A record Rs 45,080 crore via two extant ETFs — Rs 26,350 crore from CPSE ETF and Rs 18,730 crore from Bharat-22 ETF — helped the Centre mobilise 53% of the disinvestment receipts in FY19.
Earlier, around 2,000 products including auto components and textile materials could enter the US duty free due to GSP and India was the largest beneficiary of the programme in 2017 with $5.7 billion imports given duty free status.
According to CARE, although the rating has been revised negative, the rating continues to draw strength from 100% government ownership, support in the form of grants and loans and large distribution network across the state with a favourable consumer mix.
The development comes with dismal levels of production by captive coal mines amid growing demand. These mines produced only 25.1 million tonne (MT) in FY19, much lower than the peak output of 43.2 MT in FY15 when the Supreme Court had cancelled the licences of 204 captive coal mines.
India's trade barriers remain significant, it said, adding steps to contain fiscal deficit should be accompanied with measures to enhance credit availability through faster cleanup of balance sheets of banks and corporates.
The minister informed the participants that India consumes more data than any other country in the world, and is ahead of the US and China.
Trade tension between the US and China has the potential to open a brand new window for India. Sports goods, toys, cables, stationery, and electronic goods are some of the areas, from where the American importers are reaching out to India.
The country has sought to set up the panel as India and Guatemala have failed to resolve the dispute through the consultation process, which is the first steps towards resolution of a dispute under WTO norms.
Over 10 crore Soil Health Cards have already been alloted, he said, adding work on alloting 9.82 crore cards in the second phase is underway.
The government on November 27, 2017, notified the 15th Finance Commission, headed by N K Singh, to suggest, among other things, the formula for devolution of funds to states by the Centre for five years commencing April 1, 2020.