Economy

Indian-African partnership based on cooperation model. PM Modi with African delegates on 23 May 2017. Source: PIB. Prime Minister Narendra Modi has given a clarion call for further strengthening of the cooperation between India and African countries at the opening...

87 businesses have undergone reforms. Like tourism, India is also a favourite FDI destination. The path breaking reform measures undertaken during the last financial year have resulted in India receiving US$60.08 billion in foreign direct investment during 2016-17. It was...

New tax system implementation will be challenging. The 14th Goods and Services Tax (GST) Council meeting, chaired by the Union Finance Minister Arun Jaitley has approved GST rates for goods and GST Compensation Cess. The GST Council Meeting was held...

Dubai woos businesses to the Middle East, African markets. More and more Indian companies are heading for listing on the Dubai International Financial Centre (DIFC), a leading hub with business links to the Middle East, Africa and Central Asia. This...

Anomaly in taxation must be corrected, says umbrella body. An Indian industry umbrella body has called on the government to act on smuggling and counterfeiting which severely harms the economy of a country in multi-dimensional ways, and especially ahead of...

Tariff lines increased to 2,829 to boost bilateral trade. Exporters from India and Chile will enjoy advantage of low tariff concessions under the expanded Preferential Trading Agreement(PTA) which covers around 96% of the bilateral trade. The expanded PTA, signed on...

IMF sees reduced funding costs and decline in lending rates. The International Monetary Fund (IMF) says the Indian authorities should remain vigilant to risks of the potential of further buildup of non-performing loans, including among private banks and elevated corporate...

Govt initiatives to boost 8% CAGR growth and exports.   India, which is expected to reach US$5.29 billion by 2018 on CAGR of 8%, is threatening China for title of largest home textile producer, says a report by Toronto-based BizVibe....

NHAI launches masala bond roadshow Gadkari speaking at the launch of NHAI masala bonds in Singapore on 24 April 2017. India has the potential of raising dollar-based funds from international markets based on dollar earnings of port sector, Minister of...

Tech-savvy systems will result in cost savings.   The Prime Minister chairing the 3rd Governing Council Meet of the NITI Aayog, in New Delhi on 23 April 2017. The Prime Minister Narendra Modi has called upon States to use the...