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Nirmala announces incentives for marine sector under MEIS

Commerce Minister Nirmala Sitharaman on Friday announced a raft of measures, including setting up of agencies for aquaculture and fisheries in all coastal states and export incentives for marine products, under the Merchandise Exports from India Scheme (MEIS).

Didn't tell reporter I want devaluation: Nirmala Sitharaman

The government sent mixed messages on Thursday whether it wanted a weaker rupee, with Commerce Minister Nirmala Sitharaman saying she had not told a reporter the government was discussing a devaluation but stopping short of an outright denial.

Do homework then demand special status for Andhra: Nirmala

Political parties should do their "homework" instead of sticking to their demand of seeking special status for Andhra Pradesh, Union Minister Nirmala Sitharaman today said.

BJP says Kerala BJP chief was target of bomb attack

The BJP on Wednesday alleged that its Kerala unit Chief Kummanam Rajasekharan was the target of a bomb attack at a party office in Thiruvananthapuram and demanded an impartial probe into the matter.

Banks not fully understanding problems of SMEs: Commerce and Industry Minister

Union Minister Nirmala Sitharaman today said banks are not fully understanding the problems faced by small and medium enterprises, whose performance has been hit by the high interest rate regime.

2% rate cut by RBI is necessary to boost SMEs, create jobs: Commerce and Industry Minister

2% rate cut by RBI is necessary to boost SMEs, create jobs: Commerce and Industry Minister

Union Minister Nirmala Sitharaman today defended her demand for 2 percent cut in interest rates by RBI, saying it is essential to boost SMEs and create jobs, amid criticism that such a move would drastically affect fixed deposits.

'Full impact of Brexit on India may take some time to unfold'

The full impact of the UK's decision to exit European Union on India may take some time to unfold, Commerce and Industry Minister Nirmala Sitharaman said Wednesday.

Apple, Acer, Lenovo, OPPO seek relaxation in sourcing norms: N Sitharaman

Apple, Acer, Lenovo, OPPO seek relaxation in sourcing norms: N Sitharaman

Five companies - Apple India, Acer, Le Ecosystem Technology, Lenovo (India) and OPPO Mobiles have sought relaxation in the local sourcing norms to set up single brand retail stores in India, Parliament was informed on Monday.

Apple given relaxation in sourcing for first three years: Govt

Apple given relaxation in sourcing for first three years: Govt

Apple has only been given a "breather" for the first three years by providing relaxation to it in local sourcing norms and the compulsory 30 percent local sourcing clause has not been completely dispensed with, government on Wednesday informed Rajya Sabha.

Start-ups now need only a DIPP certificate for IPR benefits

Start-ups now need only a DIPP certificate for IPR benefits

To improve ease of doing business, Commerce and Industry Minister Nirmala Sitharaman on Saturday said a start-up would now need only a certificate of recognition from the government to avail IPR-related benefits.

Hope to start FTA talks with Eurasian Union soon: Nirmala  Sitharaman

Hope to start FTA talks with Eurasian Union soon: Nirmala Sitharaman

India is hoping to soon begin formal negotiations for a free trade agreement with the Eurasian Economic Union with a view to enhance commerce and investment between the two regions.

'Incentives announced for textiles will help create jobs'

'Incentives announced for textiles will help create jobs'

The "extra push" given to the textiles industry through an incentive package will help create more jobs and push exports, Commerce and Industry Minister Nirmala Sitharaman said on Thursday.

India is monitoring Brexit development: Commerce Minister

India is monitoring Brexit development: Commerce Minister

India is monitoring the developments of 'Brexit' as it would have a bearing on the country's trade with European Union and the UK, Commerce and Industry Minister Nirmala Sitharaman said on Monday.

'Hyundai should not hesitate to set up 3rd plant in India'

'Hyundai should not hesitate to set up 3rd plant in India'

 Government today exhorted the country's second largest car maker, Hyundai Motor India, to set up its third manufacturing plant here without hesitation as steps are being taken by the Centre to improve business environment and push manufacturing.

Govt to extend incentives to boost exports: Nirmala

Government on Friday said fall in India's exports have been arrested in May and now it is time to extend incentives to boost the overseas shipments.

Oscar Fernandes, Jairam Ramesh file papers for Rajya Sabha seats from Karnataka

Former central ministers Oscar Fernandes and Jairam Ramesh on Monday filed nominations here for the biennial elections to four of the 12 Rajya Sabha seats from Karnataka.

Commerce Ministry to press Finance Ministry  to reconsider rejection of local sourcing waiver to Apple

Commerce Ministry to press Finance Ministry to reconsider rejection of local sourcing waiver to Apple

In the latest, Commerce Ministry may press the Finance Ministry to think again about its decision to reject the waiver of local sourcing clause for Apple Inc for setting up single-brand stores in India. 

Nirmala Sitharaman recommends raising tax holiday for start-ups

Nirmala Sitharaman said that her ministry has recommended to finance ministry to raise tax holiday for start-ups to 7 years from 3 years.

Discussing Apple's request for FDI rules waiver: Sitharaman

The minister, however, said she was not in favour of relaxing rules for Apple to sell refurbished second-hand phones in India.