Maduro was expected to visit India last year; however, back then the visit had not been confirmed. Both New Delhi and Caracas have been working on continuing their joint investments in the energy sector.
In Dubai, Modi will deliver the keynote address at the Sixth World Government Summit. He will also meet vice-president and prime minister of the UAE and the ruler of Dubai Sheikh Mohammed Bin Rashid Al Maktoum and some select CEOs of companies from the Gulf countries.
In contrast to rising nervousness in domestic rates market, the RBI maintained status quo in February2018 monetary policy review and buttressed it further by accentuating its erstwhile neutral stance.
“The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved to enhance the target of Pradhan Mantri Ujjwala Yojana (PMUY) from five crore to eight crore with an additional allocation of Rs 4,800 crore,” said an official statement.
Whether you are a ballet lover or a fan of amusement parks — from water parks to merry-go-round — it has just cheaper for you as the GST Council has reduced the tax rate on admission to these from the higher slab of 28% to 18%.
The Reserve Bank of India on Wednesday on concerns of higher inflation, firm crude oil prices, house rent allowance impact and fiscal slippage kept the repo rate unchanged with a neutral stance for the third time in its sixth bi-monthly monetary policy meet. Here are highlights.
One of China’s biggest solar panel makers, LONGi Solar will invest nearly $309 million in India in the wake the US protectionism and India’s anti-dumping measures threat.
As many as 302 infrastructure projects worth Rs 150 crore and above are delayed with a total cost over-run of Rs 1.45 lakh crore as on November 1, 2017, Parliament was informed today.
The Reserve Bank today flagged risks from the government decision to delay fiscal consolidation plan, warning that “significant deviations” and slippages will make meeting inflation targets “challenging”.
The CBDT has directed the taxman not to undertake “coercive” steps in recovering pending taxes from startups under a specific provision of the Income Tax Act, a move aimed to help budding entrepreneurs in the country.
The government is planning to hold the largest ever spectrum auction of 3,000 Mhz of radiowaves in the upcoming sale, Parliament was informed today.
Tickets to amusement parks, including theme parks, water parks and merry-go-rounds, attract 18 per cent GST with effect from January 25, lower than 28 per cent earlier, the Finance Ministry said today.
India’s crude steel production crossed the 100 million tonnes(mt) with a growth of 6.18 percent during last year. The government has taken various remedial measures to promote domestic steel sector which amongst others include trade measures such as anti dumping duties, safeguard duties and temporary introduction of Minimum Import Price.
The Reserve Bank today lowered the economic growth projection for 2017-18 to 6.6 per cent, but said that it will accelerate to 7.2 per cent in the next financial year as the roll-out of GST stabilises and credit offtake improves.
RBI Monetary Policy: The Reserve Bank of India governors on Wednesday flagged concerns over fiscal slippage and stress on MSMEs post the implementation of the Goods and Services Tax (GST).
RBI Monetary Policy: The Reserve Bank of India, in the sixth and last bi-monthly monetary policy meeting, kept the repo rate unchanged with the neutral stance, however, raised the inflation forecast on rising crude oil prices and house rent allowance impact.
RBI monetary policy February 2018: The Reserve Bank of India on Wednesday kept the repo rate “unchanged” at 6% for the third time in a row in its latest credit and monetary policy review, as was widely expected given the concerns on the rising headline inflation, surging global crude oil prices and fiscal slippage.
India’s tea exports have touched a record high in 36 years at 240.7 million kilograms during calendar 2017, Tea Board data said.
RBI Monetary Policy Highlights February 2018: The RBI in its sixth bi-monthly policy kept the repo rate unchanged under the liquidity adjustment facility (LAF) at 6%. Consequently, the reverse repo rate under the LAF remains at 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25%.
The government expects to finalise a road map for resolving the bad loans issue in the MSME sector by March, Union Minister Giriraj Singh said.
In wake of minimum support price (MSP) getting hiked by 1.5 times of production costs for rabi crops this season, in the latest budget by the Finance Minister, the fear may all the more aggravate for the central bank. However, a study by the Economic Research Department of State Bank of India (SBI) discounts the fears.
The Monetary Policy Committee (MPC) headed by RBI Governor Urjit Patel is scheduled to announce its 6th bi-monthly monetary policy decision at 2:30pm on Wednesday. The outcome of the 6-member MPC meeting is being keenly awaited by stakeholders amidst a huge sell-off in the stock markets globally.
Although imports from Pakistan haven’t really taken place so far, the government wants to raise the duty to a prohibitive level for fears that cheaper dumping will only dampen the margins of mills at a time when local prices are, in any case, ruling below costs, and add to cane arrears.
The government raised customs duty on 45 items, which included smartphones, LED TVs, among others. It’s expected to collect about Rs 6,000-7,000 crore from the increase in import duty along with the new health and education cess.
The industry representatives pointed out that financially distressed power plants would find it difficult to incur the expenditure to install environment compliance equipment.
The decision to hike customs duty on nearly 45 items including mobile phones in the Budget 2018 by Finance Minister Arun Jaitley should not be seen with the perspective of protectionist tendencies, CBEC Chairperson Vanaja N Sarna on Tuesday said.
About 6,500 flats allotted last year under the Delhi Development Authority (DDA) housing scheme have been surrendered by the allottees, the Lok Sabha was informed today.