The finance ministry is seeking to speed up deals with outside investors.
Modi sees export-led growth one of the best ways to create jobs.
The introduction of GST would constitute India's biggest reform.
The convertibility is RBI Governor's 'next big ambitious goal'.
The United States wants India to wait for a final nuclear deal between Tehran and world powers before actively engaging with Tehran.
Exports to Europe shrank by near 2 per cent in the 11 months.
India needs to move towards full capital account convertibility to become a leading global economy.
It was 2.6% in January.
New Delhi has missed its target for partial privatisations for the past five years
Locally produced gas in India will now cost at least 8 per cent less.
Investors and manufacturers have long advocated the GST.
IMF MD Christine Lagarde hailed the government's latest Budget.
Exports in February fell to $21.55 billion compared with $25.35 billion a year ago
Will RBI chief have the final say, in the form of a veto
Government, RBI sign pact to target CPI at 4%.
Arun Jaitley presented the Union Budget in Parliament on Saturday.
Inflation is on a declining trend, Eco Survey stated.
India's decrepit state-run train services stand to receive at least a 25 percent boost in investment to over $9 billion.
India's decrepit state-run train services stand to receive at least a 25 per cent boost in investment to over $9 billion.
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