Banking & Finance

The growth in July 2019 exports shows resilience of the Indian exporting community even during such tough times and sluggishness in the global economy, said FIEO President Sharad Kumar Saraf.

The Indian real estate stakeholders have downgraded the current period outlook for the ongoing six months to 'Pessimistic', indicating no improvement in the level of on-ground activities for the sector, according to a survey.

Following the Budget 2019-20 announcement, the government has issued a partial credit guarantee for public sector banks to purchase pooled assets of financially sound NBFCs amounting to Rs.1 lakh crore.

DBS Bank India Limited and Social Alpha have announced a strategic partnership on 13 August 2019, aimed at bolstering the growth of social enterprises and supporting innovators through business mentoring and seed capital.

Russia’s Deputy Prime Minister, Yuri Trutnev and Commerce Minister Piyush Goyal have underlined the need to diversify and deepen trade links in priority sectors, in order to meet the trade target of US$30 billion by 2025.

A large number of bankers want the government to address agriculture distress as a top priority by undertaking reforms in the sector and strengthening the agricultural value chain.

Finance Minister Nirmala Sitharaman has discussed stalled projects and liquidity issues with real estate executives on 12 Aug 2019 in New Delhi, taking in a suggestion of a stressed fund, at least of Rs.10,000 crore, for rescuing incomplete projects.

Finance and Corporate Affairs Minister Nirmala Sitharaman has assured that the government intent to reduce corporate taxes and would consider 25% tax on all categories on being comfortable on tax collection.

The Indian face matching and authentication software market is projected to grow to US$4,336 million by 2024, exhibiting a CAGR of 35.9%. It was US$700.6 million in 2018.

Singapore’s sovereign wealth fund GIC and India’s IRB Infrastructure Developers Ltd have signed investment agreements for Rs.4,400 crore (approx. US$624.11 million) to set-up India’s largest private infrastructure investment trust (InvIT), reported Nishith Desai Associates on 9 August 2019.