Late last year 24 countries, including those in the Organization of the Petroleum Exporting Countries, agreed to cut production by 1.2 million barrels per day.
The government today hiked the fair price for sugarcane by Rs 25 per quintal to benefit five crore farmers across cane producing states.
Watch experts discuss the impact of cabinet's decision to abolish FIPB.
The bonds will be raised by the Ministry of New & Renewable Energy through the Indian Renewable Energy Development Agency during the 2017-18.
Sluggish economic growth — as indicated by low core inflation —and GST implementation should help keep inflation in check, says a Kotak report.
Government has invited comments from stakeholders on changes it has proposed. The stakeholders can send their views to the government for the second part of bidding for the RCS-UDAN routes by June 9.
Stressed-ridden domestic steel players may find it difficult to make fresh investment of around USD 140 billion for government's ambitious capacity expansion plan of 300 mt by FY 2031, ICRA said in a report.
The responsibility of handling FDI proposals will now be left only to a single ministry and the concerned sector regulator to hasten fund flows and ease procedures
The Centre is pitching for synergy between the bureaucrats at the Centre and the states for a smooth transition to GST.
While the rating revision has its own implications albeit marginally on currency and interest rates at which the China can raise funds, what demands attention is the rationale for the downgrade and concerns that the global rating agency has highlighted.
To mark the occasion, PM Modi is expected to make a speech to the nation and launch a series of vital projects from Assam, signalling the importance he attaches to a remote region that is hemmed in by China, Bangladesh and Myanmar.
To make the railways financially viable, the government is not only looking at disinvestment of five CPSEs but is also trying to monetize railways' soft assets. They are also looking at reducing costs of railway operations, said Railway Minister Suresh Prabhu.
The shipments from these zones in 2015-16 were aggregated at Rs 4.68 lakh crore.
The government is working overtime to roll out the goods and services tax regime from July 1 and has held several workshops and seminars to familiarise traders and the industry about the new indirect taxation structure.
As per the tax slabs decided by the Council last week, the incidence of GST on mid and large-sized hybrid cars has been kept at the same level as passenger cars.
"Demonetisation was a successful political coup which was heavily applauded by a majority of the Indian people. The government showed it was serious about corruption," Sorman told PTI in an interview.
It also said that the Goods and Services Tax will not have an upward impact on inflation. The government finalised a multiple rate tax structure, while an ideal GST would have carried one single rate with very few exemptions, HSBC said.
India is in the process of making government departments buy all their goods and services from a single platform.
Randstad India, one of the largest players in the permanent staffing space in India, is now looking at opportunities in the executive search and skilling space.
The project will enhance the beauty of the Jaipur city, the Urban Development minister said.
A senior IT ministry officials told The Economic Times that Apple will be allowed to import some components at zero duty, but the duration of the concession remains a bone of contention.
A weak Trump offers positives for a range of Indian sectors and any fall in Indian benchmarks offers re-entry opportunities.
CBEC chief personally monitoring preparedness; about 400 trade awareness, technical training and GST outreach programmes for tax officials across the country in the next four weeks to ensure a glitch-free rollout
Mukesh Aghi, president of US India Business Council (USIBC) - a top American advocacy group representing US business interests in India - said Prime Minister Narendra Modi had demonstrated that he could make "bold" and transformative decisions.
Foreign-exchange markets reacted to the news, with the Australian dollar dropping from levels around $0.7480 to as low as $0.7452 in the wake of the announcement.