Page 17 - India Trade Policy

Investing in India: View from Taipei

There is opportunity but competition is stiff and India needs to liberalise trade policy

Overall trade gains may be limited for India in FTA with UK: GTRI

Negotiations for the FTA are in the final stages, with both countries engaged in weekly discussions

The essentials of G20's corridor initiative

From trade to diplomacy, there is much to commend in the India-Middle East-Europe Corridor

India, Tanzania to sign 15 agreements with eye on $10 bn trade: Makamba

India and Tanzania will sign 15 agreements covering different areas of cooperation, Tanzanian Foreign Minister January Yusuf Makamba said ahead of the bilateral talks between visiting President Samia Suluhu Hassan and Prime Minister Narendra Modi on Monday. The presidential visit from Tanzania to India is taking place after a span of more than eight years. "This is a very important visit for Tanzania. The big announcement we expect here is regarding the elevation of the bilateral relations into a strategic partnership. We expect that commitments on enhancement of trade and investment will be announced. We expect an announcement on about 15 agreements covering different areas of cooperation, both government to government but also with private entities," Makamba told PTI on Sunday. The Tanzanian foreign minister, who has already taken part in bilateral discussions with his Indian counterpart, S Jaishankar, is optimistic that India, as a significant partner in the Official Development

Sebi slaps Rs 55 lakh penalty on 11 entities for non-genuine trades

Capital markets regulator Sebi on Thursday slapped penalties totalling Rs 55 lakh on 11 entities for indulging in non-genuine trades in illiquid stock options segment on the BSE. In 11 separate orders, the regulator slapped a fine of Rs 5 lakh each on Sanjay Kumar Agarwal HUF, Manoj Agrawal, Kanta Didwania, Harish Chandra Baldewa, Daksha Kirit Patel, Bestway Dealcom, Ziya Merchandise, S K Agarwal, and Sons HUF, Sumit Agarwal, Spectrum Technoprojects Pvt Ltd, and Sanjeev Mittal HUF. The orders came after the regulator observed large-scale reversal trades in the illiquid stock options segment on the BSE, leading to artificial volumes on the exchange. The Securities and Exchange Board of India (Sebi) conducted an investigation into trading activities of certain entities engaged in the segment from April 2014 to September 2015. The entities to be fined were among those who indulged in reversal trades. Reversal trades are non-genuine as they are executed in the normal course of trading

Trade regulator CCI gives nod to deal involving Lanco Amarkantak Power

Fair trade regulator CCI on Tuesday granted approval for the acquisition of Lanco Amarkantak Power by PFC Projects, REC, SJVN and Damodar Valley Corporation. PFC Projects, which is into electricity generation and distribution, and REC, which is a non-banking financial company, are subsidiaries of Power Finance Corporation (PFC). SJVN is mainly into hydroelectric power generation while DVC is a statutory corporation. The latter is engaged in the businesses of power generation, transmission, and water management. The proposed combination relates to acquisition of 100 per cent shareholding of Lanco Amarkantak Power by PFC Projects, REC, SJVN and Damodar Valley Corporation (DVC), according to an official release. Lanco Amarkantak Power Ltd is into power generation. The Competition Commission of India (CCI) said it has approved the proposed deal. Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices and promotes fair ...

Exporters seek more sops for value-added products under Rodtep scheme

Say current structure provides higher refund rates on lesser value-added goods

Fresh Canada investments in Indian renewable firms may slow down: Bernstein

Brookfield, another Canadian firm eyeing the Indian market, has an existing 4 GW portfolio. The company has invested $1 billion in Avaada Energy and $361 million in CleanMax

CTI urges Centre to ban lentil import from Canada amid heightened tensions

Delhi traders' body CTI on Monday urged the Central government to ban import of lentil (masur) from Canada, over Ottawa's allegations relating to the killing of a Khalistani separatist on Canadian soil. In a letter to Union Commerce Minister Piyush Goyal, the Chamber of Trade and Industry (CTI) said that there was a need to exert economic pressure on Canada. A growing dispute between India and Canada has erupted following allegations made by Canadian Prime Minister Justin Trudeau over the killing of Khalistani separatist Hardeep Singh Nijjar. Chairman of CTI, Brijesh Goyal, said that the development has sent ripples through the business world. Indian traders have demanded that India should ban import of lentils from Canada, which is a major supplier. "Canada is becoming a stronghold of Khalistanis and their anti-India sentiment was displayed by protests at the Indian embassy. However, Trudeau is making politically motivated statements in view of upcoming elections in Canada," he ..

Rupee appreciates by 38 paise to 82.75 against US dollar in early trade

The rupee appreciated by 38 paise to 82.75 against the US dollar in early trade on Friday, as the inclusion of India in the JPMorgan bond index boosted investor sentiment. Forex traders said the decision of JPMorgan Chase & Co to include Indian government bonds in its benchmark emerging-market index, is expected to have far-reaching implications for India's debt market and global investors. At the interbank foreign exchange, the domestic unit opened strong at 82.75, registering a gain of 38 paise from its previous close. On Thursday, the rupee consolidated in a narrow range to settle 2 paise lower at 83.13 against the dollar. India's inclusion in a major global bond index will open doors to increased foreign investment in the nation's debt market, traders said. "The inclusion of India in the JPMorgan bond index has had a favourable effect on the rupee, with the currency showing strength by appreciating around 0.42 per cent in the NDF markets and reaching levels around 82.80," CR .

Navigating the evolving trade landscape

In an era of shifting trade dynamics, India stands at the crossroads of opportunity, but being adaptable will be key

Govt seeks to allay concern over 'retaliatory' duty cut on US apples

In fact, the move will result in competition in the premium market segment, ensuring better quality at better prices for consumers

India, US to set up mechanism to enable steel exports at concessional rates

The additional tariffs had impacted $1.21 billion worth of India's exports of steel and aluminium to the US in 2018

India's rising Africa bet: FDI outflows at $14 billion, shows data

Total trade between African nations and India was almost $100 billion in 2022-23

India's restrictive trade policy is working great, but for Vietnam

One way to think about this is that India is first damaging its competitiveness, and then compensating firms to set up factories in the country

India, Britain could sign free trade agreement this year: Trade ministry

New Delhi sees an FTA with Britain as crucial to hopes of becoming a bigger exporter, while the UK would obtain wider access for its whisky, premium cars and legal services

Back to the new-old: West wind, East wind, or the warnings of a storm?

India has been well and truly bitten by the big-country bug, and is committed once more to import substitution-on-crutches, writes T N Ninan

Petroleum products dominate trade between India, France, shows data

France's share in India's total FDI remains modest

DPIIT identifies 106 companies from 30 countries for strategic investments

The Department for Promotion of Industry and Internal Trade (DPIIT) has identified as many as 106 companies across sectors from 30 countries under its strategic investment targets initiative, an official said. The initiative is aimed at promoting investments in the country. The initiative was recently discussed during a meeting convened by the Commerce and Industry ministry with industry and exporters. "An outreach was conducted through the ministry and meetings and video conferences are being set-up with leadership of these companies," the official said, adding that under the initiative, there is also a plan to engage with people of Indian origin (PIO). The government is taking a series of measures such as reducing the compliance burden, easing foreign direct investment norms, rolling out of logistics policy, announcement of production-linked incentive scheme for 14 sectors, and easing procedures through the national single window system to promote investments into the country. T

India best-performing in South Asia in terms of trade facilitation: UNESCAP

India is now the best-performing nation amongst all the countries of South Asian region in terms of trade facilitation, as per the United Nations Economic and Social Commission for Asia Paci?c's (UNESCAP) report. As per the Global Survey on Digital and Sustainable Trade Facilitation, India improved its score compared to 2021 survey. The 2023 survey, covering more than 140 economies and evaluating 60 trade facilitation measures, has positioned India at the forefront of global trade facilitation e?orts, with an impressive score of 93.55 per cent in 2023 vis a vis 90.32 per cent in 2021. The 2023 survey has recognised India's exceptional progress across various sub indicators, with the country achieving a perfect score of 100 per cent in four key areas: Transparency, Formalities, Institutional Arrangement and Cooperation, and Paperless Trade. These remarkable scores are a testament to India's relentless e?orts in streamlining trade processes, enhancing transparency, and promoting ...