Economy

RoFR licensing a giant step for shipyards, says Mandaviya In a move to build the local shipbuilding industry, the Shipping Ministry has reviewed the ROFR (Right of First Refusal) licensing conditions for chartering of vessels and Ships through the tender...

Tyagi wants a robust corporate bond market India faces the challenge of developing a bond market adequately to achieve the Government’s target of Rs.100 lakh crore investment in infrastructure by 2024-25. “It would be a challenging task to achieve the...

Indian turmeric flavours American foods The United States of America has become the largest goods trading partner of India in the merchandise trade which has been skewed towards services, Sanjay Chadha, Additional Secretary, FT-NAFTA of the Commerce Department. “This (trend)...

Saraf seeks early release of export-supporting schemes The global supply chain has started showing signs of resilience further boosting the Indian economy, going by September 2020 exports, FIEO President Sharad Kumar Saraf noted. Commenting on the improvements in shipments of...

New showroom in Chennai based on BMW Facility NEXT concept BMW Group India is right on track on its dealer network expansion with a resolute focus on strengthening presence in key and emerging markets across India, said Vikram Pawah, President,...

Sitharaman wants to incentivize people to boost demand Finance and Corporate Affairs Minister Nirmala Sitharaman has announced measures of Rs.73,000 crore to stimulate consumer spending in the economy to fight the slowdown due to COVID-19 pandemic following lockdown. While announcing...

RBI’s intent to enhance liquidity noted Banks would be encouraged to lend more to the beleaguered businesses following RBI’s October decision on report rate, hoped ASSOCHAM secretary general Deepak Soods, joining exporters and financial sector leaders welcoming the Reserve Bank...

Fragmented market but $56bn potential The travel service market in India to reach US$56 billion by 2024, progressing at a CAGR of about 19% during the forecast period of 2020-24, according to Technavio. Although the COVID-19 pandemic continues to transform...

New measures include Rs.1 lakh crore for banks India is set for a three-speed economic recovery, depending on sector-specific realities, Reserve Bank of India (RBI) Governor Shaktikanta Das told a press conference on 9 Oct 2020. “In my view, it...

Real estate demand gradually seeing some green shoots The Reserve Bank of India (RBI) has left the rates unchanged and yet delivered an extremely dovish monetary policy by taking measures to keep the risk-free rate low and providing on-tap liquidity,...