transaction costs

NDA allocated coal block arbitrarily, says Sibal


August 29th, 2012 - 8:07 pm ICT by IANS
New Delhi, Aug 29 (IANS) Communications Minister Kapil Sibal said here Wednesday that the BJP-led National Democratic Alliance (NDA) government had arbitrarily allocated coal blocks during 1998-2003."There were no investigations ... Read more...

Posted in Politics |

Indian banks should electronically transmit export data


July 27th, 2012 - 10:09 pm ICT by IANS
Chennai, July 27 (IANS) Banks in India should adopt the electronic bank realisation certificate (EBRC) scheme to reduce the transaction costs for exporters, said a top government official."The software glitches ... Read more...

Posted in Business |

RBI steps in to control rupee slide


May 10th, 2012 - 4:30 pm ICT by IANS
Mumbai, May 10 (IANS) The Reserve Bank of India (RBI) Thursday asked exporters to convert at least 50 percent of their foreign exchange holdings in rupee, a move seen to ... Read more...

Posted in Business |

CEOs bearish on 2012 investment prospects: CII


December 4th, 2011 - 3:38 pm ICT by IANS
New Delhi, Dec 4 (IANS) A majority of the country's leading CEOs feel that domestic and international investments are likely to register single digit increases or even decline in 2012, ... Read more...

Posted in Business |

Pakistan’s MFN status to India is win-win for both


November 3rd, 2011 - 5:09 pm ICT by IANS
New Delhi, Nov 3 (IANS) Pakistan's Most Favoured Nation (MFN) status to India will help businesses on both sides to cut transaction costs sharply even as more direct trade will ... Read more...

Posted in South Asia |

Pawar calls for agriculture reforms


October 21st, 2011 - 10:32 pm ICT by IANS
New Delhi, Oct 21 (IANS) Agriculture Minister Sharad Pawar Friday called for reforms in agricultural marketing to enable farmers to get best prices for their products.The prevailing system of regulated ... Read more...

Posted in Business |

National Manufacturing Policy will create 100 mn jobs: CII


October 16th, 2011 - 1:10 pm ICT by IANS
New Delhi, Oct 16 (IANS) The National Manufacturing Policy, recently cleared by a group of ministers (GoM), will increase manufacturing sector's contribution to the gross domestic product (GDP) and create ... Read more...

Posted in Business |

India’s tax departments go green


August 16th, 2011 - 8:17 pm ICT by IANS
New Delhi, Aug 16 (IANS) India's excise and customs department has adopted an "environment strategy" under which it aims to eliminate paper documentation, promote web-based external and internal communication ... Read more...

Posted in Business |

India to cut export transaction costs by Rs.2,100 crore (Lead)


February 8th, 2011 - 8:18 pm ICT by IANS
New Delhi, Feb 8 (IANS) India Tuesday announced a series of measures, including round-the-clock customs clearance at eight ports and reduction in levies, that will cut export transaction costs by nearly ... Read more...

Posted in Business |

India targets 25 percent growth in exports


November 4th, 2010 - 8:06 pm ICT by IANS
New Delhi, Nov 4 (IANS) India will double its exports by 2014 on the back of 25 percent annual growth and a diversified market, Commerce and Industry Minister Anand Sharma said Thursday."With ... Read more...

Posted in Business |

‘Logistical bottleneck impacting country’s GDP growth’


September 24th, 2010 - 9:31 pm ICT by IANS
New Delhi, Sep 24 (IANS) The Associated Chamber of Commerce and Industry of India (Assocham) Friday said the insufficient logistical and transport infrastructure is impacting the growth of the country by two ... Read more...

Posted in Business |

Export more value-added products, Anand Sharma asks engineering industry


September 10th, 2010 - 8:01 pm ICT by ANI
Bangalore, Sep 10 (ANI): Union Commerce and Industry Minister Anand Sharma on Friday asked the engineering exporters to fully utilise its capabilities and to widen its market base to achieve the desired ... Read more...

Posted in National |

Government to boost engineering goods exports: Sharma


September 10th, 2010 - 6:56 pm ICT by IANS
Bangalore, Sep 10 (IANS) The government is taking proactive measures to lower transaction costs and upgrade infrastructure to make Indian exports competitive, Commerce and Industry Minister Anand Sharma said Friday. "Creating an enabling ... Read more...

Posted in Business |

Exports transaction cost to be cut by 40 percent


August 24th, 2010 - 6:34 pm ICT by IANS
New Delhi, Aug 24 (IANS) The government has taken steps to reduce exports transaction cost by at least 40 percent within a few months and may extend stimulus package to sectors which ... Read more...

Posted in Business |

Centre extends sops for exporters to continue in global economic scenario


August 23rd, 2010 - 5:14 pm ICT by ANI
New Delhi, Aug 23 (ANI): The Central Government on Monday extended sops worth Rs 1,052 crore to exporters, particularly for the labour-intensive textile, handicrafts and leather sectors, to help them mitigate the ... Read more...

Posted in National |

China unveils plan to boost foreign investment


April 30th, 2010 - 7:15 am ICT by IANS
Beijing, April 30 (IANS) China will offer discounted loans and other incentives to companies to boost foreign investment in the country's inland regions, the commerce ministry has said. The government is eyeing investment ... Read more...

Posted in Business |

Report on exporters’ transaction costs soon


April 27th, 2010 - 11:44 pm ICT by IANS
New Delhi, April 27 (IANS) The Indian government is looking at ways to simplify procedures and reduce transaction costs for the country's growing exporting community and a task force will submit its ... Read more...

Posted in Business |

Low growth blamed on systemic inefficiencies


January 4th, 2010 - 8:59 pm ICT by IANS
New Delhi, Jan 4 (IANS) A senior financial advisor to the government Monday said the economy could grow at 10 percent in the next few years if systemic inefficiencies were removed ... Read more...

Posted in Business |

Centre to set up six Spice Parks


November 23rd, 2009 - 7:30 pm ICT by ANI
New Delhi, Nov 23 (ANI): The Union Government on Monday proposed to set up six Spices Parks with all infrastructure facilities for cleaning, grading, processing, packing facilities etc.In a written reply to ... Read more...

Posted in National |

Infrastructure sector could attract $1.5 tn: Minister


October 5th, 2009 - 9:59 pm ICT by IANS
New Delhi, Oct 5 (IANS) India's infrastructure sector has the potential to attract investments worth $1.5 trillion (Rs.75 lakh crore) over the coming decade, Commerce and Industry Minister Anand Sharma said here ... Read more...

Posted in Business |

India seeks to reverse export decline in new trade policy (Lead)


August 27th, 2009 - 4:40 pm ICT by IANS
New Delhi, Aug 27 (IANS) India's new Foreign Trade Policy was unveiled Thursday with a mix of fiscal sops and procedural reforms in a bid to reverse 10 consecutive months of decline ... Read more...

Posted in Business |

Highlights of India’s new Foreign Trade Policy


August 27th, 2009 - 2:22 pm ICT by IANS
New Delhi, Aug 27 (IANS) Following are the highlights of the new Foreign Trade Policy that was unveiled by Commerce Minister Anand Sharma here Thursday: -Duty entitlement passbook scheme extended till December 2010-Extension ... Read more...

Posted in Business |

Anand Sharma pushes for sops to exporters in budget


June 3rd, 2009 - 7:56 pm ICT by IANS
New Delhi, June 3 (IANS) Commerce and Industry Minister Anand Sharma Wednesday expressed concern over the continuing fall in India's exports and said he would push for sector-specific sops to boost the ... Read more...

Posted in Business |

Engaging philanthropists: This time it’s personal


January 27th, 2009 - 6:26 pm ICT by admin
By Dr Tim France"…I knew I wanted to spend the rest of my life giving my time, money and skills to worthwhile endeavours where I could make a difference. I didn’t know ... Read more...

Posted in Feature |

Srijan announces partnership with India Development Gateway


June 26th, 2008 - 10:34 pm ICT by ANI
Mumbai, June 26 (ANI/Business Wire India): India's only microfinance business plan competition-Srijan 2008 (www.srijan2008.com) announced a strategic tie-up with India Development Gateway (IDG) (www.IndiaDevelopmentGateway.com), a joint initiative of Intellecap and Development ... Read more...

Posted in National |

India to review Foreign Trade Policy Friday


April 10th, 2008 - 7:04 pm ICT by admin
New Delhi, April 10 (IANS) Commerce Minister Kamal Nath will conduct the annual review of the country's Foreign Trade Policy here Friday with the objective of pushing India's merchandise exports in the ... Read more...

Posted in Business |

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