Economy

Re-engineering skill A bright spot in today’s otherwise subdued global economy, India symbolises a remarkable growth story for the world. ‘Skill India’ is one of Prime Minister Narendra Modi’s flagship initiatives aimed at sustaining this growth story and make India...

More E&P entrepreneurs Pradhan wants more E&P entrepreneurial ventures. India wants to bring in more entrepreneurial ventures into the Exploration & Production sector, as well as international investors to industrialize the energy producers. “In line with government’s policy on Maximum...

FICCI-DBS optimistic The Federation of Indian Chambers of Commerce and Industry (FICCI) and the Development Bank of Singapore (DBS) are expecting the Indian economy to perform well this year despite moderate growth in the first quarter. The Gross Domestic Product...

FICCI on GST The Federation of Indian Chambers of Commerce and Industry has made some important submissions on the Goods and Services Tax (GST) to the Empowered Committee of State Finance Ministers on August 30, 2016. These are as follows: 1) Approach to...

Corporate bond collateral In a bid to make corporates less dependent on bank loans, the Reserve Bank of India (RBI) and the securities regulator has taken a step towards deepening India’s corporate bond space, noted the Development Bank of Singapore...

GST: changing cumbersome practice Pritam Banerjee The Indian and international business communities including Deutsche Post DHL Group have welcomed the passage of Goods and Services Tax (GST) bill by Rajya Sabha, or Upper House of parliament, on August 3, 2016....

RBI: Status quo with new governor Dr Patel. The Indian government has voted for status quo, policy continuity and macro-stability with the appointment of a new governor of the Reserve Bank of India (RBI), says the Development Bank of Singapore...

GST challenges Rajya Sabha passed GST bill but sets new tax challenges. A lot of legislative and procedural work is still left to be done before the Goods and Services Tax (GST) rolls out, writes Dr Amitendu Palit. (Dr Amitendu...

Liberty stake at 49% Liberty Mutual Insurance Group has raised its stake to 49 per cent in a non-life insurance joint venture company Liberty Videocon General Insurance Co Ltd as per the government regulation. The transaction was done on August...

Banks tighten credit standards Source: YES Bank Indian banks have tightened their credit standards for large enterprises due to rising Non-Performing Assets (NPAs) and higher sector-specific risk, according to a survey on the first half of this year, said the...