India's plan to give millions more people cheap food will cost more than its forecast of Rs 1.3 trillion (USD 23.8 billion) a year and will accelerate inflation, a leading adviser on food issues for the government said in an interview.
CNBC-TV18s Rituparna Bhuyan reports, quoting sources, that there is virtually no scope for passing the Insurance Bill and as a result the 49-percent FDI in insurance, a must-have for the EU to ink the free-trade deal with India, will not be possible
Over 27,000 restaurants in Mumbai are likely to remain closed on Monday in response to a call by Indian Hotel and Restaurant Association (AHAR) to protest the imposition of service tax on partly air-conditioned restaurants in the Budget.
A real estate exhibition underway right now in Mumbai dubs itself as "India's biggest property expo" and promises "properties across all budgets". It will flop, as many of the previous ones did, for the reality is that property in Mumbai has completely detached itself from the fundamentals of affordability and economic value.
Armed with the Budget proposals to bring down the fiscal deficit, the Finance Ministry will pitch for a ratings upgrade at series of meetings with the global agencies over the next few weeks beginning with Fitch from tomorrow.
Days before the budget session of parliament resumes, Anand Mahindra And Pawan Goenka today met the revenue secretary to express their concerns on definition of sports utility vehicle for the purpose of excise duty.
CNBC-TV18 caught up with some of the top business leaders on the sidelines of the CII conference and tried to find out their views on issues like the economic situation in the country and the possibility of early general elections.
With Adi Godrej set to hand over the post of president of CII to Kris Gopalakrishnan, Shereen Bhan caught up with the two business leaders and asked them their views on the economis and the political scenario