HT Image
HT Image

Nath to attend WTO talks only after trust vote

Commerce and Industry Minister Kamal Nath, who is scheduled to leave for Geneva on July 19 for crucial WTO talks, is likely to delay his departure till July 22 when the UPA government seeks confidence vote in Parliament.
By HT Correspondent | PTI, New Delhi
UPDATED ON JUL 13, 2008 12:01 PM IST

Commerce and Industry Minister Kamal Nath, who is scheduled to leave for Geneva on July 19 for crucial WTO talks, is likely to delay his departure till July 22 when the UPA government seeks confidence vote in Parliament.

The World Trade Organisation is convening the Ministerial Meeting between July 21 and July 24 of key trade ministers who would get involved in hard negotiations for reaching a blueprint of an agreement on the much-delayed Doha Round.

Nath, a Lok Sabha MP from Chindwara in Madhya Pradesh, not only has a crucial vote in the lower house but is also an ace strategist for the Congress Party, which is reaching out to several small parties and independent MPs for support on the nuclear deal.

While the Commerce Minister has taken approval of Prime Minister Manmohan Singh to remain outside the country between July 19 and July 24, he would be required to stay back home for the trust vote.

"In this scenario, the Minister will designate Commerce Secretary G K Pillai to participate in the negotiations on his behalf," an official said.

Although both Minister of State for Commerce Jairam Ramesh and Minister of State for Industry Ashwani Kumar are members of the Rajya Sabha, they may not represent Nath because they are not hands-on with WTO affairs.

Nath was to lead India's strong delegation at the Geneva Ministerial Meeting comprising senior officials from ministries of Commerce, Agriculture and Finance.

India, spearheading several alliances like G-20 and G-33 in WTO, is seeking a fair multilateral trade deal devoid of trade distorting subsidies by the developed countries and providing adequate cushion to poor farmers in a liberalised world market.

SHARE THIS ARTICLE ON
app
Close
The Signal messaging app logo is seen on a smartphone.(REUTERS)
The Signal messaging app logo is seen on a smartphone.(REUTERS)

Messaging app Signal experiencing technical difficulties

Reuters
UPDATED ON JAN 15, 2021 10:48 PM IST
Signal has seen a rise in downloads following a controversial change in rival messaging app WhatsApp's privacy terms, which required WhatsApp users to share their data with both Facebook Inc and Instagram
Close
Bengaluru is also ranked sixth for the world’s tech venture capitalist (VC) investments, on a global list topped by Beijing and San Francisco, New York, Shanghai and London making up the top five.(PTI File)
Bengaluru is also ranked sixth for the world’s tech venture capitalist (VC) investments, on a global list topped by Beijing and San Francisco, New York, Shanghai and London making up the top five.(PTI File)

Bengaluru emerges as world’s fastest growing tech hub, London second: Report

PTI, London
PUBLISHED ON JAN 15, 2021 10:37 PM IST
The UK capital of London registered an impressive three times growth between 2016 and 2020, rising from USD 3.5 billion to USD 10.5 billion.
Close
The PIL said the ministries of commerce and finance control and regulate the export policies and decide as to under which Harmonized System (HS) Codes each good will be exported.(MINT ARCHIVE)
The PIL said the ministries of commerce and finance control and regulate the export policies and decide as to under which Harmonized System (HS) Codes each good will be exported.(MINT ARCHIVE)

SC asks Govt's, 61 firms' reply on PIL alleging duty evasion in iron ore exports

PTI, New Delhi
PUBLISHED ON JAN 15, 2021 09:39 PM IST
A bench headed by Chief Justice S A Bobde took note of submissions of lawyer and PIL petitioner ML Sharma that companies be prosecuted for alleged evasion of export duty by declaring wrong tariff code to export iron ore.
Close
PVR said even post reopening, the combination of staggered state wide reopening, capacity restrictions and limited movie releases impacted the admit levels while costs continue to be incurred.( Harsimar Pal Singh/Hindustan Times)
PVR said even post reopening, the combination of staggered state wide reopening, capacity restrictions and limited movie releases impacted the admit levels while costs continue to be incurred.( Harsimar Pal Singh/Hindustan Times)

PVR reports net loss of 49 crore in Q3

PTI, New Delhi
PUBLISHED ON JAN 15, 2021 09:03 PM IST
Revenue from operations during the period under review stood at 45.10 crore, down 95.04 per cent from 915.74 crore in the corresponding quarter a year ago.
Close
The regulator made it clear that carrying passengers as well as cargo in the passenger compartment at the same time is not allowed.(Representative image)
The regulator made it clear that carrying passengers as well as cargo in the passenger compartment at the same time is not allowed.(Representative image)

DGCA issues guidelines on carrying cargo in passenger compartment of aircraft

PTI, New Delhi
UPDATED ON JAN 15, 2021 07:44 PM IST
"Operator intending to carry cargo in passenger compartment shall apply to DGCA at least 10 days prior to the proposed commencement of operations," the regulator said in its guidelines.
Close
With less than five weeks before the UK’s transition period ends, Brexit negotiations are in their final stages.(AP file photo)
With less than five weeks before the UK’s transition period ends, Brexit negotiations are in their final stages.(AP file photo)

Stuck in Kent: How Brexit red tape strangled cross-border trade

Bloomberg
UPDATED ON JAN 15, 2021 07:30 PM IST
Britain’s logistics industry had warned that businesses would need to hire an additional 50,000 workers to process the 200 million extra customs forms that will be required annually after Brexit.
Close
The headquarters of European Central Bank (ECB) is photographed as the spread of the coronavirus disease (COVID-19) continues during an extended lockdown in Frankfurt, Germany, January 14, 2021. REUTERS/Kai Pfaffenbach(REUTERS)
The headquarters of European Central Bank (ECB) is photographed as the spread of the coronavirus disease (COVID-19) continues during an extended lockdown in Frankfurt, Germany, January 14, 2021. REUTERS/Kai Pfaffenbach(REUTERS)

Banks in Europe yet to fully feel pandemic’s impact, warns ECB

Bloomberg
PUBLISHED ON JAN 15, 2021 04:19 PM IST
A key challenge is that companies propped up by government support measures in 2020 could find themselves in vulnerable financial positions as those programs are withdrawn.
Close
The committee members comprise four RBI officials and two external experts.(Photo: Mint)
The committee members comprise four RBI officials and two external experts.(Photo: Mint)

RBI drains 2 trillion in a bid to nudge shorter rates higher

Bloomberg
PUBLISHED ON JAN 15, 2021 04:08 PM IST
The RBI is draining excess cash after money-market rates crashed way below its 3.35%-4.00% interest-rate corridor late last year, spurring calls from investors for it to remedy a situation that could distort banks’ asset pricing.
Close
The company board also declared an interim dividend of 25 per cent ( <span class='webrupee'>₹</span>2.50 per share) for financial year 2020-21.(Mint file photo)
The company board also declared an interim dividend of 25 per cent ( 2.50 per share) for financial year 2020-21.(Mint file photo)

GAIL announces 1,046.35 crore share buyback

PTI, New Delhi
PUBLISHED ON JAN 15, 2021 03:25 PM IST
The government has asked at least eight state-run companies to consider share buybacks as it scours for ways of raising funds to rein in its fiscal deficit.
Close
A person walks along a train platform at Waterloo station, amid the coronavirus disease (Covid-19) outbreak, in London, Britain.(REUTERS)
A person walks along a train platform at Waterloo station, amid the coronavirus disease (Covid-19) outbreak, in London, Britain.(REUTERS)

UK economy pushed into reverse by November lockdown

Reuters
PUBLISHED ON JAN 15, 2021 03:03 PM IST
The 2.6% monthly decline was much smaller than most analysts expected - a Reuters poll had pointed to a 5.7% contraction - but several economists said Britain was still likely to suffer a double-dip recession.
Close
New York Stock Exchange (NYSE) at Wall Street on January 12, 2021 in New York City. - US stocks on January 11. 2021 retreated from records set last week as political uncertainty, including efforts to remove President Donald Trump from power, has finally shaken investors. (Photo by Angela Weiss / AFP)(AFP)
New York Stock Exchange (NYSE) at Wall Street on January 12, 2021 in New York City. - US stocks on January 11. 2021 retreated from records set last week as political uncertainty, including efforts to remove President Donald Trump from power, has finally shaken investors. (Photo by Angela Weiss / AFP)(AFP)

World shares follow Wall St lower as traders mull Joe Biden plan

AP
UPDATED ON JAN 15, 2021 02:57 PM IST
U.S. futures lost ground after President-elect Joe Biden announced his plans to propose a $1.9 billion package to help along a recovery from the coronavirus pandemic. Biden spoke about the plan after Thursday’s market close.
Close
A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group.(Reuters File Photo)
A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group.(Reuters File Photo)

Ant is working on timetable for overhaul: Chinese central bank

Bloomberg
UPDATED ON JAN 15, 2021 02:44 PM IST
China’s central bank said Ant Group Co. is working on a timetable to overhaul its business while ensuring operations continue, offering little clue on how far the financial technology giant needs to go to assuage Beijing.
Close
Xiaomi Corp. smartphones and tech products on display inside the AliExpress plaza retail store, operated by Alibaba Group Holding Ltd., in Barcelona, Spain(Bloomberg)
Xiaomi Corp. smartphones and tech products on display inside the AliExpress plaza retail store, operated by Alibaba Group Holding Ltd., in Barcelona, Spain(Bloomberg)

Trump’s Move Cost Bosses at China Tech Giant $4.5 Billion

Bloomberg
PUBLISHED ON JAN 15, 2021 02:29 PM IST
The Trump administration’s surprising blacklisting of Xiaomi Corp. is costing its top executives big bucks.
Close
Retailers on their way to their shops at Saban Bazaar in Ludhiana on Tuesday. (Gurpreet Singh/HT)
Retailers on their way to their shops at Saban Bazaar in Ludhiana on Tuesday. (Gurpreet Singh/HT)

RAI urges govt to allow retailers to register under MSMEs

PTI, New Delhi
PUBLISHED ON JAN 15, 2021 01:43 PM IST
The USD 854 billion Indian retail sector was one of the worst impacted due to the pandemic.
Close
Weaker domestic firms have been the biggest beneficiaries of unprecedented fiscal stimulus and record-low benchmark interest rates delivered by the central bank to support Asia’s third-biggest economy.(Bloomberg)
Weaker domestic firms have been the biggest beneficiaries of unprecedented fiscal stimulus and record-low benchmark interest rates delivered by the central bank to support Asia’s third-biggest economy.(Bloomberg)

Borrowing costs for firms jump on RBI's steps to drain cash

Bloomberg
PUBLISHED ON JAN 15, 2021 01:21 PM IST
The surge comes after the RBI announced plans last week to restore normalcy to liquidity operations in markets in a phased manner.
Close
SHARE
Story Saved
OPEN APP