Maharashtra Chief Minister Eknath Shinde on Wednesday said Memorandums of Understanding worth Rs 1.37 lakh crore have been signed at the World Economic Forum (WEF) annual meeting in Davos in Switzerland and termed it as a "big achievement". This will generate employment for one lakh people, said Shinde, who was in Davos to seek investments in Maharashtra. "The MoUs will not remain just on paper," he said, adding that foreign investors have shown trust and faith in the state government.
In recent years India-Japan relations have acquired rich economic content and strategic intents. Although the bilateral trade at $18 billion between the two countries is not very impressive and leaves much to be desired, the economic engagement between the two countries is both qualitatively and quantitatively noteworthy. India-Japan defence cooperation, however, has generated a lot interest among the strategic community in the context of rise of China. There has been a lot of speculation about India-Japan strategic partnership to hedge China, says Rup Narayan Das.
On his maiden visit to Beijing, Pakistan Prime Minister Shehbaz Sharif held talks with Chinese President Xi Jinping during which the two leaders agreed to strengthen the all-weather friendship and the USD 60 billion China-Pakistan Economic Corridor (CPEC).
The Islamabad Declaration was issued at the conclusion of the 48th session of the foreign minister of the Organisation of Islamic Cooperation which was attended by the ministers and delegates from 57 Muslim states and international organisations.
The readings, for the month of October, are based on Composite Leading Indicator that are designed to anticipate turning points in economic activity relative to trend.
The Singapore Minister applauded Prime Minister Modi's effort to make India the manufacturing hub of the world.
Religious leaders come last, with corporations featuring slightly better
India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries.
'The future of BRICS is under stress as Chinese attempts to expand the platform are being resisted by India and Brazil.' 'Beijing is focused on a quick expansion with the aim of giving the platform a distinctly anti-Western orientation, which New Delhi and Brasilia seem to have no interest in,' notes Harsh V Pant.
Crypto exchanges have been asked to furnish details this month itself.
The PM said a woman's power today underlined inner fortitude and self-confidence, which made her self-reliant.
The port is likely to ramp up trade between India, Afghanistan and Iran in the wake of Pakistan denying transit access to New Delhi for trade with the two countries.
India's economic growth is gaining momentum, Paris-based think tank OECD said on Monday amid the new government initiating various measures to bolster the economy.
Prime Minister Narendra Modi is expected to pitch for a united global approach in dealing with the situation in Afghanistan and combating challenges of climate change and the coronavirus pandemic at the two-day G-20 Summit in Italy beginning October 30, people familiar with the development said on Sunday.
Indian economy is witnessing stable growth momentum, says OECD.
Pant, a 1991-batch Indian Administrative Service officer of Rajasthan cadre, is currently secretary in the ministry of ports, shipping and waterways.
The latest reading from the Organisation for Economic Cooperation and Development comes amid rising concerns about India's growth prospects on account of the falling rupee and relatively sluggish investments.
A day after joining the OECD-G20 framework for global minimum tax, the finance ministry on Friday said some significant issues including share of profit allocation and scope of subject to tax rules are yet to be addressed and a 'consensus agreement' is expected by October after working out the technical details of the proposal. Total 130 countries on Thursday agreed to a overhaul of global tax norms to ensure that multinationals pay taxes wherever they operate and at a minimum 15 per cent rate. India is in favour of a consensus solution which is simple to implement and simple to comply.
The most immediate challenge for growth is the disruption of the global economy brought about by the Ukraine war and related sanctions, the Covid shutdowns in China and the rising tide of inflation, points out Nitin Desai.
"Karnataka has always forged inclusive economic development and we must not allow such communal exclusion- If ITBT became communal it would destroy our global leadership. @BSBommai please resolve this growing religious divide," Mazumdar-Shaw said.
Patel's elevation and his subsequent projection as chief ministerial face -- he is the first from the Kadva Patidar sub-group to be the chief minister -- is key to BJP's plans to woo the Kadva Patidar community, which some political observers feel, has drifted away from the party.
China became the 56th signatory to the agreement by signing the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. With this all the G20 nations, including India, have become official partners to combat the menace of tax crimes and evasion across international borders.
Reconstruction efforts after the Russia-Ukraine war will be dominated by the heft of the membership of major nations across international organisations. India is hamstrung because it does not play host to any major global institution nor does it hold positions of significant influence in the ones in which it has membership. As a result, the world's sixth largest economy is obliged to follow the rules set by most of them.
In his address at an extraordinary video conference of the G-20 leaders, Modi also urged the grouping to come out with a concrete action plan to fight the pandemic and said human beings rather than economic targets should be put at the centre of its vision for global prosperity and cooperation.
After two decades, the SCO appears to be at a cross-roads with the US withdrawal from Afghanistan, asserts Srikanth Kondapalli, the leading China expert.
'While many Chinese policy makers dismiss the political, economic and technological component of US-India relations, they express caution on the defence-related ties which also happens to be a major driver in US-India relations,' explains China expert Srikanth Kondapalli.
Farmer leader Abhimanyu Kohar said the government has also made some corporate people members of the MSP panel.
A dedicated party worker, who made his way up in the state politics from the municipality level, Patel was a surprise choice for the top post when the BJP decided to effect a regime change, replacing the entire ministry a year before the elections.
No process can offer a panacea for ethnic conflict, but there are times at which a legal process could work to defuse violence, asserts Supreme Court lawyer Devvrat.
India and a large number of other countries, including Switzerland, have adopted a global declaration for automatic exchange of tax information under auspices of OECD.
India has already signed the OECD's global standard for automatic exchange of information between tax authorities two years back and once the new format is implemented, the country will follow the new protocols envisaged in it.
Only India is anticipated to witness better growth momentum among the BRIC bloc
The Organisation for Economic Cooperation and Development is a grouping of 34 countries.
Taiwan considers itself a sovereign state -- but China views the self-ruled island as a breakaway province. Beijing has not ruled out the possible use of force to achieve unification.
The members of Association of Southeast Asian Nations are Indonesia, Malaysia, the Philippines, Thailand, Vietnam, Brunei Darussalam, Singapore, Cambodia, Lao PDR and Myanmar.
The estimates are for a group of 33 nations, including the US and Spain; the number represents 1 in 3 of unemployed people
While the Reserve Bank and the Economic Survey of the finance ministry have projected India to grow at 6.9 per cent and 6.5 per cent in current fiscal, the International Monetary Fund estimates it to be 6.6 per cent.
Pak claimed that the Indian Prime Minister's 'internal politics' do not permit him to extend an invitation to his Pakistani counterpart.
He said countries should work for promoting open and inclusive cooperation for win-win outcomes.
Doval said it is time for closer consultations, greater cooperation and coordination among the regional countries to deal with the challenges emanating from Afghanistan.
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