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Nirmala Sitharaman says no to FDI in multi-brand retail

Last Updated: Saturday, May 30, 2015, 20:51

At present, 100 percent foreign direct investment (FDI) is allowed only in business-to-business (B2B) e-commerce and not in the retail segment.

Sitharaman-EU trade commissioner meeting next week on FTA

Last Updated: Tuesday, May 26, 2015, 17:16

Commerce Minister Nirmala Sitharaman will meet her EU counterpart Cecila Malmstrom next week to take stock of the proposed FTA at political level, European Union envoy Joao Cravinho has said while identifying cars and services among others as issues that need attention.

Nirmala Sitharaman to lead business delegation to Algeria

Last Updated: Saturday, May 23, 2015, 15:57

FICCI with the support of ministry of commerce and industry, and Indian embassy in Algeria are organising the India Pavilion at the 48th Algiers International Trade Fair.

Govt will consider repealing 51% FDI policy for retail

Last Updated: Thursday, May 21, 2015, 22:42

Government will consider repealing the 51 percent FDI policy in multi-brand retail, while no proposal would be entertained for opening supermarkets in India by foreign players, Union Minister Nirmala Sitharaman said.

No change in stand on retail FDI, says Commerce Minister

Last Updated: Thursday, May 14, 2015, 17:29

Facing criticism on retail FDI issue, the government on Thursday sought to downplay the continuation of the policy permitting 51 percent FDI in the multi-brand retail sector saying the BJP's stand remains the same on the matter.

Sitharaman, stakeholders discuss e-commerce FDI

Last Updated: Thursday, May 14, 2015, 14:45

The government on Thursday discussed various issues related to foreign direct investment (FDI) in the e-commerce sector with several stakeholders, including Flipkart, Snapdeal and industry associations.

Sitharaman to chair meet on FDI in e-retail

Last Updated: Wednesday, May 13, 2015, 22:51

Government will hold a meeting of all stakeholders including industry bodies and firms such as Flipkart, Snapdeal and Amazon Thursday to deliberate on foreign direct investment (FDI) in e-commerce retailing.

India-China trade deficit swells 34% to $48 billion

Last Updated: Wednesday, May 13, 2015, 16:50

Trade deficit between India and China increased about 34 percent to USD 48.43 billion in 2014-15 from USD 36.21 billion in the previous fiscal, Parliament was told Wednesday.

Govt proposes mechanisms to address exporters issues

Last Updated: Friday, May 8, 2015, 17:24

The government has proposed two institutional mechanisms to address issues facing exporters and engage in regular communication with stakeholders, Parliament was informed on Friday.

'US move to put India on Priority Watch List unilateral'

Last Updated: Friday, May 8, 2015, 16:07

India on Friday termed the US move to retain it on the 'Priority Watch List' on intellectual property rights (IPRs) concerns as a "unilateral measure" and it is inconsistent with the established norms of the WTO.

Core infra growth loses steam, falls to 3.5% in 2014-15

Last Updated: Wednesday, May 6, 2015, 14:35

Growth of the eight sectors slowed to 3.5 per cent in 2014-15 compared with 4.2 per cent in the previous fiscal.

FTA talks with India may conclude by year-end: Australia

Last Updated: Friday, April 24, 2015, 19:20

Australia on Friday said that negotiations with India on free-trade agreement are on track and expected to be concluded by the end of the year.