According to the Japanese financial services major, despite the moderation in March, industrial production growth averaged 6.2 percent in the January-March period, up from 5.9 percent in Q4 (October-December).
BSE will apply to IRDAI to become a distributor of health and general insurance products and looks to begin operations by end of December 2018
WPI witnessed a growth of 2.47 percent in March and 3.85 percent April 2017
The Kalinga Nagar-based integrated steel plant, with production of 2,965 ton of hot metal on the same day, also recorded its highest ever single-day hot metal production since its inception in 2002, a company release said.
Petrol price in Delhi was hiked to Rs 74.80 per litre from Rs 74.63 while diesel rates were increased to Rs 66.14 a litre from Rs 65.93, according to a price notification issued by state-owned oil marketing companies.
On Budget day, India sought to expand its bond market beyond the traditional ambit of sovereign debt.
The Punjab minister said in an official release that 216.35 km long Zirakpur-Patiala-Sangrur-Barnala-Bathinda section includes two railway over bridges and 16 flyovers. Similarly, the project has one major bridge, 40 small bridges and 7 foot over bridges constructed in its way. The road also has 32 major junctions and 212 smaller junctions for tariff decongestion.
Official said 11 private firms would be involved in the ambitious project, the implementation of which is being monitored by the top brass of the Army and the Defence Ministry.
With an aim to promote eco-friendly vehicles, the government had launched the FAME scheme in 2015.
A total of 36 mineral blocks are at various stages of auction process.
Rakesh Jhunjhunwala pulled up Federal Bank CEO and MD for the bank’s performance and business growth while comparing it to peers doing well in retail fee growth.
Even as the government is planning to increase the coverage to 50 percent of crop area in FY19, reinsurance support could see a dip
Modi, on November 8, 2016, had announced demonetisation of high value currency notes. Indian currency is widely used in Nepal for day-to-day transactions, especially in the border areas.
The insurance company will increase premiums in segments where claim losses are high.
In a recent directive, the Environment Ministry said the exemption has also been given to those projects that have obtained Terms of references (ToRs) prior to environment clearances to such industrial estates/park.
Fadnavis, who chaired a meeting here to review the progress of various schemes for affordable housing, also directed that the Slum Rehabilitation Authority be given a dedicated police team.
The department is of the opinion that services such as issuance of cheque books, account statements and ATM withdrawals are free up to a certain limit and not commercial activities which can be brought under the ambit of GST, Financial Services Secretary Rajiv Kumar said here.
The proposals included that of Hindustan Infralog Pvt Ltd which sought approval for foreign investment from DP World Global Investment BV, Netherlands amounting to 65 per cent of paid-up share capital.
In the previous week, the reserves had fallen by USD 3.216 billion to USD 420.366 billion.
The gems and jewellery sector is facing funding issues after the Reserve Bank of India in March banned the issuance of letters of undertaking (LoUs) and letters of comfort (LoCs), used extensively for trade finance, following the Rs 13,000-crore PNB scam involving diamantaire Nirav Modi.
Fitch, which last month kept India's sovereign rating unchanged for the 12th year in a row, said the country's ratings "balance a strong medium-term growth outlook and favourable external balances against a weak fiscal position and difficult business environment".
February's output index has also been revised lower to 7 percent growth from 7.1 percent earlier.
"Therefore, abolishing it means, the rate of savings should go up. The rate of savings goes up, investment goes up and therefore growth goes up. Therefore, indirect taxes will give you more than you lose by abolishing it," Swamy told reporters.
In a letter to Oil Minister Dharmendra Pradhan, Naidu said the Centre had between November 2014 and January 2016 hiked excise duty on petrol and diesel nine times to take away gains arising from a slump in global oil prices. But when rates started moving up, it reduced tax by just Rs 2 a litre in October last.
Speaking at the convocation of the International Management Institute (IMI) here, Debroy said that prime minister's initiatives of 'Startup India' and 'Stand-Up India' were not meant for the corporates, but for every Indians to flower, blossom and flourish.