The budgetary allocation for the sector is Rs 60,908.22 crore, with Rs 6,400 crore earmarked for the centre's flagship health insurance scheme Ayushman Bharat- Pradhan Mantri Jan Arogya Yojna (AB-PMJAY).
Although the idea is to focus on all states to turn India into a global manufacturing hub, the department of industrial policy and promotion, the nodal agency to carry out the campaign, has selected a handful of states that have a sound industrial backbone such as Maharashtra, Tamil Nadu, Karnataka, Gujarat, Andhra Pradesh, Telangana and others.
Paving way for iPhone maker Apple to open its own stores India, the government on Monday relaxed FDI norms by giving a three-year exemption from local sourcing to foreign players in single-brand retail and a further five-year relaxation for 'state-of-art' and 'cutting-edge' technology.
Novartis said it is partnered with generic drugmaker Lupin Ltd to sell the drug in India
UK's largest retailer Tesco, Singapore Airlines and Etihad queued up to invest in India as a persistent UPA threw open more sectors to foreign investments with indications of more big ticket deals to be announced in the new year.
The apex court issued notices to the Centre, ministries and departments concerned, Jet Airways and United Arab Emirate's Etihad Airways on the petition challenging the deal and sought their responses within four weeks.
A day after masked goons entered Jawaharlal Nehru University and ran riot, injuring over 36 people with sticks, lathis and hammers, noted economist and professor C P Chandrasekhar resigned from a Narendra Modi government-appointed committee on statistics. The committee was set to hold its first meeting to review India's economic data. In his resignation letter, Professor Chandrasekhar wrote, "I regret to inform you that because of the situation in JNU where I stay, I will be unable to attend tomorrow's meeting." He was also quoted as saying, "The JNU's incident on Sunday has further undermined the faith in the system. It shows that we are now living in a different world and it's hard to work with a government in which you have lost faith."
The most pressing issue facing the financial sector is the rising stock of non-performing assets in the banking system
Amid hints that the government might be exploring capping royalty payments by India-based subsidiaries to US companies, experts warn Subhayan Chakraborty why such a move will only hurt the Indian economy.
'Indians are great savers, but they are lousy investors.'
After being officially recognised as a minority community, the Jews would enjoy several privileges like other minority communities.
The apex court also restrained e-commerce websites like Flipkart and Amazon from selling firecrackers which are beyond the permissible limit.
The CAG report, tabled in Parliament, states the interest on the short payment stood at Rs 1,052.13 crore for the period up to March 2016.
"Fish is a good source of protein and it can overcome malnutrition in areas where fish is available in abundance," she said.
Prominent e-commerce marketplace players include Amazon.in, Flipkart, Snapdeal, Paytm, Shopclues and Jabong
The death toll climbed to 15,301 with 407 new fatalities, according to the Union health ministry data.
Since August 2013, FIPB has approved two FDI proposals in the telecom sector.
Its new industrial policy appears to benefit industrial houses
Vetting by inter-ministerial board removed for benefits under Startup India Action Plan
These start-ups are different from the ones that have made it big in India.
The government will present findings of the probe panel that looked into Walmart's lobbying activities to enter the Indian market, along with action taken report, before Parliament in the monsoon session.
India had been engaged in a contentious battle with the US over the issue, especially in the pharmaceutical sector.
The government on Wednesday approved Rs 10,000 crore (Rs 100 billion) 'Fund of Funds for Startups' to support them with an aim to generate employment for 18 lakh persons.
In eight major MSME-centric product groups, imports from China grew the fastest.
'He selects certain portfolios that he has personal interest in, and he does not give them to a senior leader. The responsibility is given to a junior minister who then directly reports to Modi or to the small team of bureaucrats working with Modi.' 'I noticed this first in Gujarat where Modi worked mainly with two ministers, Saurabh Patel and Amit Shah,' says Aakar Patel.
The comedian-actor was recently in the news as income tax evasion reports surfaced.
It will now take at least two more years to get a clarity on the priorities and policies of the leadership of the new state of Telangana.
Last week, the carrier had asked about 60 pilots who had resigned to leave after serving only half the six-month notice period.
Import duty on PVC, at 7.5%, is far lower than that prevailing in comparable economies.
Terming the Bill as a 'non political bipartisan issue,' he hoped to have all political parties on board as the Bill would benefit over 75 per cent of rural households and 50 per cent of urban households in the country.
Market place model of e-commerce means providing of an IT platform by an e-commerce entity on a digital and electronic network to act as a facilitator between buyer and seller.
In 2015, the Reserve Bank of India cut interest rates by 125 basis points to 6.75 per cent.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
Production at every automotive facility, offices of information technology firms and retail establishments in the state remained shut on Tuesday as a mark of respect to the late chief minister.
The investment will be made through a joint venture with Toshiba and Denso. The battery is the most expensive single part of an EV.
The Obamas got a glimpse of Indian culture and ethos at Rajpath on Monday
The end goal of defence procurement should be not import or indeginisation but securing the country through able and ready armed forces, says Air Marshal P V Athawale (retd)
For the second year in a row, India has been recognised as the fifth-best performing nation in reforming the business environment. However, in the two categories that the government was banking on most - "Paying Taxes" and "Resolving Insolvency" - landmark reforms that were expected to yield better results have had the opposite effect. Under the circumstances should the country celebrate already or are there any reasons for worry, wonders Subhayan Chakraborty.
With 4G coverage spreading, Indian consumers will likely be more open to investing in smartphones
India's rank inched up by just one position to 130 in last year's Doing Business Survey by the World Bank.
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