While the licence can be granted to the company by the DoT anytime, the allocation of spectrum is likely to be done only once Trai and the government decide whether the airwaves need to be auctioned or allocated administratively.
It’s critical the services sector — a big employer — revives soon else consumption demand could continue to stay weak. The job market is showing some signs of improvement but with thousands of small businesses ravaged, millions have lost their livelihoods.
However, the commerce department wanted all the 11,310 tariff lines covered, arguing that the new scheme would otherwise seem like a replica of the MEIS that has been deemed by a WTO panel as being “inconsistent” with global trade rules.
Most departments' spending is learnt to have remained within 20% of BE in Q1 against available limit of 25%.
Goldman Sachs expects grocery to be the biggest driver of incremental gowth, with a 44% contribution to incremental e-commerce gross merchandise value (GMV) between FY20 and FY25.
With 95% of work complete on the 341-km project, India's longest expressway, connecting Lucknow to Ghazipur, is expected to be flagged off in August
More affordable projects and low leverage are positives; TP up to Rs 360; ‘Buy’ retained