The country's foreign exchange reserves declined by $3.007 billion to $561.046 billion in the week ended August 26, the Reserve Bank of India (RBI) data showed. In the previous week ended August 19, the reserves had dipped by $6.687 billion to $564.053 billion.
India imported 738,024 barrels per day (bpd) of Russian crude oil in August, 18% lower than in July and 24.5% less than in June, according to Vortexa. China's imports of seaborne crude oil from Russia, however, remained largely stable during this period.
There was a renewed push for the inclusion of sovereign bonds in global indices from 2019, but concerns about offering capital gains tax exemption to investors have held back progress.
The firm's 13th global leader added that it will not only be India's decade, but India's century, with all key elements in place - a large working population, multinational companies reimagining global supply chains, and a country leapfrogging at digital scale-to achieve something special not just for the Indian economy, but potentially for the world.
Adani Group will require prior clearance from the income tax department to acquire any stake in New Delhi Television (NDTV) from its founders, the media house has said. Adani Group, however, rejected the claim, saying that it lacked merit and was misconceived.
"The concerned authority has already issued an order. IBA can take a further review and suggest course correction if required," said the official.
In a fresh set of instructions, the board said prosecution should normally be launched where amount of tax evasion, or misuse of Input tax credit is more than Rs 5 crore. However this will be not applicable for habitual offenders or serious offences.
The road transport ministry has put in place stringent testing and checking norms for cells, battery packs and the battery management system (BMS) to prevent fires in electric vehicles.
For the first time, reins of three public sector blue chip companies passed on to interim heads in a day on Thursday, underlining the lack of timely succession planning and the lengthy appointment process for state-run entities.