Union Commerce Minister Anand Sharma, while addressing the World Economic Forum's India Economic Summit in New Delhi, has mentioned that the global economic recession will continue if the developed nations stick on to protectionism.
 
"If countries go in for protectionist measures, this ...

Commerce Minister Anand Sharma has mentioned that government will retain the ban on foreign direct investment in multi-brand retail industry.
 
"I have advocated for a single brand retail chain. I do not see any need for change in policy”, said Sharma while addressing the India ...

India and Nepal has signed a new trade treaty in Kathmandu on Tuesday, reviewing a 13-year-old pact to create a more stable framework for greater bilateral trade and investment.
 
Indian Minister of Commerce and Industry Anand Sharma and Nepal's Minister of Commerce and Supplies Rajendra ...

According to the visiting US Trade Representative Ron Kirk, the framework agreement for boosting trade and investment between the India and the US is almost finalized.
 
"We have made great progress towards a formal framework towards cooperation on trade and investment which we hope to ...

India will be signing a revised trade pact with Nepal next week. Along with this, a deal for implementing a restriction on unauthorised trade from a third nation will also be signed.  The deals, which had been finalised during the visit of Nepali Prime Minister Madhav Kumar Nepal, will be ...

The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal to divest stake in state-run utilities NTPC Ltd and Satluj Jal Vidyut Nigam Ltd (SJVN).
 
The government will offload 5 percent of its equity in NTPC and 10 percent in SJVN, Commerce Minister Anand Sharma said on ...

The proposal for releasing inflation data on a monthly basis has been approved by the government. Union Commerce Minister Anand Sharma, while addressing the media after the Cabinet Committee on Economic Affairs meeting, which approved the proposal, mentioned that this will be implemented ...

Union Commerce Minister Anand Sharma has disclosed that the flow of foreign direct investment to India during the month of July 2009 has been registered at $3.52 billion, which is 56.5% higher than the $2.25 billion, which was registered during the corresponding period last year.
 
"Our ...

The features of the Foreign Trade Policy for 2009-14 which was announced by Commerce Minister, Anand Sharma, on Thursday are: 

Duty entitlement passbook scheme extended till December 2010
Extension of sops for export-oriented units till March 2011
Export target of $200 ...

The New Foreign Trade Policy has been announced by the Government on Thursday. This comes as a blend of fiscal sops and procedural reforms, which is an attempt towards reviving the merchandise exports, which has witnessed a decline in the past 10 months.  The new foreign trade policy is full ...

Indian Commerce Minister Anand Sharma and his Nepalese counterpart Rajendra Mahato met in New Delhi and have discussed the revision of the proposed Treaty of Trade and Agreement of Co-operation.
 
According to Sharma, the treaty is aimed at boosting the bilateral trade between India and ...

Indian Commerce and Industry Minister, Anand Sharma, has told that the foreign trade policy, which will be setting the norms for the next 5 years for the foreign trade, will be announced on August 27.
 
"We will soon be coming out with our foreign trade policy for the next five years ...

India and the Association of South East Asian Nations (ASEAN) signed a major economic pact after six years of talks. This free trade pact is aimed in widening the access to their respective markets of 1.7 billion people and push bilateral trade beyond the current level of $40 billion.
 
The ...

According to Commerce Minister, Anand Sharma, The foreign trade policy (FTP) which will be announced by the end of August will have stimulus packages which are meant for supporting the export industry.
 
"We will talk to the finance ministry on export sector stimulus. We will announce ...

 The central government and the Himachal Pradesh government are working to promote agro-processing, tourism as well as IT in the state.
 
"We are exploring possibilities of new industry in the fields of agro-processing, tourism and information technology in the hill state," ...

The Government has chosen the Commerce and Industry Minister, Anand Sharma, to replace Kumar Mangalam Birla as the chairman of the Board of Trade.
 
The BoT is the Government's chief advisory body on export- as well as import-related issues. "The Commerce & Industry Minister will be ...