At present, Yes Bank’s PCR stands at 46.3 percent, as against 66.0 percent a year ago. The number was slightly higher than the 43.3 percent recorded in the September quarter.
In the meeting held on Thursday, that is 18th January, 2018, the Council has recommended many relief measures regarding GST rates on goods and services
In 2017, for the first time, foreign tourist arrivals touched 10 million, up from 8.8 million in 2016, when it had grown by 9.7 percent over the previous year.
Over the past five years, all energy costs have been subject to two unanticipated headwinds. One was the discovery of shale oil which could be recovered quite easily at average costs of around $40 a barrel equivalent. The other was renewables – particularly wind and solar.
Banks are saddled with over Rs 10 trillion bad loans in the system, most of them in infrastructure sectors like power, steel and road projects, forcing the RBI to list as many 40 largest NPA accounts, which constitute 40 per cent of the mess, to be referred to the national debt tribunals for recovery and resolution in 2017.
So far, 470 mandis in 14 states have been integrated with the eNAM platform, launched in April 2016 with an aim to help farmers with better price discovery and provide facilities for smooth marketing of their produce.
"Crisil Research estimates coastal transportation of coal to increase to 63 million tonne per annum (MTPA) by fiscal 2023, from 32 MTPA as of fiscal 2017 as structural bottlenecks ease," it said in a statement.
These are very encouraging numbers and the government is working towards doubling both the FTAs and foreign exchange earnings in the next three years, he added.
According to the global financial services major, the fiscal deficit target for this financial year is likely to be revised upward to 3.4 per cent of GDP.
In its outlook for 2018-19, the agency said there will be a gradual pick up in growth momentum owing to structural reforms like GST and Insolvency and Bankruptcy Code (IBC) in place.
The consultant also said that states should be asked to exempt stamp duty on the Real Estate Investment Trusts (REITs) to make them viable.
Lower exports from India will help major growers like the United States, Argentina and Brazil increase sales of the animal feed to Asian buyers like Bangladesh, Vietnam and Japan.
India will need at least $125 billion to fund a plan to increase the share of renewable power supply in the country's grid by 2022, underlining the immense financing challenge ahead.
“The reduction will not really impact our fiscal deficit target estimate for India and hence is not too relevant to our sovereign rating."
Besides, the industry is also seeking relaxed FDI regime for multi-brand retail trade (MBRT) as also incentives to be provided for setting up warehousing and cold-chain storage facilities.
In an interview with CNN-News18’s Marya Shakil, Prabhu talks about the Davos pitch, India’s firm stand at the WTO talks and the state of the Indian economy in general.
To put the amount in context, global corporate funding for the solar industry - the world's fastest-growing electricity source – was a tenth of that amount in 2017 at $12.8 billion, research firm Mercom says.
“On economic reforms, by and large, this government has followed the earlier government’s policies by renaming many of those things whether we see loan for small-scale industries where you call it Mudra or any other name. The policies are the same,” Chaturvedi said.
Punjab Finance Minister and Congress leader Manpreet Singh Badal said GST was projected as a regime that would usher in growth, but its "flawed" implementation had resulted in a fall in GDP and created an "economic mess".
Japan is funding most of the project, and Japanese companies are likely to supply at least 70 percent of the core components of the rail line, said five sources in New Delhi with direct knowledge of the matter.
This year the Indian contingent at WEF will convey Prime Minister Modi’s vision for New India by 2022.
At present, FDI of up to 49 percent is allowed in private banks without the permission of the government, and upto 74 percent can be invested with the government's approval.
Jethwani also spoke about corporate tax, saying there is hope for the corporate tax rate to be reduced.
Crisil Research expects GST exemption for MRO, which is in the 18% slab at present, to boost industry.
"Today, we have unveiled our public cloud policy and this policy will allow all government departments to have access to public cloud," Chief Minister Devendra Fadnavis said at the Maharashtra Technology Summit here today.