Commerce minister Piyush Goyal has called for restoration of benefits under the US’ Generalized System of Preferences. The Trump administration removed India from GSP list in June 2019.
Sitharaman said Rs 37,134 crore and Rs 14,664 crore worth GST compensation is yet to be released to states for 2020-21 and 2021-22 fiscal years.
Snapdeal would become the largest tech company to test investors’ appetite for IPOs after the disastrous debut of Paytm’s parent, One 97 Communications Ltd.
Goldman expects the RBI to continue with the ongoing liquidity tightening, then hike reverse repo by 40 basis points.
Reliance Capital joins a long list of Indian shadow banks that have keeled over since the sudden collapse of infrastructure financier IL&FS Group in September 2018.
India remains on track to post the fastest growth among major economies as most sectors, including services and exports, show momentum.
The central bank also appointed Bank of Maharashtra's former executive director Nageswar Rao Y as the administrator of the NBFC.
The worst case scenario would be a return to growth-crippling lockdowns, which would threaten already strained supply chains and damage recovering demand.
The sector-wide tariff hike underscores that the bruising price war since Jio’s entry in 2016 is phasing out and will reduce financial stress for Airtel and Vodafone Idea Ltd.
Sitharaman said the Modi govt doesn't collect data on Bitcoin transactions. Centre plans to introduce cryptocurrency bill that seeks to ban all but a few private cryptocurrencies.