The country had produced a record 138.52 MT in the kharif season of 2016-17 crop year (July-June) on good monsoon rains.
CNBC-TV18’s Latha Venkatesh caught up with Finance Minister Arun Jaitley from the sidelines of JP Morgan India Investor Summit 2017 and asked him about the details on a possible stimulus package for the economy.
Speaking at the Bloomberg Global Business Forum meeting here on Wednesday, Kim also called for more cooperation among the multilateral system, private sector and the governments to take advantage of the current win-win situation.
Chabahar port, located in the Sistan-Balochistan province in the energy-rich Persian Gulf nation's southern coast, lies outside the Persian Gulf and is easily accessed from India's western coast, bypassing Pakistan.
As per the amendments in Hand Book of Procedures (2015- 20), the directorate general of foreign trade (DGFT) said that at the time of exports of gems and jewellery parcel by post, the exporter will have to submit documents including shipping bills or tax invoice as per the GST rules.
This is the second month of return filing under the Goods and Services Tax (GST) regime and similar to last month, businesses thronged the GST Network portal on the last day to pay taxes.
Also, the businesses will have to print in indelible ink on containers in which they are selling cereals, pulses, flours that they have voluntarily foregone actionable claim or enforceable right on brands, a finance ministry statement said.
By bringing petrol and diesel under GST regime, the prices of the petroleum products would reduce by nearly 50 per cent, he told reporters here.
In a letter addressed to all zonal general managers, the railway board has said that Goyal has asked that food served to passengers has the name of the supplier or contractor, weight, date of packing and a distinct symbol indicating if it is vegetarian or non-vegetarian.
"Cabinet approves rationalisation/merger and modernisation of 17 Government of India Presses (GIPs) into 5 GIPs at Rashtrapati Bhawan, Minto Road and Mayapuri in New Delhi, Nashik in Maharashtra and Temple Street in Kolkata," an official statement said.
Jaitley's comments came after India's economic growth slipped to a three-year low of 5.7 percent in the last quarter.
The Fed, as expected, also said it would begin in October to reduce its approximately $4.2 trillion in holdings of U.S. Treasury bonds and mortgage-backed securities acquired in the years after the 2008 financial crisis.
Britain's net contribution in 2015, the last year for which figures were available, was 10.75 billion euros.
The two sides discussed the possibilities of expanding cooperation in exploration and production of hydrocarbons.
The commerce ministry is also holding consultations with exporters to review the foreign trade policy.
The first quarter GDP growth of India has slipped to a three year low of 5.7 percent this fiscal year.
If you are late to file your GST returns, there might be some good news for you soon. The Rajasthan High Court today ruled that no late fee can be charged for filings for the month of July and August. The court also told the government to correct the GST-network glitches as soon as possible.
Revelations were made during presentation made by heads of these PSUs to Assembly Committee on Public Sector Undertakings.
The NASSCOM, India's premier trade body for IT-BPM companies, signed a framework agreement with Dalian Municipal People's Government, allowing more Indian companies to penetrate into huge Chinese software market.
The Central Electricity Authority and the power ministry suggested to supply coal to this unit as per the provisions of the linkage policy for the power sector.
The government on Wednesday said that peer-to-peer lending (P2P) platforms would be treated as non-banking financial companies (NBFCs) and regulated by the Reserve Bank of India (RBI).
The change in ranking was an outcome of four factors including increased consumer spending, beyond essentials, rising mobile and internet penetration, favourable foreign investment climate and bold action on cashless transaction and GST.
Finance Minister Jaitley said the GST Network had no difficulty to upload returns till last night, but when 75 percent of businesses throng the portal on a single day, there would be trouble.
Finance Minister Arun Jaitley provided no indication of any cut in excise duty on petrol and diesel to cushion the spike in rates.
Moving away from cash incentives and physical gifts, more number of companies are now turning to digital gifting options including online coupons and gift cards.