Search Result for : Narendra Modi

The Dollar Business Bureau Commerce and Industry Minister Suresh Prabhu said that special and differential treatment remains a critical aspect of the WTO’s framework and this is non-negotiable for India. “While some of the new issues being raised by others may also be of relevance to India, existing issues such as agriculture are critical livelihood issues, which are extremely important for India,” the Commerce Ministry said in a statement, while quoting Prabhu, after a two-day brainstorming meeting on WTO in the Post-MC11 (11th Ministerial Conference) Phase was organised by the Department of Commerce and the Centre for WTO Studies on February 19-20. The Commerce Minister stressed on the critical importance of the World Trade Organisation (WTO) and drew attention to Prime Minister Narendra ...

The Dollar Business Bureau India and the United Arab Emirates (UAE) have signed a currency swap agreement that will enable businesses from both the nations to directly trade in each other’s currency, bypassing the US Dollar or any other international currency. The signing of agreement means that business communities from both sides can save huge money as trade between the two countries reached to new highs. “India and the UAE have reached an agreement that will enable businesses in both countries to bypass the dollar and other foreign currencies and trade directly in dirhams or rupees,” said Navdeep Suri, India’s Ambassador to the UAE. “[This] means that there is a saving for the business community. It makes trade between the two countries more competitive,” ...

The Dollar Business Bureau India and Oman signed eight agreements, including MoUs on cooperation in the areas of defence, tourism, outer space and health, during the visit of Prime Minister Narendra Modi to the Arab nation. Prime Minister Modi, who reached Muscat from Dubai on his last leg of three-nation tour, also held wide-ranging discussions with the Sultan of Oman Qaboos bin Said al Said. The pacts signed between the two sided are: Agreement on Legal and Judicial Cooperation in Civil and Commercial matter; Agreement on mutual visa exemption for holders of diplomatic, Special, service and official passports; MoU on Cooperation in the field of health; MoU on Cooperation in the peaceful uses of outer space; MoU on Cooperation between Foreign Service Institute, Ministry of External Affairs, ...

The Dollar Business Bureau Guided by mission to strengthen agriculture, employment, rural development, health, education, MSMEs and infrastructure sectors, Finance Minister Arun Jaitley presented the Union Budget 2018-19 in Parliament on Thursday. Reiterating the pledge given by the Government to the people of the country four years ago to give an honest, clean and transparent Government, Jaitley said that the Government under Prime Minister Narendra Modi has successfully implemented a series of fundamental structural reforms to propel India among the fastest growing economies of the world. Jaitley said that India’s agri-exports potential is as high as $100 billion against current exports of $30 billion and to realise this potential, export of agri-commodities will be liberalised. While presenting the Budget, he said, “Indian society, polity ...

The Dollar Business Bureau Commerce and Industry Minister Suresh Prabhu said on Sunday that the draft of a new policy on agricultural exports is ready with the Government and it will introduce the policy soon and added that this would provide a better market for the farmers. “Better market is essential for farmers to lead a happy life. Hence, we have thought of introducing a new policy for agricultural exports,” Prabhu said while speaking at the inauguration of new chocolate factory amenity building of Campco Ltd in Puttur, Karnataka. “The draft of the policy is ready and the same will be made available online. Concerns of farmers regarding agricultural export market will end once the policy is implemented," he added. The Minister further said ...

The Dollar Business Bureau The Government on Wednesday made a number of amendments in India’s Foreign Direct Investment (FDI) policy for some major sectors. The Cabinet has allowed 100% FDI via automatic route in single brand retail trading and construction, while it has raised the existing limit in power exchanges and aviation sectors. “The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval to a number of amendments in the FDI Policy. These are intended to liberalise and simplify the FDI policy so as to provide ease of doing business in the country. In turn, it will lead to larger FDI inflows contributing to growth of investment, income and employment,” said an official statement. For single brand retail trading, ...

The Dollar Business Bureau Finance Minister Arun Jaitley said on Thursday that the positive effect of the economic measures that has been taken by the current government would be visible in the medium to long-term. Jaitley said that in spite of slowdown globally and the previous government leaving the country among the ‘Fragile Five’ nations of the world in 2014, the current government, under Prime Minister Narendra Modi, not only undertook huge structural reforms but it also made the country a fastest-growing economy, consecutively for three years.  “Some of the structural reforms undertaken by the government were attempted by the previous dispensation too, but it failed to do so because of several reasons,” the Minister said in the Rajya Sabha while replying to ...

Anishaa Kumar After months of preparation, Hyderabad was abuzz with activity as it is opened its doors to welcome guests from around the world for the Global Entrepreneurship Summit 2107. While one of the main attractions for this year’s Summit was a visit by First Daughter and Advisor to the President of the United States, Ivanka Trump, the summit at its roots was a platform to promote the spirit of entrepreneurship and the importance of supporting start-ups to develop economies. This year, the event is focused on promoting women entrepreneurship with the theme “Women First, Prosperity for all.” Now in its 8th year, the summit has over the years, across countries and continents been an important platform for entrepreneurs to showcase their ...