India's existing web of federal and state sales taxes is levied at different stages of the supply chain and often results in double taxation, while forcing trucks to spend nearly a quarter of their road time in border checks or other inspections.
Worries over Greece sparked a sell-off in emerging markets on Monday
Retail food inflation eased to 4.80% last May.
The government plans to transfer all subsidies including food, fertiliser and kerosene, potentially taking direct payments to more than $60 billion.
New Delhi says existing food stocks will be sufficient to contain any food price shock.
Overhauling India's bloated and often sluggish state banks is critical for the government
He assured fears of food shortages were far-fetched.
To cover most of the gap, the road ministry plans to raise $7 billion.
India likely to overtake China on strong GDP growth.
India's tech start-ups are following Silicon Valley's lead and embracing the "fail fast" culture.
Modi has taken a slew of measures to attract investment, but he has yet to initiate steps that could help repair corporate balance sheets.
New Delhi was reluctant to spook investors by clipping the bank's wings
India will be able to manage potential inflationary pressures if forecasts of sub-par monsoon
Consumer food price inflation eased to 6.14%.
It was 2.6% in January.
The exemption from MAT does not apply retroactively.
India's state banks are under pressure to improve profitability.
The output had expanded 1.8 per cent year-on-year in January.
The move will likely attract more retail investors.
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