Imports dropped 13.16 per cent year-on-year
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
Like pharmaceutical companies globally - which used to enjoy a preferential exchange rate in Venezuela - Indian producers have been left badly stung by the collapse of the bolivar currency
Many of the jobs will now be offshored to lower income countries such as India, China and Poland
The insolvency and bankruptcy code will strengthen the hands of lenders to recover outstanding debts by setting a deadline of 180 days for companies to pay or face liquidation
Three members will be representatives from the government, and three from the RBI.
Infrastructure accounts for nearly 38 per cent of India's industrial output
Bankers back the new bankruptcy code, which would impose debt deadlines on failed firms and foresees up to five years in jail for debtors who conceal property or defraud creditors
Retail inflation has eased from double digits in 2013.
India, the bank's second biggest shareholder after China, is looking to borrow from the AIIB.
Back- and middle-office positions that support trading functions and provide technology services will be cut
Most of the extra spending in the Budget is in fact an accounting entry that shifts the cost of an interest subsidy to the agriculture Budget that was previously borne by the finance ministry
A strong showing will be vital to Narendra Modi's chances of a second term.
Prime Minister Narendra Modi's landslide election in 2014 raised hopes he would draw a line under India's socialist past, cut welfare and reduce the government's role in business.
'We need to look beyond the current approach'.
A proposed 24 percent hike in the salaries of 2.6 million employees and pensioners, will land the railways with a wage bill of about $4.7 billion.
The corporate income tax breaks make up a relatively small part of $80 billion in business giveaways.
From parity in 1980, China's economy has outgrown India's fivefold to $10 trillion
The RBI cut the rate several times last year to reduce it by 125 basis points to the current 6.75 percent.
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