In his maiden Budget presented in Parliament on July 10, Finance Minister Arun Jaitley has tried to provide relief to the middle class by increasing tax exemption limit by Rs 50,000 to Rs 250,000.
The AAP government withdrew the approval given by the Sheila Dikshit-led government on allowing FDI in multibrand retail in Delhi.
The status quo decision came as a breather as only last week the RBI had pulled up banks for not helping it in monetary policy transmission.
The Reserve Bank of India (RBI) will maintain the policy repo rate at 6.5 per cent during its upcoming June 8 announcement, considering the easing of retail inflation in April and the potential for further decline, indicating the effectiveness of previous policy rate actions, anticipate experts. Headed by Reserve Bank Governor Shaktikanta Das, a meeting of the six-member Monetary Policy Committee (MPC) is scheduled for June 6-8. The decision of the 43rd meeting of the MPC would be announced on Thursday, June 8.
India's goal of self-reliance has been paramount in the policy and practice of the country. The COVID-19 crisis gave us lessons on how to speed up efforts in that direction, he said.
The queries can now be addressed to and their responses accessed from the makeinindia.com website that was unveiled along with the campaign aimed at making India a manufacturing hub by Modi at a mega event in New Delhi on Thursday.
Singh said the nation and the society as a whole are gradually getting conditioned to look at things in the eye instead of getting confused by duplicities.
The 4 week online learning programme is available in English and Hindi, and will soon be offered in some regional languages.
NITI is trying to partner with other knowledge institutions.
Next week, US Secretary of State John Kerry travels to India for the fourth annual US-India Strategic Dialogue
Capital dumping is being used by foreign e-commerce firms to subsidise and engage in predatory pricing, oil-to-telecom conglomerate Reliance Industries (RIL) has told the Associated Chambers of Commerce and Industry of India (Assocham) in an internal document. The document alleges that this is leading to massive unemployment and financial distress among small merchants and kirana stores. It consists of various recommendations and proposed changes that deal with Press Note 2 of 2018 (PN 2), which RIL wanted Assocham to present to the government, according to sources.
UK environment minister Lord de Mauley hosted a round-table meeting here with representatives of mango and vegetable importers and exporters from the UK and India, Deputy Indian High Commissioner to the UK Virendra Paul, and senior regulators from Defra and the Food and Environment Research Agency.
The beneficiaries of the second set of announcements are expected to be micro, small, and medium enterprises, farmers, women, poor, migrant workers, and other marginalised sections of the society, reports Arup Roychoudhury.
The meeting will focus on how to make the crisis an opportunity for India.
Bengal Finance Minister Amit Mitra expressed confidence in GST.
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The rate cut, the industry chambers argued, could have given a positive signal to the manufacturing sector, which is undergoing difficult times.
The government will press ahead with the sale of public sector companies that have been approved by the Cabinet, Finance Minister Nirmala Sitharaman said on Thursday. Highlighting that FDI flow into India is much higher compared to other emerging economies, she said India's strong macroeconomic fundamentals, ability to do reforms and a stable government help attract long-term foreign funds into Indian businesses.
'Because there's a very effective Coast Guard,' says maritime piracy expert Jayant Abhyankar.
Costlier onion and other vegetables pushed up inflation for the third month in a row to 6.1 per cent in August, making it difficult for the RBI to cut rate in the monetary policy review due later this week.
In a significant move, the 13th Pravasi Bharatiya Divas, to be held in Gujarat from January 7 to 9, might see the overseas citizen of India and person of Indian origin cards getting clubbed, External Affairs and Overseas Indian Affairs Minister Sushma Swaraj said on Monday.
According to the Assocham Eco Pulse study, the 14 per cent growth in exports to countries like the US, UAE, Singapore, China and Germany responded to the growth in their real GDP.
The BJP's effort comes in the wake of Commerce and Industry Minister Piyush Goyal set to attend the eighth RCEP ministerial meeting in Bangkok from October 10 to 12.
In the mid-quarter monetary policy review last month, RBI Governor Raghuram Rajan had left the key policy rate unchanged, after raising it 50 bps in two instalments since he took over on September 4, saying he was waiting for more data clarity.
The banking sector in the country is stable, capital is available and credit offtake is poised to take off, he said at a webinar organised by Bharat Chamber of Commerce. "We are not unique to the phenomenon of uncertain growth and high inflation due to the pandemic.
Veteran industrialist Ratan Tata was conferred the title of "Global Visionary of Sustainable Business and Peace" by the Federation of Indo-Israel Chambers of Commerce (FIICC) for epitomising "unity, peace and sustainability". "Ratan Tata's support toward Israel has been unstinted. His commitment to put India on the global map with dignity and respect has been noted by each and everyone. "A man respected by the business communities of all the three countries - India, Israel and UAE - he epitomises unity, peace and sustainability," the president of the bilateral chamber, Gul Kripalani, said.
India's Business Process Outsourcing (BPO) sector is facing stiff competition from the likes of Mexico, Malaysia, Philippines, China, Canada and Ireland that are posing a grave threat to the growth of India's BPO sector, said the Associated Chamber of Commerce and Industry of India.
In an effort to improve Indo-UK bilateral trade, the British Chamber of Commerce and Industry will bring out an India Fact File on September 1, Indian High Commissioner to the UK, Kamalesh Sharma said in London.
Some antique jewellery is displayed in a couple of museums in the world.
This FDI includes equity, re-invested earnings and other capital.
Prasad appealed to US businesses to invest in the country in a big way specially in ambitious programmes like Make in India
Sunak announced that the Immigration Health Surcharge (IHS) would be hiked from 400 pounds to 624 pounds.
Due to lower output from mines, utilities and factories, the July factory output data came down to 0.5 per cent year-on-year, the government data showed on Friday, down from June's revised 3.9 per cent rise.
Chairman Emeritus of Tata Sons Ratan Tata said shifting the Nano car plant from Singur in West Bengal was a prudent move in hindsight but gave the group a high negative cost.
Pegged at $1.8 billion in construction deal size, The London Resort, which is located 17 minutes outside London, has attracted bids from three other construction majors from across the world.
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
Leander Paes is ready to unleash his 'new version' when the sport resumes but the veteran tennis star fears that the organisers may not be able to pull off Tokyo Games and the legacy he wants to create by playing his eighth successive Olympics could remain an unrealised dream. Paes, who turned 47 on Wednesday, had announced that 2020 would be his last season and Tokyo Games was expected to be his swansong event but the COVID-19 pandemic upset his plans.
'The force of reforms. The force of investment. The force of formalisation. The force of digital and green technology. And the force of youth and entrepreneurship. I am convinced that these 5 forces will propel India's rise over the next several decades,' predicts Kumar Mangalam Birla, chairman, Aditya Birla group.
Almost 53 per cent of the companies covered by the survey felt that high cost of credit was creating a problem for India Inc.
Bosses in the United Kingdom prefer to hire record number of migrants because they have a "shockingly low opinion" of local British workers, a survey has revealed.
Despite domestic shortages, Pakistan is unlikely to import wheat from India owing to political reasons and different agri-trade regimes in the two countries, a Pakistani legislator and industry representative said in New Delhi.
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