Business

The panel had also sought views of the Telecom Regulatory Authority of India (TRAI) on the inter-ministerial group's proposal to relax spectrum cap as it will provide exit path to loss-making mobile service providers and ease consolidation in the sector.

The NSE Nifty too shed 39.15 points, or 0.38 per cent, at 10,079.10.

The Reserve Bank's two-day monetary policy review kicked off on Tuesday. The central bank is widely expected to keep policy rates unchanged tomorrow and will stay focused on controlling inflation, experts said.

The dollar losing sheen against some other currencies overseas also supported the local unit, traders said.

The main problems they cite are heavy bureaucracy, an inadequate legal framework, frequent changes of priority in government departments and fatigue among investors.

Ivanka Trump, daughter of and advisor to US President Donald Trump, on Tuesday pitched for access to capital and equitable laws for women entrepreneurs, saying closing the gender entrepreneurship gap could grow global GDP by up to 2 per cent.

If you are one of the many people looking to purchase a car through a loan, there might be cases wherein you asked yourself – Should I take a car loan or personal loan to buy the car?

On a weekly basis, the barometer 30-scrip Sensitive Index (Sensex) of the Bombay Stock Exchange (BSE) closed higher from its previous week's close by 336.44 points, or 1 per cent, at 33,679.24 points.

The Indian rupee ended at 64.58 to the dollar after moving in a range of 64.5675-64.8900 during the day, and compared with Wednesday's close of 64.92.

Responding to a letter written by Shahsi Tharoor in late September, Minister of State for Finance Shiv Pratap Shukla said the suggestion that pension up to Rs 5 lakh per annum should be exempted from income tax in all cases was examined.

The package for the textiles sector included relaxation in certain labour laws, income tax concession, 100 per cent employer's contribution to EPFO (Employees' Provident Fund Organisation) by government, rebate of state levies for exports, etc.

The 30-share BSE Sensex fell 54.59 points, or 0.16 per cent, to 33,288.21 in early session. The gauge had gained 582.36 points in the previous two sessions.

Netflix is planning to expand in a big way in the country and has raft of projects in the pipeline. According to a study by the company, India has the second highest number of public binge-watchers of its content after Mexico.

“The upgrade has made it clear that GST and demonetisation are not holding the economy back,” said Arun Jaitley.

If any consumer feels that the benefit of tax rate cut is not being passed on, then he can complaint to the authority, Union Minister Ravi Shankar Prasad said.

India in July opened 2.8 million sq km of sedimentary basins for oil and gas exploration under the Open Acreage Licensing (OAL) regime in a bid to raise domestic production and cut excessive dependence on imports.