At a time when Union Road Minister Nitin Gadkari has spelt out an ambitious plan to execute highways projects, including Bharatmala, at an estimated cost of Rs 7 lakh crore, the finance ministry is mulling over a reduction in its budgetary allocation. Read more
War with Flipkart drives up Amazon's international losses
Seattle-based online retail giant Amazon’s international losses soared to $936 million in the three months that ended September on account of its bullish investments in India to overtake rival Flipkart. Read more
Concern regarding fiscal deficit is real, says Ashok Lavasa
Outgoing Finance Secretary Ashok Lavasa would be remembered as a bureaucrat during whose tenure the Narendra Modi government implemented demonetisation and the goods and services tax (GST). Days before his retirement, Lavasa tells Business Standard there is still lack of clarity regarding GST proceeds for this year and, hence, the fiscal deficit target is being watched closely. He, however, ruled out any fiscal stimulus this year. Read more
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