Search Result for : Nirmala Sitharaman

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 ...

Anishaa Kumar On the eve of the inauguration of the eighth edition of the Global Entrepreneurship Summit (GES), set to be inaugurated by the Indian Prime Minister Narendra Modi and First Daughter and Special Advisor to President of the United States, Ivanka Trump, newly appointed US Ambassador to India, Kenneth L Juster highlighted the importance of encouraging entrepreneurs and the US and India ties. The GES will be Juster’s first major event since his confirmation as US Ambassador to India. Speaking to the media a day before the three-day (November 28-30) event to be held in Hyderabad, Juster said, “This is the most dynamic region of the world and the India and US are major democracies playing an important role in the ...

The Dollar Business Bureau (Source: PIB) The Narendra Modi led government went in for a major reshuffle today at 10.30 am when new ministers were added to his team while some were elevated to the Cabinet rank. The ministers were inducted at the Rashtrapati Bhavan in the presence of the new President, Ram Nath Kovind. What is consdered to be a major change is the induction of three technocrats, Alphons Kannanthanam, a former Indian Administrative Service (IAS) officer, Hardeep Singh Puri, a former Indian Foreign Service (IFS) officer and Satyapal Singh, a former Indian Police Service (IPS) officer have taken oath as ministers. Dharmendra Pradhan, who earlier had the independent charge of the Oil and Petroleum Ministry, was the first one to take oath ...

The Dollar Business Bureau  It is being speculated that the Minister of State (Independent Charge) for Commerce & Industry Nirmala Sitharaman has offered to resign from the post. But there are sources who say this may not be altogether true. There's also talk of another official being given the Commerce Ministry's charge. The final announcements are due this coming Sunday. Such reports are now common given the count of resignations that are being handed over at the Union level. A number of Union ministers have resigned on Thursday, indicating a major reshuffle in the Prime Minister Narendra Modi’s cabinet that according to reports could happen on Friday or Saturday, before Modi leaves to attend the BRICS summit in China on September 3. MoS (independent charge) ...

The Dollar Business Bureau Various steps have been taken by Government to enhance trade and commercial relations with African countries, the minister for Commerce and Industries told the Upper House. Replying to a question in the Upper House, Nirmala Sitharaman said bilateral trade between India and African countries are reviewed regularly, including through bilateral mechanisms like of Joint Trade Committee Meetings and Joint Commission Meetings. The 4th India-Africa Trade Ministers’ Meeting was organized in New Delhi on October 23, 2015. Negotiations to enter into Free Trade Agreement with the Common Market for Eastern and Southern Africa (COMESA), a Regional Economic Community in Africa, Preferential Trade Agreement with the South African Customs Union (SACU) and a Comprehensive Economic Co-operation Partnership Agreement (CECPA) with Mauritius ...

The Dollar Business Bureau  In a major recognition of efforts by India for benchmarking international spices trade, global standards setting body Codex Alimentarius Commission (CAC) has accepted three Codex standards for white, green and black pepper, thyme and cumin, setting a course for universal agreement for identifying quality spices in different countries.   The member-nations of CAC, which held the 40th session meeting during July 17-22 in Geneva, unanimously agreed on the adoption of Codex standards for the given three spices that would facilitate in setting up of a common process for standardisation of spices for their availability and global trade.  “The Codex standards were adopted in the wake of India conducting three sessions of Codex Committee on Spices and Culinary Herbs (CCSCH) ...

The Dollar Business Bureau The exports of spices and spice products from India have reached an all-time high of 9,47,790 tonnes, worth around Rs.17665 crores during 2016-17.  This information was given by Commerce and Industry Minister Nirmala Sitharaman in a written response to the Lok Sabha on Monday. The shipments registered a growth of 12% in volume terms and 9% in value terms compared to a year ago. During 2015-16, the exports stood at 8,43,255 tonnes worth Rs.16238 crore.  Sitharaman said that no target has been set by the government for export of spices as production and exports depend upon several factors like climate conditions, market forces, domestic and international demand. “Spices Board is implementing the “Export Oriented Production, Export Development & Promotion of Spices” Scheme wherein assistance is ...

The Dollar Business Bureau The CIM, Nirmala Sitharaman in a reply to a question raised in the Parliament today said, “ India's trade deficit with China has marginally dipped to $51 billion in 2016-17 from $52.69 billion in the previous fiscal and efforts are being made to increase the overall exports by diversifying the trade basket.” She said that emphasis is being given to manufactured goods, resolution of market access issues, services and other non-trade barriers. "This is done through bilateral meetings and institutional dialogues. Indian exporters are encouraged to participate in major trade fairs in China to show-case Indian products," she said in a written reply to the Lok Sabha. The minister also listed out the countries with which the country’s trade ...