Posts by Banikinkar Pattanayak
Narendra Modi and labour refocus: Notification on fixed-term employment in garments in 10 days, says textile secretary
On June 22, the Narendra Modi government announced some crucial labour reforms for the garment sector, including the introduction of fixed-term employment, and offered a R6,000-crore special package, aimed at creating one crore additional jobs over the next three years.
India is preparing to approach a panel of the World Trade Organization (WTO), seeking its endorsement that the country has complied with a ruling of the multilateral body on a case filed by the US challenging an Indian ban on…
After losing a case to the US at the World Trade Organization for favouring local manufacturers in its solar power programme, India is finalising a scheme to subsidise both domestic and foreign companies that will manufacture in the country.
The ministries of commerce and finance are undertaking a “sensitivity analysis” of import duties on products that are crucial to revenue collection of the government, a senior government official told FE.
Negotiations for exporting one million tonne of non-basmati rice to Indonesia from official reserves seem to be stuck, with Jakarta yet to respond to New Delhi’s call for sealing the deal at the earliest, sources told FE.
Trade competitiveness: Commerce Ministry wants Indian Railways to cut freight rates for export items
The commerce ministry is in talks with the railways and port authorities on how to reduce logistics costs to boost exports, which dropped in 20 of the 21 months through August.
Some developed nations, especially the US, have been vigorously pushing for the inclusion of new topics at the WTO
Sanjay Budhia, co-chair at the CII national committee on international trade and exports, even pitched for an 8-9% devaluation of the currency to make exporters competitive.
Scrapping trade lines hinges on reciprocity
The commerce ministry is pitching for a reasonable and presumptive tax structure for the diamond industry — roughly similar to the one in Belgium — in the special notified zone (SNZ) to help India emerge as a global trading hub in the precious stones, reports Banikinkar Pattanayak in New Delhi.
Amid differences among various wings of the government on a move to further curb foreign direct investment (FDI) in the tobacco sector, the commerce ministry has said it supports the proposal…
India and the US will on August 30 hold the crucial strategic and commercial dialogue (SCD), in which New Delhi will voice its concerns over a sharp hike in H-1B visa fees, an elusive totalisation agreement and Washington’s growing “protectionism” in services, reports Banikinkar Pattanayak in New Delhi.
The World Bank is likely to wrap up its ranking of Indian states by the end of August on reforms undertaken by them on the ease of doing business. “States have submitted about 7,000 items of information regarding the reforms they have undertaken on the ease of doing business.
Amid growing clamour for the department of industrial policy and promotion (DIPP) to act against e-commerce players like Amazon, Flipkart and Paytm for alleged violation of FDI policy by them, DIPP secretary says any complaint of violation of FDI policy may be filed with the RBI/ED
After hitting an 11-year low in 2015, investment proposals for the industrial sector rose a tad in the first half of this calendar year from a year ago, reports Banikinkar Pattanayak in New Delhi.
Top producer Maharashtra has sold less sugar in the current marketing year though September than a year earlier despite a spurt in prices in recent months, in stark contrast with other key states
Only 3 states have acted on the Centre’s directive on stock limits.
The commerce ministry, which is the administrative authority of boards regulating plantation crops, has strongly been advocating the coverage of such crops under the PMKSY.
A 101% jump in gold jewellery exports from special economic zones (SEZs) and export processing zones (EPZs) in the first quarter of this fiscal from a year before
The next ministerial meet for the 16-nation Regional Comprehensive Economic Partnership (RCEP), scheduled for August 5 in Laos, will have to address stark differences among members on not just services but also investments, commerce ministry sources pointed out.
In a first, the government is planning to launch a cotton price index of its own, taking into account benchmark rates from four different sources, as it attempts to curb speculations across various markets and trading platforms, and bring about further transparency in the price discovery mechanism.
India is hopeful of an amicable resolution to the trade dispute with the US on the import of American poultry products at the World Trade Organisation (WTO), official sources said.
Sources told FE that the TPF meeting, scheduled for October 19 and 20, will focus on four key areas: services, investments, agriculture and intellectual property rights (IPRs).
India could seek inputs from some of the richest nations on a draft trade facilitation agreement (TFA) on services before submitting it formally with the World Trade Organization…
Commerce and industry minister Nirmala Sitharaman says Britain wants informal talks on a likely trade pact with India to continue until its exit process with the EU is over.
Handicraft sector worried weak economic sentiment in Britain will hit exports
Even as the 16-nation RCEP (Regional Comprehensive Economic Partnership) ministerial in Laos on August 5 will mainly focus on liberalisation in goods trade, India has made it clear that it doesn’t favour an “early harvest”, a person aware of the developments told FE.