India, the world’s third-largest consumer of crude oil, depends on imports to meet over 85 per cent of its oil needs.
Besides, persistent foreign fund outflows and weakness in the rupee hit investor sentiments, traders said.
The notification by Finance Ministry has amended an earlier 2006 notification that will facilitate sharing of information between the GSTN, Enforcement Directorate and other investigative agencies.
RBI Governor Shaktikanta Das had said Wednesday that the increasing interconnectedness between banks and non-banks merits close attention.
The concerns around the Middle East conflict have also led to a spike in oil prices, a negative for net importers like India.
Among these 74 bilateral investment treaties, notice of termination has been issued to 68 countries with request to re-negotiate based on the model BIT 2015 and six BITs are still in force. A
Sitharaman said, “In 2013, Morgan Stanley had included India in the list of five fragile economies of the world. India was declared a fragile economy. Today, the same Morgan Stanley upgraded India and gave it a higher rating.”
Jio Platforms Ltd, RIL’s digital arm, made an 11.6 per cent rise in net profit at Rs 5,445 crore during the December quarter (Rs 4,881 crore last year) and a revenue of Rs 32,510 crore (Rs 29,195 crore).
NTPC, Coal India, BPCL, Tata Motors, L&T, Hero MotoCorp, Adani Ports, ONGC, Bajaj Finserv, Bharti Airtel, and Titan were the top gainers in today’s trade.
On August 10, the RBI mandated banks to maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL) between May 19, 2023 and July 28, 2023.