Economy

In an all-out campaign to capture the global markets, a pilot launch of acceptance of BHIM-UPI based QR payments was demonstrated by carrying out a live transaction at a merchant terminal at Singapore Fintech Festival 2019 on 14 Nov 2019.

Singapore Fintech Association (SFA) and the Federation of Indian Chambers of Commerce and Industry (FICCI) have inked a partnership agreement to share information about FinTech and collaborate on mutually beneficial initiatives that would further the development of the FinTech industry...

The Government seeks to enhance strategic cooperation and develop synergies to strengthen multilateral relationships between all stake holders, tap the potential for services exports and increase FDI inflow through the 5th edition of GES 2019 to be held 26-28 November...

The future of Indian economy is digital, and the country’s digital economy is nearing the critical mass needed for rapid transformation.

Indian High Commissioner Jawed Ashraf sees enormous opportunities for Singapore as India grows its economy to US$5 trillion in the coming years, US$2 trillion of which would be the trade component.

The fundamentals of Indian economy remain quite robust with inflation under check and bond yields low, said the Finance Ministry in reaction to changed made by Moody’s Investors Service on Indian economic outlook.

Three Memorandums of Understanding (MoUs) have been signed between Ranong Port (Port Authority of Thailand) and the Port Trusts of Chennai, Vishakhapatnam and Kolkata during the first BIMSTEC Conclave of Ports on 7 Nov 2019.

The Cabinet has approved the signing of the Protocol amending the Convention between India and Brazil for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.

Global energy system is transforming at an unprecedented pace and India, too, is in the midst of a major transformative shift in its energy sector, said Petroleum and Natural Gas Minister Dharmendra Pradhan.

Duty free imports from China, which has economy of scale, and sitting on huge inventory and capacity, could have jolted the manufacturing beyond recovery and thus crippling exports, said FIEO President Sharad Kumar Saraf in welcoming the government’s decision on...