Search Result for : Prime Minister Narendra Modi

The Dollar Business Bureau Deepening the strategic ties between the two nations, India and France on Saturday signed 14 agreements in key areas of defence, nuclear energy, security, and protection of classified information besides resolving to deepen cooperation in the Indian Ocean region. The two countries also sealed business deals worth $16 billion.  The pacts were signed after extensive discussions between Prime Minister Narendra Modi and French President Emmanuel Macron, who is on a state-visit to India from 10 to 12 March, 2018.  The 14 pacts include technical cooperation in the field of Railways, environment, education, urban development, renewable energy, defence and intelligence sharing. In addition, the two leaders signed a joint vision for space cooperation that paves the way for the two nations to embark on ...

The Dollar Business Bureau Indian Prime Minister Narendra Modi on Monday told the leaders of BRICS bloc that India is fast becoming one of the world’s most open economies, with improvement on global business indexes and the largest ever tax reform of GST that weaved the country into one combined market. The initiatives taken by the Government for promoting the use of digital mode for transactions and payments, to boost domestic manufacturing and schemes to encourage start-ups for setting up businesses are transforming the economic landscape of India, he said while addressing the BRICS Business Council in Xiamen, China. “India is changing fast into one of the most open economies in the world today. Foreign direct investment (FDI) inflows are at an all-time high, rising ...

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 ...

By Sheela Mamidenna  The Indo-German relationship dates to several millennia. Economists have used the phrase, longue duree to describe the ties between the two. In FY2017, the Indo-German bilateral trade was over $18.79 billion. In fact, Germany is India 7th largest exports destination and India is Germany’s 24th largest exports market. Concurringly, in May 2017, Prime Minister Modi during his speech at the Indo-German Business Summit in Berlin said, “There is tremendous potential in India-Germany economic collaboration. Our economic partnership is still below its full potential. To enhance this, we, in India, are ready with open arms to welcome German companies. With a view to helping the German companies, we have put in place a fast-track mechanism. Several issues have already been ...

The Dollar Business Bureau Japan on Thursday laid strong emphasis on varied avenues of the bilateral trade between India and Japan. “The two Prime Ministers resolved to transform the Japan-India Special Strategic and Global Partnership into a deep, broad-based and action-oriented one reflecting a broad convergence of their long-term political, economic and strategic goals,” said Masayuki Taga, Consul General of Japan in Kolkata. “This has indicated a broad convergence of long standing economic, political and strategic objectives between the two nations,” Taga said while addressing a session, organised by the Calcutta Chamber of Commerce. The Diplomat said that this is evident that the relations between Japan and India have significantly improved and strengthened in almost all the fields. Due to this, Japan has now ...

The Dollar Business Bureau Former Governor of Bihar and National Democratic Alliance's (NDA's) Presidential nominee Ram Nath Kovind will become the 14th President of India. He will succeed the incumbent President Pranab Mukherjee, whose tenure is completing on July 25. Kovind obtained 65.65% of votes from the Electoral College, while his opponent, joint Opposition nominee Meira Kumar got just 34.35%. “Kovind secured 2930 votes with a value of 7,02,044. Meira Kumar got 1,844 votes with the value of 3,67,314, and 77 votes were invalid,” informed Anoop Mishra, the returning officer for Presidential Election 2017. Prime Minister Narendra Modi congratulated Kovind for his win. “Gladdened by the extensive support for Ram Nath Kovind Ji among MPs and across various states,” Modi said.  Kovind got votes of 522 ...

The Dollar Business Bureau During the historic visit of Prime Minister Narendra Modi to Israel, the Middle Eastern country is looking to boost its exports by exploiting huge base of India’s middle class consumers. However, the scepticism continues in the Jewish nation due to the stalled talks on the India-Israel FTA (Free Trade Agreement).  “India is a key export market for Israel. Tightening relations with India and this historic visit of the Indian Prime Minister will lead, beyond increasing security exports, to growth in trade in goods and services," said Eli Cohen, Israeli Minister of Economy and Industry.  “The economy of India is becoming a major destination for Israel’s exports, with the country’s more than 1.3 billion citizens driven by 300 million consumers ...

By Ranjit Mahtani & Sweta Rajan After 17 years of preparation and 18 meetings of the GST Council, a single unified Goods and Services Tax (GST) in India is today a reality. In a momentous launch at the Central Hall of the Indian Parliament with a speech by the Finance Minister and the Prime Minister of India, the GST regime was ushered in at the stroke of midnight on July 1, 2017. While the mammoth task for the Central and State Governments has just concluded, as far as trade and industry are concerned, the journey has only just begun. GST, in the form that it has been introduced in India, may not be perfect; however, it is the reality, and trade and ...