Diesel prices were hiked by 40 paise a liter in just three days, Petrol prices, however, remained unchanged.
Malappuram, Kozhikode and Kollam were the only three cities to make it to the top 10 of the world's fastest-growing cities.
Ajay Sahai, President Federation of Indian Exports (FIEO) said, "we need to bring 'Double Tax Deduction Scheme for Internationalization of MSMEs' to allow MSMEs to deduct against their taxable income, twice the qualifying expenses incurred for approved overseas activities including market preparation, market exploration, market promotion, and market presence.
Several economists have expressed concerns after the official data on Thursday showed that retail inflation soared to 5.54 percent in November, a steep rise of 92 basis points from the inflation number of the previous month.
The Nifty was down by 17.90 points to 12,203.75.
Economists have said that India is facing Stagflation -- an economic trend marked by rising inflation and falling GDP growth.
Finance Ministry said Sitharaman will meet the stakeholder groups of 'New Economy: Start-ups, Fintech and Digital Sector' and financial sector and capital market representatives. The capital market players may seek replacement of Dividend Distribution Tax (DDT) with the classical system of dividend taxation.
While the specific assets to be monetized during the current fiscal year have yet not been identified, the target for asset monetization during the current fiscal year for BSNL and MTNL is Rs 200 crore and Rs 300 crore respectively, telecom minister Ravi Shankar Prasad.
According to the ministry, the stimulus measures have led to a record inflow of foreign capital into the country.
He noted that although the global financial crisis in 2008-09 had a severe impact on the country, economic activity was going on and India's financial system was largely sound. Currently, none of the fundamentals are positive, he observed.
WTI crude was also trading down on Monday, at $49.99 per barrel, below the $50 threshold after falling 3.04 percent on the day at New York Mercantile Exchange.
At 10.14 a.m. the Sensex was up 63.12 points at 41,415.29. It opened at 41,442.75 from its previous close of 41,352.17.
Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.The Sensex of the BSE opened...
Mumbai: The Indian equity markets traded in the red during the early trade on Tuesday as banks and financial services saw mild selling pressure.The Sensex...
The sharp jump followed the attack over fears of conflict between two of the world's largest oil-producing nations.