To promote localisation of manufacturing and reduce its import bill, the government increased basic customs duty on mobile handsets - from 10 per cent to 15 per cent.
The rupee will largely remain stable but with a mild depreciating bias in the next one year
Dream rally: Investors' wealth doubled in 5 years in India's equity market on Friday.
From the Aadhaar verdict to #MeToo's arrival in the country to the entry into the Sabarimala temple -- India had a newsworthy 2018. As we step into 2019, these are the top moments from the year gone by.
When it comes to celebrating William Shakespeare, can India be far behind?
'The Modi government is about privatising profits and nationalising losses.'
Based on the estimate, a courier bringing in 1 kg of gold currently worth around $40,000 at world prices could earn $470 if not caught.
The primary problem is that India's garment factories are too small and they typically have 150 people and about 80 machines.
Sitharaman, a newcomer on the Forbes most powerful women list, is ranked 34th. The Forbes 2019 list of 'The World's 100 Most Powerful Women' has been topped by German Chancellor Angela Merkel, followed by President of the European Central Bank Christine Lagarde in the second spot and Speaker of the US House of Representatives Nancy Pelosi, ranked third. Also on the list is Bangladesh Prime Minister Sheikh Hasina (29).
Amitabh Kant tells Rahul Jacob how India could be made an easier place to do business in and why India's software smarts will give it an edge.
To propel demand, one should concentrate on indirect taxes and bring down the goods and services tax (GST) rates to a uniform 12 per cent as the Vijay Kelkar panel had recommended, said Ajit Ranade, chief economist at Aditya Birla Group.
India's Directorate General of Foreign Trade on March 25 banned the export of Hydroxychloroquine but said that certain shipments on humanitarian grounds may be allowed on a case-by-case basis. With more than three lakh confirmed cases of coronavirus infection and over 8,000 fatalities, the US has emerged as the worst sufferers of the deadly coronavirus diseases to which there has been no cure.
'Human trafficking from Bangladesh is a regular phenomenon and those people come here to work or in search of greener pastures. They are all over the country. We are giving them legal recognition and making them citizens so that they don't have to live in fear,' says R Nataraj, AIADMK MLA from Tamil Nadu.
Like pharmaceutical companies globally - which used to enjoy a preferential exchange rate in Venezuela - Indian producers have been left badly stung by the collapse of the bolivar currency
Crisis of growth is worsened by the challenging global environment and policy missteps. Returning to 9 per cent growth trajectory will be a tall order.
Women are opting out of high-flying career due to family responsibilities, says a study.
Ajay Mathur, currently director general of the Bureau of Energy Efficiency, has been appointed as the new DG.
The announcement comes on the first anniversary of the project.
We need to make start-ups, instead of small businesses, part of the priority sector, says Shubhashis Gangopadhyay.
In a society where corruption is endemic and you want to get something done then it is all too tempting to offer a bribe, Swraj Paul said.
These exist in a unique world of by-invitation-only properties -- those that are never advertised and which money alone cannot buy. One cannot simply walk in for a tour of these apartments. A buyer must first meet the developer's targeted social criteria to get invited for a walkthrough of the property.
'If you behave like a nail, the adversary will behave like a hammer.'
The immediate concern for the rupee is the sharp spike in oil prices
'Let me talk about young Indian startups with their hearts in the right place and how they are proving that innovations that represent 'affordable excellence' -- breaking the myth that 'affordability' and 'excellence' cannot go together -- is indeed possible!' says Dr R A Mashelkar, the eminent scientist, in this fascinating feature.
Around 250 financial market players will participate in a closed door meeting with Narendra Modi on February 27.
The Parsi community runs India's respected corporate houses like the Tata, Wadia and Godrej groups.
The capital's ever-shifting power class remains unsettled and unnerved seeing the power, favour, nepotistic and quid pro quo pillared superstructure gradually crumble under Narendra Modi's watch -- the only mantra that seems to be taking centre stage is that of performance, implementation and delivery, says Dr Anirban Ganguly.
'When the Brexit bomb goes off, the shrapnel will wound us.' 'We will in the time-honoured tradition apply band-aids all over.' 'Those who shout the loudest will get economic relief like interest rate reduction and debt restructuring.' 'Others will go on living lives of quiet despair,' says S Muralidharan.
There is also a lobby within the bureaucracy that wants to see Rajan's influence curtailed
E-commerce firms like Amazon, Flipkart, Myntra and others witnessed successful festive season sales this year, Experts say e-commerce adoption in the country is accelerating by multiple years or what it would have looked like in 2025.
Investors must be cautious and follow a prudent diversification strategy to mitigate against any risks in case of any unforeseen events.
'What is forgotten but is actually as important for a society's long run success is morality.' 'Morals and trust are the nuts and bolts of an economy.' 'Without those you can get short run success, but not long-run development.'
Kyle Jamieson is the highest paid New Zealander and fourth highest in the IPL's 14-year history.
Heads of state and big-name billionaires opened the Paris climate summit with a bang on Monday.
The NITI Aayog may want us to believe this is one of the easiest payment systems in the world, but Tinesh Bhasin decodes the many unanswered queries and concerns involving the United Payments Interface.
Migrants do many of the dirty and dangerous jobs in the region, from construction to the oil industry, transport and services
"Is this where our country is headed? Had we dreamt of a country where there was no space for dissent, where only the rich and powerful are heard and where the poorest and most vulnerable are oppressed? Where there once was law, there is now only darkness," he said in the video in Urdu.
The wheels turn for bicycles, as manufacturers go back to the basics. After motorised two-wheelers overtook cycle sales in the country, manufacturers are focusing on commuter segment again and reviving entry-level cycles.
Kataria, 49, an IIT-XLRI alumnus, was quick to implement a number of initiatives during the Covid-19 crisis including launching D2C initiatives such as mobile stores, WhatsApp messaging, video calling and home deliveries. Kataria was also swift to recognise that stay-at-home consumers were keen to buy informal rather than formal footwear, launching new collections quickly to take advantage of this trend, says Viveat Susan Pinto.
