Economy

Demonetization: long-run benfits Demonetization, which was announced on November 8, 2016, will see significant benefits in the longer run but it is hurting growth for the short-term, says #Nomura in its global market research report. “In our view, the resultant...

Incorporate via SPICe The #Ministry of Corporate Affairs has introduced a new e-form called Simplified Proforma for Incorporating Company Electronically (#SPICe). Its specific objective is to provide speedy incorporation related services within stipulated time frames which are in line with...

Trump: Advantage India!   Rise of President elect-Donald Trump and what it holds for India? By Girija Pande Chairman Apex Avalon Consulting, Singapore, and co-authored a book on India & China titled ‘Silk Road Rediscovered’. As the world watched in...

Insolvency mechanism The Insolvency Professional Agencies meeting chaired by Jaitley, in New Delhi on November 28, 2016. The government has taken a new initiative by setting-up a modern insolvency mechanism based on the best practices in the world, Union Minister of...

Cities told to go cashless All 4,041 cities/towns, covering about 75% of the total 40 crore urban population in the country, has been told to shift to cashless transactions with Madhya Pradesh committing to do so by March 2017. As...

Banking faces challenges, yet ratings unchanged The economic risks facing financial institutions in India (BBB-/Stable/A-3) have increased amid structural and cyclical challenges that Indian companies face, says a report by S&P Global Ratings. “Reflecting these higher risks, we now apply...

UK pricing pact The Central Board of Direct Taxes (CBDT) signed three (3) Bilateral Advance Pricing Agreements (APAs) in New Delhi on Nov 18, 2016, taking the total number of APAs signed so far to 111. These three (3) Agreements...

Bonds held up well India’s bond markets have held up well compared to the currency and equity markets. The banknote reform has pushed up deposit growth, which in turn has boosted liquidity, says the Development Bank of Singapore (DBS). With...

Status of PTAs/RTAs/FTAs The Department of Commerce said framework is being drafted for a Preferential Trade Agreement (PTA) with Iran, as part of internationalizing Indian trade. India is also negotiating a TEPA (Trade and Economic Partnership Agreement) with European FTA...

2020 Trade Goals The Department of Commerce (DOC) is to make India a major player in the world trade by 2020 and assume a role of leadership in the international trade organizations commensurate with India’s growing importance. DOC’s goal is...