The World Bank’s chief economist said he would recalculate national rankings of business competitiveness going back at least four years.
Six years after Modi stated FDI in retail would help “Italian businessmen”, his government has done away with mandatory sourcing conditions.
Beef traders were on strike for the last four days as a result of which the coastal state faced a scarcity of beef.
As digital firms move to displace more government roles over time, citizens will be increasingly subject to corporate, rather than democratic, control.
In the US, the proportion of workers in unions fell from a high of 35% in 1954, mostly in the private sector, to 11% in 2016, with nearly half in the public sector.
Little progress has been made in the talks marked by rigid positions, tension and secrecy despite five rounds of negotiations between Canada, the US and Mexico.
Past WTO conferences have also ended unsuccessfully. This, however, was the first time where there was no palpable appetite on the part of any country to even try and make it a success.
Developed countries claim that India’s price support for crops such as paddy and wheat have breached the cap prescribed by the WTO.
Stating that the WTO was ‘too easy’ on wealthier developing countries such as China, the US trade chief, criticised the organisations’s protectionism and advocated for a stronger multilateral system.
Unexpected November rains, rising crude oil prices and higher raw material costs due to GST caused prices to rise, say economists.
Shipping industry experts fear the proposed Enayam port, proximate to the Vizhinjam port in Trivandrum and the Vallarpadam port in Cochin, may not be sustainable.
India’s entry into the export control regime would enhance its credentials in the field of non-proliferation despite not being a signatory to the Non-Proliferation Treaty.
India’s exports turned negative with a 1.1% drop in October. There is fear that it could fall further in November with exporters finding it difficult to comply with GST.
“With sound political will, there is immense potential to transform the Line of Control into a line of commerce. Such a transformation can act as a driver of peace between India and Pakistan.”
Developed countries want to include new issues like e-commerce, investment facilitation and government procurement in the discussion.
The latest plan to get the controversial trade deal up and running again after the withdrawal of the United States involves freezing some of its controversial rules.
Gold is widely seen as a safe investment option in times of economic crisis. So is the gold import surge a sign of falling confidence in the Modi government’s economic management?
The 2007-08 financial crisis affected the world’s advanced economies in profound ways and the ripple effects continue to today.
The trade deficit and market access question could potentially become a problem between the two countries and start seeping into other better-managed bilateral issues.
India’s Lacklustre Approach Towards International Trade is Hurting its Foreign and Economic Interests
From alarming agricultural imports to losing Africa, India needs to aggressively protect its trade interests and explicitly link it to our foreign and domestic goals.
Food and beverages account for nearly half of the consumer price index basket and are largely dependent on the monsoons, nearly 70% of precipitation.
The announcement by the Securities Exchange Board of India (SEBI) late on Monday did not say what illegal activities the companies may have been engaged in.
Parrikar said in the House that the ban on sale of liquor along the highways was likely to cause a revenue loss of Rs 7 crore to the Goa government.
The best approach to solve the turf war is to have mandatory consultation between the regulators, which can be achieved by revisiting the legal framework.
Worried about the impact of the trade negotiations, a consortium of civil groups called the People’s Resistance Forum has asked for the talks to be called off.
The National Stock Exchange has surged 22% this year, just behind South Korea’s and Hong Kong’s markets making it South Asia’s third-best performing market this year.
Finance Minister Arun Jaitley said that these two reforms combined will “certainly lead to greater compliance, greater digitisation,” adding that “expansion of the tax base of direct and indirect taxes is already visible.”
Many believe that trading with Latin America is expensive and therefore should not be a priority. But statistics tell a different story.
The traders have incurred a loss of over Rs 5000 crore in the last 22 days, while 15 lakh labourers have lost their jobs due to the shutdown.
Investigations by the Income Tax department indicate that the sudden spike in the prices of particular pulses in 2015 was a consequence of the formation of international and Indian cartels of traders. These allegations are denied by the players concerned.
The Goods and Services Tax (GST) on gold has jumped to 3% from 1.2% previously, with traders and buyers saying the move will likely force more transactions into the black market.
Tamil Nadu is the only state to have imposed an additional 30% entertainment tax in addition to the GST for film trade.
India has a paltry water transportation system due to practical and policy difficulties, but trade with Bangladesh may open up avenues.
There are a few kinks to be worked out, but if implemented well, the manufacturing sector could be a GST winner while the telecom sector is likely to be worse off.
India needs to improve connectivity infrastructure and industrial laws to raise its ranking in world trade.
The attack, similar to the ransomware that infected more than 300,000 computers last month, also affected computers at Russia’s biggest oil company, Ukranian banks and multinational firms.
With this year’s joint statement reflecting new interests, here is a comparison of key issues from China and the Asia-Pacific, terrorism and Pakistan, to defense, economy and trade.
The deal comes as Prime Minister Narendra Modi met with US President Donald Trump.
India’s exports are not matched with world import demand. Shifting our exports to those items on which there is global demand requires a more dynamic trade policy.
The public interest litigation seeks the divestment of 32% shares held by public sector insurance companies in the tobacco major ITC.