To encourage small tea growers and give them better price for their products, the government has proposed to amend a 2003 order to define mini and micro factories and provide various benefits to them.
Southeast Asian nations overcame days of deadlock on Monday when the Philippines dropped a request for their joint statement to mention a landmark legal ruling on the South China Sea, officials said, after objections from Cambodia.
Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh on markets for some time to come.
The Reserve Bank is expected to cut key interest rate by 25 basis points at its policy review meet next month if prices of pulses fall and help push down agflation, a BoA-ML report said on Monday, even as it sees overall retail inflation in July to touch 6 per cent.
Central banks from Washington to Tokyo take centre stage next week, although policymakers are likely to remain cautious as they wait for the dust to settle from Britain’s shock vote to leave the EU.
Vijay Mallya has not disclosed his full assets including $45 million received by him from a British firm, attorney general Mukul Rohatgi on Monday told the Supreme Court which issued notice to the liquor baron.
GAIL India is in talks with Russia’s Gazprom to delay and renegotiate a 20-year gas purchase deal undercut by low spot prices, sources familiar with the matter say, as weak demand at home forces it to stall some contracted supply.
Prime minister Narendra Modi has tasked the finance ministry to draw up a blueprint for the second phase of economic reforms, with a bias towards the hoi polloi.
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