In November last year, the government had approved sale of CEL -- a public sector enterprise under the Department of Scientific and Industrial Research (DSIR) -- to Delhi-based Nandal Finance & Leasing for Rs 210 crore. However, in January this year, the government put the sale process on hold pending examination of specific allegations regarding the bidder.

"We are doing Free Trade Agreements (FTAs) where we are looking at duty-free access for all these products internationally so we can create international acceptance of these products," Goyal said at the launch of One District One Product gift catalogue and storefront on public procurement portal Government eMarketplace.

The government is discussing curbs on broken rice exports, which account for a little under 20% of the country’s shipments abroad. While such a move has the potential to further disrupt global crop markets and worsen a hunger crisis, the impact is less severe than if it were to restrict all rice exports.

Asia's third-largest economy is grappling with persistently high unemployment and inflation, which has been running above the top of the Reserve Bank of India's tolerance band all year and is set to do so for the rest of 2022.

Nudged by infrastructure companies and developers, the lobby of lenders recently approached the central bank to let banks assess the risk of an infrastructure company based on its cash flow and nature of counterparties.

The government has in the last two budgets cleared large off-budget borrowings, including those of the Food Corporation of India (FCI), and now is keen to disclose, or even pay up, some of these liabilities, subject to availability of fiscal space. Borrowings of government institutions HUDCO and NABARD are being looked into, officials told ET.

India's wheat production is projected to have declined nearly three per cent to 106.84 million tonnes in the 2021-22 crop year. The decline is likely to have been caused by a heatwave that resulted in shrivelled grains in the northern states of Punjab and Haryana.

Discussions in the meeting are expected to focus on the new Foreign Trade Policy (FTP 2022-27), ways to take forward domestic manufacturing and exports.

The success of the Pradhan Mantri Jan Dhan Yojana (PMJDY) since August 28, 2014 is reflected in terms of opening of over 46 crore bank accounts with deposit balance of Rs 1.74 lakh crore with its expanded coverage to 67 per cent rural or semi-urban areas.