Economy

The 25 bps increase in the repo rate announced on 1 Aug 2018, the third bi-monthly monetary policy, was in line with our expectations, writes Anuj Puri, Chairman - ANAROCK Property Consultants.

The Cabinet has approved the first extension of Concessional Financing Scheme (CFS) to support Indian Entities bidding for strategically important infrastructure projects abroad.

Indo-German Government to Government Umbrella Agreements for Euro 653.7 Million (approx. Rs. 5253 crore) on Financial Cooperation and Technical Cooperation 2017 were signed in New Delhi on 1 August 2018.

The digital payments market is expected to grow to US$1 trillion by 2023 led by growth in mobile payments, presenting huge business opportunities for players in the digital space, said an industry report.

IDEMIA, from Colombes, France, said it is the first and, to date, only one to be certified to manufacture and personalise RuPay chip contact and contactless cards, on the qSPARC v2 platform.

Indian corporations have a big advantage in adopting digital technologies at a faster pace and cost-effectively, given that most of the globally applicable innovations and solutions are coming out of labs based in the country.

Expenditure on investment in logistics, including infrastructure, will touch US$500 billion, annually, by 2025, said Commerce and Industry Minister Suresh Prabhu in New Delhi on 30 July 2018.

The Singapore Indian Chamber of Commerce and Industry (SICCI) is aiming to have more Singapore companies participate in India’s industrial development through collaboration with the Confederation of Indian Industry (CII).

The Prime Minister, Narendra Modi, said Rs.7,000 crore projects have been completed and Rs.52,000 crore projects are under implementation under the Smart City Mission.

Miracles have been known to happen when a chequebook lies on the negotiation table for a home deal, but wait for optimal property prices, writes Anuj Puri, Chairman – ANAROCK Property Consultants.