Business

Finance minister Arun Jaitley said the NDA government would now focus on large- scale investment in the infrastructure sector and rural areas.

The 10-year benchmark government bond yield rose to 7.09 percent from the previous session's close at 7.05 percent. It had risen to 7.11 percent, highest since Sept. 2, 2016, earlier in the day.

The surge in reserves was aided by an increase in foreign currency assets, a major component of the overall reserves.

According to the data furnished by IHS Markit, the manufacturing sector recorded its strongest improvement in business conditions for the last 13 months.

Jaitley said Modi government will continue to follow the glide path as far as fiscal deficit is concerned.

Air India Express is considering adding new routes from Gujarat to either Dubai or Sharjah in the United Arab Emirates, Chief Executive K. Shyamsundar told Reuters in Dubai.

The commission will review the current status of the finance, deficit, debt levels, cash balances and fiscal discipline efforts of the Union and the states. It will also recommend a fiscal consolidation road map for sound fiscal management.

According to AIBEA and AIBOA, the United Forum of Bank Unions (UFBU) has decided to extend support for the December 27 strike.

The 50-share Nifty gained 30.70 points, or 0.29 per cent, at 10,379.45.

Stock markets continued to show strength that bolstered rupee sentiment, currency traders said. However, the dollar's clout overseas weighed heavy on the domestic unit.

The Goods and Services Tax (GST) rate was reduced on 178 items, including detergents, shampoos and beauty products, from 28 per cent to 18 per cent from November 15.

Interacting with students of St Teresa's College, Ernakulam in Kochi, former Prime Minister Manmohan Singh on Saturday said the answer to black money problem was to simplify our tax, land registration and the administration systems.

Bihar Deputy Chief Minister Sushil Modi, who heads the Group of Ministers (GoM) on GST Network, said the average revenue shortfall of all states for August was 28.4 percent and it has come down to 17.6 percent in October.

The GES in Hyderabad, to be attended by 1,500 participants from 150 countries, will be co-hosted by India and the US with the theme of "Women First, Prosperity for All" and on supporting women entrepreneurs and fostering economic growth globally.

Chairman of Apparel Exports Promotion Council (AEPC) Ashok Rajani on Wednesday called on Chief Economic Advisor Arvind Subramanian to apprise him about the difficulties faced by garment exporters.

The MSCI world equity index, which tracks shares in 47 countries, fell 0.2 percent and was set for its fifth straight day of declines, its longest run in the red since March.