The Reserve Bank is likely to announce fresh measures to inject more funds into the cash-starved banking system following a meeting of the Prime Minister-chaired committee on tackling the global turmoil.
"I am going to review this; the global economic slowdown is impacting exports," Commerce and Industry Minister Kamal Nath told reporters at the India Economic Summit in the capital.
Bloodbath at the bourses is not a reflection of Indian economy that remains on a sound footing with the help of regulators, which are role models for the world, said Commerce and Industry Minister Kamal Nath on Wednesday.- India will 'certainly' look at removing the cap of 51 per cent in single-brand retail, Industry and Commerce Minister Kamal Nath said in Paris.
- India's Commerce and Industry Minister Kamal Nath has cautioned against the temptation to use non-tariff barriers or non-trade issues to address trade.
- After breaching the 46-mark in its last trade on Tuesday, the domestic currency closed in on 47-level against the greenback as strong demand for dollar continued amidst deepening concerns of capital outflows after a turmoil in financial markets.
- India and ASEAN are concerned over the stalemate in WTO talks but the solution lies with developed countries, Commerce and Industry Minister Kamal Nath said in Singapore.
- India on Tuesday told the WTO that it is ready for another go at reaching a world trade agreement, talks for which were initiated in Doha seven years ago, if flaws in multilateral rules are removed.
Lamy is expected to try and get India agree on a deal to open up markets in industrial and agricultural goods as well as services.- Any new attempt to grasp the grail of a world trade pact will probably have to wait until 2009, after elections in the United States and India, despite some calls for more talks now, economists said.
- India on Wednesday blamed the rich nations for their rigid stand on subsidies but said collapse of global trade talks in Geneva should be considered as a "pause" and not a "breakdown" of WTO negotiations.
The US on Monday blamed India and China for creating hurdles in the ongoing WTO talks in Geneva and said Doha trade talks have been thrown into the "gravest jeopardy" by these two countries which are not willing to open their markets for more imports.
Top negotiators will seek on Sunday to firm up emerging signs of consensus on a new global trade pact but with every sign marathon talks here will spill into another week.- Ministers from the member states of the World Trade Organization meeting in Geneva over the issue of farm subsidy and non-agriculture market access, failed to achieve a breakthrough, WTO chief Pascal Lamy said on Thursday.
High-stakes brinkmanship took hold on day three of crucial WTO trade talks on Wednesday, with both advanced and developing countries demanding concessions to avert another failure.
EU Commission President Jose Manuel Barroso welcomed the opening of key world trade talks on Sunday, but warned that Europe's partners "must make a major contribution" if a deal was to be struck.- India on Friday strongly objected to the US proposing to limit flexibilities of the developing countries on their obligations for market opening agreement being negotiated under Doha Round of WTO.
Indian Finance Minister P Chidambaram considers inflation the country's biggest challenge today and regards becoming an open market as the way forward.- The government is doing its best to control runaway "imported inflation", Commerce and Industry Minister Kamal Nath said on Monday.
Amidst uncertainties looming over the fate of Indo-US nuclear agreement, the US has asked India to go for some "tough choices" in making the deal a possibility.
Ending their public acrimony, India and the US have agreed to intensify efforts to "narrow the differences and to build on convergences" to find the elusive breakthrough in the Doha round of world trade talks.
India is moving inch by inch towards a political consensus over its stalled civil nuclear deal with the US and would arrive there at some point, according to its Commerce Minister Kamal Nath.
ndia's Commerce and Industry Minister Kamal Nath has held high level discussions with US officials on how to take forward the Doha round of world trade talks stalled over differences on market opening in agriculture.- India's Commerce and Industry Minister Kamal Nath is set to arrive in the US on Wednesday to further boost commercial ties that have seen a three-fold growth in bilateral trade - to nearly $42 billion - in seven years.
India has expressed optimism that Australia will "eventually" sell uranium to it despite the new Kevin Rudd Government deciding against supplying the yellow cake to New Delhi.
