"For example, the Bureau of Indian Standards is working on regulatory guidelines to make hallmarking mandatory," the report said.
The IMF has welcomed the fiscal deficit target set by India in its annual budget and noted that the country is returning to the path of gradual fiscal consolidation.
The Government has set a target of Dec 2018 to develop 10 iconic sites in the country and 100 monuments to international standards, Culture Minister Mahesh Sharma said.
Chidambaram said that the chorus of dissent against the 2018-19 budget has grown and even economists of the govt and the RBI Governor have spoken against its provisions.
The mutual funds industry does not see any reduction in the inflows of funds after the proposal of LTCG and dividend distribution tax (DDT), an official said.
Piyush Goyal said providing Rs 5 lakh cover for 10 crore people under the govt's 'Ayushman Bharat' insurance scheme is an "ambitious" project but not an "impossible" one.
The EAC-PM discussed possible modalities for implementing the world's largest health protection scheme announced in the Union Budget, said a release.
S&P Global Ratings said the healthcare scheme will be a "game changer" for India's health industry and generate substantial growth in insurers' premiums.
The scheme was announced in 2018-19 Budget for providing medical cover of up to Rs 5 lakh to over 10 crore poor families.
BSE and NSE markets slumped further for the 2nd consecutive week following a massive sell-off in overseas stock markets triggered by spike in global bond yields.
US dollar ends higher against rupee
Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.
Following are the Interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.21/22 US Dollar Rs 63.9097 Pound Sterling 90.34/36 Euro Rs 80.1683 Euro 80.18/20 Japanese Yen (100) 60.50/52
Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors
Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share
MAHINDRA & MAHINDRA
To invest in Zoomcar India, Zoomcar Inc, U.S.
To invest Rs 176 cr in Zoomcar India
Initial investment in Zoomcar India likely to be completed by Feb 20
Additional investment in Zoomcar India expected to be completed by Aug 31
Co’s stake to increase to 16%
RBI inspection had found diversion of funds within group firms
Funds to the tune of Rs 525 cr given to intermediary borrowing cos
Religare Finvest increased corporate loan book against RBI’s directions
RBI has asked for clarity on rollover of fixed deposits with a bank
Findings suggested continued weakness of internal controls
Economic Times Reports
SC Allows Sale Of Fortis Health Shares Pledged With Lenders
SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis
Earlier, SC had restrained financial institutions from selling pledged shares
Business Standard Reports
Granted European GMP certification from Hungarian regulators for Mfg plant at Goa