be meeting on Friday at 5:00 pm to discuss the row over the ban on cotton exports. Prime Minister Manmohan Singh had asked the Commerce Ministry's decision to ban cotton exports to be reviewed. Gujarat Chief Minister Narendra Modi and Agriculture Minister Sharad Pawar had...
  • No rollback of FDI in retail: Commerce Minister December 3, 2011

    New Delhi: Commerce Minister Anand Sharma has said that the government is committed to implementing FDI in retail. Speaking exclusively to Karan Thapar on the Devil's Advocate, Sharma said that there was no question of a rollback on the announcement in FDI in retail. "Why should it be rolled back. We...
  • India may raise visa issue with UK on Tuesday September 26, 2011

    New Delhi: India is expected to raise the problems faced by Indians in getting visa to the UK with the visiting British Secretary of State for Justice in New Delhi on Tuesday. Commerce and Industry Minister Anand Sharma, who will meet UK Secretary of State for Justice Kenneth Clarke, may...
  • Rice import row returns to haunt Kamal Nath December 19, 2009

    New Delhi: The West African country of Ghana has alleged there was fraud in the import of rice from India in 2009 and has urged an investigation into how the Commerce Ministry, which was then headed by Congress leader Kamal Nath, handled the imports. The Commerce Ministry last year recommended the...
  • Ministers absent in House, Opposition ticks off Govt August 6, 2009

    New Delhi: The Government on Thursday faced embarrassment in the Lok Sabha when the Opposition questioned it for moving a Bill in the absence of two ministers concerned and forced the adjournment of the House for about an hour. The proposed legislation, Rubber (Amendment) Bill 2009, was being moved by Minister...
  • Profiles: Anand Sharma is Mr Popular May 29, 2009

    New Delhi: Anand Sharma, 56, who served the Congress Party as a spokesman for years, will now be India's chief spokesman at multilateral trade bodies like World Trade Organisation seeking fair deal for the country. His well-measured words and oratory skills, which got polished as the...
  • Kamal Nath, free-market envoy walks a lonely road May 28, 2009

    New Delhi: Kamal Nath, who entered politics courtesy Sanjay Gandhi and strongly believed in the Gandhi scion's socialist vision, today represents everything that is 'free-market' and was among the top high-flying ministers in his previous role as Commerce and Industry Minister. But now in the second UPA term, his portfolio of...
  • Dealing with recession a priority: Kamal Nath May 22, 2009

    Incumbent Minister Kamalnath says priority will be given in the next 100 days to modify India's policies to deal with the recession ...
  • Outsourcing to India not hurting you: FICCI tells US February 20, 2008

    Chicago: India Inc, which is facing the heat from US Presidential candidates who blamed 'shipping jobs' to China and India for rising US unemployment, has launched a counter-offensive by telling Americans that the industry is creating new work opportunities for them. A full-page advertisement in the Chicago Tribune on Tuesday, issued...
  • IT industry upset over rising rupee June 12, 2007

    Hyderabad: In the past quarter, the rupee has risen almost 9 per cent against the dollar and the outsourcing sector is feeling the heat. It has appealed to the Commerce and Finance Ministries to give the issue immediate attention. Says Satyam Chairman, Ramalinga Raju, "We are collectively, as an industry,...
  • Commerce Ministry fishes for biz June 7, 2007

    Mumbai: India's sea food exports have risen by $500 million in the last four years - a growth scaled in the previous 10 years. At a little under $2 billion, that's a fraction of India's total exports of $125 billion. But sea food exports are hugely job generating, employing...
  • Hema lets down fans for UP polls April 9, 2007

    New Delhi: Veteran Bollywood actor and Rajya Sabha MP Hema Malini has declined the Commerce Ministry's request to accompany a government delegation to Azerbaijan and Uzbekistan. Hema was extended an invitation by Minister of State for Commerce Jairam Ramesh to join the government delegation to these countries where her films remain...
  • Rehab onus on SEZ developer: Centre June 17, 2007

    New Delhi: Special Economic Zones (SEZs) seem to have become political tools in the hands of politicos and so the Government on Wednesday announced some changes in the process of undertaking land for the construction of SEZ. After the recent killings in Nandigram, the Centre announced changes in the rules and...