The issue was taken up at a meeting in New Delhi between Commerce and Industry Minister Anand Sharma and visiting Polish Foreign Minister Radoslaw Sikorski.
A prime minister-appointed panel on inflation has pitched for opening FDI in multibrand retail in a 'properly regulated fashion', cautioning that the global corporations can also become monopolistic and hike prices.
Congress president Sonia Gandhi on Wednesday urged the government to put an end to the alleged 'systematic interference' of Facebook and other social media giants in India's electoral politics.
Despite strong AUM growth, MFs lag behind other popular investment avenues. MFs received only 6 per cent of total household savings in 2021-2022.
The government on Monday exempted importers of pulses from stock limits, and also relaxed the norms for millers and wholesalers, in view of softening of prices of the key pulses in the country. Now, the stock limits will be applicable only on tur, urad, gram and masoor for a period up to October 31, it said. However, these entities will continue to declare their stocks on the web portal of the Department of Consumer Affairs, it added. A revised order in this regard has been notified.
Ahead of a meeting of oil producers' cartel OPEC, India on Tuesday said the current oil prices are "very challenging" and rates need to be a "little bit sober" lest they impact a consumption-led recovery of the global economy. Oil Minister Dharmendra Pradhan, who last week again urged OPEC to phase out its production cuts, said India is a price-sensitive market and it will buy oil wherever it gets competitive rates. The rebound in international oil prices from lows hit last month on the back of demand recovery has led to a spike in petrol and diesel retail prices in India.
Virat Kohli shouldn't give up on the drives through the off-side which has got him loads of runs but he does need to be judicious while choosing the right delivery for the shot, said India's batting coach Vikram Rathour.
Balance is needed in selecting members for the proposed monetary policy committee, says Abheek Barua.
This will boost availability of these items as well as make them cheaper, it said, adding that Modi also directed the revenue department to ensure seamless and quick custom clearance of such equipment.
Limits and high taxes on FDIs have led to lesser investments in the Indian aviation sector.
In this round, the market has won. But it is still for Gautam Adani to decide whether he has lost or not, argues Shekhar Gupta.
China's National Health Commission said on Wednesday that 93 locally transmitted COVID-19 cases and 16 new imported cases were reported on Tuesday, the highest in a single day in recent weeks.
'The last thing he would want is new tensions with India.'
The government is ready for a debate in Parliament on price rise once Finance Minister Nirmala Sitharaman recovers from Covid-19, the Bharatiya Janata Party asserted on Wednesday and targeted Rahul Gandhi, saying he may be "unproductive politically" but should not hurt the legislature's productivity.
The government said it has no 'magic wand' to bring it down immediately though it is taking and will take all possible steps to contain price rise. According to official figures, inflation has touched a 40-month high of 7.41 per cent for the week ended March 29. It included 88 per cent rise in prices of food products, followed by 74 per cent rise in wheat prices, 72 per cent in rice prices, 71 per cent in fat and oil prices and 35 per cent increase in sugar prices.
Laxity at any level may nullify the gains achieved in COVID management so far, he underlined.
The claims were made after the Income Tax department had on July 6 raided 36 premises of the Bengaluru-based Micro Labs Ltd. across nine states.
The Department for Promotion of Industry and Internal Trade (DPIIT) will soon start public consultation for a national retail trade policy, which is likely to include an insurance scheme aimed at providing financial protection against losses caused by theft, accidents or natural calamities. The policy will also spell out ways to give traders access to low-cost finance, promote digital inclusion, and create necessary infrastructure to support them, a senior government official told Business Standard. This is expected to offer relief especially to traditional traders, who are facing stiff competition from large e-commerce players.
Hardik Pandya's team capped off a dream campaign in its maiden season by lifting the IPL 2022 title with a seven-wicket win over Rajasthan Royals in the final in Ahmedabad.
A Mercedes-Maybach S650 Guard was recently added to the prime minister's cavalcade by the Special Protection Group.
There was hope in some quarters that the interim Budget would boost sentiment and lay the groundwork for kick-starting the investment cycle, while staying on a path of fiscal consolidation.
The 47th GST Council meeting that is currently underway is slated to discuss a host of issues, including a mechanism for compensating states for revenue loss, tax rate tweaks in some items and relaxed registration norms for small online suppliers. Further, the meeting of the Council, chaired by the Union Finance Minister Nirmala Sitharaman and comprising state counterparts, will also clear levying the highest tax of 28 per cent on online games, casinos and horse racing, besides, measures to curb tax evasion, especially devising ways to tackle high-risk taxpayers in GST. "The meeting is being chaired by Hon'ble Union Minister of Finance @nsitharaman and many important decisions are expected to be taken at the meet," PIB Chandigarh tweeted.
The meeting held between Union Home Minister P Chidambaram and his Maldives counterpart Mohamed Shihab on Tuesday is an important step towards fighting terror.
The government on Friday said any freeze on number of Special Economic Zones would not be feasible given the country's demographic reality.
Automobile retail sales in India increased by 37 per cent in April on a low base of COVID-hit April last year, automobile dealers' body FADA said on Thursday. Total sales across categories rose to 16,27,975 units in April, as compared to 11,87,771 units in the year-ago period. On a year-on-year basis, all vehicle categories including passenger vehicles and two-wheelers were up as compared with April last year.
'Periods of high volatility are usually bad for mid-caps and this is something that has to be kept in mind.' 'Focus on quality is of paramount importance.'
In the Kashmir Valley, we need to begin to make a distinction between an insurgent who fights the security forces and a terrorist who murders unarmed civilians, suggests Colonel Anil A Athale (retd).
Their most important finding is a small-molecule compound that can occupy a gap in a human cell ordinarily attacked by the HIV virus, experts from the University of Science and Technology of China were quoted as saying in China Youth Daily.
The rupee appreciated 7 paise to 79.74 against the US dollar in early trade on Thursday as a positive trend in domestic equities supported the local unit. However, a strong American currency overseas and forex outflows restricted the rupee's gain, dealers said. At the interbank foreign exchange, the rupee opened at 79.72 against the American dollar, then went lower to trade at 79.74 against the greenback in early deals, registering a gain of 7 paise over the last close.
'They are not tom-tomming what a great thing the Supreme Court decision is.' 'If they say it was a great thing, the public will react because people suffered and are still suffering.'
'The Supreme Court has laid out some very important principles.' 'Let us see if the government will try to circumvent it and subvert the very essence of these principles or if it will comply with the order in the right spirit.'
Organisers warn participants against eating out over COVID-19 risks.
Beijing's health officials on Monday announced 29 fresh cases taking the total cases to 70 in the city.
Some regulators are already unleashing their own algorithms to track and understand pricing software of e-commerce companies. While companies collude on pricing, governments are collaborating on curbing online malpractices. The legal liability of an algorithmic decision will be interpreted as legal liability of an entity of an individual. Anti-trust activities of algorithms will not go unchallenged in any economy.
Given the security dilemma prevailing between India and China, India should curb the operation of Chinese telecom companies in India, asserts Dr Rup Narayan Das.
Organisers have already banned overseas spectators and set a cap on domestic spectators at 50 per cent of capacity
'Countries around the world are like passengers aboard the same ship. For the ship to navigate the storm and sail toward a bright future, all passengers must pull together'
He expressed hope that India will soon have indigenous production of vaccine against coronavirus.
With domestic retail fuel prices jumping to record high on rising international oil rates, India on Thursday pressed oil cartel OPEC for 'affordable' oil price within a 'reasonable band' and that the producers should phase out production cuts. OPEC nations such as Saudi Arabia have traditionally been India's principal oil source. But, OPEC and its allies, called OPEC+, ignoring its call for ease supply curbs had led to the world's third-biggest oil importer tap newer sources to diversify its crude oil imports. As a result, OPEC's share in India's oil imports has dropped to about 60 per cent in May from 74 per cent in the previous month.
