Banking & Finance

India-UK GGEF on the anvil The National Investment and Infrastructure Fund (NIIF) has made its First investment on 22 Jan 2018, partnering with DP World to create an investment platform for ports, terminals, transportation and logistics businesses in India, said...

VP Naidu calls for land policy reforms The Vice President, M. Venkaiah Naidu delivering the 14th Dr. V.K.R.V. Rao Memorial Lecture, at the Institute for Social and Economic Change, in Bengaluru on 19 Jan 2018. Indian must strengthen the ecosystem...

Interlinking river projects to tap foreign funding Gadkari addressing the Interlinking River Water meeting. The state governments have been urged to explore new financing models including low-interest loans from foreign agencies for interlinking river projects. Making the call, Water Resources,...

Tenders called for Rs.16,000 crore projects   More than Rs.1 lakh crore worth of projects are being readied for tendering as part of India's mega urbanization programme, said Minister of State for Housing & Urban Affairs, Hardeep S. Puri in...

MSMEs urged to bring down costs   Commerce Secretary, Rita A. Teaotia, has expressed concern about a pressing need for India to devise the kind of policy framework needed to address issues of finance to exports. “We need to actually...

DBS sees over 7% growth in FY2019 There are encouraging signs that India’s economic and investment growths have bottomed out and a gradual recovery is underway, said Singapore banking group DBS in its economic report on 12 Jan 2018. Investment...

100% FDI in single brand retail and construction The Union Cabinet has approved to a number of amendments in the Foreign Direct Investment (FDI) Policy, liberalizing and simplifying so as to provide ease of doing business in the country. In...

Technology required to store green energy Source: Tata Power. India’s power sector, with 41.81 gigawatt of under severe financial stress, are hopeful of growth drivers including the Railways and villages yet to receive electricity. The sector’s hope lies in Railways,...

Dynamics to set up card-facility in India IndusInd Bank and Dynamics Inc plans to introduce the first battery-powered, interactive payment cards to the Indian market this year. The new IndusInd Bank card from Dynamics has multiple buttons that let the...

CII raises concern that practical and procedural challenges With the National Anti-Profiteering Authority being established, the Confederation of Indian Industry (CII) has called for greater clarity in rules to curb price increase arising from Goods and Services Tax (GST). Practical...