The government’s demand is expected to further fuel tensions with the RBI.
Finance ministry is said to expect non-bank financiers and mortgage lenders to default within six weeks.
IL&FS’ government-appointed board will present the draft revival plan to the NCLT tomorrow.
The plan includes seeking duty waiver on a raft of products under the Asia Pacific Trade Agreement.
PM Modi’s administration is planning to increase tariff on items including furniture, chemicals and mobile phone components.
Former chief minister of Uttar Pradesh may be a front runner for prime minister if there’s a hung parliament, says analyst Bose.
India lowered retail fuel prices, offering relief to consumers hurt by surging crude oil prices.
Cut in steel, electronics said to be in range of 1.5%-4%.
India isn’t planning to raise tax on gold imports from the current 10% as it may lead to an increase in illegal shipments.
The tariff plan has been deferred to Nov. 2, according to a notification from the finance ministry.
India to Consider Merging Three State-Run Banks to Cut Bad Loans
A panel headed by Finance Minister Jaitley recommended a merger that will result in third-largest lender in the country by loans.
The finance ministry and RBI are in touch and the central bank is intervening in the currency market when needed, sources said.
Life Insurance Corp. of India will next week decide on taking control of IDBI Bank.
India has identified over 40 items where it’s in a position of advantage to replace or capture U.S. trade market share with China.
Company says it hasn’t received any missive from ministry.
A panel of Indian ministers will meet to consider objections by several departments against an Asian trade pact.
India’s GST is just over one-year-old and the panel has already revised rates several times.
A tax panel will decide July 21 whether to approve the proposal to levy a 28 percent tax on aviation fuel.
Indians’ love affair with gold is cooling.
India Joins China, Europe in Hitting Back at Trump on Trade