For the current fiscal which ends on March 31, it put the real GDP estimate at 5 per cent. It estimated a 7 per cent growth in 2022-23 and 2023-24 fiscal years. The inflation rate was seen moderating to 4.4 per cent in the next fiscal from 4.7 per cent in the current.
Business of retail, food and beverages at duty-free shops in India was estimated to have a potential of $3.5 billion by 2021.
At FSSAI, after the Maggi ban, Malik faced criticism from both government and the industry.
With Goods and Services Tax (GST) officers under pressure to exceed the Rs 1-trillion collection mark per month, industry has faced a barrage of recovery notices and summons issued over the last one month across sectors, according to company executives. Industry bodies have claimed harassment by field officers, blocking of input tax credit, cancellation of GST registration, threats of arrest and steep penalties, impacting their working capital and operations. Company executives pointed at an atmosphere of apprehension and fear due to such notices and summons.
Foreign investment firms, especially private equity, are jittery about the Indian market as uncertainty continues to shroud the energy sector.
Airlines and airports are devising their own standard operating procedures, with a limited number of flights being planned to enable social distancing on ground and inside aircraft. The AAI guidelines also state that airport facilities such as smoking rooms, kids play areas, and prayer rooms shall be restricted to a limited number of people, to minimise gathering.
Probably 35 bps. There could be even an encore in February 2023 to take the policy rate to 6.5% before the financial year ends, predicts Tamal Bandyopadhyay.
The advent of artificial intelligence, blockchain technology and cryptocurrencies, and the increasing use of Internet of Things devices throw techno-legal challenges regarding privacy and security. Experts say, any expansion of power to the government to block web-services is detrimental to the interests of users, innovation, and India's larger technology ecosystem. The move to block the mobile apps is likely to have a lasting impact on the data security and privacy framework.
India's sourcing from China may not necessarily be for cost-effectiveness alone but also for the lack of domestic qualified bidders, technology or other know-how.
Lack of clarity on whether manufacturing bans in Punjab, Uttarakhand, Himachal, Goa and Karnataka still in place
Test reports from UP food regulator started the controversy.
If the pandemic persists, at least a portion of the blame should go to greed and nationalism that got in the way of the world acting together, notes Prosenjit Datta.
The mysterious Himalayan 'yogi' who allegedly advised Chitra Ramkrishna, former managing director and chief executive officer of the National Stock Exchange (NSE), on important matters of the bourse could be none other than Anand Subramanian, according to a letter written by former NSE chairman Ashok Chawla to the Securities and Exchange Board of India (Sebi). Subramanian was group operating officer of the NSE and advisor to Ramkrishna during 2015-16. He joined as chief strategic advisor in April 2013.
The News Broadcasters Association (NBA) has extended an olive branch to India TV -- the Rajat Sharma-promoted channel that withdrew its NBA membership last week after being fined by the News Broadcasting Standards Disputes Redressal Authority.
Talk of a blackout by other news channels in solidarity remained inconclusive because of the heavy news agenda on that day.
Life Insurance Corporation of India (LIC) has increased the size of its shareholders' fund to Rs 6,600 crore from Rs 100 crore in a bid to accommodate a larger shareholder base ahead of its public listing. The size of the fund has been enhanced by retaining two years' of dividend and issuing fresh capital, said an official. Increasing the size of the shareholders' fund will help boost the number of shares for allotment in the insurer's initial public offering (IPO). The corpus represents the amount of equity in a company that belongs to its shareholders.
Iran is India's largest importer of tea in value terms while in terms of volume, it is the second largest after Russia
Nestle India has tied up with five cement manufacturing units.
NPCI has launched several consumer friendly systems including one that allows users to transfer money to people over mobile phones across India.
The phase 3 trial findings indicate that Covaxin induces a robust antibody response with no severe vaccine-related adverse events or deaths reported among the trial participants, the authors of the study said.
In a major boost to measures being taken by India against money laundering and terror financing activities, the Financial Action Task Force (FATF) on Wednesday said the country has substantially addressed the deficiencies in its regulatory framework and has become largely compliant with global standards in this regard.
'We go through 18 years of school and college, but we lack many necessary skills.' 'The biggest lessons we need, to live life, are somehow not taught, and they are only learned on the job.' 'My intention, through my content, my books, and my start-ups, is to make college kids become life ready.'
Declaring a man Indian citizen, the tribunal in Karimganj district held that though National Identity Cards are yet to be issued, 'but there is no doubt that this NRC Assam published in 2019 is nothing but Final NRC'.
On August 13, Bombay High Court lifted the ban on nine variants of the fast food.
We'll need to wait a couple of years to see how many restructured loans turn bad and whether some banks fall victim to their obsession for growth, explains Tamal Bandyopadhyay.
The Indian operation of the Swiss food group employs more than 5,000.
India has already signed the OECD's global standard for automatic exchange of information between tax authorities two years back and once the new format is implemented, the country will follow the new protocols envisaged in it.
There were 52 launches during January-June 2015, compared with 29 in the year-ago period and 32 in 2013.
Earlier last month, for the first time ever, an anonymous hacker was served with a restraining order as a non-fungible token (NFT), reports Shivani Shinde.
GM cites global pandemic as reason for the step. Firm had stopped selling cars in India in 2017 and stopped production completely on December 24, 2020.
The Maggi controversy is likely to be a stepping stone in the evolution of country's packaged and processed food industry.
Former Union Minister and Congress leader Salman Khurshid is facing legal issues with the release of his book, Sunrise over Ayodhya -- Nationhood in our times. Two Delhi lawyers have filed complaints with Delhi Police against Khurshid, for allegedly defaming and comparing Hinduism with terrorism in his book.
The issue of black money has been a matter of great debate in India and Switzerland has been long perceived as one of the safest havens for the illicit wealth
After the Trinamool's overwhelming majority in the West Bengal assembly elections last year, the SSC scam has given fresh ammunition to the Bharatiya Janata Party and the Communist Party of India-Marxist. Ishita Ayan Dutt reports.
This will help expand the distribution channels, said Subhash Chandra Khuntia, chairman of the insurance regulatory and development authority of India.
Given India's reliance on coal, electric vehicles could at best be 10% more efficient than petrol in terms of CO2 savings.
India has got the second set of Swiss bank account details of its nationals and entities under the automatic exchange of information pact with Switzerland, marking a key milestone in the government's fight against black money allegedly stashed abroad.
The more people get vaccinated, the better it will be for the country and the economy, the National Conference vice president said.
The new draft guidelines issued by IRDAI proposes a minimum sum assured of Rs 50,000 and a maximum of Rs 5 lakh. A General Insurance Council official said the guidelines were still being worked on and would only be finalised next week.
Any adverse electoral fallout in Thrikkakara by-poll may have an impact on Rahul Gandhi because this falls in the state he represents as a member of Parliament and KC Venugopal because it is his home state, reports Shine Jacob.
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