The commerce department has opposed bringing tax-free special economic zones (SEZs) under the ambit of the proposed direct taxes code, arguing that it could hit the development of such zones and ultimately hurt exports.
A revamped national consumer price index, designed to better reflect the effect of rising retail prices on consumers, is likely to get delayed as the data collection process for the rural component of the index is not yet in place.
Trade ministers from key WTO countries will make yet another attempt in Geneva at the end of the month to push for a global trade deal.
Exporters may continue to get credit for taxes paid on inputs at the current rates despite a reduction in excise and service tax rates earlier in the year.
The tussle between the US and India over the ``restrictions’’ on imports of boric acid — a chemical used as insecticide and also in antiseptics, flame retardants and as a controlling agent for uranium fission — has intensified.
India and Canada are expected to formally start work on a free trade agreement (FTA) when Canadian Prime Minister Stephen Harper visits New Delhi next week.
Pharma exports from India are likely to be promised safe passage by the European Union after India took up the issue following seizure of two consignments while in transit through the region.
India’s economic growth in the ongoing fiscal could fall to 5.5% in the ‘worst-case scenario’ of a sharp decline in agriculture sector performance, the Planning Commission has projected.
Commerce and industry minister Anand Sharma feels there are signs the worst may be over for India’s exports sector. Despite the improvement, the government is working on another stimulus package for exports.
Egypt has invited India to build an ‘India industrial zone’ in the Suez development area for setting up joint ventures with Egyptian companies.
India and Pakistan have once again proved to all skeptics that when they talk business, they mean business! The signing of the new bilateral visa agreement replacing the restrictive 37 year old pact is yet...
It may not be easy for Indians to love the Chinese. But it is impossible to hate them. Yes, they do flood us with cheap products ranging from diyas and crackers to chemicals, metals, electronics...
If Pakistan needed to show proof of its sincerity in wanting closer economic ties with India, it has indeed done so. It finally walked the talk this week with its Federal Cabinet agreeing to put...
If Pakistan needed to show proof of its sincerity in wanting closer economic ties with India, it has indeed done so. It finally walked the talk this week with its Federal Cabinet agreeing to put...
The Indian media is full of stories on how the India-EU free trade agreement will not be signed during the India-EU summit in New Delhi on Friday. I wonder what made people think that the...
When the Pakistani Cabinet decided on November 2 to allow grant of most favoured nation or MFN status to India that would result in removal of import restrictions, the media, as expected, went to town...
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