Forex reserves decline by USD 739 mn to USD 414.14 billion

In the previous week, the reserves had increased by USD 1.105 billion to touch USD 414.886 billion.

Amazon unscathed by FDI curbs

However, the global entity has found that the disruption has not affected the quarterly growth much.

The association was also of the view that "the process of making the policy itself was less than inclusive and open,"

Per media reports, Philip Morris for years paid manufacturing costs to Godfrey Phillips to make Marlboro cigarettes.

Indian government in 2010 prohibited foreign direct investment (FDI) in cigarette manufacturing.

Foreign portfolio investors had pumped in a net amount of around Rs 19,728 crore into Indian stocks in November 2017.

Limited incentives for the expansion of SEZ units was recorded as one of the key reasons inhibiting their growth.

Singapore crossed 41 per cent during April and December 2018 to nearly USD 13 billion.

India also plans to mandate all e-commerce firms to provide access to their data stored abroad

No other large economy in the world has grown at 7 per cent year after year, says PM.