This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.
Sinha made these remarks at the launch of a book, Demonetization and the Black Economy, by economist Arun Kumar, who has been critical of the exercise. Suspended BJD MP Baijayant 'Jay' Panda and Congress leader Prithiviraj Chavan were also participating in the panel discussion.
Debroy further highlighted that India is facing a dilemma from the point of view of pushing exports, as exporters would like exchange rate to depreciate, however exchange rate might not depreciate as much as exporters want because of capital inflows.
Inaugurating the first India-Japan workshop on disaster risk reduction here, Kumar underlining the impact of disaster on development and said climate change has further aggravated the risk.
"The NHAI, has issued LOA for development of NH-8 Haryana on Hybrid Annuity Mode. Development of this section of Dwarka Expressway will ensure seamless and safe movement of traffic between Delhi-Gurgaon and help in decongestion of existing Delhi-Gurgaon Expressway," Ministry of Road Transport and Highways said in a statement.
The vision of a newer and better India calls for meeting certain developmental milestones, some of these as early as 2022, the year the country commemorates 75th anniversary of Independence, he said at the inauguration of the Festival of Innovation and Entrepreneurship (FINE) 2018.
In a special show, The Future of Taxation, a panel of experts decode India’s approach to taxing digital companies.
The RBI data released today said the information technology (IT) sector recorded a modest improvement in sales growth, although lower than a year ago.
The draft policy has also pitched for greater involvement of states, improvement in infrastructure and logistics and promotion of R&D activities for new product development for the upcoming markets.
"The energy charges have been reduced by 20-30 paise per unit. The Commission has marginally increased the fixed/demand charges for most categories. This has resulted in an overall decrease of 2 per cent (14 paise/unit) as compared to the existing tariff," Assam Electricity Regulatory Commission (AERC) said in a statement.
A chargesheet has also been filed against two directors of the Occasional Silver Company Ltd, Kapil Gupta and Raj Kumar Gupta.
Till now, claims arising from genetic disorders in health insurance were rejected.
GAIL is currently laying a 2,655-km pipeline from Jagdishpur in Uttar Pradesh to Haldia in West Bengal and Bokaro in Jharkhand and Dhamra in Odisha at a cost of Rs 12,940 crore.
To improve liquidity of millers, the government should remove export duty of 20 per cent and allow shipment of 2 million tonnes immediately, it said in a statement.
Minister of State for Commerce and Industry C R Chaudhary, however, said that the country has expanded the scope of India-Asean trade in goods agreement in November 2014.
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The other three sectors, which were not able to attract foreign inflows are - photographic raw film & paper, dye-stuffs and coir, according to the data shared by Minister of State for Commerce and Industry C R Chaudhary in a written reply to the Lok Sabha.
"At present, there is no proposal to review the gold import policy," Minister of State for Commerce and Industry C R Chaudhary said in a written reply to the Lok Sabha.
The agreement between India and the Hong Kong Special Administrative Region (HKSAR) of the People's Republic of China was signed by Indian Ambassador to China Gautam Bambawale and Hong Kong Finance Secretary Paul Chan Mo-po in Hong Kong, a press release from the Indian consulate in Hong Kong said.
NBFC and housing finance companies are expected to expand at about 20-21 per cent compounded annual growth rate (CAGR) in this space during the period, while bank credit to this segment, which accounted for about 84 per cent of total MSME credit, is estimated to grow at a lower CAGR of 9-11 per cent, according to a report by Icra.
The chief of the government think-tank was in Ahmedabad yesterday where he spoke of Gujarat allocating more budgetary resources to different sectors including health and education.
This verification is to be completed by June and a status report has to be given to the Central Board of Excise and Customs (CBEC) by July 10. One-third of the remaining claims of 50,000 taxpayers will be verified in three phases -- July-September, October-December and January-March (2019).
Post announcement of the higher tariffs by the US government, aluminium premiums have risen sharply by 21 per cent in the US and by 10 per cent in Asia, reflecting the expectation of the commodity market that the above move is unlikely to have any significantly adverse impact on the global aluminium industry, the report said.
As against exports, the imports were lower at 6.45 MT during the said period, Minister of State for Steel Vishnu Deo Sai said in a reply to the Lok Sabha.
With the December quarter current account deficit worsening to 2 per cent of GDP, Bank of America Merrill Lynch (BofAML) raised its current account deficit (CAD) forecast for this financial year and for the next fiscal.