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Top related persons:
Tim Graham - 1 JPMorgan's Jahangir Aziz - 1 Aziz - 1 CNBC's - 1 V Anantha Nageswaran - 1 Raghuram Rajan - 1 De Beers - 1 Sellers - 1
Top related locs:
India Tardeo South Mumbai Ukraine Belgium France BELGIUM Antwerp Russian
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Getty - 1 Ministry of Commerce and Industry - 1 Services - 1 Reserve Bank - 1 India's - 1 International Monetary - 1 University of Chicago Booth School - 1 Reserve Bank of India - 1

Search resuls for: "Ministry of Commerce and Industry"


4 mentions found


☆ India 'clearly has a problem' finding new drivers for economic growth, JPMorgan's Jahangir Aziz says
  + stars: | 2024-07-24 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com   time to read: +2 min
Tim Graham | Getty ImagesIndia "clearly has a problem" figuring out new drivers for its economic growth even as its economy expands at a fast pace, JPMorgan's Jahangir Aziz said, following the country's union budget. "If you look at India over the last two years post the pandemic, recorded growth has been strong. But if you look at the drivers of growth, it's essentially these two: Public infrastructure and services export," Aziz, chief emerging markets economist at JPM, told CNBC's "Street Signs Asia" on Tuesday. According to estimates by the Ministry of Commerce and Industry, India's services exports will likely hit $30.3 billion in June, compared with $27.8 billion in the same month last year. According to the International Monetary Fund's latest World Economic Outlook, the country's growth is predicted to decline to 6.5% in 2025.
Persons: Tim Graham, JPMorgan's Jahangir Aziz, Aziz, CNBC's, V Anantha Nageswaran, Raghuram Rajan Organizations: Getty, Ministry of Commerce and Industry, Services, Reserve Bank, India's, International Monetary, University of Chicago Booth School, Reserve Bank of India Locations: Tardeo South Mumbai, India
☆ Options for G7 discussion for a ban on Russian diamonds
  + stars: | 2023-10-18 | by ( ) www.reuters.com   time to read: +5 min
Enforcement would be government regulated through customs at a single point of entry for rough diamonds and several G7 entry points for polished stones. The proposal said a single entry point would be needed for rough diamonds without specifying where. Antwerp would be the favoured option for Belgium and the city also already handles most of the rough diamond trade. WORLD DIAMOND COUNCILThe World Diamond Council, which includes the world's largest rough diamond producer by value, De Beers, has proposed a version of the ban that is largely self-regulating. Any diamond sellers would then have to include with the stone they sell a declaration called the "G7 Diamond Protocol Declaration" that the diamond is not Russian.
Persons: De Beers, Sellers, De, WDC, Julia Payne, Jan Strupczewski, David Evans Organizations: Reuters, World Diamond Council, Belgian, Export Promotion Council, WORLD DIAMOND, Diamond Council, Russian, Thomson Locations: Ukraine, Belgium, India, France, BELGIUM, Antwerp, Russian, Botswana, INDIA, Surat, Mumbai, FRANCE
☆ India restricts laptop imports to boost local manufacturing
  + stars: | 2023-08-03 | by ( Rhea Mogul | ) edition.cnn.com   time to read: +3 min
The ministry didn’t provide a reason for the change in rules, however Modi has aggressively pushed his “Make in India” campaign, which promotes local manufacturing in a bid to create more jobs. India’s electronic imports stood at $19.7 billion in the April to June period, up 6.25% from the same period in 2022, according to Reuters. Its large and young labor force makes the country a big draw for global companies seeking alternative manufacturing hubs to China. Earlier this year, India’s commerce minister, Piyush Goyal, said Apple was already making between 5% and 7% of its products in India. Foxconn, the world’s largest contract electronics maker and a key supplier to Apple, is also looking to expand its manufacturing operations in India.
Persons: Narendra Modi, Modi, Piyush Goyal, Apple, ” Organizations: CNN, Ministry of Commerce, Industry, Reuters, Apple, Samsung, Organisation for Economic Co, Micron, Vedanta Locations: India, China, Gujarat
☆ Canadian miner First Quantum starts arbitration against Panama, says government
  + stars: | 2022-12-24 | by ( ) www.reuters.com   time to read: +1 min
PANAMA CITY, Dec 24 (Reuters) - Canada-based miner First Quantum Minerals Ltd (FM.TO) and its subsidiary Minera Panama started arbitration processes against Panama, the country's ministry of commerce and industry said on Saturday, as the two sides have been locked in a disagreement over payments and mine operations. Despite having agreed to meet with the government, the company decided on Friday to "advance efforts" by going ahead with two arbitration processes, the ministry said in a statement, without giving further details. The company initiated one of the arbitration processes under a 1997 contract, which regulates its operations, and the other under the free trade agreement between Canada and Panama, the government added. "The resolution ... that orders Minera Panama to accomplish a care and maintenance plan for the Panama copper mine remains in force, and the government will monitor its full compliance," the ministry said in a statement. Reporting by Valentine Hilaire; Writing by Carolina Pulice; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
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