Govt offers 100% stake for Air India
The government has set off the process to sell off stake in Air India for the second time, offering 100% stake and a reduced debt burden to the new owner.
The government has set off the process to sell off stake in Air India for the second time, offering 100% stake and a reduced debt burden to the new owner.
Britain's Brexit bill officially became law on Thursday, thereby removing the last obstacle to UK's exit from the European Union in just over a week.
IMF chief Kristalina Georgieva has asserted that the growth slowdown in India appears to be temporary and the momentum should improve going forward.
India's refined fuel exports increased by 24.2% YoY in December to reach 6.46 million tonnes, exhibiting the fastest growth since October 2016.
Brazil has asked India to cut import taxes on chicken and chicken products so that it can capitalise on the rising demand for poultry and poultry products.
India has been ranked number 1 in clean energy investment rankings among 104 emerging markets worldwide according to a BloombergNEF survey.
India views the Trump administration’s reassessment of America’s traditional alliances as a strategic opportunity to deepen ties with Washington.
PM Shri Narendra Modi has proposed a three-point strategy to boost country's economic diplomacy that emphasises on 3 'T's - trade, tourist and technology.
In a move initiated to boost growth, Mumbai will provide residents the facility of shopping & dining out until dawn from late January.
India has expressed interest in increasing imports of crude oil from Brazil, in order to diversify its import basket beyond the volatile Middle East region.
The Department of Promotion of Industry and Internal Trade has introduced quality control orders to curb imports of some substandard steel items and cables.
Incorporating best practices and policies from countries like Israel will be crucial for India to accelerate innovation, according to NASSCOM.
A number of angel investors from India are looking to invest in the US startup market, as a number of high technology ventures offer promise.
Hon'ble CIM Shri Piyush Goyal spoke for greater cooperation among nations to realise the huge growth prospects in the Indian Ocean region.
Khadi Village Industries Corporation is seeking a global trademark for ‘khadi’ to prevent any product from masquerading as ‘khadi’ nationally or globally.
According to research by Nielsen, India’s fast-moving consumer goods (FMCG) market is set for an expected growth rate of 9-10% in calendar year 2020.
Due to India's strong economic growth of 7% in the last decade, Brazil sees huge potential for exports of food and commodities.
The Chinese economy grew at its slowest in almost three decades in 2019 at 6.1%, under the impact of the damaging trade war and weak investment scenario.
Amidst the economic slowdown, India is witnessing a growth in demand for both credit cards and personal loans, leading to a rise in consumer credit.
Amazon.com founder Jeff Bezos has committed US$ 1 billion to help bring small Indian businesses online, with an aim to reach as many as 10 million SMBs.
Department of Commerce has proposed changes in the eligibility criteria for SEZs to link them to investments in R&D, innovation & employment generation.
Hon'ble CIM Shri Piyush Goyal announced that no imports will be allowed without HSN code into India, while speaking at the 6th National Standards Conclave.
In December 2019, India's exports stood at US$ 27.36 billion, declining by 1.8% according to latest data released by the Department of Commerce.
India-China has declined by about $3 billion in 2019, even as India’s trade deficit continues to be high at around US$ 56.77 billion.
The edible oil industry has asked the government to restrict imports of refined palm oil and palmolein to a maximum of 50,000 tonnes per month.
Legal immigration from India to the US on green card dropped by 7.5% during 2017 and 2018 according to data from a US-based think tank.
India is looking to offer a series of incentives to suppliers of Samsung and Apple to encourage them to open manufacturing units in the country.
In a possible indication of the impact of the rise of smartphones and OTT content, TV sales in India witnessed their worst ever performance in 2019.
The world has beaten the record for the highest ever debt-GDP ratio before the close of 2019, reaching 322% & narrowly bettering the previous best in 2016.
Ministry of Commerce & Industry has sought a major cut in the import duty on gold in the budget to boost exports and manufacturing of gems and jewellery.
Bulk tea companies are expected to continue to face margin pressure in FY 2020, despite marginal improvement in financial performance in the first half.
Free trade agreements (FTAs) with key markets like Australia, Canada, the United Kingdom and the EU will help boost India’s textile exports.
Indian sugar mills have gained due to the rise in sugar prices in the international market. This has improved the demand for sugar exports from the country.
India and Canada could fast track negotiations for a trade agreement, according to Andrew Smith, Minister (Commercial), High Commission of Canada in India.
Indian rice exporters have expressed concerns over tensions between US and Iran. Already, Rs 900 crore in payments are pending from Iran since May 2019.
India's restrictions on refined palm oil could push Malaysia to a price war with Indonesia in crude palm oil, where the latter has an advantage.
Foxconn has decided not to set up its manufacturing units in Maharashtra, India, after failing to strike a deal with the state government.
Hon'ble CIM Shri Piyush Goyal has asked SIDBI and the CGTMSE to develop a framework for faster processing of loans to SME units
Unlike in the U.S., where government programs and rising rates helped lenders rebound quickly after the financial crisis, European banks are still struggling to regain their footing.
It is being said that to prevent a spike in the prices like the one of onions, government was closely watching the situation and would ensure adequate supply of protein-rich seeds.
In November 2019 Asia-Pacific’s power industry saw 617 tenders being announced, marking a flat growth over the last 12-month average of 620.
This would be exclusive of the proposed free trade agreement (FTA) where ongoing negotiations are in a state of limbo.
Ministry of Statistics and Programme Implementation had recently pointed out that at least 355 projects have seen a cost overrun of Rs 3.88 lakh crore and about 552 projects have faced time escalation.
Recent data from the RBI has revealed that the health of the banking system has improved with the gross non-performing loan ratio remaining stable at 9.1% in FY19, declining from 11.2% registered last fiscal.
Owing to the fact that countries such as Turkey and Sri Lanka have curbed exports of onions to India, the prices of this vegetable are expected to remain somewhat firm till mid-February.
Across the globe, too, deals were hard to materialise due to various factors including uncertainties caused by the US–China trade war, which left many investors in a wait-and-watch mode.
Coal Ministry is likely to issue bidding rules for commercial coal mine auctions hold consultations with the concerned stakeholders next month.
The need for the introduction of 2D/3D seismic survey and other modern available technologies which for expediting coal & lignite exploration to cover more area in a shorter time were also discussed.
This has been attributed to the abrupt reduction in non-bank financial companies' (NBFC) credit expansion and the associated broad-based tightening of credit conditions.
Ministry of Road Transport and Highways directed the NHAI to equip toll lanes across national highways with electronic toll collection infrastructure.
After increasing 10 times since 2014, Tesla revenue will advance an additional 14 per cent in 2019, 21 per cent in 2020 and 18 per cent in 2021, according to the forecasts at Bloomberg.
377 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns of more than Rs 3.94 lakh crore. Further, 565 projects reported time escalation.
International steel production too registered a 1% fall at 147.791 MT in November 2019 as compared with 149.356 MT in November 2018.
The Inland Waterways Authority of India (IWAI) has lowered the cargo handling target to 100 million tonne (MT) on national waterways by 2021-22.
GST framework presently doesn’t allow a firm to file current tax dues if it has past dues.
A recent report by U.S.-based trade finance company Drip Capital pointed out that India's marine exports are expected to remain sluggish.
A recent report calibrated by the global property consultant Colliers points out that there has been a 9% hike in real estate investments to INR 43,780 crore during this calendar year owing to higher inflow from foreign funds.
Given the challenging condition in which the country’s textile sector finds itself, the Textiles Ministry has started consultations with the industry stakeholders on the New Textiles Policy.
Data from HR firm Xpheno has shown that hiring has slowed across IT, startups and multinational corporations. This scenario is likely to continue next year too.
The government’s Economic Survey (2017-18) has revealed that technology is finally solving inefficiencies in logistics. The industry is becoming more streamlined as a significant number of firms are adopting technology-led tracking systems that make it easy to predict when a parcel is expected.
While India's trade minister in October said the broad outlines of a deal with US had been worked out, Navarro gave no details about where talks or any US-India trade agreement stood.
India's sugar production stood at 4.58 million tonne till December 15 of the ongoing marketing year according to the estimates of industry body ISMA.
International design experts said at the Kochi Design Week that even though India is a potentially huge design market, it has a dearth of qualified designers.
Situated 130 km away from Agartala, this will be a Sector Specific Economic Zone for Agro-Based Food Processing – like Rubber based industries, textile and apparel Industries, and bamboo.
Startups dealing with global technology companies registered outside India assert that they pay more taxes on their revenues.
Citing feeble household consumption, global ratings agency Moody's Investors Service lowered India's gross domestic product growth projection for the fiscal year 2019-20 to 4.9% from 5.8%.
Union Minister Shri Piyush Goyal opined that the government’s decision to stay out of the RCEP was a bold one and that it was in the national interest.
This has been attributed to a flurry of overseas sales in the past few months, prompted by attractive global prices.
As per the statistics compiled by the US National Science Foundation (NSF), China, US & India are the top 3 producers of scientific articles in the world.
According to sources, demands were also made for allowing setoff through input tax credit (ITC) of the 5% GST levied on transport companies.
This has been attributed to the Finance Minister’s confirmation on increasing the statutory foreign portfolio investment limit in a company from 24% to sectoral foreign investment limit effective April next year.
Tax reforms introduced by the government recently will ensure investments come back to India.
Both the quantity and value of feature phones and smartphone imported by India in the last 3 years has declined from 758 lakh in 2016-17 to around 270 lakh units in 2018-19.
In a bid to revive FTA talks with EU, India is examining the areas where the negotiations are stuck and think of a possible way ahead.
The World Trade Organization said that attempts are being made to set up a “stop-gap” arrangement to resolve global trade disputes through arbitration.
A comprehensive review has been undertaken by government agencies & RBI to assess the control over telecom & infrastructures at strategic locations and border areas of the country.
In November 2019, India’s palm oil imports stood at 671,863 tonnes; while in November 2018, the country imported 691,827 tonnes of palm oil.
The commerce department has urged the finance ministry to impose border adjustment tax (BAT) on imported goods.
The authority is likely to probe into the alleged dumping and consequent injury to the domestic industry.
The slide was led by a contraction in the manufacturing sector followed by construction.
The two sides will make a comprehensive review of cross-cutting foreign policy and defence and security issues in bilateral ties.
Government is going to sell its entire stake in Air India (-which as a debt burden of more than INR 50,000 crore) under the proposed disinvestment process.
The government has decided to put an end to the gift channel being used by Chinese e-commerce portals like AliExpress, Club Factory and Shein.
Bilateral trade between the two countries rose to US$ 17.63 billion in 2018/19 from US$ 10.9 billion in 2008/09, with the trade balance widening to US$ 7.9 billion in favour of Japan.
India had 3.40 million hectare of area under organic farming, the ninth largest in the world besides having the highest number of organic farmers.
India exported goods worth of US$ 6.3 billion (as per USTR figures) to the US under the GSP regime.
Some farmers also estimate that prices are unlikely to rise further, and have already started to drop due to this development.
Food Safety and Standards Authority (FSSAI) Chairman Pawan Kumar Aggarwal has urged the stakeholders in food & beverage industry to trim the level of 'unsafe food' to less than 1% or negligible levels within the next four years.
MAIT, the apex body of electronic product makers, has asked the government to restore the 4-5% incentive under the Merchandise Exports of India Scheme (MEIS) as the curb of these benefits is likely to hit exports worth about US$ 8 billion.
Thus, the body would no longer be in a position to consider new appeals after December 10 and will have a negative impact on WTO’s dispute settlement system and also the multilateral trading system as a whole.
India and South Africa had argued that the ecommerce moratorium led to loss of revenue (which according to an UNCTAD study, could be as high as US$ 500 million every year for India).
The new deal aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision.
Byju, Swiggy, Zomato, PhonePe, Myntra are some such companies that he has great hopes from.
Data from the DHL Global Trade Barometer released by DHL, revealed that strong ocean imports and exports will sustain India’s trade growth over the three-month period ending in January 2020.
Foreign cos won’t be allowed in local contracts unless India Inc gets to compete in those nations.
Chief Economic Advisor K Subramanian said, while addressing the FICCI young leaders summit on Monday, that the country has not lost its growth potential and the economy will bounce back.
A joint venture between Kingsland Drinks and Indian wine producer Soul Tree has led to the first ever shipment of bulk wine from India to the UK.
The export revenue to China has subsequently reduced to between INR 100 crore and INR 150 crore since January.
India, along with many countries, has expressed anguish over the eclipsing of the World Trade Organization’s (WTO) Appellate Body.
Video streaming company Netflix is planning to invest Rs 3,000 crore to develop and export India-focused content on its platform.
The Indian table grape industry is expected to witness record exports this season, despite expectations of lower production due to climatic challenges
Due to a crackdown by China on illegal meat imports India, which is one of the biggest exporters of buffalo meat, will have to look for new avenues.
DPIIT has decided to set up a bimonthly and quarterly panel to address grievances of venture capitalists and startups, chaired by the CIM Shri Piyush Goyal.
The failure of OPEC to pin down the details of an agreement to adjust its official output target led to the sputtering in oil prices to US$ 58 a barrel.
RBI's MPC slashed its GDP growth estimate for 2019-20 by 110 basis points to 5% from 6.1% forecast two months earlier. But it retained repo rate at 5.15%.
India's textile exports have increased 6.2% post-Goods and Services Tax (GST) as compared with corresponding period pre-GST.
The International Air Transport Association data has revealed that India's domestic air passenger traffic grew 3.6% in October.
US, EU, Canada and Australia have created barriers through domestic regulation conditions to deny market access to short-term services providers from India.
The union government has also asked states to crack down on hoarders, create a buffer stock, and distribute imported onions.
The Reserve Bank of India (RBI) proposed the idea of a new pre-paid instrument for payments up to ₹10,000 for buying goods and services.
India is set for a modest recovery after a loss of momentum as reforms to simplify taxation lighten business regulations and upgrade infrastructure start to fructify.
The Reserve Bank of India has modified its estimate for CPI inflation figures for the month of December 2019 upwards from the 3.5-3.7% to 4.7-5.1% range that it had predicted in the previous policy.
It is being feared that Chinese goods are being diverted through Singapore due to duty concessions offered under a free-trade agreement.
Trump has threatened to impose 15% levies on an additional US$ 160 billion in Chinese goods if an agreement is not reached by that date.
The government has been practicing various schemes like Paramparagat Krishi Vikas Yojana (PKVY) and Mission Organic Value Chain Development North Eastern Region (MOVCDNER) to promote organic farming in the country.
The US has decided to continue with the ban that it imposed on sea shrimps because they are caught by vessels without turtle excluder devices.
Larry Page and Sergey Brin, who founded Google more than twenty years ago, are stepping down from executive roles at Alphabet, Google's parent company.
Heavy rain at the end of monsoon in chief onion-producing states had damaged the kharif season crop and led to a supply shortage this year by around 26%.
FSSAI held a meeting with experts to bring the curtains down on the prolonged cold war between icecream makers and manufacturers of frozen desserts.
12 global companies have demonstrated a willingness to shift their base from China to India, taking advantage of competitive tax rate of 15% announced recently.
The government is contemplating the idea of bringing under its scrutiny foreign players participating in certain ‘strategic areas’.
Companies indicated that workloads had been managed by existing staff, while others cited the non-replacement of retirees and non-renewal of temporary contracts.
China has sought to expedite the finalisation of the RCEP deal as it faces slowing growth from a trade war with the U.S. The deal would also lead to better integration with Asia.
There was a remarkable 63% hike in the number of Indian students being granted visas to study at British universities over the past year by the UK government.
The country is now in a comfortable position to meet its electric demand.
This is the weakest pace in more than six years of the economy’s expansion.
Action for misuse of facilities under Export Promotion Scheme during the last three years has been taken against 1,271 companies by Directorate General of Foreign Trade.
The government is preparing a strategy for national level use of Blockchain technology to scale up and widely deploy the new age technology.
At present, India imports more than 50 MTPA coking coal. Government data revealed that shipments of coking coal from the United States and Canada rose to a sixth of all Indian imports of the fuel during the last fiscal.
Due to the shift towards modernised infrastructure and applications, the highest revenue-generating segment in the IT services market continued to be systems integration in the first half.
Even in 2010 and 2015, India was the top recipient of remittances. The increase in remittance between 2015 and 2018 is 14%, according to the UN body.
Union minister Shri Piyush Goyal expressed confidence in the economy stating that India's service sector can help reach the Central government’s target of USD 5 trillion GDP.
The government is considering a proposal to restrict the import of all kinds of refined edible oils, while continuing to keep crude oils under the free category.
According to some insiders familiar with this development, the government has pumped in INR 56,000 crore in the past decade in a bid to keep the carrier afloat.
The Union Cabinet on Wednesday gave a green signal to the Double Taxation Avoidance Agreement (DTAA) between India and Chile.
This will enable the consumers including discoms or captive to buy power at exchanges just one hour before delivery.
To promote the domestic pharmaceutical industry, it is recommended that there should be a preference for Make in India products during public procurement.
In her interaction with media she cited slowing global growth, falling trade intensity and uncertainties stemming from trade conflict as the reasons for India’s slowdown.
Almost 40 products including pistachios, walnuts and apples have been identified by India & US for duty concessions.
New Delhi is in a fix after the recent WTO ruling which required India to roll back its export sops under the MEIS scheme.
India and Indonesia are trying to reach their target of US$ 50 billion trade by 2025 by eyeing new areas of investments during the “India Indonesia Investment & Business Forum”.
India’s pepper output is projected to see a sharp fall of 30% due to erratic climatic conditions in south India and rising imports from Sri Lanka.
Commerce & Industry Minister, Shri Piyush Goyal said that the government has simplified patents regime to boost innovation among India’s MSMEs and startups.
Rising output could create pressure on China’s thermal coal prices. China has decided to scrap its coal-electricity price linkage mechanism from 2020.
Slowdown has propelled some of the major logistics players to defer planned expansions, and setting relatively modest revenue targets
To prevent misuse by Chinese e-commerce firms, CBITC could remove the provision where citizens can get duty-free gifts/samples’ under Rs 5k from overseas.
Prices of Indian rice export fell to their lowest in nearly 3 years as fresh supplies from the summer-sown crop loom large amid subdued global demand.
External Affairs Minister S Jaishankar informed the Rajya Sabha that it is trying to convince US that tapping into Indian talent benefits both countries.
Experts feel that a US-China trade deal might not materialise until 2020. Currently, Beijing is demanding that Washington roll back tariffs imposed on it.
Recent findings of Grant Thornton's latest M&A Dealtracker revealed that there were 28 M&A deals worth US$ 1.5 billion in October this year
The Commerce Ministry has asked DGFT to identify the export promotion council that will work to promote furniture exports from India.
In order to capitalize on the US-China trade war, India is planning to offer 324 companies various incentives for investment in factories.
Finance Minister Smt Nirmala Sitharaman has announced the Cabinet’s approval to import 1.2 lakh tonnes of onions to enhance supply and check prices..
The recent RBI data revealed that bank's credit grew by 8.07 per cent to Rs 98.47 lakh crore in the fortnight ended November 6.
Reliance Industries surpassed BP Plc to become the world’s sixth-largest energy company in terms of market capitalisation.
The government is considering forex loans at cheaper rates to exporters and higher insurance coverage to banks on their export-credit-disbursement.
Prevalent global economic uncertainty due to factors like delayed Brexit & US-China trade war, is compelling IT clients to delay deals.
According to the norms of the multilateral trade body, when a decision is challenged by an appeal by the member-country concerned, it cannot come into effect.
US President Donald Trump warned in an address to the media that the failure to get a trade deal with China will prompt US to impose more tariffs.
Minister of Heavy Industries and Public Enterprises Shri Prakash Javadekar said the slowdown in automobile sector is cyclical.
Economists from various agencies have lowered their growth forecasts for India for the quarter ended September to between 4.2% and 4.7%..
Around 3.43 million barrels per day was sourced from OPEC, which (until now) accounted for about 80% of India’s oil needs.
It also stipulated that international students contributed US$ 44.7 billion to the economy in 2018, an increase of 5.5% from the previous year.
the country’s per capita consumption of stainless steel touched a new peak. Against 1.2 kg per capita in 2010, the consumption registered a 100% growth and touched a new peak of 2.5 kg in 2019.
The country’s central bank has been blaming banks for the slower transmission of its policy cuts into their lending rates and continuously prodding them to cut more.
The data issued by the Directorate General of Civil Aviation (DGCA) showed that domestic scheduled carriers carried 12.3 million passengers last month
The All India Spices Exporters Forum has made several appeals to the Centre on MEIS and it reckons that exporters will lose heavily if the benefits are not allowed in full from August.
Alarmingly, these drugs have not undergone clinical trials, and do not have the drug controller’s approvals.
A study by ISC Research shows that after China, India has the maximum no. of international schools in the world. This is an improvement of two ranks since 2012.
N Chandrasekaran, Chairman, Tata Sons, supported the privatisation of power distribution companies, and also ensuring that every generation plant is operational to help the power sector.
The multilateral organisation has US$ 3 billion exposure to India, which will continue to be the largest borrower in the near future.
The trade dispute between the two superpowers has already ensnared more than 70% of bilateral trade in goods ever since it commenced about 2 years ago.
Recent media reports suggest that India Inc’s revenue dropped marginally in the September quarter, the first decline in nine quarters.
After a gap of nearly a month, Indian refiners have resumed buying Malaysian palm oil.
Data released by the Commerce and Industry Ministry on Thursday showed that India’s wholesale inflation eased to 0.16% in October, its lowest in more than three years.
56% of those firms that were surveyed said that it is getting easier to do business in India. Their perception about corruption being a barrier to operating in India saw a sharp drop.
India’s Prime Minister Shri Narendra Modi met China’s President Xi Jinping on the sidelines of the 11th Brazil-Russia-India-China-South Africa, or BRICS, summit.
With September shipments conceding fourth straight monthly decline and fifth in fiscal 2019-20 to 6.11%, it is quite evident that a global slowdown has taken a toll on Indian engineering exports.
Information Technology Industry (ITI) Council, held that India’s mandate on data localization could prove detrimental to tech companies.
The rupee plunged to INR 72.08 against a dollar yesterday, down 62 paise or 0.87%.
The auto industry is expecting investment over the next 3-5 years from at least half-a-dozen Chinese vehicle makers along with their vendor-partners.
Shri Piyush Goyal, said at the BRICS trade ministers meeting in Brasilia that some e-commerce companies are indulging in predatory pricing, which has detrimental effects on millions of small retailers.
A report from the Economic Research Department of State Bank of India (SBI), which was launched yesterday trimmed the country’s GDP growth forecast.
Owing to unprecedented rainfall in the major growing regions (including Madhya Pradesh) during October and November, as much as 50% of the urad pulse crop was damaged.
A Bloomberg survey of 33 economists anticipated retail inflation to be 4.35% in October, the highest since June last year.
Finance Minister Nirmala Sitharaman has said that in order to ensure that farmers get the correct price for their produce, the government will form 10,000 farmer producer organizations.
India’s plastic exports for September 2019 declined by 16.8% to US$ 649 million from US$ 780 million in September 2018.
Soybean Processors Association of India is of the opinion that India’s soyameal exports for the oil year 2019-20, starting October, may see a sharp decline.
A medical invention (called Cytotron) by Bengaluru-based scientist, Rajah Vijay Kumar, has been labelled as a “breakthrough device” by US FDA
To shirk the country’s dependence on US manufacturers, Indian government is trying to woo Japanese investment in India’s medical devices sector.
IT research firm, Gartner, on Monday said that the overall IT spending in India would grow 6.6% to reach US$ 94 billion in 2020, from US$ 88.5 billion in 2019.
The Dun & Bradstreet Composite Business Optimism Index is arrived at on the basis of a quarterly survey of business expectations.
India has also been seeking increased market access for certain agricultural goods including fruits and vegetables. The meeting comes ahead of the minister’s participation in BRICS meet.
According to the country’s existing foreign trade policy, tax incentives under Service Exports from India Scheme (SEIS) to several services sector are provided.
Kiran Mazumdar-Shaw, CMD, Biocon, has asserted that she is quite interested in the business opportunities in the agriculture and digital healthcare sectors.
India is predominantly an importer of medical devices, with the domestic industry accounting for about 2% of the global industry
Manoj Kumar Mohapatra, Consul (Commerce) in the Embassy of India in Washington, sounded optimistic about the US-India trade deal by the end of 2019.
China & US are willing to roll back the tariffs that they imposed on each other’s goods, provided that phase one trade deal is completed.
Government plans to extend its existing NPOP certification to textiles, cosmetics and AYUSH products to raise their credibility in international markets.
The government is planning to introduce an online application form and single-window clearance for coal mining lease, land acquisition and other approvals.
The upcoming meeting of India’s PM, Shri Narendra Modi with China’s President, Xi Jinping on the sidelines of BRICS Summit could include discussions on RCEP
The aim is to help farmers and local industry, apart from reducing the current account deficit.
Many young and rich Indians, are choosing gems like rubies, sapphires, emeralds and aquamarines over gold or diamond.
Petroleum Minister, Shri Dharmendra Pradhan, opined "India will see an investment of USD 100 billion by 2024 in oil refining, pipelines, city gas distribution networks, and LNG terminals."
Owing to factors like a fall in the domestic production of crude oil and natural gas by 6% and 1.5%, respectively, in the first half of the current fiscal year, India’s imports have risen of late.
This follows the recent inquiry by the DPIIT has to ecommerce firms about how they can work with small retailers to boost such neighbourhood stores.
National Foundation for American Policy reports that denial rates for H-1B petitions have increased from 6% in 2015 to 24% in the third quarter of the current fiscal.
India is still open to joining Regional Comprehensive Economic Partnership (RCEP) deal; provided all its concerns are met.
The Indian government has sought a more balanced principle for the taxation of companies like Google, Facebook & Uber based on place of revenue generation.
The new Consumer Protection Act (CPA) has been open to public domain for feedback from until October 31.
These tariffs were imposed by US on about US$ 110 billion in goods in September, and about US$ 250 billion that last year.
Surging prices continued to weigh on consumer demand during the festival season, bringing down India’s gold imports in the month of October by 33%.
The decision comes at a time when China & US are embroiled in a trade war that is affecting US-based companies in China, and vice versa.
In the given circumstances, not joining the agreement reflects both our assessment of current global situation and of the fairness and balance of the agreement.
The leading global advisory also stated that though salary increases in India are stabilising at around the 10% mark, they remain the highest in the Asia Pacific region.
“The single value of the national minimum wage for India should be set at Rs 375 per day as of July 2018”, recommended an internal panel of the labour ministry.
The government is considering the option of setting up ten integrated mega parks with state-of-the-art infrastructure near ports to attract FDIs.
A recently released draft statement by Southeast Asian leaders stated that the signing of the world’s largest trade pact will likely be kicked back to 2020. Objections by India have once again clouded hopes of finalising the pact at this weekend’s Association of Southeast Asian Nations (ASEAN) summit in Bangkok. India is worried that its […]
Prime Minister Shri Narendra Modi expressed confidence that India will be able to convert the US$ 5 trillion economy vision into reality soon.
The first ever containerised cargo movement via Indo-Bangladesh protocol route and Brahmaputra river started from West Bengal's Haldia on Monday.
IMF has indicated that led by India, South Asia has the potential to contribute about one-third of the world's growth by 2040.
With India on Thursday saying that there were still some critical issues pending resolution, its membership of the Regional Comprehensive Economic Partnership (RCEP) could go down to the wire.
The squabble between US & India over the latter’s export promotion subsidies has been won by the US.
Economy may have slumped further in the second quarter of the current financial year and a recovery may take time.
Rating agency ICRA had also predicted that Coal India's output target will be missed by about 55-75 MT.
Data from Refinitiv reveals that private equity investment in India for the first nine months of the year stood at US$ 12.8 billion.
The group, which was formed last September, is of the opinion that exclusion from the pact will keep India out from a large regional market.
India is the second largest aquaculture producer, 3rd largest fish producer in the world with exports of marine products worth USD 7 billion and the 4th largest exporter of seafood in the world.
There has been a sharp drop in the average of India’s labour productivity from 7.4% between 2010-11 and 2014-15 to a low of average 3.7% during fiscal year 2015-16 to 2017-18.
In the third quarter, India's real GDP growth is estimated to be 1% on a quarter-on-quarter basis and is projected to rise to 2.20% in the fourth quarter, according to the report.
Some time back, startups made representations to the government about receiving notices from the Income Tax Department, making it difficult for them to operate.
With the ongoing tussle between the US and China redefining global headwinds, Prime Minister Shri Narendra Modi’s ‘Act East’ policy is paving the way for banks and financial institutions to find new means to engage with countries in the East.
Prime Minister Shri Narendra Modi on Tuesday, while addressing the Future Investment Initiative 2019 in Riyadh, extended an invitation to Saudi companies to invest in India's energy space.
The denial rates for H-1B petitions have increased because USCIS has changed the standards for approval without new regulations or Congress passing a new law.
A high-level advisory group (HLAG) on trade and policy led by Surjit Bhalla, a former member of the Prime Minister's Economic Advisory Council was formed last year in September.
Given the lack of fiscal space to reduce income tax and the prevailing higher levies in several countries such as China, the US and the UK.
Industry has also recommended setting up a Defence Industry Advisory Committee (DIAC) under the pact to enhance government’s efforts to promote technology sharing.
The government has given the green chit in fuel retailing for petrol, diesel, LNG and CNG.
The difficulty of Brexit could work in the favour of India’s IT sector, according to an industry insider.
From 77th position last year, India climbed the ladder by moving up 14 places to 63rd rank.
64% of companies are not hiring apprentices due to slowdown. The research entailed a survey of 500 employers across 12 sectors.
Lawmakers voted by 322 to 308 against the so-called programme motion citing the reason that they did not have ample time to scrutinize such an important bill.
The period between April-June saw 1% decline in international air travel following the collapse of Jet Airways.
As far as the average for the last 12 months goes, India held the top spot with 321 tenders, followed by Bangladesh with 101 and the Philippines with 83 tenders.
Only 19% of Indian organisations regularly make significant amendments to their cyber security approach, and 38% intend to make changes to their security approach in the next 6-24 months.
Department for Promotion of Industry and Internal Trade (DPIIT) plans to hike vestment (FDI) in defence in the automatic route from 49% to 74%.
Solvent Extractors' Association (SEA), the industry body for Indian edible oil has issued an advisory to its members to refrain from importing palm oil from Malaysia.
The revamped policy is likely to have changes in incentives given to goods as the current export promotion schemes are challenged by the US in the dispute resolution mechanism of the World Trade Organisation (WTO).
India is looking to the US for technology, innovation, skills and quality education.
This has been attributed to the closure of Vedanta’s copper smelter in Tuticorin, which led to the erosion of more than 46% of the country’s production of the base metal.
China and the USA dominate with over 80 percent of the world's known unicorns, despite representing only half of the world's GDP and a quarter of the world's population.
The platform has been to provide assistance to Startups and SME’s and help them in understanding Intellectual Property Rights.
Latest data by industry body Society of Indian Automobile Manufacturers (SIAM) suggests that two-wheeler exports rose by over 4% in the April-September period of the current fiscal.
As we envisage becoming a five trillion-dollar economy by 2024-25, our focus on creating world-class infrastructure has become even more resolute.
Monetary policy cannot be the only game in town. It should be coupled with fiscal support where fiscal space is available.
M-SIPS (2012-18) offered multiple incentives for 10 years, including a capital subsidy of 20% in special economic zones (SEZs) and 25% in non-SEZs, and reimbursements of countervailing duty.
S&DT offers several flexibilities for developing countries, such as longer time periods for implementing agreements and commitments, lower levels of commitment and measures to increase trading opportunities.
It’s the first time ever that India has used its heft as a trade partner to express unhappiness about a political statement.
India’s rice exports in August fell 29% year-on-year to 644,249 tonnes due to weak demand from African countries for non-basmati rice, among other factors.
The developments are worrying for the company as emerging markets contribute 60% to the company's overall sales.
We have to make even more efforts at facilitating and promoting private investment in the country.
5G will only constitute 7% of India's installed base of over 1.3 billion connected devices in 2025.
Brick-and-mortar retailers and companies have stated that the weeks of the shopping spree ahead of the festival season has been trimmed down to one weekend.
“Acceding to RCEP at this juncture will accentuate the uncertainties and could result in loss of jobs and incomes which the country can ill afford” stated the Forum For Trade Justice.
With a record 1.54 million applications (led by telecoms and computer technology), China accounted for nearly half of global patent filings last year.
International Monetary Fund called for a coordinated policy action, especially from some of the world’s largest economies, including India.
Malaysia plans to boost raw sugar & buffalo meat imports from India. Relations soured recently due to Malaysia’s criticism of India's actions in Kashmir.
The Centre directed states to take action on October 2. However, different policies across states are fragmenting the Indian market, according to Rambhia.
The reason cited for this is that the country does not have the high-skill talent it needs and the drop in student admissions over the past three years is acting as a deterrent to get qualified immigrants into the US.
India’s exports contracted by 6.57% in September’19 to US$ 26.03 billion. India’s imports on the other hand declined 13.85% to a three-year low of US$ 36.89 billion, signaling weak domestic demand on account of a slowing economy.
What we have received from Trai is pricing, there are other parameters which we have to examine, ultimately it has to go for government approval,” Anshu Prakash, telecom secretary said.
An update by the Clothing Manufacturers Association of India (CMAI), revealed that India exported US$ 1.36 bn worth of apparel in July, which was 7% more than July 2018 and 11% more than June 2019.
The findings also suggested that the overall food inflation was 7.47% in September from 7.67% in August as inflation rate for fruit dropped sharply to 6.67%.
The estimate also suggests that the technology will contribute 20% to the country’s in nominal GDP, sustaining 60-65 million jobs by 2025.
The price of groundnut is likely to remain range bound due to bumper production this year. The export of groundnut oil is likely to be more due to better availability.
Against the earlier growth forecast of 7.5% in April, the World Bank has trimmed India’s growth forecast to 6% for current fiscal in its latest edition of South Asia Economic Focus.
Bilateral trade between the two countries reached US$ 95.54 billion in 2018, with the trade deficit at US$ 53 billion in China's favour, the biggest deficit that India has with any country.
Hyundai Motor India led these exports. Ford India Pvt. Ltd and Maruti Suzuki India Ltd were the other top performers.
The government has identified 15 large coal blocks for the pilot round of commercial bidding in December. These blocks will have a capacity to produce 4 million tonnes per annum.
They are primarily eyeing early-stage ventures - not more than three years into their lifecycle for investment.
About 20% of the ornaments sales by volume now consist of diamond-studded jewellery.
China is working to bring down its trade surplus with India. In the first eight months of this year, India’s trade deficit went down by 1.6% to US$ 37.9 billion.
India has already proposed to put in place an auto-trigger mechanism to prevent the dumping of goods by other countries of RCEP.
The other top 3 countries which outperformed India in August’19 were China at 10.1%, Russian Federation at 6% and the US at 3.9%.
The agriculture ministry will fund, handhold, train, ensure easy credit availability and provide other support to these FPOs (having a minimum of 500 member-farmers on board) to make them viable.
Tea Board has reported that tea exports from India remained virtually stagnant in the first eight months of 2019 in volume terms.
The scheme hopes to further the government's goal of doubling farmers’ income by promoting cooperative-to-cooperative trade within India & abroad and promoting exports of key agriculture commodities and products.
This is a shot in the arm for India, which has proposed its own regulations on taxation of digital companies.
WEF observed that India's rank is high in terms of macroeconomic stability and market size but added that the banking system has been affected by a high delinquency rate.
British Prime Minister Boris Johnson said on Wednesday that "We've been also negotiating with our friends and partners in the EU about Brexit and you know I'm still cautiously, cautiously optimistic."
Indian solar developers should consider quality, service standards, overall costs and geopolitical implications before opting for cheap Chinese imports.
The Bureau of Industry and Security, US Department of Commerce, has decided to add 28 Chinese governmental and commercial entities to the Entity List for engaging in or enabling activities contrary to the foreign policy interests of the United States.
It also stated that India’s plastics exports had risen at a CAGR of 11-12% in the last three years and are estimated to reach US$ 25 billion in trade by 2025. The country’s plastic exports in FY19 were US$ 8 billion, as per the study.
Economic activity is softening in advanced economies, such as the US, Japan and, especially, the Eurozone, while in other emerging markets such as India and Brazil, the slowdown is even more pronounced this year.
Various stakeholders from the country’s dairy industry and farming community have expressed fears that this would severely hurt Indian farmers and small businesses due to stiff competition from New Zealand & China.
The government has decided to probe increase in imports of phthalic anhydride from South Korea, after allegations of serious injury by domestic industry.
Auto companies continued to struggle with low demand, inventory correction and cuts in production across segments in the quarter ending September 2019.
Top ministers of the Modi government held a meeting chaired by PM Narendra Modi on Monday to decide on whether India should go ahead with the RCEP deal.
Indo-US trade opportunities are “historic”as per Arkansas governor Asa Hutchinson, one of five governors scheduled to visit India in the coming months
India is developing an index to assess the costs of logistics in its top nine export sectors, including agriculture, leather, apparel and gems & jewellery.
The defence ministry has stipulated thatstartups can now bid for contracts valued less than INR 150 crore without the burden of providing financial credentials.
After India, the world's biggest seller of onions, banned exports following delayed harvests caused by extended monsoon downpours, buyers across the region are bewildered.
The findings of a report by the World Economic Forum and Ola Mobility Institute suggest that India has the potential to become one of the largest electric vehicles (EVs) markets in the world.
Department for Promotion of Industry and Internal Trade has decided to keep a strict eye on festive sales by e-commerce companies.
India had blocked a US request to set up a panel to settle its disagreement over retaliatory tariffs on 28 American products.
The disinvestment plan includes Bharat Petroleum Corp. Ltd, BEML, Container Corporation of India and Shipping Corporation of India.
Amidst the souring prices of Indian onions due to a seasonal shortage which has been worsened by flooding in several states, the government has decided to ban exports of onions.
India Ratings and Research, has revised its outlook on the auto sector to stable-to-negative from stable for the remaining half of the current fiscal.
Keeping the fiscal deficit at glide path at 3.3% of the GDP in the current fiscal, the government’s borrowings will be within the budgeted Rs 7.1 lakh crore.
The World Bank has recently released a list of the 20 economies that have improved the most in three or more of the ten regulatory areas considered for their ease of doing business score.
Oil prices rose, easing concerns about demand at the world's largest crude importer amid an ongoing trade war with the United States.
Ensuing the concern of Union HRD Minister Ramesh Pokhriyal 'Nishank' about the issue of rankings of the prestigious Indian Institutes of Technology (IITs).
The policy is aimed at promoting emerging sectors, reducing regulatory hurdles and making India a manufacturing hub and will replace the earlier one which was drafted in 1991 in the backdrop of the balance of payment crisis.
MoSPI suggests that there has been a drop in the share of agriculture, forestry and fishing in India’s gross value added (GVA) from 18.6% in 2013-14 to 17.9% in 2016-17.
India's FY20 soymeal exports are likely to drop (28.6%) to 1.5 million tonnes in the new marketing year from 2.1 million tonnes in 2018-19.
Finance Minister Smt. Nirmala Sitharaman sought the help of private banks and non-bank lenders to boost credit disbursal so as to stir up consumer demand.
10 new AI-based jobs are being created for every 100 positions made redundant in traditional technology according to some experts.
A government official stated that India’s electronics industry needs additional sops such as cheap credit and incentives for export along with infrastructure support in order to flourish and compete with China, Vietnam and Thailand.
Trade and Development Report 2019 projected India's growth rate for the current year to slowdown at 6% from last year's 7.4%.
Sansui, which has joined hands with Jaina Group, is gearing up to enter the Indian market and make it one of its global production hubs.
Other leading nations in the garment industry such as Bangladesh and Vietnam are being given preferred access in India’s biggest textile market — the European Union.
India’s mobile exports in 2018-19 grew over eight-fold to INR 11,200 crore, thereby exceeding imports (amounting to Rs 10,000 crore) for the first time.
This has been attributed to tepid credit demand and prudence by banks after bankruptcy laws came into play to resolve bad loans.
The government has taken a string of measures to facilitate greater ease of doing business including reducing corporate tax and abrogating 50 laws to improve business sentiment.
India’s growth forecast has been sharply cut by the Asian Development Bank to 6.5% for the ongoing fiscal year.
The Saudi Food & Drug Authority (SFDA) has from September 1 made it mandatory for each rice consignment to be accompanied by a Certificate of Conformity (COC) according to the latest norms.
The Indian Railways is exploring the possibility of handing over operations of more trains to private players offering improved services and amenities for passengers in the near future on several important routes.
While US president Donald Trump and Prime Minister Narendra Modi’s bilateral meeting was expected to come as a breather amidst the spiraling tensions of the two countries, little has been achieved in terms of advancing their trade relations.
Commerce and revenue departments have initiated discussions to extend the sunset clause for the scheme that ends March 31, 2020.
Addressing the first Chintan Shivir, Minister for Petroleum and Natural Gas, and Steel, Shri Dharmendra Pradhan, stated that India is going to be a net exporter of steel in the coming years.
Maersk suggest that India's container trade growth slowed to 1% due to growing trade tensions, rural distress and slump in manufacturing sector.
Rating agency ICRA is of the opinion that India’s automotive industry is likely to be one of the key beneficiaries of corporate tax revision.
Indian sugar producers are all set to commence exports to China, East Africa, Bangladesh, Sri Lanka and Iran.
To protect the interests of domestic industry in case of dumping of goods, significant jump in imports or subsidized imports, government will make changes in the rules of trade remedies.
India-based and India-centric IT firms paid US$ 96,300 on an average in 2017 for local as well as H-1B visa-holders software programmers.
Shri Piyush Goyal, whose visit to US is coinciding with that of Prime Minister Shri Narendra Modi, will work with US officials on resolving bilateral trade issues.
The Union Government has estimated a collection of Rs 1 lakh crore cess on sin and luxury goods in 2019-20.
Foreign Secretary Mr Vijay Gokhale asserted that India meets the criteria for trade concessions under the US' Generalised System of Preferences (GSP).
The Government of India announced a cut in effective corporate tax inclusive of cess to 25.17% for domestic companies, effective from April 1, 2019
The government aims to increase India's exports of fish and fishery products by over 50% to Rs 1 lakh crore every year in the next five years.
The general slowdown in the economy, along with the ongoing monsoon, will negatively impact occupancy levels in hotels in the medium term.
Labour ministry has come up with a revised social security code with the intention of simplifying and rationalizing the germane provisions of the existing 8 central labour laws by establishing a social security board in the country.
The US terminated incentives to US$ 6.3 billion of Indian exports under the GSP programme from June 5 this year.
Department for Promotion of Industry and Internal Trade notified the recent decisions pertaining to the relaxation of foreign direct investment (FDI) norms.
This will harm the local steel industry by opening floodgates to cheaper Chinese imports.
The industry is apprehensive that import of cheaper milk powder will be detrimental for the livelihood of India’s dairy farming community, which is already in a macabre state.
This is not going to remove all of the trade frictions between India and the U.S. — those are substantial— but it is a step in the right direction.
The ban has ramifications for all sectors like food processing, dairy, garments, toys," stated Jayesh Rambhia, All India Plastic Manufacturers Association.
By offering deep discounts ranging from 10-80% on their ecommerce portals, these companies are clearly influencing the prices and creating an uneven playing field.
The 5% import duty on open cell LED TV panel has been obliterated by the Ministry of Finance yesterday and is likely to reduce television prices.
The system will provide advanced information about steel import to government and other stakeholders, including producers and consumers, to have effective policy interventions.
Commerce ministry will soon approach the government to trim down insurance premium rates from 0.7% currently to 0.6% for small exporters.
These duties are explicitly authorized by the WTO and are likely to drive up the cost of products for the American customers.
Commerce Ministry will initiate the process of winding up debt-ridden State Trading Corporation (STC), and Project and Equipment Corporation of India (PEC).
An inter-ministerial panel has already been set up by the Prime Minister’s Office (PMO) to examine the ways in which handset manufacturing can be boosted within one month in India.
India’s exports for the month of August dropped to US$ 26.13 billion. Consequently, overall exports are down by 9% to US$ 15.33 billion in the first five months of this fiscal.
The scheme was overall a partial success: the levies helped create a local ecosystem for batteries, chargers and printed circuit board assembly, while duties on components did not have the same effect.
Setting up of this committee headed by Infosys cofounder S Gopalakrishnan brings some national-level cohesive thinking around the issue of non-personal data.
According to Tracxn, a startup data tracking platform, investments worth US$ 697 million, spread across 115 rounds, have been made in deep tech startups so far this year.
A strike by 10 unmanned aerial vehicles on Saudi Aramco (which is regarded as the world’s biggest crude-processing facility in Abqaiq) removed about 5% of global oil supplies.
Commerce and industry minister Piyush Goyalsaid the country is ready to take bold decisions to enhance its presence in international trade.
Spain, France, Germany, Japan, US, UK, Australia, Italy, Canada & Switzerland emerged as the top 10 global tourist destinations. The report evaluated 140 countries.
Companies are turning to Thailand & Vietnam over India as a chosen destination to escape from the harsh dynamics of the ongoing US-China trade war.
The findings of a new research titled "Infosys Talent Radar 2019"conducted by Infosys revealed that analytics, user experience, automation, IT architecture and Artificial Intelligence are among the most sought after tech skills.
The government will soon come out with guidelines on extending foreign exchange credit to exporters at nominal rate of sub 4%.
Commerce and industry minister Piyush Goyal on Wednesday said that India will look out for its national interest in the proposed Regional Comprehensive Economic Partnership (RCEP) trade agreement.
The two economies imposed fresh tariffs on each other on Sept. 3, leading to a tit-for-tat tariff war that has unsettled financial markets and raised the specter of a global recession.
Inspite of headwinds in global trade, Basmati paddy prices are expected to remain steady owing to better quality of the crop and the expectation that the export will pickup in later part of current financial year.
According to the US-India Strategic and Partnership Forum (USISPF), Indian high tech has the potential to attract an investment of a whopping US$ 21 billion and generate millions of jobs
Leveraging the tussle between the US & China, India’s gems and jewellery sector hopes to tap a US$ 1-billion export opportunity to US.
Trade ministers from 16 Asia-Pacific countries (which together account for about a third of all global trade), have vouched to wrap up RCEP.
India & ASEAN have agreed to constitute a joint committee to review their free trade agreement, signed in 2009.
US & India have initiated discussions on a string of thorny issues which had fanned tensions between them like restoration of Generalised System of Preferences (GSP).
Finance Minister Smt. Nirmala Sitharaman said that the government will expedite infrastructure spending to bolster consumption.
The British government has decided to offer from next year a two-year work visa to foreign students graduating from a British university.
With the influx of fresh funds, hiring in tech startups may not be immediately affected due to the current economic slowdown in India.
The deficit has already ballooned to over US$ 57 billion in 2018.
The discussions focus on duties (ranging from 7.5% to 20%) imposed by New Delhi on the imports of certain information and communications technology (ICT) goods.
The government is working on Bharat Craft, an Alibaba-like e-marketplace for micro, small and medium enterprises (MSMEs).
India and China have agreed to identify non-tariff areas to make it easier for the Indian businesses to make inroads into China.
There has been a 16% yoy dip in China’s exports to US to US$ 44.4 billion, due to punitive tariffs imposed by the latter.
UNCTAD predicts that domestic market for computer services in India is forecast to grow faster than exports.
This import-export data will help make the system transparent and reduce the issue of over-invoicing and under-invoicing.
Government is contemplating the idea of bringing Rebate of State and Central Taxes and Levies (RoSCTL) and Advance Authorisation Scheme, within the ambit of the drawback committee under the revenue department.
Members of the Regional Comprehensive Economic Partnership (RCEP) have asked India to make up its mind on its membership of the trade group.
The FAO food price index averaged 169.8 points in August from an upwardly revised 171.7 points in July.
Society of Indian Automobile Manufacturers’ President Rajan Wadhera believes that a million contractual manufacturing jobs are at stake due to the slowdown in consumption.
Due to the ensuing US-China trade war, US has started importing value-added shrimps like breaded shrimps from India.
A market update by Cogoport, an online logistics marketplace states that India should explore Egypt, China, Mexico & Malaysia for its rice exports.
Ahead of the upcoming Regional Comprehensive Economic Partnership meet in Bangkok on September 7-8, India is drawing up a list of products on which it can offer duty concessions.
The government recognises the fact that a good performance in exports is important for the GDP to show robust growth.
FDI equity inflows into India rose 28% from US$ 12.7 billion in the first quarter of the previous financial year to US$ 16.3 billion in the first quarter of 2019-20, with Singapore (US$ 5.3 billion) & Mauritius (US$ 4.6 billion) being the top contributors.
As many as 918 million transactions worth Rs 1.54 lakh crore were processed on the interoperable digital payments channel.
Credit disbursals by non-banking finance companies slid by 28% to Rs 1.79 lakh crore at the end of June versus Rs 2.49 lakh crore at the end of March.
The mounting pressure on the growth of economies around the world due to the repercussions of proposed Brexit and trade war between US & China has put the onus of driving growth on shoppers around the world.
Exports to major markets like China have declined by 50 per cent and Bangladesh by 38 per cent and Korea by 45 per cent.
This move comes a month after Pakistan had decided to suspend bilateral trade with India after India revoked Article 370 (which gave special status to Jammu and Kashmir) of its Constitution.
A recent Deloitte-IMI report has suggested measures like eradication of piracy and strict enforcement of laws against copyright infringements, music centric grants, and export schemes to promote the Indian music industry.
The depreciation of rupee coupled with expectations of deeper rate cuts from US Federal Reserve has set the prices of gold & silver in India souring.
A joint study titled 'Bolstering ARCs' by Assocham-Crisil, has predicted that gross bad loans of the country’s banks are expected to come down marginally to Rs 9.1 lakh crore by the end of the current financial year.
Prime Minister Narendra Modi is all set to attend the 5th Eastern Economic Forum in Vladivostoc, Russia, as the chief guest between September 4 & September 6.
Chile wants to explore avenues to increase knowledge sharing with India w.r.t. each other’s production structures, & to identify value chains.
The UBS India Financial Conditions Index points out that the country’s growth may have reached a trough in the June 2019 quarter.
The government has again permitted gold and silver jewellery exporters to replenish the precious metal duty free after selling it at global exhibitions.