Union Finance Minister Arun Jaitley was addressing an insolvency summit organised by industry lobby Confederation of Indian Industry (CII) in Mumbai.
Software services exports are experiencing their longest slump in seven years, which could blow the current account deficit to the widest since 2013 and pressure the rupee. Policy makers are also bracing for a hit where it hurts the most: jobs.
The case hearings are still pending against the Unitech bosses which is now scheduled for August 28. The Chandigarh Police has been directed by the commission to get the Unitech bosses on production warrant.
“There is no clarity as to how the GST will be implemented with respect to old railway contracts. Contractors have received no payments since July 1 on account of this confusion” said Kulmeet Singh Chhabra, core committee member of IRIPA.
All the senior officials of the ministry and customs authorities are attending those outreach programmes being organised by Federation of Indian Export Organisations (FIEO) and different export promotion councils, the official said.
Morgan Stanley, Citi and JPMorgan say Frankfurt will be their EU trading base after Brexit.
Fortune's 2017 '40 Under 40' list has been topped by 39-year-old French President Emmanuel Macron "France's youngest leader since Napoleon" who swept the presidential elections in May "obliterating the two-party system that had governed the country for generations."
"I believe once somebody is in a position has recognised the problem - the problem of lack of reliable jobs data, I am sure the government will be in a position to solve employment problem," he added.
The highest number of tourists arrived from Bangladesh (20.12 per cent), followed by the US (16.26 per cent), the UK (10.88 per cent) and France (3.01 per cent) in the month of July, said the statement which was released yesterday.
The Indian Express had reported on July 31 that DCGI had asked the government to consider including orthopaedic implants, alongside heart valves and intra ocular (eye) lenses, in NLEM to bring these products under the purview of price caps.
The CCEA chaired by PM Narendra Modi also approved empowering the Core Group of Secretaries to take policy decisions with regard to procedural issues and to consider deviations as necessary from time to time for effective implementation of the Cabinet decisions.
The Haldia closure decision comes just three months after fertiliser minister Ananth Kumar promised the revival of all closed fertiliser projects under a two-pronged strategy to realise Prime Minister Narendra Modi’s vision of ‘Fertilizer Security for Food Security’.
The authority said the scope, nature, security requirements, and creation of transparent networks beyond national boundaries will require considerable oversight on cloud service provisioning.
To make MNP process more subscriber-friendly, based on feedback from the stakeholders and its own analysis, the Authority has issued various directions and amendments from time to time. The current consultation on amendment of MNP regulations is also a part of the same process, it added.
Since 2014-15, Railways has been measuring its achievements on the basis of how many kilometers of lines were “commissioned”, as opposed to how many kilometers were physically constructed during a particular financial year.
In light of the fact that developers who were granted connectivity in existing sub-stations earlier did not go on to win any capacity in recent auctions, the renewable energy ministry in a missive to the CERC has made a pitch that winning players be accorded priority for getting grid connectivity.
The proposed 'Mahagun mall' will be developed on 18,694 sq meter plot, which has been allotted by the Greater Noida Industrial Development Authority to the company.
The NCLT ruling came after it heard some of the operational lenders of RCom and Aircel, who had requested the tribunal to convene a meeting of the creditors to assess the impact of the merger before it admits the merger scheme.
The company reported a net profit of Rs 3,065.26 crore during the year-ago period. Profits during the quarter under review have been much below the market expectations.
An upward revision of house rent allowance (HRA) for Central government staff and higher GST on services in the first month of its launch may have weighed on retail inflation a bit, said analysts, although the impact hasn’t been very significant yet.
"We have got 1.8 crore Aadhar cards in our system. We have verified cards of 40 lakh. That means their dates of birth, names and other details are verified from the UID (Unique Identification Authority of India) records," said Central Provident Fund Commissioner V P Joy.
The doubling in the rate of inflation in July, the first month of the Goods and Services Tax (GST) rollout, was mainly on account of turnaround in prices of food articles, especially vegetables.
"Insurance and banking industry are risk-based sectors. People working here have to tackle lots of risks to be productive. Their decision shouldn’t be misunderstood by government authorities always,’’ Kant said.
Gadkari, who is a part of the group of ministers finalising the modalities of the airline’s stake sale, was speaking at an event marking completion of maintenance of first private aircraft at AIESL’s Nagpur facility.
The CBD has shown decline in rents in recent years in Mumbai and corporates have shown consistent preference for the SBDs, especially BKC
The tribunal has appointed Savan Godiawala as the interim resolution professional (IRP) and posted the case to August 31. Lanco Infratech owes banks Rs 43,502 crore and reported a loss of Rs 890 crore on the back of Rs 1,635 crore in revenues in FY17.
The company proposed IPO is of 12.4 crore shares with a face value Rs 5 each. Of this, 1.7 crore will be fresh shares while 10.7 crore will be offered for sale by the government. In 2017, 15 companies have so far raised Rs 12,584 crore through IPOs.
“First time we have decided, and the HRD ministry is on the same page, that we are going to establish a Board for a certification of equivalence of CBSE and ICSE to all these 2.3 million students (in ITIs),” Rudy said.
In the paper, Trai has noted that while it recognises the “vast business and efficiency potential” of data analytics, it was also necessary to assess whether the data protection rights of individuals are being adequately protected.
According to the NPPA, the average margin of an importer is around 56 per cent only for a revision knee implant. Moreover, as per the NPPA, the maximum retail price (MRP) of a revision knee implant varies between Rs 4.35 lakh to Rs 9 lakh in India.
The overall macro-economic indicators like favourable GDP growth, normal monsoon are expected to boost rural income, he added.
The consolidated revenue from operations during April-June quarter was at Rs 30,973 crore, registering an increase of 19 per cent. During the quarter, the company sold its stake in Tata Motors for a gross consideration of around Rs 3,778 crore.
An increase of about 41% as compared with the previous year’s Rs 57,586 crore: Finance ministry data
As far as medical tourism is concerned, with GST rollout, cost of insurance, pharmaceuticals and international travel is expected to decrease which can result in better prospects for medical tourism in the country. The Health Ministry has also appointed a nodal officer to disseminate information on GST.
The all-powerful GST Council, headed by Finance Minister Arun Jaitley, decided to tax all job works in the textile sector, from embroidery to weaving, at 5 per cent instead of previously decided 18 per cent.
"The disadvantages of big banks are that services are less personable and local people abstain from reaching out to them. There are more fees associated with bigger banks," said the report form Resurgent India.