In its latest monetary policy review on October 4, the RBI had kept the policy rate unchanged at 6 % even as it cut the growth forecast to 6.7 % for the current fiscal
Finance Minister Arun Jaitley is going to the US to attend the IMF-World Bank meeting this week.
The Centre is giving final touches to a national tourism policy, which is expected to provide single window clearance for organising meetings and conferences.
In his first address to the India Inc, Bharatiya Janata Party (BJP) President Amit Shah said BJP's policy implementation will help industry for the next 30 years.
Jaitley was in the city to address a GST Conclave organised by various industry bodies like CII and FICCI.
The spurt, over 2015-16, came in the financial year during which the government demonetised high value currency. The volume of overall digital payments, Watal further said, recorded a compounded average annual growth rate of 28 per cent from 2011-12 to 2015-16.
It expects prices to remain benign in coming months. The industry also urged the government to create a conducive environment for investment, capacity utilisation and augmentation of industrial production on a priority basis.
These awards were instituted by Flo which is a ladies' wing of the Federation of Indian Chamber of Commerce and Industry (FICCI) to award great women for their even greater achievements.
"This was the long-standing demand of Indian industry and is essential to promote domestic manufacturing growth. This is a legitimate tool under our multilateral commitments and with number of major government initiatives this can be leveraged to promote value addition, create employment and give a much needed boost to the manufacturing," Ficci Secretary General A Didar Singh said.
Goyal, who is leading a high-level business delegation on a two-day visit to Vienna, was addressing India-Austria Business Forum, organised by industry body FICCI in collaboration with the Embassy of India in Vienna and Austrian Economic Chambers.
Speaking at a FICCI conference, Petroleum Secretary K D Tripathi justified the government, and not PNGRB, issuing an authorisation to state-owned GAIL for laying a natural gas pipeline from Jagdishpur in Uttar Pradesh to Haldia in West Bengal to take the environment friendly fuel to cities like Varanasi - the constituency of Prime Minister Narendra Modi.
A joint working group comprising top functionaries of Niti Aayog and Uttar Pradesh government was formed yesterday to prepare a road-map in next 15 days for the state's overall development.
The Reserve Bank of India (RBI) has proposed private capital raising, non-core asset sales, mergers, tough prompt corrective action and government stake sale to deal with weak public sector banks.
The declaration was signed between the Department of Science and Technology and Ministry of Economic Development of the Russian Federation on the sidelines of the Global R&D Summit 2017.
New entrant Jio has initiated a price war leading to prices for data plans – including for 4G -- falling in a big way. This has led to a shift in the way people consume data.
The institute, a body representing interests of legal cigarette makers such as ITC, Godfrey Philips and VST, also said the government must also consider the plight of distressed tobacco farmers.
Turning single-screen cinemas into digital multiplexes and curbing online piracy will rid the Indian film industry of its low-revenue bane, a government official said.
The industry is still sensing a hint of uncertainty on the economic growth front even though the industrial output rose 2.7 per cent in January and urged the government to pursue reforms to stimulate investments.
India's skilled manpower and Finland's high-end tech prowess should be leveraged under the 'Make in India' initiative for an efficient and cost-effective business framework, Power Minister Piyush Goyal said today.
Insurance regulator Irdai today said an increase in the third-party motor premium is inevitable next financial year to take care of the health of the service providers.
SMB Heroes, launched in partnership with FICCI, will comprise three categories - business innovation, impacting change and woman business leader. Businesses can submit their nominations on the SMB Heroes website until April 24.
A nation-wide programme 'SMB Heroes' will comprise three categories -- Business Innovation through Digital, Impacting Change through Digital and Woman Business Leader, Kevin O'Kane, Managing Director, Google Marketing Solutions- Asia Pacific, told reporters here.
Only highly skilled jobs requiring significant creativity and analytical thinking such as in data science and analytics, architecture, and media and entertainment will reportedly remain for humans by 2030, said a FICCI-EY report.