Facing the twin task of fighting the coronavirus pandemic today and building a better tomorrow, the world is experiencing a new Bretton Woods moment, IMF managing director Kristalina Georgieva said
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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.
Ahead of Russian Prime Minister Mikhail Fradkov's visit to India, which will focus on enhancing economic cooperation between the two countries, Moscow on Monday said bilateral trade can increase up $8-10 billion in the next five years.
E-commerce giants such as Amazon, Netflix and Flipkart, whose headquarters are not in India, potentially have to pay the additional levy of 2 per cent from April 1.
Regretting that over 90 per cent of requirements of South Asian countries were still sourced from outside the region, India on Monday asked SAARC nations to build a strong framework of regional economic cooperation, which should be "workable" and "pr
In an address at the Council of Heads of Government meeting of the eight-member SCO, Vice President Venkaiah Naidu said the most important challenge faced by the region is terrorism, particularly cross-border terrorism, and that India remained concerned about threats emerging from ungoverned spaces as well.
The major thrust is towards Technical and Economic Cooperation.
OECD wants India to reduce trade and FDI barriers, and issue more banking licences.
Indian banks operating there are required to meet very high qualifying standards in order to do business.
Pakistan should fully implement the roadmap for normalising economic cooperation with India, including granting it the Most Favoured Nation-status, Indian High Commissioner Sharat Sabharwal has said.
The decision was taken just a day before the Army squad was set to travel to Pune, where the drill will commence on Monday, the Kathmandu Post reported.
'They are aware that they have been unable to bring about any change in the security situation in Kashmir and have failed to internationalise the Kashmir issue.'
In a bid to further boost the growing bilateral trade, Sri Lanka is seeking to upgrade its free trade agreement with India to include services and investments, officials said in Colombo.
Pakistan and China on Monday signed an agreement to hand over control of the strategic Gwadar deep sea port to a Chinese company, with President Asif Ali Zardari saying the move would give new impetus to bilateral relations and economic cooperation.
Luxembourg on Monday said it would increase capital flows into India via its investments funds by setting up a legal framework and was working towards increased bilateral trade and other areas for economic cooperation.\n\n\n\n
It says that growth outlook for most countries is improving lead by US and UK.
On the lingering Tamil issue, Modi said he was confident that the Sri Lankan government will carry forward the reconciliation process and fulfil the aspirations of the Tamil community.
The World Bank's executive board unanimously selected 63-year-old Malpass, who is currently Under Secretary of Treasury for International Affairs, as the bank's 13th President for a five-year term beginning April 9.
Modi, in a statement before his two-day visit to Bishkek from June 13-14, said that on the sidelines of the SCO Summit, he also plans to meet several leaders, including Russian President Vladimir Putin and Chinese President Xi Jinping.
India and Singapore will hold bilateral talks on a comprehensive economic cooperation agreement after completion of a joint study on free trade, Singapore President S R Nathan indicated on Monday. \n\n
Under Secretary of State for Economic Growth, Energy and the Environment Robert Hormats will travel to India from January 26 to 31, an official announcement said on Thursday.
Chinese President Xi Jinping pledged on Thursday to give Indian companies and products - especially including those made by the pharmaceutical, farming and fuel industries - greater access to Chinese markets.
Leveraging Indo-Asean trade talks means a stronger Look East policy.
According to Organisation for Economic Cooperation and Development's report on gender and employment, there is a worldwide increase in women's participation in the labour force but considerable gaps remain in working hours, conditions of employment and earnings.
China should not feel cornered by a raft of geopolitical moves by the US and Japan against it by forging closer ties with India, Russia and others in the region and Beijing should focus on becoming a strong economic and military power, a state-run daily said on Thursday.
Prime Minister Manmohan Singh on Tuesday night returned home from Cambodia after attending the ASEAN and East Asia Summits which provided India with an opportunity to enhance its economic cooperation with the region amid lingering financial crisis in the West.
Though the countries are lowering international trade restrictions, there is still fear that they may resort to policies that discriminate foreign investors due to weak economic recovery.
Seeking to further enhance trade ties, India on Tuesday said it looked forward to the early conclusion of the Comprehensive Economic Cooperation Agreement with Singapore.
However, the countries did not take up the issue of proposed withdrawal of export incentives by the US to Indian exporters under Generalized System of Preference.
Saturday would mark the completion of a year of history being made in India-Pakistan trade relations.
The biggest challenge for workers across the world is to find a perfect balance between work and life.
India and Indonesia today agreed to fast track the ongoing negotiations for early conclusion of the proposed comprehensive market opening pact, aimed at enhancing bilateral economic engagement between the countries.
While China's economy may very well outrace the combined euro zone by the end of this year, India is likely to jump over Japan's economy, according to a latest report by the Organization for Economic Cooperation and Development (OECD).
Prime Minister Manmohan Singh on Sunday left for Cambodia to attend the ASEAN and East Asia Summits which will provide an opportunity for India to enhance its economic cooperation against the backdrop of crisis in the western world.
The agreement, convention on mutual administrative assistance in tax matters, is a multilateral agreement of 31 other nations.
Pak claimed that the Indian Prime Minister's 'internal politics' do not permit him to extend an invitation to his Pakistani counterpart.
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