Surya Gangadharan, International Affairs Editor, CNN-IBN says, India figures even below the ASEAN countries in China's Foreign Policy priority list.
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03:26 PM, May 23, 2013
New Delhi: Overseas investors have poured in nearly Rs 12,000 crore (about USD 2.2 billion) into the Indian equity market so far this month. With this, the total foreign investment in the country's equity market has reached Rs 73,029 crore (USD 13.5 billion) since January. During May 2-17, foreign institutional investors (FIIs) were gross buyers of shares worth Rs 37,997 crore, while they sold equities amounting to Rs 26,005 crore...
11:58 AM, May 19, 2013
New Delhi: The panel looking into retail major Walmart's lobbying activities with American lawmakers for its entry into the Indian market is likely to submit its report to the government in a day or two. The one-man committee, headed by former Chief Justice of Punjab and Haryana High Court Mukul Mudgal, has finalised the report. Sources said the report is expected to be submitted to the government "this week". The...
02:20 PM, May 18, 2013
New Delhi: Gujarat Chief Minister Narendra Modi accused the UPA government of bonding with the enemies and attacked the Centre's foreign policy, while addressing the Indian diaspora in the US via video conferencing on Monday. "Our army personnel get decapitated and we send chicken biryani to the prime minister of the country responsible for it. I can't understand why the Indian government is asking its own troops to withdraw from...
10:51 AM, May 13, 2013
Guwahati: Assam Chief Minister Tarun Gogoi has requested Prime Minister Manmohan Singh to increase the number of foreigners' tribunals in the state from the existing 36 to 100. Gogoi met the prime minister at the latter's residence in New Delhi on Wednesday and appealed to increase the number of tribunals as the existing ones are inadequate to dispose of the large number of pending cases, leading to harassment of genuine...
05:55 AM, May 09, 2013
New Delhi: The government on Tuesday said it has cleared 17 foreign direct investment proposals totalling Rs 262.56 crore, including that of Sanofi-Synthelabo (India). The proposals were cleared following recommendations by Foreign Investment Promotion Board (FIPB) headed by Department of Economic Affairs Secretary Arvind Mayaram, an official statement said. Sanofi-Synthelabo's proposal was regarding acquisition of a pharma company through internal accruals. The company proposes to bring in FDI worth Rs...
08:55 PM, May 07, 2013
New Delhi: The government on Thursday allowed Swedish furniture major IKEA to invest Rs 10,500 crore - the biggest ever FDI proposal in single brand retail - for setting up home furnishing stores in the country. "Whatever proposal of IKEA was there has been cleared," Information and Broadcasting Minister Manish Tewari told reporters after the application was cleared by the Cabinet Committee on Economic Affairs headed by Prime Minister Manmohan...
09:30 PM, May 02, 2013
New Delhi: Enforcement Directorate may have seized assets worth Rs 2,357 crore in 2012-13, a seven fold increase from previous fiscal, but it sees the cases of money laundering, forex violations and other economic offences probed by it as just the "tip of the iceberg". The ED has stepped up its prosecution in money laundering cases and is planning to take steps, including filling 1,400 posts, to go full throttle...
05:20 PM, May 01, 2013
New Delhi: Rejecting the Defence Ministry's view on foreign direct investment, a Parliamentary committee has recommended enhancement in FDI limit to attract foreign companies as it would benefit the Indian defence sector in the long run and save precious foreign exchange. The Standing Committee on Defence took note of the divergent views within the Ministry over the issue. While the Department of Defence Production opposes FDI, the DRDO favours it,...
02:45 AM, Apr 30, 2013
Mumbai: The rupee on Monday gained six paise to 54.31 against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by exporters. Strengthening of euro and yen against the dollar in overseas market and a higher opening in the equity market also supported the rupee, forex dealers said. The rupee had lost 15 paise to close at 54.37 on Friday on...
09:57 AM, Apr 29, 2013
New Delhi: Overseas investors pumped USD 823 million into the stock markets in the month of April, taking the total investment tally to over USD 11 billion in 2013 so far. Foreign institutional investors (FIIs) infused a net amount of USD 823 million (about Rs 4,450 crore) in Indian stock market in March taking the total inflows to USD 11.2 billion (Rs 60,072 crore) in less than four months of...
01:50 PM, Apr 28, 2013
Gandhinagar: Gujarat Chief Minister Narendra Modi launched a fresh attack on the Centre on Saturday by dubbing it "weak" and alleging that the government has suffered a "total blackout" in its foreign policy and failed on all fronts, including on the issue of death row convict Sarabjit Singh, who was attacked in a Lahore jail on Friday and is currently on ventilator support in a hospital. "We cannot look at...
03:17 PM, Apr 27, 2013
Washington: Walmart continued to lobby with the American lawmakers over Indian retail FDI rules during the first quarter of 2013, even as a probe is underway into the global retail giant's US lobbying activities for facilitating its India entry. In its latest lobbying disclosure report filed with the US Senate and the House of Representatives for the quarter ended March 31, 2013, the various lobbying issues of Walmart during the...
03:40 PM, Apr 23, 2013
Washington: India received $69 billion remittance in 2012, the highest in the world, followed by China with $60 billion and the Philippines $24 billion, World Bank data showed. Other major recipients of foreign remittances were Mexico with $23 billion and Nigeria and Egypt with $21 billion each, according to the latest edition of the World Bank's Migration and Development Brief released here on Friday. "India remains the largest recipient country...
07:40 PM, Apr 20, 2013
Washington: Increasing Foreign Direct Investment in the insurance sector is top priority for the ruling UPA, Finance Minister P Chidambaram said on Saturday, hoping that a bill to address the issue will be passed in the upcoming Parliament session. Responding to questions at the Peterson Institute, Chidambaram appreciated the efforts of the insurance industry in reaching out to the opposition parties and hoped that this would help the political parties...
01:31 PM, Apr 20, 2013
Mumbai: The rupee weakened by 26 paise to trade at 54.78 against the US currency on Monday over sustained dollar demand from banks and importers amid its higher value overseas. The rupee resumed lower at 54.65 per dollar as against the last weekend's level of 54.52 at the Interbank Foreign Exchange (Forex) Market. It hovered in a range of 54.64 and 54.79 per dollar before quoting 54.78 at 10.40 am....
11:52 AM, Apr 15, 2013
Mumbai: Rising for the third straight day, the rupee on Tuesday appreciated further by 13 paise to 54.43 against the dollar in early trade at the Interbank Foreign Exchange (forex) market on sustained selling of the US currency by exporters. Besides, a strong opening in the domestic equity market and strength in the euro against the dollar overseas also supported the rupee, forex dealers said. The rupee had gained 25...
09:59 AM, Apr 09, 2013
New Delhi: Advocating an open set of rules for overseas investors, NRI industrialist Lord Swraj Paul has said that India should just specify the level of permitted foreign investment in each sector and let the companies accordingly invest without any individual approval procedures. Terming the current economic problems as a course correction and a passing phase, he also said that India's economic growth prospects remain intact and the country needs...
12:56 PM, Apr 08, 2013
Srinagar: The Dutch national arrested on charges on murdering a Briton inside a houseboat in Srinagar was on Sunday remanded in 10-day police custody by a local court. De-Wit Richard was produced before a magistrate at his official residence by the police, which sought his custody, sources said. The magistrate gave police the custody of Richard for 10 days. Richard was arrested from Qazigund town of south Kashmir on Saturday...
02:59 AM, Apr 08, 2013
Kolkata: To get aspiring business leaders from foreign countries join their courses, IIMs are now trying to get accreditation from two global bodies and the authority to award degrees rather than diplomas in business management. "Considerable progress has been made towards enabling the IIMs to award degrees rather than diplomas. Though the PGDM of the IIMs is very well recognised in industry, a degree would help in strengthening the reputation...
09:26 AM, Apr 07, 2013
