The Federation of Indian Chambers of Commerce and Industry (FICCI) on Thursday welcomed the discussion paper that was recently brought out by DIPP (Department of Industrial Policy and Promotion) on National Manufacturing Policy.
In another sign of India's growing ties with China, the cabinet Wednesday approved a proposal for creating an economic wing to be headed by a minister (economic) in its embassy in Beijing.
Over 1.3 million handloom and powerloom units across Bangladesh have launched an indefinite strike demanding import of yarn from India through the Benapole land port to meet the current shortage and to arrest rising prices.
India Thursday made a strong pitch to woo tourists from Canada, with Tourism Secretary Sujit Banerjee and Pacific Asia Travel Association (PATA) delegates luring visitors with presentations on the country's exotic sites.
The Indian government has lowered its target for building highways to 12-13 km a day from 20 km in the current fiscal due to lack of adequate infrastructure and technology.
India will grow 8.2 percent in 2010 and 8.7 percent in 2011 but rising inflation will bog the country's policy makers, the Asian Development Bank (ADB) said on Tuesday.
The Indian banking industry which was dominated by public banks saw the rise of private banks post liberalization. The Indian banking industry today has become a behemoth is the driving force of the Indian economy. The Indian banking family is 12 public banks, 21 private sector banks, 44 foreign banks and 12 Small Finance banks long which is regulated by the apex bank of India- Reserve Bank of India (RBI).
The ministers reiterated their resolve to further strengthen the excellent bilateral ties which exist between the two countries, particularly in the areas of economy and commerce and allied fields," the external affairs ministry said.
The 3-day 'India Show' to be held from Tuesday, in Dubai will help to boost trade between India and the UAE, said the Federation of Indian Export Organisations (FIEO) on Monday.
The Indian economy could grow close to 8 percent in the last quarter of the current fiscal, in view of sustained economic activities in manufacturing, exports showing recoveries and industry intensifying it's capacity utilization, according to an industry lobby.
After a visit to the Mumbai offices of Indian Premier League (IPL), the tax administration proposes similar investigations in other cities as well to ascertain the source of funds of various franchises, officials in New Delhi said.
Moving beyond strategic issues, India and China will explore avenues of cooperation in agriculture and biotechnology when Chinese Vice-Premier Hui Liangyu holds talks with Indian officials later this week.
The Indian government expects to raise Rs.55,000 crore from the ongoing auctions of radio frequency spectrum for third generation (3G) telecom services and for rolling out broadband wireless internet services in the country, Communications Minister A. Raja said in New Delhi Tuesday.
India and Kazakhstan will soon finalise a civilian nuclear agreement, which will facilitate Indian investments in mining and supply of uranium from the central Asian nation, External Affairs Minister S.M. Krishna said in New Delhi on Wednesday.
Prime Minister Manmohan Singh has arrived in the Brazilian capital on Wednesday to attend two back-to-back multilateral summits that aim at greater cooperation among top emerging economies of the world.
India is set to add 347,463 jobs in the organised sector by the end of the first quarter of this fiscal as the robust turnaround in the economy has encouraged organisations to recruit new employees, says a global manpower consulting firm.
Looking ahead to global economy of the future, the US-India Business Council (USIBC) has launched a new education initiative aimed at strengthening institutional linkages between academia, industry and NGOs focusing on the elementary, vocational and higher education.
With an increasing number of Indian MSMEs embracing technology, the share of the sector to the nation's economy, exports and manufacturing set to surge in the coming years, according to a new report, which, however, has added that lack of credit availability still a concern for the sector.
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