The WEF would further give government ideas in order to get moving forward.

In June, India withdrew 10 per cent export incentives on onions after prices started to rise due to dwindling supplies.

On Friday, the Centre announced a reduction in the base corporation tax rate to 22 per cent from 30 per cent.

Government slashed the income tax rate for companies by almost 10 percentage points to 25.17 per cent.

Flipkart in a statement said it was aware of the ban order and was working with sellers to remove all such products.

Last week, the government announced a slew of measures to boost exports and the real estate sector.

The current fund allocated when fully utilised would aid in completing about 1.6 lakh units.

Government had made the provision of levying 2 per cent TDS on cash withdrawals exceeding Rs 1 crore.

The minister also said there will be a fully automated electronic refund route for input tax credits (ITC) in GST.

Ravi Shankar Prasad will now launch the web portal to report theft of phones in Maharashtra today.