The Trade Infrastructure for Export Scheme (TIES) would primarily focus on projects like customs checkpoints, cold storages at ports and last mile connectivity, an official said.
Union Finance Minister Arun Jaitley today held a series of meetings with UK investors as he projected India as one of the bright spots for investments amid global economic slowdown.
The much-awaited Goods and Services Tax (GST) is all set to be implemented by the stated deadline of July 1 as all states have agreed, reports CNBC-TV18 quoting Economic Affairs Secretary Shaktikanta Das.
Following the market open ceremony, Nikhil Rathi, CEO, London Stock Exchange (LSE) plc, hosted a roundtable event with Jaitley, delegates from the Federation of Indian Chambers of Commerce & Industry (FICCI), fin-tech companies and leading investors.
OPEC has so far surprised the market by showing record compliance with oil-output curbs and could do so further in coming months as the biggest laggards - the United Arab Emirates and Iraq - pledge to catch up quickly with their targets.
Referring to a major drop in students coming to study at the UK universities over the last few years, he highlighted that there were other countries that were more welcoming.
"Certainly, when the opportunity does come, I do take that opportunity to mention it (issue of defaulters based in Britain) to my counterparts here," he told reporters here when asked if the issue of defaulters based in the UK will feature on the agenda of his discussions with British ministers.
India has potential to grow faster and plans are underway to reduce poverty and create jobs in rural areas, Finance Minister Arun Jaitley said today, even as he ruled out the country becoming totally 'cashless' immediately.
The cash outgo will go towards acquiring the government holding as well as buying an additional 26 percent stake in HPCL via an open offer.
Jaitley, in his Budget speech, had spoken of creating â€˜oil majors‘ which would be able to match the performance of international and domestic private sector oil and gas companies.
During her first official visit to the country, Georgieva will meet with senior leaders at a time when India's economic growth is "one of the bright spots" in the global economy, the World Bank said in a statement.
ONGC may buy all of the government's 51.11 percent stake in Hindustan Petroleum Corporation Ltd (HPCL) and follow it up with an open offer to acquire additional 26 percent from other shareholders of HPCL. The deal for the 77.11 percent stake would be worth Rs 44,000 crore or roughly around USD 6.6 billion at current market prices.
India plans to create a giant oil company by combining state-owned firms, finance minister Arun Jaitley said in the budget speech earlier this month as the world's third largest oil consumer looks to better compete with global majors in acquiring foreign assets.
"When Mr Jaitley was President of DUSU in 1975, was he heading an 'Alliance of Subversion'?" the former Finance and Home Minister in the UPA government twitted.
A number of Indian and Chinese companies will participate in an international summit in Nepal next week that aims to position the landlocked country as an attractive investment hub.
Overseas investors have pumped in over Rs 14,600 crore into the Indian capital markets this month so far, enthused by clarity on FPI taxation.
Finance Minister Arun Jaitley today said democracy is liberal enough in the UK to permit defaulters to stay here and that "normal" needs to be cracked, in an apparent reference to liquor baron Vijay Mallya, who is wanted in India for loan default and other cases.
Finance Minister Arun Jaitley today said the demonetisation process is almost complete, hailing it as the "smoothest possible replacement" of high denomination currency anywhere in the world.
In his Budget speech this year, Finance Minister Arun Jaitley had announced that the government is keen on listing the public sector general companies. As planned, the insurance companies have kick-started their preparations for a Dalal Street debut.
The second round of capital infusion is almost ready and in the next few days it should go to Finance Minister Arun Jaitley for approval, sources said.
Last week, Finance Minister Arun Jaitley said the remonetisation situation with regard to replenishing the scrapped currency is "almost normal" now and the Reserve Bank is monitoring the supply on a daily basis.
The government is a majority stakeholder in both, HPCL and BPCL, holding a stake of 51.1 percent in HPCL and 54.9 percent in BPCL. ONGC is unlikely to take over both entities for a mega public sector oil firm.
The government will launch within a month two schemes -- the Referral Bonus Scheme for individuals and Cash-back Scheme for merchants -- to promote the indigenous digital payments app BHIM.
Even as the government has approved State Bank of India‘s (SBI) merger with its five subsidiaries, further consolidation in the public sector banking space could be delayed.