If we really want to curb the further depreciation of the rupee and make the rupee appreciate, we want to come out of the mindset that the exchange rate is merely a number, bring policy corrections to help reduce the outflow of foreign exchange by imposing suitable tariffs to discourage imports and bring self reliance, discipline FPIs, and correcting rules governing royalty outflows, suggests Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.
Maharashtra has bagged investments worth around Rs 45,900 crore on the first day of the Annual Conference of World Economic Forum underway in Davos, Switzerland, said state Industries Minister Uday Samant. This investment is likely to create direct employment for at least 10,000 people in the state, said Samant on Monday. "Chief Minister Eknath Shinde has arrived at Davos today (Monday) for the international conference of the World Economic Forum and he visited the Maharashtra Pavilion prepared at Davos.
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
The current global financial crisis dominated the India Economic Summit's (IES) pre-event conference. The three-day event, being organised jointly by the World Economic Forum (WEF) and Confederation of Indian Industry (CII) from Saturday, would make its debut in this city after 26 years. The summit, an annual event, is usually held in New Delhi.
Budget forces last minute change in finance minister's plans.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
The war in Ukraine has made its presence felt at the World Economic Forum's annual meeting in Davos. As political and business leaders' debate, they remain fearful of Europe's economic future. There is a sense of gloom among many business leaders as energy shortage and economic recession rear their heads. Global investors are keenly assessing the presence of Indian delegation at Davos.
The superstar received the World Economic Forum's prestigious Crystal Award in Davos.
Going beyond the annual WEF Summit...
IMF Chief Economist Gita Gopinath also said the pickup in global growth for 2020 remains highly uncertain as it relies on improved growth outcomes for stressed economies like Argentina, Iran, and Turkey and for under-performing emerging and developing economies such as Brazil, India, and Mexico.
India must carry on structural reforms, the finance minister said.
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A team from Serbia had participated in the Vibrant Gujarat Summit in 2013, and that country is participating in this year's summit as well.
A city like Davos in India would give a big boost to tourism, development, jobs and overall economy
