Suggesting steps to boost the Indian economy, the IMF chief further said the government should focus on fiscal consolidation.
Centre working on open-ended lease agreement to enablesale of property at the end of the agreement period
The decision, taken by the Cabinet Committee on Economic Affairs headed by Prime Minister Narendra Modi, comes less than a year before next general election.
According to the final draft of the negotiating text circulated by WTO Director-General Roberto Azevedo among trade ministers of the 159 member countries on Wednesday night, on public stockholding for food security purposes, a developing country like India can provide subsidies for farm support even if those exceed the permissible 10 per cent cap.
A day after unprecedented violence in Delhi during the tractor parade, the government on Wednesday said it has never stated that the doors for dialogue with farmers are closed and stressed that it will inform whenever the decision is taken for fresh talks.
Gandhi's attack came a day after Defence Minister Nirmala Sitharaman had refused to share the details of the deal on the grounds of security agreement signed between India and France.
'There is no secrecy clause to the price (of the aircraft).' 'There can be secrecy on the capability of the nuclear payload of aircraft and things like that, but the price is hardly a secret.'
The current estimate, however, largely covers only the cost of infrastructure such as pipes, construction of borewells, overhead costs among others and not the expenditure to be incurred on operation and maintenance.
The government's agenda also includes the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021.
With the United Progressive Alliance-II's tenure coming to an end, France had wanted India to sign a pact to provide government guarantee for completion of negotiation for 126 fighter aircraft with Dassault company but Defence Minister A K Antony has refused to do so.
Privatisation-bound Bharat Petroleum Corporation (BPCL) may sell a part of its stake in Petronet LNG and Indraprastha Gas (IGL) to shed its promoter status to obviate the need for its new owner to make open offers for the two gas companies, sources said. BPCL holds 12.5 per cent of shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions. As per the legal position evaluated by Department of Investment and Public Asset Management (DIPAM) - the department running the process for sale of government's entire 52.98 per cent stake in BPCL - the acquirer of BPCL will have to make an open offer to the minority shareholders of Petronet and IGL for acquisition of 26 per cent shares, three sources with knowledge of the matter said.
Rahul targets the Modi government on Twitter, using the hashtag "BikGayaChowkidar".
Chidambaram said he feels that Dassault 'is laughing all the way to the bank', as the NDA government gave a 'gift'.
Samyukt Kisan Morcha (SKM), an umbrella body of farmer unions, has organised protests in different states on Friday to mark the first anniversary of the farmers' movement against three central farm laws.
The Raksha Mantri was unable to address media queries about how much the Modi government was paying for 36 Rafales compared to what the UPA government had negotiated.
Indian economy is expected to improve marginally in the current financial year with its GDP at market price projected to expand by 3.4 per cent from 3.3 per cent in the previous fiscal, think tank OECD said.
The government cleared a multi-billion dollar deal for attack helicopters and heavy-lift choppers with American aviation giant Boeing.
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State-owned oil firms are likely to announce reduction in rates, made possible because of softening in international oil rates, this evening, government and industry sources said.
Why did Modi bypass the Cabinet before he committed India to the Rafale deal?
The document titled 'Details of the steps in the decision making process leading to the award of 36 Rafale fighter aircraft order' stated that the process as laid down in the Defence Procurement Procedure-2013 has been followed in procurement of the Rafale aircraft.
The approval for provisioning of Rs 20,000 crore as subordinate debt to provide equity support will benefit 2 lakh stressed MSMEs.
'National assets, created over the years through tax-payers's money, should not be handed over to business houses at throwaway prices.'
The Samyukta Kisan Morcha on Wednesday said that a consensus has been reached over a revised draft proposal of the Centre on their pending demands and it will now meet on Thursday to decide the future course of the movement, even as its leaders demanded a formal communication on government letterhead.
As per Sebi norms, a public sector listed company should have 10 per cent public float by August 08, 2013.
Gandhi's remarks came after the Supreme Court gave clean chit to the Modi government on the purchase of 36 fully-loaded Rafale fighter jets from French company Dassault Aviation.
"How many more lies will be peddled to sustain a sinking dynast? India, certainly deserves better," Jaitley said.
Here's the lowdown of charges and counter-charges over the multi-dollar deal.
Sidhu, who had been at loggerheads with Chief Minister Amarinder Singh, had stayed away from all Congress activities ever since he resigned as cabinet minister last year.
Centre objected to the review petition and said that the basic grounds for seeking review of the verdict are the same as they were in the main petition.
Operationalising the ban is being fleshed out: it will entail which cryptocurrencies will be banned and how.
Australia will join the United States in a diplomatic boycott of the Winter Olympic Games in Beijing, Prime Minister Scott Morrison said on Wednesday, as other allies weighed similar moves to protest China's human rights record.
The SC has restored the National Assembly after it declared the government's decision to dissolve the assembly and NA Deputy Speaker Qasim Suri's ruling against the Constitution.
Under pressure from his party, Oil Minister M Veerappa Moily said the government is considering increasing the quota of subsidised LPG cylinders to 12 per household even as hints were dropped of a one-time hike in diesel and LPG rates
The Seventh Pay Commission had decided to choose the CPI-IW as the index for adjusting inflation for central government employees.
Rishi Sunak on Monday is all set to make history on Diwali as Britain's first Indian-origin prime minister after being elected unopposed as the new leader of the governing Conservative Party, following Penny Mordaunt's withdrawal from the race.
An expert panel approved policy for development of gas fields.
After the Gujarat and Himachal elections and the municipal polls in Mumbai and Delhi, Karnataka, Rajasthan, MP and Chhattisgarh will elect new assemblies next year leading up to the Lok Sabha election in April-May 2024, points out Virendra Kapoor.
The 47-year-old senior cabinet minister was widely expected to become the third female British Prime Minister after 170,000 online and postal votes cast by Tory members, ending Sunak's historic run as the first member of Parliament of Indian heritage to compete for the top job at 10 Downing Street.
The rupee is being driven into a vicious circle.
IOC and other oil firms have been paying LPG consumers in 54 districts up to Rs 500 to help them buy a 14.2-kg cooking gas refill at market price, which is more than double of Rs 410 per bottle rate in Delhi.
