At present, garments costing up to Rs 1,000 attract 5 percent GST, while 12 percent is levied on garments of higher value. Similarly, GST on footwear is priced at Rs 1,000 or less is 5 percent, while the others attract 18 percent. The 5 percent rates are expected to be revised to 12 percent.

Dan Tehan said the current volume of trade between the two countries does not reflect the true extent of the economic partnership between the two countries.

Walmart-owned Flipkart on Wednesday said it will deploy over 2,000 electric vehicles in its delivery fleet prior to the festive season and the Big Billion Days. "These 2,000 electric two-wheelers and three-wheelers have been deployed across 90 cities in India and will help deliver smiles this festive season sustainably," a statement said.

In a significant development on September 17, the bench decided to hear in an open court the GUVNL's curative petition which, as per industry estimates, has to pay nearly Rs 11,00 crore compensation to Adani Power.