While releasing the study on ‘Impact of GST on Business, Industry and Exporters', PHD Chamber President Anil Khaitan said that various structural and domestic factors such as after-effects of demonetisation and teething problems of GST have significantly impacted the potential of exports growth.
As of March 31, there were 587 individual products and 189 group products available in the Indian market.
Growth prospects look pretty strong, which is why the Fed is raising short-term interest rates, the two sanguine policymakers explained
Cold weather in the first quarter is among temporary factors blamed for a spell of poor economic readings from Europe and the United States, with some analysts already betting on a rebound in the summer
A number of elections are scheduled to be held in India within the next one year with assembly polls in Karnataka, Mizoram, Chattisgarh, Madhya Pradesh and Rajasthan as well as the 2019 Lok Sabha election.
He said without going into the definition of the priority sector lending, we need to understand that credit flow to exporters is the "most priority sector".
Earlier, the target under the Centre's flagship scheme was to give 5 crore LPG connections across the country which was raised to 8 crore with additional allocation of fund in the current fiscal 2018-19.
At the April 17 ministerial panel meeting decided to roll out a new simplified model for GST return filing system in single-page, as per which credit could be given on a provisional basis once the supplier uploads the sales invoice.
RBI Governor Urjit Patel and 4 other members of the Monetary Economic Policy (MPC) will wait for more data before making any judgement regarding the future course of interest rates.
"WorldBank Global Findex Report recognises India's Financial Inclusion efforts. Of the 51.4 crore bank accounts opened from 2014-17 globally, a whopping 55% from India" he said in a tweet.
The private sector companies beat LIC in terms of growth in new premium collection
Both the central and state governments have started making up their mind in this regard, he said. Petroleum products are out of GST ambit which was rolled out in July last year.
The state-owned lender, which has been at the receiving end of the over Rs 13,000 crore fraud involving diamond merchants Nirav Modi and Mehul Choksi, today said it is intensifying the initiative, amid rising concerns over non-performing assets in the banking system.
In separate letters to Prime Minister Narendra Modi and Union Minister for Consumer Affairs, Food and Public Distribution Ram Vilas Paswan, Singh said the cash credit limit (CCL) gap cannot be solely attributed to the state of Punjab.
The officials said that banks are keeping a close vigil on money supply to ATMs on daily basis to ensure that customers do not face any problem.
"In yet another step in reaching out to its consumers, Coal India Limited (CIL) has announced a Special Forward e-auction calendar for 2018-19 facilitating the power plants to systematically plan the lifting of the coal requirement for the fiscal 2018- 19," a CIL official said in a statement.
In the previous week, the reserves had increased by USD 503.6 million to reach USD 424.864 billion.
The closed-door meetings comprise the informal segment of CHOGM, where the leaders meet without any pre-set agenda and without the presence of their close aides.
Representing India in the meeting of the 5 nation bloc, Economic Affairs Secretary Subhash Chandra Garg sought the support of the Presidency in building consensus amongst the BRICS membership on the BRICS Rating Agency proposal.
Atul Ltd has filed an application before the commerce ministry's Directorate General of Antidumping and Allied Duties (DGAD) for imposition of anti-dumping duty on imports of certain "Epoxy Resins" exported from these five countries.
Further, in compliance with the Prevention of Money Laundering Act (PMLA) guidelines, the Pension Fund Regulatory and Development Authority (PFRDA) has also made Foreign Account Tax Compliance Act (FATCA) and Central Registry of Securitization Asset Reconstruction and Security Interest (CERSAI) mandatory for new and existing subscribers.
"Minutes (of the monetary policy committee) suggest that a back-ended rate hike in 2018 remains a possibility, if headline inflation exceeds the trajectory set out by the MPC," domestic rating agency Icra said in a note.
"Exciting trends in digitisation, including the onset of 4-IR (industrial revolution), are creating new investment opportunities. The rise of smart cities, the potential of fintech, along with the start-up culture, has generated areas where investment potential is exponential but as yet largely untapped," the report said.
The announcement to have representative offices in London and Singapore comes at a time when many state-run lenders are consolidating their foreign presence following the over Rs 13,000-crore scam at the Punjab National Bank.
Earlier, the Indian Railways had announced a list of 452 summer special trains connecting various states that will run this summer to clear the extra rush of passengers.