Gold loan companies offer loans to financially-excluded customers and MSMEs by enabling them to monetise their gold without the need for documentary proof of income
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.
IThe fiscal deficit target for 2020-2021 was originally set at 3.5 per cent of GDP. But the government's revenues have collapsed and its expenditure burden will only increase over the Budget estimates.' With the government having already planned for an additional borrowing of over Rs 4 trillion, the fiscal deficit for the current year would be much higher than the Budget estimate, notes A K Bhattacharya.
GIFT city has two components of development - domestic financial centre and international financial services centre.
Trading in other derivative products in currency, commodities expected to begin soon.
The Gujarat International Finance Tec-City project in near-coma It was once seen as Gujarat Chief Minister Narendra Modi's reply to then counterpart Vilasrao Deshmukh's plans for a finance city in Mumbai.
Patra, as executive director of the central bank, was the principal advisor to the Monetary Policy Department since July 2012.
The new exchange will also help global companies raise finance from other overseas investors.
'China's investment destination image the world over has taken a beating, therefore investors feel India is a safe haven for investments.' 'FDI is at an all-time high in India.' 'Now after such poor ratings, this FDI amount will fall.' 'Therefore, I am saying these things are happening at China's behest.'
Citigroup and the International Finance Corporation will be launching a funding tie-up worth $1.25 billion, aimed at boosting global trade flows, says a media report. As per the deal, Citi would provide $750 million to banks in Asia, the Middle East, Africa and Latin America over a three-year period, it added.
Delhi Metro, Yamuna-expressway and Tata Power's Mundra ultra mega power project in Gujarat are among the six ventures that have figured in the list of world's most innovative, impactful infrastructure projects prepared by international accounting firm KPMG.
The project will see remote management of all the utilities from a single city command.
Standard Chartered Bank is setting up an international banking unit primarily to look after Indian company requirements. The bank is looking for a $2-billion loan book in the first five years of business.
During that period, the World Bank Group's private sector arm, IFC, committed $1.2 billion in India.
'Pakistan is determined to garner the peace dividends.' 'On the diplomatic front, this will be, principally, in terms of a revival of Pakistan's relations with the US,' notes Ambassador M K Bhadrakumar.
Bandhan Bank has filed a draft red herring prospectus with Sebi for an IPO of up to 119 million equity shares, with face value of Rs 10 each.
Vajpayee had always felt that India must act with conviction and panache. He decided that, irrespective of the attendant risks, he would undertake what many felt was a precarious course. A fascinating excerpt from N K Singh's Portraits Of Power: Half A Century Of Being At Ringside on Atalji's 96th birthday, December 25.
Identifying India as one of the five fragile economies of the world, Chief Economist at the Institute for International Finance, has predicted an uncertain outlook for its future in view of the next year's general elections.
Some of projects, especially in infrastructure, have seen quite a few unexpected delays.
Though startups find 17 mentions in the Budget speech of the finance minister, and have been promised tax exemptions, the reality is that only 2 per cent of the 4,648 applications received from startups for income tax exemption had been approved as of February 2019, according to an answer to a Parliament question. As India's startup space bubbles with activity - new, young players are tapping into opportunities opening up - there are local anti-portfolio stories circulating about investors missing opportunities in 'unicorns', or companies that have reached valuation of $ 1 billion, says Vandana Gombar.
The company will use the proceeds to fund its expansion plan and repay debt.
Valued at $5 billion, Byju's has seen growth sky rocket in the last two years on the back of mega VC top-ups.
Company says no dispute with labour union but would address any shortcoming if brought to its notice.
GIFT is a financial centre almost entirely devoid of bankers and, indeed, of people.
The main difference of opinion between RBI and FinMin is over the transfer of the RBI's 'excess' capital reserves. The Jalan panel seeks to convince finance secretary Subhash Garg to soften his dissent note language. The move is aimed at maintaining the now-cordial relations between the RBI and the finance ministry.
Apollo Hospitals group is open to investing in health care start-ups says its director Sangita Reddy.
India on Thursday unleashed a second wave of reforms deciding to open the pension sector to foreign investment and raising the foreign direct investment cap in insurance to 49 per cent, undeterred by opposition to its decisions on FDI in retail and threats to block these legislations.
Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.
The state government, through its various undertakings, has launched infrastructure development projects worth Rs 1.03 lakh crore (Rs 1.03 trillion) in Mumbai and surrounding areas.
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
A megacity is a metropolitan area with a total population of over 10 million people.
Even though emerging markets generally do not have the level of market efficiency and strict standards, they are most sought after by investors.
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
Gujarat Chief Minister Narendra Modi was the Chief Guest at the event.
The government proposes to divest 76 per cent of Air India, along with its shareholding in Air India Express and its ground-handling subsidiary, AISATS.
Two corporate heads, Vikram Pandit and Mukesh Ambani, on Friday predicted great things about India's growth story. Particularly, the recent stress on inclusive growth.
BPCL and ONGC raised $4.9 billion in 2016-17 against $1.65 billion raised by Reliance
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