India has increased the import tax on dozens of electronic products such as mobile phones and television sets, a government statement said, to help curb supplies from overseas and build up the domestic industry.
Rahul Gandhi, the scion of India's most famous political dynasty, has taken over as president of the main opposition Congress party while facing a stiff challenge from Prime Minister Narendra Modi's ruling Hindu nationalists.
India, the world's No. 3 crude oil consumer, received about 266,000 barrels per day (bpd) of oil from Iran in November, according to a review of tanker arrival data from trade sources and numbers available on Thomson Reuters Eikon.
An Indian political activist said the recent decision of the US President Donald Trump to transfer the American embassy from Tel Aviv to Jerusalem (Beit ul-Muqaddas) proved the double face of the US to the whole world.
Japanese carmaker Nissan is set to become the latest foreign company to pursue international arbitration against India’s government, after losing patience over an investment incentive payment from a state government.
India intends to follow the glide path as far as the fiscal deficit is concerned, the finance minister, who is scheduled to present his last full budget in February ahead of next general elections in 2019, said.