If PM Modi's surprise decision shook India's financial and economic health, another global development on the same day meant there were more prominent changes up ahead.
Staring at a record USD 145 billion in stressed loans in FY18, the Indian banking sector is facing a crisis of confidence in capital forcing the government and the regulator to go back to the drawing board to find a solution.
Keeping in mind the Centres push for electric vehicles, CNBC-TV18's Shereen Bhan caught up with experts to understand the challenges and opportunities a policy move like this bring and also analyse the preparedness of automakers and India's race to become the world's third largest car market by 2030.
Watch the interview of Abizer Diwanji Partner & National Leader Financial & Restructuring Services, EY India and Sumant Batra Insolvency Lawyer with CNBC-TV18's Manisha Natarajan where they spoke about the Insolvency code.
In an interview to CNBC-TV18's Shereen Bhan, Mahender Singh, Member-GST, CBEC, Navin Kumar, Chairman of GSTN and Harishanker Subramaniam, Partner & National Leader - Indirect Tax at EY India spoke about the August 5 meeting of the GST and what it will mean going ahead.