In December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and costs, after ruling India had breached its obligations to Cairn under the U.K.-India Bilateral Investment Treaty
Rising oil prices are posing fiscal challenges for India, where heavily-taxed retail fuel prices have touched record highs in some parts of the country.
The total FDI amount was 22 per cent higher as compared to $ 55.14 billion received in the first ninth months of 2019-20, according to data released by the Ministry of Commerce
Oil prices have recovered from last year's price crash spurred by the pandemic, helped by production cuts by the OPEC+ group.
The finished steel exports in January 2021 totaled 0.58 million tonnes, down six per cent month-on-month and 16 per cent year-on-year as producers focused more on domestic sales
Asia's third largest economy came out of a technical recession and expanded 0.4 per cent annually last quarter.
India was a net importer in February 2021 with a trade deficit of $12.88 billion, as compared to a trade deficit of $10.16 billion in the corresponding month last year, improving by 26.74 per cent
GST collections, which directly reflect the state of economic activity, had plummeted to a record low of Rs 32,172 crore in April 2020, after the government imposed a nationwide lockdown to curb the spread of coronavirus
The manufacturing sector has registered growth over the past six months and the PMI has shown activity recovery gathering steam.
State fuel retailers sold 2.22 million tonnes of gasoline and 5.81 million tonnes of diesel last month, the data provided by an industry source showed
The seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell marginally to 57.5 in February from 57.7 in January.
Chief Economic Advisor K V Subramanian, however, said the decision will have to be taken by the GST council.
Prices of petrol and diesel were increased across the four metros in the country after a pause three days on Saturday.
The agriculture and industrial sectors witnessed growth in the October-December quarter of the current fiscal, while the contact intensive services sectors registered de-growth
The economy exited recession after two consecutive quarters of contraction as the gross domestic product growth expanded by 0.4 per cent in the October-December quarter