India and Japan on Monday signed seven agreements under which the East Asian economic giant would provide loans worth a total of Rs 8,632 crore (Rs 86.32 billion) for various projects, including the Bangalore Metro Rail Project.
The two leaders shook hands and exchanged pleasantries at the end of the media briefing which was addressed by Chinese President Xi Jinping. China is the host and chair of the SCO.
'The government's principal aim should be to reduce the volume of cash transactions.' 'That would bring more of the Indian economy within the purview of taxation.' 'The current downturn in economic activity due to a lack of adequate cash is likely to be limited to a year,'
Rajan said that central banks should not ignore global responsibilities.
India must break out of this strategic triangulation between China and Pakistan. We need to settle our issues with one of the two, notes Shekhar Gupta.
Sitharaman, who is in Russia on a three-day visit, also met her Chinese counterpart Wei Fenghe on the sidelines of the international security conference.
Richard Clarida's recent paper could be key for policymakers in deciding whether India should move to an 'inflation targeting policy regime', says Vivek Dehejia.
In his opening remarks at a ministerial meeting in Tokyo of the Quadrilateral coalition, also known as 'Quad', External Affairs Minister S Jaishankar said India remained committed to a rules-based world order, respect for territorial integrity and sovereignty, and peaceful resolution of disputes.
As the International Monetary Fund prepares to replace its disgraced former chief, Dominique Strauss-Kahn, women employees have called for a female boss at the helm of the financial institution, a media report said.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
'Breaking down silos and ensuring a more integrated governance process is just as important to performance.' 'It has been a major priority in the last six years, especially in national security,' External Affairs Minister Dr Subrahmanyam Jaishankar points out when delivering the Sardar Patel Memorial Lecture-2020: India and the Post-Covid World.
'India Inc has been afraid to criticise the government of the day for many years now, and it is perhaps unfair to blame the current one alone,' says Shyamal Majumdar.
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Domestic capacity across the eight global markets climbed 6.5 per cent while the seat factor grew by 0.8 percentage points to 83.6 per cent during this period, IATA said.
Secretary of State Mike Pompeo said he was taking action against an unspecified number of Chinese officials, including from the ruling Communist Party, under a US law that calls on China to let Americans visit Tibet.
From the standoff with China to the government's response to the farmers' protest, Defence Minister Rajnath Singh holds a freewheeling talk.
'The Modi regime is not willing to use its huge political capital for taking any economic policy measure that it fears might undermine that political strength, says A K Bhattacharya.
The two countries also decided to expand trade and commercial ties holding that there are opportunities to exploit untapped economic potential in the two countries.
'India is possibly the most fiscally constrained market in the region.'
The temporary disruptions (primarily to private consumption) caused by cash shortages accompanying the currency exchange initiative are expected to gradually dissipate in 2017 as cash shortages ease, the International Monetary Fund said in its regional economic outlook.
Various options, including expanding the scope of some of the existing tools, were being considered to provide a financial safety net.
In remarks titled 'Implement Consensus and Handle Differences Properly to Bring China-India Relations Back on the Right Track' posted on the Chinese embassy website, Sun spoke of disruptions in the bilateral relationship and outlined five steps to clarify 'some fundamental points'.
Engaged in a territorial dispute with China, Japan on Thursday sought to rope in India's support over "the recent Chinese provocative actions" saying a message needs to be sent to it collectively that status quo cannot be changed by force.
Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day.
A top UN body dealing with trade and development issues has recommended "deep and lasting" reforms to avoid a repetition of the current economic downturn.
'He knew that a regime which believes that power flows from the barrel of the gun can only be handled from a position of comprehensive strength and not from a position of vulnerability and weakness,' says Rup Narayan Das.
China's behaviour in the post-pandemic geopolitical landscape which may determine the Quad's future trajectory, notes former foreign secretary Shyam Saran.
The IMF said global growth is projected to reach 3.9 per cent in 2018 and 2019, in line with the forecast of the April 2018 WEO, but the expansion is becoming less even, and risks to the outlook are mounting.
Pakistan International Airlines, heralded by the Pervez Musharraf government as a major success story, may hit a major air pocket with the Karachi Stock Exchange declaring it a 'defaulter,' a media report has said.
The government planned to borrow 10-15 per cent of the total borrowing offshore. That works out to at least Rs 71,000 crore, or about $10.4 billion at Friday's exchange rate.
'What is forgotten but is actually as important for a society's long run success is morality.' 'Morals and trust are the nuts and bolts of an economy.' 'Without those you can get short run success, but not long-run development.'
President Pranab's four-day visit to China that saw him meeting the top Chinese leadership and discussing the sticky boundary issue and cooperation in combating terrorism besides the need for a predictable nuclear regime.
Finance firms in these SEZs likely to get tax breaks.
G20 summit noticeably lacked in responses to illicit financial flows, one of the largest drags on development worldwide
Official sources said the two leaders will meet for around four to six hours for the 'agendaless' talks
In a recent article, Rajan has ridiculed critics of the exchange rate policy.
He said that India will work with Singapore to bring the Regional Comprehensive Economic Partnership to early conclusion. He also said the India-Singapore Comprehensive Economic Cooperation Agreement has been reviewed and the two sides will work to further upgrade it.
The IMF Board of Governors have approved a general allocation of special drawing rights equivalent to $250 billion to provide liquidity to global economic system by supplementing its member countries' foreign exchange reserves.
The Wuhan meetings signify an incremental shift in China's position on India as well as each country buying time for the next phase of bilateral relations, says Srikanth Kondapalli.
The Pakistani PM is now scheduled to travel to Malaysia next week and to China on November 3 to seek financial assistance from the two friendly countries.
Global gold demand hit an 11-year low in 2020 at 3,759.6 tonnes, mainly due to a weak October-December quarter and the COVID-19 related disruptions across the world driving a muted consumer sentiment throughout the year, the World Gold Council (WGC) said in a report. The overall consumer demand during 2019 was at 4,386.4 tonnes, while in 2009 the overall demand was at 3,385.8 tonnes, according the WGC's 2020 Gold Demand Trends report. Global gold demand dropped by 28 per cent year-on-year (YoY) to 783.4 tonnes in the fourth quarter compared to 1,082.9 tonnes during the October-December period of 2019, the report stated.
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