NHB's proposal will have a bigger impact on the growth of small and medium enterprises which have been relying on LAP to meet their short-term requirement of funds.
As per the data the global GDP growth rate is projected to grow from 3 percent in 2016 to 3.5 percent in 2017 and later to 3.7 percent in 2018
Emphasising upon the importance of quality and standards of goods and services, Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said that to become part of the global value chain, quality should be the best in the world.
Domestic rating agency Icra expects this will lead to a strong demand pickup for large truck tyre manufacturers. The government on September 18 slapped anti-dumping duty ranging between USD245.35 and USD452.33 per tonne on Chinese tyres for five years.
The policy, which also aims to open up immense potential for private investments in affordable housing projects on government landparcels in urban areas, gives eight public private partnership (PPP) options for developers to invest in the segment, said the newly-appointed Union Urban Development and Housing Minister Hardeep Singh Puri here.
Jaitley, who has been holding consultations with his Cabinet colleagues and senior government officials to devise plans to lift the economic growth, said real estate can be brought under the just-introduced Goods and Services Tax.
The important things which are involved in the process include availability of equipment and adequate infrastructure.
Modi also emphasised that the 'cooperative spirit' should be kept alive and strengthened. Addressing the birth centenary of Maharashtra-based cooperative leader Laxman Madhav Rao Inamdar, the Prime Minister said: "It is natural for the cooperative sector to grow and shine in India. There are several sectors where the cooperative sector can help make a positive difference."
According to the global financial services major, forex reserves could be used for funding growth-critical public infrastructure projects and the macro backdrop is also suitable for this.
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.
Till last fiscal, the training providers were not mandated to report the employment status under the scheme.
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.
"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 first quarter GDP growth of India has slipped to a three year low of 5.7 percent this fiscal year.