Search Result for : Pranab Mukherjee

By Kanchi Batra The 3rd edition of Global Exhibition of Services (GES) was off to a bright start on Monday with ‘best of the global services” on display at the India Expo Mart & Centre in Greater Noida. Intensifying in its scale and scope by bringing three new services areas – environmental services, space, and sports services – and more exhibitors to its fold, GES 2017 is set to open new doors for services sector in India and prove to be a real game changer. The services sector of India is not only the leading sector contributing to India’s GDP, it has also garnered momentous foreign investment flows and contributed to exports. This sector contributed about 61% to India's GDP, rising strongly ...

Aamir H Kaki & Kanchi Batra “The global services trade is far less than the global merchandise trade; however, it has an equal potential given that most economies today are dominated by services sectors in terms of output and employment,” the President said while inaugurating the 3rd Global Exhibition on Services (GES) 2017 at Rashtrapati Bhawan, New Delhi. “At a time when global merchandise trade is slowing down, trade in services can bring new benefits to the global economy even as technology, connectivity and knowledge drive its growth,” Mukherjee said. However, global services trade is challenged by multiple issues relating to economic, legal and political spheres, he added. In order to encourage greater services trade globally, Mukherjee said that it requires us to address policy ...

The Dollar Business Bureau The Finance ministry led Public Debt Management Agency (PDMA) is likely to replace the Reserve Bank of India (RBI) as the national debt-manager by Q4 2018, according to news reports. The new agency will consolidate major debt-management functions of the government’s borrowing and debt programs, and more importantly eliminate the ‘conflict of interest issues’ arising from RBI’s (the current manager) regulatory tasks such setting up of monetary policies and interest rates. Among its major responsibilities, the PDMA would manage the Union and State’ governments and market borrowings, and involve in the issuance of sovereign gold bonds. The agency would also maintain a database of cash balances, forecast cash and foster liquidity and an efficient market for government securities ...

PTI President Pranab Mukherjee has given his assent to the Finance Bill 2017 to give effect to provisions like bar on cash transactions above Rs 2 lakh and compulsory quoting of Aadhaar for filing tax returns. "The President was kind enough to give his assent to the Finance Bill before he left for official visit to Assam yesterday," Revenue Secretary Hasmukh Adhia told PTI here. With this, the provisions of the Finance Bill come into effect from today, he said. This is the first-time ever the annual Budget together with taxation proposals have come into effect from the first day of the financial year. Scrapping a colonial-era tradition of presenting the Budget at the end of February, ...

Aamir H Kaki President Pranab Mukherjee on Thursday said that a new spirit of awakening and cooperation could describe the partnership between India and Africa. It is projected that by 2050, the combined GDP of the two regions would reach $35 trillion and the combined population would surpass 4 billion.  "The India-Africa century has begun and let us accelerate this process,” he said while inaugurating the 12th CII-EXIM Bank Conclave on India Africa Project Partnership, in New Delhi. India’s connection with Africa is not new. The relations between the two regions have deepened over the years. We are committed to creating genuine partnerships that generate jobs and opportunities for the people of both the regions, he said.  Mukherjee said that India has strongly ...

PTI President Pranab Mukherjee will be inaugurating this year's Bengal Global Business Summit during his three-day visit to the state starting on January 18.On Wednesday, Mukherjee is scheduled to inaugurate the Exhibition Hall and the 100th year celebrations of Jhalda Satyabhama Vidyapith in Purulia, state secretariat officials said today.Next morning, the President will be inaugurating the 28th Datan Gramin Mela and attend the 35th Anniversary of Aajkal, a vernacular daily, at its office here in the city.On January 20, Mukherjee is scheduled to participate in a series of functions starting with the inauguration of the state government's business summit at Milan Mela ground, the official said.In the evening, the President will inaugurate the Bicentenary celebrations of Hindu School and will also ...

Aamir H Kaki Belarus is the ‘Focus Country’ in the 36th edition of India International Trade Fair, being held from November 14 to 27. Many companies and industries from Belarus representing varied sectors such as textiles, education etc are exhibiting in IITF. Needless to say, they are looking for business opportunities and partnerships in India. Tatsiana Matsiushonak, ConcernBellagrom, Republic of Belarus and a cooperation specialist in the Foreign Economic Relations Department, spoke to The Dollar Business about possible opportunities that exist in the textile, apparel and footwear sector of Belarus. “We are here for the first time. We are representing the interests of the textile, apparel and footwear industry of our country. We are looking for possible partners and  would also like to develop a ...

Sourced from PIB The President of India, Pranab Mukherjee inaugurated the 36th edition of the India International Trade Fair 2016 today (November 14, 2016) in New Delhi. Speaking on the occasion, the President said that the   India International Trade Fair is a mega projection of the new India that is fast taking shape. It showcases  the vision of a  glorious  tomorrow,  a spirit of excellence and achievement and  unparalleled  investment  opportunity  through the  prism  of the ‘Make in India’ and ‘Digital India’ initiatives taken by the Prime Minister, Narendra Modi. The fair symbolises India’s commitment  towards bringing  the  benefits  of  economic  reform to  its  people  from all walks of society, especially the under-privileged. The President complimented ITPO for the theme of ‘Digital India’, this year. He said ...