According to officials in the know, the government might cut the fertiliser subsidy in the next financial year. The international spot and contract prices of di-ammonium phosphate and muriate of potash (MOP) have come down in recent months.
Interview with first woman president of the Ficci country head of HSBC India.
The National Highways Authority of India and the road transport and highways ministry are currently engaged in appraisal of the request for qualifications, said a senior ministry official.
The two countries are scouting for members of a joint working group to study a proposal to this effect made during a recent visit by Commerce and Industry Minister Anand Sharma to Colombo.
After a 27-year long alliance, the World Economic Forum (WEF) and the Confederation of Indian Industry (CII) have parted ways on organising the India Economic Summit, fuelling many theories on the reason. Both the organisations, however, sought to play down the development, saying it was a natural evolution for the Davos-based WEF to organise its event in India as it does in other regions.
Economists and industry chambers are divided whether the Indian economy is headed towards the same slow growth as was the case during the time of global financial crisis.
The gains, they say, would not be sustained, and too much volatility in exchange rates does not benefit them.
The CII feels the 20-year scheme was introduced to boost domestic industry and provide a platform to Indian industry to compete with their foreign counterparts.
A big change in the new IIP data, taking 2004-05 as the base year against 1993-94 in the old series, is its classification of items and the weights assigned to these.
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