Modi said his government has in four years taken steps to ease the process of doing business in India while maintaining macroeconomic indicators like current account deficit (CAD) within limits.
Brussels imposed the raft of duties on US products worth 2.8 billion euros (USD 3.3 billion) in a tit-for-tat response to Trump's decision to slap stiff tariffs on European steel and aluminium exports.
Repo rate is the rate at which the Reserve Bank lends money to commercial banks when there is a shortage of funds
Trade relations between Beijing and Washington risk descending into all-out conflict, with US President Donald Trump having threatened to impose tariffs on almost all of Chinese exports to the United States.
President Donald Trump in May signed a rollback of Dodd-Frank regulations, freeing small and medium-sized banks from the law's stress-test requirements, among other changes.
This blog will keep track of breaking news and important developments through the day.
This is in accordance with its overall plans of expanding its disbursement book size by 30 percent across the country, the company said in a release here.
ONGC produced 1.84 million tonnes of crude oil in May as compared to 1.93 million tonnes in the same period last year, an official statement said here.
The OPEC holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more, possibly supported by some other producers outside OPEC, including Russia.
Report: India has a talent surplus, bucking the global trend of a talent crunch hence it will not face an upward revision of wages by 2030. Largest economies, including the US, China and Germany are likely to face the rapidly escalating employee costs.
On the contrary, traffic handled by about 200 minor ports, either on the control of the state governments or private players, has been on the decline from 2014-15.
RBI made its stand clear at a stakeholders' meeting, called by the ministry to discuss the circular, the implementation of which was stayed for the power sector by Allahabad High Court. The next hearing is on July 10.
Anjani Agarwal, EY Partner and Global Steel Leader was speaking during India Minerals and Metals Forum. He Said The Insolvency and Bankruptcy Code (IBC) will accelerate consolidation in the steel industry and help many global players who have been struggling to enter India.
Financial Services Secretary Rajiv Kumar told PTI that "180 day NPA norm for MSMEs will help reverse Rs 15,000 crore in the banking system as they have become standard asset.
In March, the commerce and industries minister had appealed to WTO members to identify common ground for strengthening the multi-lateral trade body amid challenges being faced by it following the deadlock at the Buenos Aires Ministerial.
According to a recent report by the ratings agency, considering a 6-7 per cent increase in electricity demand, coal-based power generation is likely to rise to 996 billion units from 951 billion units.
As per the timeline, banks have to implement a host of security measures by August and upgrade all ATMs with supported version of operating in a phased manner by June next year.
The board of directors of Canara Bank subsidiary Can Fin Homes will seek approval from shareholders at the company's upcoming annual general meeting on July 18 to raise Rs 7,000 crore through a mix of debt securities and equity allotment to fund its business growth.
Singh says, "Despite being the world's second-largest producer of steel, India is still dependent on imports for some products and there is a need to develop technologies to produce electrical grade and auto grade steel to become self-sufficient."
The duty hike would come into effect immediately for 28 products, while for artemia, a kind of shrimp, the rate hike would be effective from August 4, the finance ministry said in a notification.
The initiative is to help ordinary people who are being exploited by private financiers charging exorbitant interest rates for loans, state Minister for Co-Operation and Tourism.
Claiming that farmers who take up allied activities such as poultry and dairy along with traditional farming, do not commit suicide, he said cultivators must be able to export their products for better returns.
Export Promotion Council for EoUs and SEZs (EPCES) said the major sectors contributing to the growth include biotech, chemicals, pharmaceuticals, computers, electronics, non-conventional energy, plastic, rubber, trading and services.
India will also extend a Line of Credit of USD 27.5 million to support a power transmission project in Pikin Saron area and another Line of Credit of USD 3.5 million for maintenance of Chetak helicopters.
India's move came a day after the EU's decision to charge higher import duties on a range of U.S. products.