India's gross domestic product (GDP) growth is expected to decelerate further in the September quarter after it clocked 5 percent in the June quarter, the worst in six years.
Traders' body CAIT has welcomed the draft rules and said the proposed framework will "force" e-commerce companies to be more transparent and accountable towards customers.
During the reporting month, the RBI purchased $6.514 billion and sold $900 million in the spot market, according to a recent RBI data.
The Finance Minister also said that she had in the Budget announced formation of 10,000 Farmer Producer Organizations (FPOs) to that farmers have easy access to institutional finance
To combat the growth slowdown, Ecowrap suggested that "it is imperative that India adheres to no negative policy surprises" in sectors like telecom, power and NBFCs.
India's industrial output continues to stutter and contracted 4.3 percent month-on-month in September.
While trading firm MMTC will import onions, cooperative Nafed will supply the key kitchen item in the domestic market. The decision was taken at a meeting of committee of secretaries held on Saturday.
Group Consulting Editor of Moneycontrol Manas Chakravarty reveals why policies of central banks of developing economies are creating imbalances in the global economy and exacerbating risks.
Factory output, as measured in terms of Index of Industrial Production (IIP), had expanded 4.6 percent in September 2018.
Industrial output, or factory output, is the closest approximation for measuring economic activity in the country's business landscape.
Speaking at the inaugural session of 'Def Connect 2019' organised by the Ministry of Defence to showcase the accomplishments of the Innovations for Defence Excellence (iDEX) initiative here, Singh said he was filled with a sense of pride looking at the startups today and stressed that passionate incubation is needed for them.
With its inability to recover dues, the cash-starved telecom company has not been able to meet its own payment obligations, BSNL (Bengal Circle) CGM Ramakant Sharma said on Monday.
The on-going downturn in the automotive industry has severely impacted the profitability of automobile dealerships which is expected to be at a five year low, Icra said in a statement.
Oil Minister Dharmendra Pradhan, who is on a two-day visit to the United Arab Emirates, showcased investment opportunities, promising political and fiscal stability, predictable policies and a huge diverse market.
Two big-ticket projects have been lined up as anchors for the PCPIR in Kakinada with an aggregate investment of over USD 15.72 billion.
Srivastava's statement came a day after the Congress criticised the BJP-led central government's plan to revise the base year from the current 2011-12 to 2017-18 for calculating the GDP growth.
The country had recorded 98 deals which had seen investments of USD 3.744 billion by private equity and venture capital funds in September, and USD 3.336 billion in 64 deals in October 2018, data from EY, a transaction consultancy, said.
The chemicals and fertilisers sector, which currently contributes nearly 7.76 percent of manufacturing now, has the potential to reach 20-25 percent in the next five years and can nearly double to USD 304 billion, he said.
In terms of slow growth due to global backdrop, he said India has to turn to bold reforms.
The commerce ministry has held a series of meetings on the issue over the last several months and has asked all ministries to work on this, the official said.
The South Asian country needs electricity to fuel its expanding economy but a third decline in power consumption in as many months points to tapering industrial activity in the nation that aims to become a $5 trillion economy by 2024.
Mills were able to export about 3.8 million tonne of sugar during the 2018-19 marketing year (October-September) due to depressed market conditions, against the target of 5 million tonne under the Minimum Indicative Export Quota (MIEQ) scheme.
The government is reportedly reviewing a report submitted by a task force on direct taxes, and might implement some of the recommendations during the Budget
It was also decided to accelerate engagement, trade, cultural exchange to unlock the potential sectors between Assam and Malaysia.
Launching the book titled 'The Rise of Finance: Causes, Consequences and Cure', she said it will help "understand the current economic situation facing both the world and Indian economy"