Though it is likely gross domestic capital formation increased in the quarter ended June, against declines in the previous two quarters, a significant revival in investment might take a few quarters more, economists say.
Each member will separately sign the agreement & it will become effective only after the last member signs the pact.
Sitharaman cancels Myanmar trip at last moment citing launch of Modi's Jan Dhan Yojana.
The Indian government has demanded that the year be changed to a more recent period, taking into consideration the rise in food prices and rate of inflation.
Senior officials say the government might come up with an incentive package for the SEZs following the release of Foreign Trade Policy.
The main issue has been that of a higher Asset Management Ratio as has been prescribed by the Monetary Authority of Singapore for qualifying full banks from India.
With the Union government clearing the way for foreign direct investment (FDI) in the railways, the Railway Board is devising a plan for operations, maintenance and construction projects.
Also the companies should be self-sufficient in product designing and have maintenance and life cycle support facilities.
The loan will be utilised in several developmental projects that Nepal wants to undertake. Nayanima Basu reports.
In a turn of events, India on Friday said it was "hopeful" talks for a global deal on easing Customs norms, or a trade facilitation agreement (TFA), would be revived in September, even as it failed to meet the July 31 deadline due to lack of consensus among members over food stockholding and farm subsidies.
Critics have even suggested that India is doing this because it is not prepared to take on the requirements of TFA, with a relatively weak trade infrastructure.
Arun Jaitley had proposed in the Budget to double the rate of capital gains tax on debt MFs to 20%.
According to a senior commerce department official, though India is ready to sign the TFA and take necessary actions towards that, it is imperative that a discussion on public stockholding gets its due importance.
The ministry is likely to go by the recommendations of a committee on liberalising external commercial borrowings, headed by M S Sahoo, a former director with the Securities and Exchange Board of India.
India will raise the issue of illegal immigration, a "major cause of concern" for the country. Nayanima Basu reports
In a significant departure from tradition, the United States has decided to host Prime Minister Narendra Modi by working out a "special gesture date" around the 69th Session of the United Nations General Assembly meeting that is scheduled to take place on September 26 in New York.
FDI in the defence sector during 2000-2014 has been a meagre $4.94 billion, despite the total FDI flow into the country across sectors standing at $321.81 billion.
DEA officials to push for this at a meeting with FM Jaitley.
At present, the NMP states a series of fiscal incentives, including tax sops, will be offered but only to small and medium enterprises.
Prime minister-elect Narendra Modi's first official visit as head of government will likely be to Dhaka, where he is expected to sign the much-awaited Teesta water-sharing agreement with Bangladesh Prime Minister Hasina.
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