Trade-related talks are underway in New Delhi between senior officials of India and China. The Chinese side is being headed by Li Guo, Vice Minister of the General Administration of Customs of China (GACC).
Government sanction under the Pradhan Mantri Mudra Yojana (PMMY) loan scheme for micro industries are likely to cross Rs 3 lakh crore in the current fiscal, accordinga senior Finance Ministry source said on Thursday.
The rupee breached the crucial 70 level a US dollar in the opening trade on Friday amid subdued global cues and rise in crude oil prices.
Appreciating US Government action against China’s ‘unfair trade practices’, the National Council of Textile Organisations (NCTO) has urged for a quick and transparent exclusion process to its intent to raise tariffs on $200 billion worth imports from China from 10 per cent to 25 per cent and include finished apparel and textile items in the retaliatory tariff list.
A Finance Ministry note states that India's fiscal deficit at Rs 8.51 lakh crore at the end of February 2019 had touched 4.52 per cent of the GDP.
The Indian Rupee has continued its slide against the US dollar this week, as it finally touched the psychological 70-mark, yet again.