In fact, kiosks selling the popular snack chole bhature, fruit-sellers, mom & pop stores, and small mobile phone shops have emerged as the testing ground for the country’s digital currency, which is expected to transform the way financial transactions are done across the country.
The value erosion is surprising because lenders always make sure there is a margin or promoter's contribution before granting a loan. If a bank extends a loan for a Rs 1,000 crore investment, it ensures a promoter contribution of Rs 200 crore.
The central government has decided to set up a high-quality modern organic testing laboratory in Sikkim to promote the state's organic produce, Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal, said on Saturday.
In his address at the seventh edition of the Economic Times Global Business Summit on Saturday, Nitin Gadkari said funds are not a constraint, with the budget making a substantial allocation.
Revenue Secretary Sanjay Malhotra told reporters that there will be a principal bench with states setting up their own benches. Each of the benches in the states will have two judicial members and an equal number of technical members, of which one will be from the Centre and another from the state. While only one member will decide cases with disputes up to Rs 50 lakh, cases above the threshold will be adjudicated by one technical and one judicial member.
The twin moves will offer relief to students as they had to pay 18% GST on the fees for writing the tests conducted by NTA and state testing agencies. The levy on pencil sharpeners will be cut from 18% to 12%, finance minister Nirmala Sitharaman told reporters.
"The crushing season will be over early when compared to last year. In the last crushing season, the factories worked till the start of monsoon. Now, it will work till April end. A total of 199 factories are currently operational in the state," he added. The crushing in Satara, Sangli, Kolhapur districts will be over by March end and by April end in factories in Marathwada, Gaikwad said.
Millet is no longer promoted as mota anaj; instead, it will be called shree anna or nutri cereal, a superfood high in iron and calcium. The resilient grain also fits in well with the current global climatic concerns – it consumes little water, has low carbon footprint and grows in arid conditions.
India is targeting seven per cent growth in economy this year and we expect it to cross it in the next five years, external affairs minister S Jaishankar said on Saturday and adding that New Delhi will try to stay in the 7-9 per cent range at least for a decade and a half. "And you can today see the same reflected in the investment climate, both in the flow of FDI, FII as well as in the investments which the government itself is leading the capital outlay in this year's budget," he said.