Business

FDI is important as the country requires major investments to overhaul its infrastructure sector to boost growth.

This was the first meeting of the FSDC, which comprises RBI Governor and other financial sector regulators, since the coronavirus outbreak.

Expressing concern, he also said that India is still import dependent on several routine items like furniture, toys, and sports shoes despite the fact that the country has technical prowess as well as skilled manpower.

The country had exported fish valued Rs 46,589 crore during the 2018-19 fiscal. The US, Middle East, UK and China are main export destinations for fish.

The company on May 23 entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Sunrise Foods Private Limited.

Niti Aayog member Ramesh Chand said the fall in rates is due to an increase in arrival due to better crop production, besides mandi disruption in the wake of COVID-19 pandemic.

'On one front migrant labour is not available. In some zones, like green and amber zones labour is not an issue. The issue there is the government diktat of not using more than 50 per cent workforce,' Mayank Shah told PTI.

The charge sheet, filed earlier this month, named as accused Rana kapoor, his wife, daughters and three firms associated with them among others.

The prices had ruled at Rs 14.30 per kg on May 22 last year at the Azadpur wholesale mandi in the national capital, while above Rs 30 per kg in Hyderabad and Bengaluru.

The decision will be applicable to all regional, rural banks, co-operative banks, NBFCs including Housing Finance Companies.

India is seeing collapse of demand, dip in petroleum product consumption and fall in private consumption, the RBI Governor said

Indicating some return to normalcy, epicentres of the pandemic, including New York, Italy and Spain, are gradually lifting restrictions that have kept millions inside.

Industrial production grew a more-than-expected 3.9 percent year-on-year last month in a sign that China -- where the pathogen first emerged -- is recovering from tough lockdown measures now seen in other parts of the world.

In a conference call with FICCI, Sebi Chairman Ajay Tyagi apprised the industry leaders of various steps already taken by the market regulator and promised to look into the issues raised by them.

The due date of all income tax returns for assessment year 2020-21 will be extended to November 30, 2020. Similarly, tax audit due date will be extended to October 30, 2020.

Labour specialists warn, however, that the decision of states to suspend federal and state labour laws enshrining workers' rights would push even more people into the informal sector, drive down wages and erode working conditions.