Australian farmers are set to churn out record harvests of pulses such as chickpeas and lentils after they rushed to take advantage of surging prices due to shortages in world No.1 producer and consumer India.
The job market is humming, and so are the US financial markets, with major stock indices near record highs.
Domestic rating agency Icra has estimated GDP growth to remain flat at 7.2 per cent in the first quarter under the gross value added (GVA) calculation, thanks to an uptick in the industrial sector negating the decline in the services and farm sectors.
RBI will also allow banks to issue rupee-denominated perpetual debt instruments overseas, which would qualify for inclusion as additional Tier 1 and Tier 2 capital.
Mauritius is likely to maintain its edge over Cyprus as preferred source of FDI for India as inflows from the Indian Ocean island nation will get concessional tax treatment till March 2019, say tax experts.
With Urjit Patel set to take over as next governor of the Reserve Bank of India, the central bank may continue its anti-inflationary stance and keep key policy rates on hold for the rest of the year, Goldman Sachs said on Thursday.
Indian economy is expected to clock 7.9 per cent growth in the current fiscal driven by better monsoon, government pay hike, key reforms and FDI inflows, Goldman Sachs said.
India will now have the right to tax capital gains arising in the country.
Tata group will invest in West Bengal as and when opportunities arise taking an apolitical stance in business, Chairman Cyrus Mistry said on Wednesday.
"Rainfall is likely to remain in the normal range," a senior official at India Meteorological Department (IMD) told Reuters on Wednesday.
The Cabinet chaired by Prime Minister Narendra Modi gave the green signal to create a capacity to carry 1.5 billion tonnes of goods by 2020.
The rate of GST on processed foods should be kept low or at zero as the country cannot afford to have high taxes, with food inflation already over 6 per cent, industry body CII on Wednesday said.
India's major ports and state-run shipping entities may take Rs 50,000 crore loan in US dollars at a low interest rate to augment infrastructure, Union Minister Nitin Gadkari said on Tuesday.
Finance Minister Arun Jaitley on Tuesday took stock of steps being taken for implementation of the Insolvency and Bankruptcy Code that seeks to make debt recovery process stronger and quicker.
India has figured among the top 10 wealthiest countries in the world with a total individual wealth of $5,600 billion while the United States topped the chart.
India Ratings and Research has revised upwards the country's economic growth forecast to 7.8 per cent for the ongoing fiscal year on better monsoon, but said the economy is just "chugging along" despite the euphoria emerging after the formation of the Narendra Modi government at the Centre.
Favouring the proposal to prepone the presentation of Union Budget to January, head of the apex direct tax authority CBDT Rani Singh Nair said it will bring in "more efficiency" as public expenditure will start from first day of the fiscal.
President Pranab Mukherjee on Monday said the Indian economy has revived and is poised to achieve a growth rate of 7.5 per cent in the next two years.
A meeting in this regard was chaired by Revenue Secretary Hasmukh Adhia, the Finance Ministry said in a statement.