The trade deficit, or the gap between imports and exports, stood at $3.98 billion in the last month.

India's rapid-fire attempts to stem the fast depreciating rupee through 5 rounds of higher import tariffs and anti-dumping restrictions since the beginning of this year don't seem to have delivered.

The rise in revenue growth will be due to low-base effect caused by the rollout of the Goods and Services Tax (GST) and higher realisation for steel makers.

In Chennai, petrol is priced Rs 85.70, up 29 paise, and diesel is priced Rs 78.31, which is 21 paise increase from Wednesday's price. Petrol has taken a 3 paise jump in Kolkata to reach Rs 84.4, while diesel is Rs 75.72.

Pompeo and Defence Secretary James Mattis held the first 2+2 Dialogue with External Affairs Minister Sushma Swaraj and Defence Minister Nirmala Sitharaman to bolster the strategic ties with India and step up defence and security collaboration.

Admitting that there was a shortage of skilled human resources in the health sector at all levels, the health minister said the Centre has planned for a rapid expansion of medical education.

India's macroeconomic parameters are sliding at a time when the world is staring at a full-blown trade and currency war.

If the venture takes off, it will help the country build a strategic reserve of key minerals.

Arun Jaitley calls for amendments in graft law, says it's anarchic and hurts decision makingUnion Minister Arun Jaitley on Tuesday called for amendments in the Prevention of Corruption Act -- a graft law that the Minister described as anarchic and one of the most badly drafted pieces of legislations. His statement came weeks after the Pune police on June 21 arrested the entire top management of the state-run Bank of Maharashtra for a loan of Rs 94.5 crore to the scam-tainted devel...

The format the 2+2 Dialogue had been agreed upon when Prime Minister Narendra Modi met US President Donald Trump for the first time in the White House last June.

While India could have imposed the retaliatory tariffs on US imports right away, but it is allowing US some time ahead of a trade package negotiation between the two nations.

SBI to auction 12 bad accounts this month to recover over Rs 1,325 croreThe country's largest lender SBI will conduct auction of 12 non-performing accounts (NPAs) later this month to recover dues of over Rs 1,325 crore. The e-auction of these accounts will take place on June 25, according to an SBI notice. State Bank of India (SBI) said interested bidders can conduct due diligence of these assets with immediate effect after submitting the expression of interest and executing a non...

As the NDA government enters its final year, there is a long unfinished agenda that it may not be able to implement by 2019.

A significant rise in private investments and constant reforms are needed to accelerate India's growth story.