Economy

Approved CBM pricing freedom The #Cabinet Committee on Economic Affairs has given approval for marketing and pricing freedom to the #Coal Bed Methane (CBM) Contractors to sell the gas at “Arm's Length Price” in the domestic market. While discovering the...

India-Africa business partnership President Parnab Mukherjee addressing the India-Africa business partnership conclave. Renewable energy, drugs and pharmaceuticals and healthcare are the most promising areas for India-Africa business partnership, said #Nirmala Sitharaman, #Minister of Commerce and Industry. India has a key...

Indian goods under TIR Convention Approved goods movement under TIR Convention. The #Cabinet has given its approval for India's accession to the #Customs Convention on International Transport of Goods under cover of #TIR Carnets (TIR Convention) and for completion of...

Slow progress of banks India's banking sector will recover only marginally over the next few quarters, according to a report, "Progress Will Be Slow For India's Banks In 2017," by #S&P Global Ratings. "We expect the Indian banking industry's growth...

Further reforms necessary OECD Secretary-General Angel Gurria. Further reforms are now necessary to maintain strong growth and ensure that all Indians benefit from prosperity, according to a new report from the #Organization of Economic Cooperation and Development (OECD). The agency...

Retailers banks on big data Indian retailers are banking on big data to meet the demands of modern-day customers and drive future growth, according to a report released by global management consulting firm #A.T. Kearney and the #Retailers Association of...

SingX remittance platform Garg leads SingX with 25 years of banking experience. Singapore financial technology start-up #SingX Pte Ltd has launched a cheaper, faster and more convenient online remittance platform, starting transaction with India. It charges consumers a fraction of...

Budget highlights Foreign Direct Investment has increased 36 per cent with forex reserves at US$361 billion in January, said Finance Minister Arun Jaitley in presenting Budget 2017-18. Allocation for infrastructure stands at a record Rs 3,96,135 crore in the budget....

Challenges and opportunities #The Economic Survey 2016-17, tabled in the Parliament 31 January 2017, clearly lays out the challenges and opportunities faced by India, said #Pankaj Patel, President of the #Federation of Indian Chambers of Commerce and Industry (FICCI). “The...

Economic Survey 2016-17 The #Economic Survey 2016-17, presented in Parliament 31 Jan 2017, states that the year was marked by two major domestic policy developments-the passage of the Constitutional Amendment, paving the way for implementing the transformational Goods and Services...