Economy

Tata-Castrol partnership Tata Motors’ Guenter Butschek and Mandhir Singh, CEO, BP Lubricants with signed documents for strategic partnership. #Tata Motors and #Castrol have signed a three-year strategic partnership agreement for supply of Commercial Vehicle Oils to Tata Motors’ vehicles in...

Industry welcomes rate cuts   The industry has welcomed rate cuts announced by banks as it would give a leg up to both consumption and investment demand in the country. The #State Bank of India (SBI) slashed the marginal cost...

DBS' focus on India The #Development Bank of Singapore (#DBS) sees India as a key area to focus on this year, while anticipating uncertainties from the slowed down global growths. Outlining prospects, opportunities and challenges, DBS chief executive officer #Piyush...

NRIs to lead INDIAINx trading Non-resident Indians (NRIs) will lead trading on the #Indian International Exchange (INDIAINx), which will be launched by #Prime Minister Narendra Modi on January 9, 2017 at the #Gujarat International Finance-Tec (GIFT) City. INDIAINx, a subsidiary...

Economy consolidates The Indian Economy continues to consolidate the gains achieved in restoring macro-economic stability in the financial year 2016-17, said the #Finance Ministry. Despite the continuing global sluggishness and recent pick-up in petroleum prices, the economic growth has continued...

Third DTAA Protocol amended Source: Singapore Tourism Board. #India and #Singapore have signed a Third Protocol for Amending the #Double Taxation Avoidance Agreement (DTAA). The DTAA has been amended for the avoidance of double taxation and prevention of fiscal evasion...

DTAA talks Singapore's #Deputy Prime Minister Tharman Shanmugaratnam will hold talks with #Finance Minister Arun Jaitley in New Delhi on December 30 to modify the bilateral #Double Taxation Avoidance Agreement (DTAA) to take bilateral economic ties to the next level,...

Corporate Affairs Following are the major Policy Initiatives and Achievements of the Ministry of Corporate Affairs during the Year-2016 to improve business regulation. To review the Companies Act, 2013 based on implementation experience in line with changing economic environment and...

Think out of box Jaitley chairing the Pre-Budget Consultative Meeting with the “Banks and Financial Institutions” Group, in New Delhi on December 20, 2016.   #Finance Minister Arun Jaitley has told banks and financial institutions to think out of the...

Speed up reforms   Nodal Departments have been identified for the reform process to improve India’s ranking in the #World Bank’s report on Ease of Doing Business. The departments agreed to implement the suggested reforms from January, 2017. The departments...