In fact, India's investment activity growth is also estimated to touch a 17-year low in FY20. With overall demand not showing signs of revival, investment activity may take longer to recover, economists said.
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
Modi also made a call for European Union unity and said India would play a positive role in enhancing that through Germany.
On day 1, says retrospective taxation should be avoided; Sets up special investigation team to unearth black money.
Government has announced a slew of measures to give impetus to electric cars.
Tewari said BJP's Hindu-Muslim and India-Pakistan rhetoric is the only way for the ruling party to cover up for its failure in improving the economy of the country which is in a shambles right now due to its policies.
The business council aims to give impetus to trade.
Heads of state and big-name billionaires opened the Paris climate summit with a bang on Monday.
'This is part of our efforts to make it easier to do business.'
Ambassador Venu Rajamony, who served as press secretary to President Pranab Mukherjee during his tenure, salutes the statesman and political legend, who passed into the ages on Monday.
In the session which concluded on Wednesday, Speaker Sumitra Mahajan preferred to carry on with the listed business even as protesting Congress members stormed the Well and shouted slogans, many times walking out of the House for the day.
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
Modi may bet on old faces and new to boost reforms
US Ambassador Richard Verma's tips to the Indian states.
His father is a former finance minister. His brother is a minister in the Modi government. But Sumant Sinha wants nothing to do with politics and tells Shreya Jai why he is bullish on the renewable energy sector.
After a positive opening, the 30-share BSE Sensex suddenly faced selling pressure in late-afternoon trade. It finally settled just 5.67 points, or 0.01 per cent, lower at 39,586.41.
Modi is also scheduled to hold a bilateral meeting with Xi on Tuesday.
On the other hand, mobile accessories, medical equipment energy efficient CFL lamps, set top boxes, compact disc, toys and books will be cheaper on account of some tax concessions offered on these items by Finance Minister Pranab Mukherjee in the Union Budget for 2010-11.
Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a $15 billion deal. Reliance chairman and Asia's richest man Mukesh Ambani, who had two years back disclosed the talks to sell a 20 per cent stake in the company's oil-to-chemical unit to Saudi Aramco, announced the appointment of Al-Rumayyan at the company's annual meeting of shareholders. Harvard educated Al-Rumayyan, 51, will replace Yogendra P Trivedi, 92, who has expressed a desire to retire, Ambani said. On the sale of a 20 per cent stake in the O2C business, he said the deal is likely to conclude this year.
The Adani group had applied for the Northern Australia Infrastructure Facility loan for building the 388-km rail line to connect the Carmichael coal mine to the sea port.
'People have realised they bought into the prime minister's package and it is empty.'
'Women's voices are too high or too low, or they are seen as too short or too tall, or too fat or too thin, to be great leaders.' 'These judgments wear us down.'
"I am proud to announce the project has Final Investment Decision (FID) approval which marks the official start of one of the largest single Infrastructure -- and job creating -- developments in Australia's recent history," Gautam Adani said.
The government believes that the matter should remain within the jurisdiction of the International Atomic Energy Agency and not be referred to the United Nations Security Council.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
In the third reshuffle since coming to power, Prime Minister Modi raised the strength of his Council of Ministers from 73 to 76.
With a view to keeping inflation under check, essential items including food, which presently constitute roughly half of the consumer inflation basket, will be taxed at zero rate.
India needs to tread cautiously on the growth path.
On the telecom sector, he demanded auctioning of more spectrum.
The minister echoed the consistent message of the Indian delegation as well as other developing countries that the Intended Nationally Determined Contributions of all countries should include elements of adaptation, finance, technology and capacity building.
At the pre-Budget meeting at Niti Aayog, Modi called for a focussed effort from all stakeholders in order to achieve the target of $5 trillion economy. The participants urged the government to focus on credit expansion, exports growth, governance of PSBs, increasing consumption and job creation.
While the Union Cabinet had in November last year approved the sale of the government's entire 52.98 per cent stake in BPCL, offers seeking expression of interest (EoI), or bids showing interest in buying its stake, were invited only on March 7. The EoI submission deadline was May 2, but on March 31 it was extended up to June 13. On Wednesday, the government said this deadline is further being extended up to July 31.
The missive to the chief minister came as the MLAs were reportedly shepherded to Mumbai last night and kept in a five-star hotel to apparently prevent them from being poached for the June 11 biennial polls to four RS seats from the state.
The momentum created by the landslide victory of the ruling party should be utilised to carry forward reforms in the legal field, says M J Antony.
During their talks, the two leaders decided to significantly expand their ties in several key areas including defence, trade, energy and education.
Prime Minister Narendra Modi who inducted 19 new ministers into his Cabinet on Tuesday has carried out major changes in the portfolios of his top ministers.
Describing sustainable development as one of the biggest challenges faced by the world, Prime Minister Manmohan Singh said a lot of cooperative work was needed to transform it from a mere buzz word to an operational strategy for development. Singh said that unfortunately, international community has not lived up to its commitments on technology transfer and additional financing since the 1992 Rio Conference, also known as the Earth Summit.
"I thank the people and Government of Israel for their hospitality. This successful visit will add more energy to India-Israel relations," Modi said in a tweet.
Srikanth Kondapalli on what to expect from the seventh BRICS summit meeting to be held in Russia in July.
