Economy

There is a temporary reprieve from global risk-off catalysts (oil and dollar), but developments are still fluid as we head into 2019, writes Radhika Rao, DBS’ Economist for India, Thailand & Eurozone.

A World Bank loan of US$200 million is supporting the Ministry of Micro, Small and Medium Enterprises' Rs.2,200 crore implementation of Technology Centre Systems Programme (TCSP) for over 63 million MSMEs in the country.

Finance Minister Arun Jaitley is confident that if the current growth rate is maintained and if India’s global position is retained, the economy will be able to get out of the range of 7-8% growth.

OSI Systems, Inc. announces that its Chairman and Chief Executive Officer, Deepak Chopra, to the U.S. Section of the U.S. – India CEO Forum.

Capital expenditure is likely to slow down due to economic uncertainties in India which goes into an unpredictable General Elections by May next year.

A government-appointed committee has recommended high speed multi modal connectivity, business services and utility infrastructure in re-designing Special Economic Zones (SEZs).

The Federation of Indian Chambers of Commerce and Industry (FICCI) has welcomed the appointment Shaktikanta Das as governor of Reserve Bank of India, saying he has 360-degree understanding of the financial issues facing the Indian economy.

The Commerce and Industry Ministry is creating an action-oriented plan which will highlight specific sector level interventions to bolster India’s march towards becoming a US$5 trillion economy before 2025.

Search is on for the next governor of Reserve Bank of India (RBI) who will have to mend fences with the Central Government over serious financial matters and maintain independence of the central bank.

The Asian Development Bank (ADB) is funding a project to improve the tourism infrastructure in Tamil Nadu which includes preserving the natural and cultural heritage.