Modi's'Make in India' drive launched last September included laying out a model of "port-led" development that would support industrial growth.
Economists and investors want RBI to retain independence in setting rates
India plans to phase in cash transfers of food and kerosene subsidies from September, saving 10-15 per cent of the $21 billion in annual outlays on the benefits by eliminating fraud, a senior finance ministry official said on Thursday.
Modi's government plans to support domestic demand
The government had no option but to cut spending to meet its borrowing targets.
Officials said the government had no option but to cut spending.
The RBI holds its next policy meeting in early June.
The finance ministry is seeking to speed up deals with outside investors.
Modi sees export-led growth one of the best ways to create jobs.
Exports to Europe shrank by near 2 per cent in the 11 months.
India needs to move towards full capital account convertibility to become a leading global economy.
Investors and manufacturers have long advocated the GST.
Exports in February fell to $21.55 billion compared with $25.35 billion a year ago
Government, RBI sign pact to target CPI at 4%.
India's decrepit state-run train services stand to receive at least a 25 percent boost in investment to over $9 billion.
India's decrepit state-run train services stand to receive at least a 25 per cent boost in investment to over $9 billion.
Total subsidy bill could come down to around Rs 2 trillion.
The country's statistics department has started using 2012 as the new base in place of 2010 for measuring retail prices.
A collapse in global oil prices has unleashed a wave of monetary easing.
FM is seen to step up the pace of sales of state assets and curb spending
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