Apple sought exemption from mandatory local sourcing of components for its products
This can mean companies like Apple, Zara can sell in India through wholly-owned subsidiaries
'He is positive and likes to get work done,' is how a retired bureaucrat described him. 'I assume he will push the reform agenda with strength.'
Imports rise at highest pace in more than 2 years as crude oil price spikes.
New Delhi to push for services trade facilitation & food stockpiling.
Major focus will be on adequately funding existing schemes to ensure their timely completion before the next General Elections.
Government looking at cushioning slowdown due to demonetisation with sops and higher outlay for micro, small and medium enterprises, agriculture, and affordable housing.
The main concern among industry and market experts is that the governance in these companies needs to be strengthened and the focus on social insurance has to come down.
At a time when major economies have increased spending, India will have to do the same.
Government planning to slash the number of days required to start a business in Mumbai, Delhi from the current 26.
The sharp rise was also due to a statistical illusion -- low industrial numbers in November 2015, and sharp reversal of a 12-month declining trend in capital goods.
Unlike the Advance Estimates which missed the impact of demonetisation, CEA's survey is likely to have a better take on Indian economy.
PM's announcement were focused on those most affected by the note ban.
The MSME sector, which is employment-intensive, accounts for 45 per cent of the country's manufacturing, 40 per cent of exports and nearly 8 per cent of gross domestic product.
Powerlooms and a lack of policy have pushed heritage art towards extinction, say Shreya Jai and Subhayan Chakraborty.
Eco affairs secretary says double counting possible; cash availability to improve in three weeks.
Cash withdrawal limits likely to continue
The FRBM report, to be submitted on Tuesday, is likely to have 'excuse clauses', absolving the government of meeting its fiscal commitments under certain conditions such as war or conflict, global economic meltdowns or natural disasters.
India Inc had cheered Donald Trump's decision to scrap TPP, but now there is a growing sense that it won't really lead to positive growth in trade with the US. Subhayan Chakraborty reports.
Reports from Ludhiana, Coimbatore, Moradabad, Tirupur, Indore, Surat, Delhi, Mumbai, Kolkata, Chennai and Hyderabad, suggest the impact of demonetisation is worsening.
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