Trade 29 Aug 2015 by Tojo Jose

India losses the solar energy dispute against the US at WTO

India losses the solar energy dispute against the US at WTO

India has lost the solar energy dispute against the US at WTO. The case was filed by the US against India’s decision for local content requirement in the supply of solar energy project items. US argument was that India’s policy of instructing local content is against the WTO’s non-discriminatory principles. The case was initiated by the US in 2013. Consultations between the two countries failed to settle the issue. India has used its right to stop the movement of the dispute further by blocking the panel appointment. But second time as the provision, India was not able to block the referral to the case to the panel. Hence, the WTO has referred it to the dispute

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India and China 26 Jul 2015 by Amrith Eswar

China building its nest in Maldives

China building its nest in Maldives

Chinese President Xi Ping has congratulated the Maldivian counterpart Abdulla Yameen on the Maldives' 50th Independence Day. Yameen’s administration has recently brought a new law that seems to be specially built for sea reclamation specialist China to hold land in Maldives. The new law allows foreigners with investment of more than a billion to own land, on condition that at least 70 per cent of the area they develop is reclaimed from the sea.  Many in the strategic front sees Mr Yameen’s move as an open invitation to China to militarily engage in Indian Ocean. Recently, the President Yameen has dismissed concerns over foreign military expansion under the

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Trade 21 Jul 2015 by Tojo Jose

India and France comes closer to the Rafale deal as Egypt gets first set of the aircrafts

India and France comes closer to the Rafale deal as Egypt gets first set of the aircrafts

Defence Minister Manohar Parikar stated that India is in the final stage of negotiation on the Rafale deal. France has sold three Rafale fighter aircrafts to Egypt yesterday. This was the first foreign delivery of the aircraft and Egypt deal was signed early this year. India, the first country to come into an agreement with Dassault is yet to finalize it. New consensus has been reached between India and France for the direct or fly away mode of delivery by Dassualt- the constructor of Rafale. The aircraft and associated systems and weapons would be delivered on the same configuration as had been tested and approved by IAF, and with a longer maintenance responsibility by France

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Trade 19 Jul 2015 by Abdul Kareem C

Iran urges India to make use of the refreshed opportunities

Iran urges India to make use of the refreshed opportunities

Sanction free Iran is an opportunity that India should not be late to utilize-says Iranian Ambassador to India, Gholamreza Ansari. Speaking about the new windows for trade and economic engagement between the two countries, the Amabassador told that President Hassan Rouhani had offered Prime Minister Narendra Modi an expanded role for India to play in Iran’s connectivity plans. India and Iran have good synergy in the trade front. Iran is a major supplier of crude and India is one of the largest importers from the Iranian angle. Both countries have planned number of projects extending from ports to mining, but sanctions by the US have stalled all of them. More than the c

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Foreign Investment 18 Jul 2015 by Arun Maheswar

Composite Foreign Investment Cap not to cover Banking and Defence

Composite Foreign Investment Cap not to cover Banking and Defence

Government’s decision to introduce composite foreign investment cap will not be extended to the two important sectors where foreign investment has additional ramifications – banking and defence. The composite foreign investment cap proposes to end the distinction between FDI and FPI in determining foreign investment in domestic companies. Foreign investment in most sectors was expressed as FDI and separate limits were set for FPI or FII, within the FDI limits. Defence foreign investment is limited to 49% in the normal case and foreign investment in Indian private sector banks is allowed up to 74%. As per norms, in the defence sector, FPI is limited to 24%, whereas

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Foreign Investment 10 Jul 2015 by Tojo Jose

FDI in ecommerce: Existing players opposes it again

FDI in ecommerce: Existing players opposes it again

The excising ecommerce players have opposed the idea of allowing FDI in the sector in the second meeting convened by the government. Under pressure from free trade partners, government is continuing its consultation with existing stake holders to allow FDI in ecommerce. The meeting of the various stake holders including existing ecommerce players – Flipkart, Snapdeal, Amazon etc., was held in New Delhi on Friday. The meeting was chaired by DIPP Secretary Amitabh Kant. All the players were reported to have objected fresh liberalization of FDI norms in the sector. In the previous discussion that was held in May this year, the ecommerce players and brick and mortar firm

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Foreign Investment 22 Jun 2015 by Tojo Jose

Japan's Softbank to make $20 billion investment in India’s solar energy sector

Japan's Softbank to make $20 billion investment in India’s solar energy sector

Japan’s world hit startup financier – Softbank, has announced $ 20billion investment in India’s solar energy sector. Softbank’s global compatriot, Taiwan’s multinational electronic firm Foxconn will be partnering with desi firm Bharti Enterprises in the new investment announced by the Japanese firm. The new project is one of the biggest renewable energy investments in India. Soft bank became globally known after its breakthrough investment in China’s ecommerce sensation Alibaba; where the Japanese start up financing entity has 19% holding. It has made a $20 million investment in Alibaba fourteen years back and it has grown into $50 billion

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Foreign Investment 20 Jun 2015 by Tojo Jose

Excessive judicial activism and retrospective tax laws are hurting investment image: FM

Excessive judicial activism and retrospective tax laws are hurting investment image: FM

Finance Minister Arun Jaitely has stated that government is bringing legal changes to control excessive judicial activism that hammers investment sentiments. The FM was speaking to the US business community in New York. Mr Jaitely has attributed excessive judicial activism for some of the unrest in the investment front. “Excessive” judicial interference is not investor-friendly. The government is thinking about changes in the laws to streamline the judicial process on this matter. He was referring some of the cases were the government was dragged into international settlement mechanisms and bilateral investment treaty bindings due to overstepped verdicts. Referri

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Foreign Investment 17 Jun 2015 by Tojo Jose

Alibaba pushes hard through paytm and snapdeal

Alibaba pushes hard through paytm and snapdeal

World’s second largest ecommerce firm, China’s Alibaba is working hard to enter into the Indian market.  Mobile payment firm, Paytm  which has 25% shareholding by Alibaba, launched a three day fashion sale, sending strong message across the ecommerce world. Reports also indicate that the China bound firm with inventory model has renewed its once aborted stake holding attempt in Snapdeal. Alibaba along with Taiwan’s handset sourcing firm Foxconn are making fresh discussion with Snapdeal for a strategic investment. Certainly, Paytm’s ecommerce entry will make pressure on Snapdeal to be a soft bargainer. Last time, according to Alibaba sources,

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India and China 10 Jun 2015 by Tojo Jose

China denies contact between the PLA and North East insurgents

China denies contact between the PLA and North East insurgents

China has denied any connection between the Chinese Army- the PLA, and the North East insurgents who made a gruesome attack on Indian security forces last week. The Global Times quoting Chinese officials reacted that any such argument about the connection between the two sides is “absurd”. News paper reports in India earlier quoted the link between Nationalist Socialist Council of Nagaland-Khaplang (NSCN-K) – and the PLA. The strong denial about the PLA’s role came in a Global times article on Wednesday morning. The article has quoted Indian Express report about Indian official claiming recordings of a phone call between a PLA official and an NSCN-K lea

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