Sceptical about the efficacy of a bailout package to Indian industry, Chief Economic Adviser K Subramanian said any such step will be a “moral hazard” and an “anathema” to the market economy.
Rosneft is not in breach of U.S. sanctions, because it takes oil as part of debt servicing agreements after lending Caracas money in previous years.
FMCG major Britannia Industries plans to increase prices of its products marginally in the third quarter of the current fiscal to tackle the slowdown which has taken a toll on the growth of its sales...
The twin districts of Shopian and Kulgam in south Kashmir are the major apple growing centres where people are anxious and not sure as to what lies in store.
The trend, which has prompted some lenders to impose restrictions as risks and borrowing costs rise, has been accelerated by record gold prices.
Crude oil imports into the world’s third-largest consumer declined 1.2 pc from a year earlier to 19.34 million tonnes, but increased 14.6pc from the previous month.
India revised its ecommerce rules in early 2019, creating hurdles for Amazon and rival Walmart Inc’s ecommerce subsidiary, Flipkart.
At the interbank foreign exchange, the rupee opened weak at 71.65 then fell to 71.72 against the US dollar, showing a decline of 17 paise over its previous closing.
The 30-share index was trading 127.32 points, or 0.34 per cent, lower at 36,933.05.
RBI Governor Shaktikanta Das, said that the economy needs a larger push and a reduction in the policy repo rate by conventional 25 bps will be inadequate.