The Planning Commission used to issue guidelines to the states, UTs, Central Ministries and Departments from time to time and monitor TSP and SCSP.
The average business income of the 200 companies featuring in ‘more than Rs 500 crore business income category’ was around Rs 2,215 crore in the assessment year 2012-13.
According to the minutes of the policy committee meeting released by the RBI on Thursday, four of the five external members recommended a reduction in the policy repo rate.
For 2014-15, EPFO had a surplus of Rs 1,604.05 crore for 2014-15 on a total principal amount of Rs 3.30 trillion rupees.
Jaitley said the UPA government had imposed taxes on jewellery in 2005 but had recalled it in 2009 in the face of stiff opposition. It again imposed it in 2012 but recalled the same again.
Naphtha consumption is projected to rise by 5.5 per cent to 13.6 million tonnes in 2016-17, an indication of greater demand from industry because of economic activity picking up.
On Monday, the rupee had lost 14 paise to close at 66.62 against the US dollar on persistent demand for the American unit from banks and importers amid lower domestic equities.
Terming the potential entry as "a win-win situation", It has stressed on stepping up the programme of exchange and understanding between the two countries.
The jewellers, central board of excise and customs said, are liable to pay excise duty with effect from March 1, 2016.
The big hope for the sector now hinges on the prediction of an above-average monsoon, the continuing low inflation trajectory, better transmission of rate cut by banks and leading to an overall pick-up in the economic activity
"For so long trailing in China's wake, India is now the great global growth story," the think tank said
Commerce Minister Nirmala Sitharaman too had not taken Raghuram Rajan's remarks lightly, saying better words should have been used
Earnest said this when asked about the reported Saudi threat that the kingdom would sell its stakes in the US if the controversial Congressional legislation is passed.
Falling commodity receipts and strengthening of real rupee value playing part.
Jaitley said protectionist tendencies in developed countries were worrisome but all countries look after their own interests in matters of trade
Jaitley emphasised that Indian industry has set up establishments in China and Chinese investments have also come into India in "a big way".
For the financial year 2015-16, the country’s trade deficit stood at $118.5 billon.
The central bank said in a notification that immediately upon a fraud being detected, capital charge for credit risk can be adjusted.
Food inflation stood at 3.73 per cent in March compared with 3.35 per cent in February.
In March, the government had announced reduction in small saving interest rates by up to 130 basis points.
Jaitley also asked the International Monetary Fund (IMF) to beef up its resources to ensure 'future-proofing' of the global economy against recurrence of financial crisis.
Rajan, known to have frank views on state of affairs in the Indian and global economy, said "a bunch of good things have happened" in India, but there were "still some things to do".
Economic stability, FDI liberalisation & improvement in consumer sentiment will help global brands witness a very conducive environment for investment
The key downside risks which could derail the fragile global recovery are - weak demand, tighter financial markets, softening trade and volatile capital flows, he noted.
India is the fastest growing emerging economy in the world, with growth rates at 7.5 per cent both in 2016-17, said Changyong Rhee, director Asia and Pacific Department, IMF.
In the past, Prasad has said that the country’s import bill on electronics was second only to that of oil, adding that the Centre would work to increase domestic manufacturing of electronic goods to reduce import dependence.
Indian economy, he said, registered 7.5 per cent growth in 2015-16 notwithstanding contraction of global exports and two consecutive years of monsoon deficit.
A prolonged fall would also hurt economic growth, given the importance of remittances to household incomes," Moody's said in a report.
It has estimated India’s FY16 GDP growth at 7.3 per cent before moving up to 7.5 per cent in the next two fiscals.
Economists expect the RBI’s policy stance to remain accommodative in June.
Factory output measured in terms of the index of industrial production (IIP) declined 3.4 per cent in November, 1.2 per cent in December and 1.5 per cent in January, data released by the Central Statistics Office (CSO) showed.
"In Modi's vision, a leading power is essentially a great power. However, India will only acquire this status when its economic foundations, its state institutions, and its military capabilities are truly robust," Subramanian said.
Jaitley said national focus is on larger expenditure on social sector, infrastructure creation and rural areas, which have conventionally been found lacking in the past.
“Our aim in the macro stabilisation is to make the exchange rate less and less an issue that investors have to worry about,” Rajan said.
On March 31, the RBI had submitted to the Supreme Court a list of defaulters owing Rs 500 crore or more to public sector banks.
Moody's said a moderate growth in India, spare capacity in industry and low global commodity prices will help maintain inflation around the current levels.