A bench of Chief Justice NV Ramana and Justices JK Maheshwari and Hima Kohli set aside an order of the National Company Law Appellate Tribunal (NCLAT) by which it had allowed the appeal of the Central Board of Indirect Taxes and Customs (CBIT-C) against the verdict of NCLT directing the release of certain goods lying in the Customs Bonded Warehouses without payment of customs duty and other levies.

The government plans to integrate e-Shram portal with state portal for onboarding social security schemes run by the central government and the state governments to universalize social protection to workers and to improve employment opportunities for them.

The Road, Transport and Highways Minister said the public-private partnership model should be encouraged for the development of air cargo infrastructure in the country.

India has repeatedly waived loan repayments for many of its small and marginal farmers. But the consequence of loan waivers have not been at all positive for farmers. The waivers have encouraged farmers to take on more credit than is justified by their productivity. This cycle of forgiveness and indebtedness reduces the overall flow of agricultural credit, while privileging the minority of borrowers willing and able to game the system.

Bora while speaking on Potato Conclave and Business Launch Event stated state must be self-reliant in Agriculture and Veterinary sector and not dependent upon the other States of the country.

Countries such as Pakistan and Sri Lanka faced rating downgrades by various external credit rating agencies limiting their access to international financial markets which may prolong their economic recovery.

The downside risks that the economy currently faces are of an external nature and India's exports will have to be ready to face them, she noted. The government's will try to see how best to support the exports so that they won't have to face these headwinds all by themselves, she observed.

Another dimension of monetary policy credibility is the timing of its response, he said and added that a delay in the monetary policy response leads to a further loss of credibility, unhinging of inflation expectations and eventually, higher inflation outcomes with a higher sacrifice of growth. Patra also said there are strong accountability criteria embedded into the framework by legislation and associated regulations in the case of deviations of inflation outcomes from the target.

The Board also discussed various areas of operations of the Reserve Bank, including the functioning of the local boards and activities of select central office departments, the central bank said in a statement.