The global economy is expected to sharply decelerate to 1.5 per cent next year from 2.9 per cent in the current year due to the worsening downturn caused largely by the financial crisis in the United States, the United Nations agency for trade and development said on Wednesday.
Flight of high-paying banking jobs to other European cities will hurt the prospects of Indian real estate developers and desis in the hospitality business in the UK, says Kunal Bose.
'IPOs not clicking is cause for worry,' says Sebi chairman.
Another 3,143 new cases of infection were reported, which took to 31,161 the total number of confirmed cases of novel coronavirus infection from 31 provincial-level regions.
Thailand expressed interest in the Indian defence industry and its experience and expertise in the field of defence R&D and production. Modi welcomed Thai investments in India in the potential areas under the 'Make in India' initiative, especially in the manufacturing sector, infrastructure development, tourism and hospitality facilities.
'The entire value of LIC is created by its shareholders because after the initial invest net of Rs 5 crores in 1956, the government has not given any additional capital to the LIC.' 'If the corporation has expanded and emerged as the biggest financial institution in the country, it is only because of the policyholders.'
Addressing the members of the House, Singh said agriculture is a state subject but the Centre ignored it. "I find it very strange what the government of India wants to do," he said.
In its new avatar as the Department for Promotion of Industry and Internal Trade (DPIIT), it will directly be responsible for 'the welfare of traders and their employees'.
FPIs would be classified into two categories instead of three, while the requirements for issuance and subscription of offshore derivative instruments would be rationalised.
Reliance Infrastructure is fully geared to deliver the project in 60 months from the appointed date of June 24, 2019, as per the contract, Reliance Infrastructure said in a BSE filing.
Strengthening the portfolios of the home minister and the finance minister is a message that should not be missed, points out A K Bhattacharya.
Medical experts have warned that the volume of vaccine available to fight the coronavirus or SARS-CoV-2 in coming years is expected to fall far short of global demand, despite an unprecedented effort to manufacture billions of doses.
The Taliban knows that Washington holds the key, points out Ambassador M K Bhadrakumar.
Capping a three-week-long high-voltage intense power struggle triggered by a raft of resignations by rebel lawmakers that pushed the government to the brink of collapse, the motion in the Karnataka Assembly was defeated with 99 members voting for the motion and 105 against it.
'We are in close touch with Indian officials at all levels. We are also closely coordinating with our allies, friends, and Quad partners about how we can collectively support India in its hour of need,' a senior Biden administration official told reporters
Mr Prabhu has a big challenge ahead in implementing trade reforms to regain the lost export momentum, says Jayanta Roy.
The prime minister started off his remarks at the meeting in Tamil, welcoming China to the talks, which were held right after one-on-one discussions between Modi and Xi at the Taj Fisherman's Cove Hotel.
The proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020, that are envisioned to protect consumer interests, may further compound the impact of multiplicity of regulations on the e-commerce sector, the Indo-American Chamber of Commerce (IACC) had told the ministry of consumer affairs. IACC, the apex bilateral chamber for Indo-US business, had told the government that the proposed amendments would increase compliance liabilities that risk severely impairing the growth of the sector.
The ministry of home affairs has received more than 20 proposals for foreign direct investment (FDI), including from China and Hong Kong, requiring security clearance between April and May. 'We are vetting some of these proposals which have come from various sectors. One of the applications is from a well known start-up,' an official said. 'We await inputs from Research and Analysis Wing, intelligence agencies, external affairs ministry, and embassies.'
Being organised by the US Department of Commerce, International Trade Administration, US and Foreign Commercial Service, in partnership with the US Department of Energy and US Agency for International Development, the Energy Efficiency Trade Mission would travel to New Delhi, Mumbai and Chennai from November 16 to 20.
Taking part in the first meeting of Foreign Ministers of the neighbouring countries on Afghanistan, Foreign Minister Wang Yi said China will provide Afghanistan with 200 million yuan ($31 million) worth of grains, winter supplies, vaccines and medicines as per its requirements, official media in Beijing reported.
At the end of October, Sri Lanka President Maithripala Sirisena handed over the deeds for the transfer of 116 hectares in Colombo Port City to China Harbour Engineering Company on a 99-year lease to build a financial centre.
India said a new mechanism will be set up for issues relating to trade and investment.
Insolvency and Bankruptcy Code bound stocks have witnessed a steep fall in 2018.
China is engaged in hotly contested territorial disputes in the South and East China Seas. Beijing has also made substantial progress in militarising its man-made islands in the past few years, which it says it has the right to defend.
FAA had downgraded India's safety ranking from category-II from -I after an audit revealed deficiencies in regulatory oversight.
One smells a rat when cases are settled for too small a price offered either by the highest bidder or the promoter -- within and outside the legal ambit of insolvency process, observes Tamal Bandyopadhyay.
The Enforcement Directorate on Tuesday arrested Financial Technologies India Limited founder Jignesh Shah in connection with its probe into the Rs 5,600-crore National Spot Exchange Limited money laundering scam.
Talks between Chinese Vice Foreign Minister Xie Feng and US Deputy Secretary of State Wendy Sherman to improve the relations got off on a rough note at the northeastern Chinese port city of Tianjin, with Xie launching a blistering attack on Washington, accusing it of being the "owner of coercive diplomacy".
Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a still strong medium-term growth outlook compared with similar category peers and relative external resilience stemming from solid foreign-reserve buffers against high public debt, a weak financial sector and some lagging structural factors, including governance indicators and GDP per capita.
'India is possibly the most fiscally constrained market in the region.'
The new rail and road cargo service launched on Friday, linking Guangdong, Tibet and Nepal, aims to boost trade with the South Asian neighbour as China pushes forward its Belt and Road (Silk Road) initiative, state-run Xinhua news agency reported on Saturday.
For the current fiscal which ends on March 31, it put the real GDP estimate at 5 per cent. It estimated a 7 per cent growth in 2022-23 and 2023-24 fiscal years. The inflation rate was seen moderating to 4.4 per cent in the next fiscal from 4.7 per cent in the current.
Govt will continue to oppose Greenpeace activist Priya Pillai's 'badmouthing' India.
Waze's letter claimed that in January 2021, another state minister Anil Parab asked him to look into an inquiry against "fraudulent" contractors listed in the BMC and collectat least Rs 2 crore from about 50 such contractors.
While the likes of senior Indian American officials in the Barack Obama administration -- namely Administrator of United States Agency for International Development Dr Rajiv Shah and Chief US Agricultural Negotiator in the Office of the US Trade Representative Islam 'Isi' Siddiqui -- enjoy a major public profile, there are others who have been flying under the radar but are rising stars nonetheless.
We have our own problems for sure and they are not trivial, but for now, our economy is in not too bad a shape, our politics is as personality-driven and authoritarian as that of most countries in the world. We must make the best of what we have and not be excessively unhappy looking at the grass on the other side of the septic tank which may not be greener after all!, observes Shreekant Sambrani.
Kiran Vissa, co-convenor of National Alliance for Sustainable Agriculture, said that amendments to the EC Act have nothing to do with farmers' welfare but instead meant to please big players and agriculture companies. This is because small and marginal farmers don't have the storage capacity to attract provisions of the EC Act.
'When bankers are hounded by investigative agencies for credit decisions going wrong and defaulters are treated like outcasts, who will borrow money and who will lend?' asks Tamal Bandyopadhyay.
Modi said during the Congress-led regimes, terror attacks and bomb blasts would take place in Mumbai 'any time' and its coastline had become 'entry point' for terrorists.
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