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The rupee on Tuesday had strengthened by 37 paise to close at 69.30 against the US dollar.

New Delhi: The International Monetary Fund (IMF) on Tuesday cut India’s GDP growth forecast for 2019-20, following similar action by the Asian Development Bank (ADB) and the Reserve Bank of India (RBI).

Innovative technologies can be the answer to a greener footprint within the hydrocarbon dependent textile industry, concluded industry experts at a panel discussion titled ‘How Sustainable is Sustainability?’ held at a hotel in Dubai on Tuesday.

The government is planning a major overhaul of the definition of state-run companies where an entity will continue to qualify as public sector enterprise (PSE) even if the government holding falls below 51 per cent.

A government source said the Centre has met the fiscal deficit target of 3.4 per cent of the gross domestic product (GDP) in FY19.

NEW DELHI: The government is estimated to have witnessed a shortfall of Rs 50,000 crore in direct tax collection target of Rs 12 lakh crore for 2018-19, a senior financeNSE -0.87 % ministry official said Tuesday.

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