The government has announced reforms in foreign direct investment in India, including 100% FDI under automatic route in coal mining and contract manufacturing. The centre has also approved 26% overseas investment in digital media and relaxed FDI norms for single brand retailers.
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Petrol and diesel prices have gone up by ₹2 per litre all over India after announcement by the finance minister, Nirmala Sitharaman, about imposition of excise duty of ₹1 and road and infrastructure cess of ₹1 per litre on both petrol and diesel in the Union Budget 2019.
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With rising unemployment and haunting economic growth, Prime Minister Narendra Modi, on Wednesday, constituted two new Cabinet committees under his chairmanship to spur the country’s economic growth and investment and employment.
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