TopNews

Union Minister for Commerce said that the ban put on the procurement of mobile phones is not applicable on China alone. He said that the ban is not being put to aim at the Chinese products alone, but is applicable to other nations as well.

Talking to the reporters, Sharma said that the idea behind this is security. It does not mean that India is not trying to encourage trade, he added.

Sharma also pointed out that the aforesaid ban was not country specific but sector specific. He also said that the government had taken this decision as per the guidelines and parameters given to it by the security agencies.

On Tuesday, ch

While commercial relationship between India and other regions seem to be becoming normal. The same can not be said about Indo-ASEAN relations. That is what the recent survey published by Standard & Poor's (S&P).

In its report, S&P has said that the increase in trade and investment between India and the trading block of Asia is falling way below its full potential.

The much-awaited movie, Mani Ratnam's Raavana will not be screened in the upcoming 11th India International Film Academy (IIFA) awards.

This announcement was made by Mani Ratnam as he strictly stood with his point that the event which is to happen in Sri Lanka will not get to see the movie.

The reason he gave was that the movie is not yet complete. He was speaking to the media on the sidelines of the inaugural event organized by NAAM, a voluntary organization.

Abhishek Bachchan and Aishwarya Rai are playing the lead roles in the movie.

Rating agency, Crisil said that the Indian banks may see a fall in their asset quality. This will, it said, be followed by an increase in the collective gross non-performing assets (NPAs) of the banks.

In its latest research report published, it said that the NPA ratio is expected to increase to 3.6 per cent during 2010-11. This will be higher than 2.3 per cent that they had in 2008-09.

On Tuesday, the telecom regulator, Telecom Regulatory Authority of India (TRAI) said that it has recommended the ending of restrictions on companies that want to sell out.

This, TRAI said, will bring about consolidation in the Indian telecom market, which is one of the fastest growing in the world.

The current regulations do not allow companies to sell majority stake in the first three years period of their license. These are applicable to the ongoing auctioning of the 3G spectrum as well.